LPs
Fundraising: Unlocking LP appetite
Fundraising in the current environment can feel like facing a series of closed doors, but there are ways of unlocking LP commitments. Julian Longhurst reports
Blackstone concedes to lower LP fees
Blackstone Group is set to give a higher than traditional percentage of its transaction fees back to its investors, according to reports.
LPs & GPs benefit from mutual support
Emerging from the recessions, GPs are facing a new reality in their LP relations. Investors are becoming increasingly selective, and approach negotiations with more assertiveness. However, as Francinia Protti-Alvarez finds, the new GP/LP relationship...
Making concessions
Early indications of the results from a recent survey conducted by Nordic unquoteт and SVCA, looking at the private equity industry 10 and 25 years from now, suggest the community is already lowering expectations for the future.
unquote" 6 April 2010
LP/GP relationships are changing like never before as investors push for improved terms and increasingly look to bypass GPs and invest directly.
HarbourVest to list senior secured loans fund on LSE
HarbourVest Partners has launched a new senior secured loans fund, HarbourVest Senior Loans Europe Limited, which will be admitted to the Main Market of the London Stock Exchange.
LPs make their move at ILPA meeting
The private equity world used to be run by GPs. There is now abundant evidence that this is no longer the case, as LPs are beginning to dictate terms. A meeting between buyout chiefs and their investors in New York today could lead to further change....
KRS appoints Arcano to manage European PE investments
US limited partner The Kentucky Retirement System (KRS) has mandated Spanish asset management firm Arcano Capital with its European and Latin American private equity investments.
CalSTRS appoints director of private equity
CalSTRS, the California State Teachers' Retirement System, has named Margot Wirth as director of its $16.8bn private equity portfolio.
LPs throw out the old for the new
It is now common knowledge that fundraising for private equity funds this year will be tough to say the least. Many, however, do not realise just how tough. News reports this week suggest that LPs are now considering severing ties with some GPs altogether...
Secondaries players to fill later-stage gap
A lack of LP appetite has left a void at the later-stage end of the European venture market. Could secondaries players hold the key, asks Emanuel Eftimiu
Q&A: LPs take direct route
Deborah Sterescu speaks to Ben Hewetson, director of Teachersт Private Capital in London on the merits of direct investing.
Impotent revolution
Despite calls for an upheaval to fundraising terms, things are set to change incrementally at best as guidelines prove little more than wish lists. Kimberly Romaine reports
GLOBAL - Big Apple pensions ripe for private equity
New York City, which boasts a pension pot of $96.4bn, is reportedly naming a private equity veteran to look after its investment, triggering conjecture that the city may put more money to work in the asset class which spent most of last year plagued by...
Parish Capital holds $73m first close of European fund-of-funds
Parish Capital has held a first close of $73m for Parish Europe II, a Europe-focused fund-of-funds vehicle with a EUR250 million target.
Q&A - Charles Soulignac, Managing Partner, Fondinvest Capital
Deborah Sterescu speaks to Charles Soulignac of Fondinvest Capital about the importance of a quasi-liquidated fund in this environment
LPs sound warning over private equity performance
A new report has provided a damning assessment of LP confidence in private equity as an asset class, revealing dissatisfaction over performance and new demands in relation to due diligence and reporting
GLOBAL - LPs sound warning over private equity performance
A new report has provided a damning assessment of LP confidence in private equity as an asset class, revealing dissatisfaction over performance and new demands in relation to due diligence and reporting. By Ashley Wassall
GLOBAL - CalPERS to renegotiate terms with Apollo
CalPERS, the California pension fund, is reportedly looking to revise the terms of its relationship with private equity firm Apollo Global Management, pushing for lower management fees, a reduction in commitments, and a renegotiation of other costs for...
Growing returns
While many will spin off next year to set up smaller, growth-orientated investment houses, it will be because their financial-engineering worlds are crumbling. Others trod this path 10 years ago, even as their worlds were taking off in another direction....
GLOBAL- Stanford University puts $1bn of assets on the block
Palo Alto-based Stanford University, one of the largest endowments, has put as much as $1bn of its illiquid investments up for sale in an effort to raise cash for the cash-strapped institution.
Split LP universe
Market talk suggests the power balance has shifted in favour of LPs. Thomas Wold, investment director at Storebrand, shares his views with Rikke Lilla Eckhoff
Q&A: Katharina Lichtner
Managing director and Head of Research at Capital Dynamics
The Big 3
Rikke Lilla Eckhoff talks to Katharina Lichter, a managing director and head of research at Capital Dynamics, about succession issues, spin-out teams and the bid-ask spread on secondaries