GPs

EUROPE - Candover to "substantially" reduce fund

Following nearly 12 months of difficulties that stemmed from its parent's liquidity issues at the beginning of the year, Candover has today announced it will "substantially reduce" the size of its 2008 Fund, which had targeted EUR 5bn and reached a first...

  • GPs
FRANCE - SocGen PE arm spins out; re-brands Syntegra

The investment team of SG Capital Europe, the private equity arm of Société Générale's asset management subsidiary SGAM, has led a spin-out of the business from its parent and re-branded it Syntegra Capital.

  • GPs
FRANCE - Allianz to sell AGF PE

According to reports, Allianz has mandated Rothschild to oversee the sale of its private equity investment arm, AGF Private Equity, with AXA Private Equity cited as a possible suitor.

  • GPs
GLOBAL - Carlyle to change terms on its fifth fund

It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...

  • GPs
EUROPE - TowerBrook, LPs address credit gap with lending unit

LPs started the year defaulting on capital calls and sending letters to GPs asking (or demanding) they refrain from drawing money. What a difference a year makes - now most are honouring their commitments (though the calls are admittedly few and far between)...

  • GPs
BELGIUM - KBC to divest PE unit

According to reports, Belgian banking and insurance group KBC is to divest its private equity unit as part of the group's overall restructuring plan.

  • GPs
PAI partners still on the rocks

The PAI partners saga looks set to drag on at least until 20 November, when LPs will vote on the beleaguered private equity house's proposal to reduce its fifth fund by 50%. The implications of the final agreement are anticipated with baited breath, writes...

  • GPs
US/EUROPE - First Reserve Corp adopts UN's PRI

Energy-focused investor First Reserve Corporation has today announced that it has adopted the United Nations' Principles for Responsible Investment (PRI), becoming the first energy-related private equity firm to do so.

  • GPs
GLOBAL - KKR finally completes KPE merger

After over a year of delays and revisions, US-based private equity giant KKR has now completed its merger with its Amsterdam-listed affiliate, KKR Private Equity Investors.

  • GPs
A long and winding road

Rikke Eckhoff talks through 20 years of private equity with industry pioneer and veteran Bjorn Saven, founder and executive chairman of IK Investment Partners

  • GPs
Q&A - Neil Harper

Head of European Investments, Morgan Stanley Alternative Investment Partners

  • GPs
FRANCE - PAI offers investors to halve commitment

PAI Partners has offered to return up to 50% of undrawn commitments back to investors in its fifth fund, following the departure of chief executive Dominique Megret and his right hand man Bertrand Meunier, which triggered a key man clause.

  • GPs