LPs
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 unquote” 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.
Macquarie expands PE division in Europe with two appointments
Macquarie Funds Group has appointed Mike Siebert and Brenden Woods as portfolio managers to its private equity division.
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....
Ontario Teachers' wins lottery operator Camelot in £389m deal
More and more LPs are looking to bypass GPs and invest in target companies directly rather than through third-party funds. Ontario Teachers' is leading the pack, reports Deborah Sterescu.
New govt body to manage financing for SMEs
The UK government announced yesterday the creation of a new national investment corporation, called the UK Finance for Growth (UKFG), to support SMEs in the UK.
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.
PPF weighs private equity investments to boost returns
The Pension Protection Fund (PPF) is considering set to include private equity and infrastructure investments in its portfolio.
The state of government-backed venture
Deborah Sterescu speaks to Rory Earley, CEO of government-backed LP Capital for Enterprise, about what the UK venture capital industry needs to thrive
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...
Pantheon acquired by AMG
Fund-of-funds manager Pantheon Ventures is to be acquired by US-based Affiliated Managers Group (AMG) for $775m.
Ontario Teachers could acquire Northumbrian in £1.7bn deal
Canadian investor Ontario Teachers' is reportedly considering a £1.7bn takeover bid for portfolio company Northumbrian Water.
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 Teachers’ Private Capital in London on the merits of direct investing.
Institutional LPs - still in the game?
Canadian LPs lead the push towards direct investing. Deborah Sterescu reports
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.
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
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