LPs
LP perspectives
Following the downturn in the markets, the balance of power between GPs and LPs has shifted, giving LPs greater control. Deborah Sterescu speaks to three LPs to find out how their strategies and attitudes have changed
GLOBAL - Calpers private equity assets plunge 23%
CalPERS' private equity assets have fallen 23% in the last year, the worst annual decline the nation's largest public pension fund has ever reported.
GLOBAL - Capital Dynamics acquires Silicon-Valley based HRJ
Capital Dynamics has confirmed the take-over of Silicon Valley-based HRJ Capital's private equity and real estate fund-of-funds, as reported on unquote" news in April, following the consent of the LPs of HRJ's funds.
GLOBAL - LP demand for responsible investment rising
According to a survey published today as part of a guide to responsible investing in pirvate equity, 93% of institutional investors would expect all their potential and future GPs to respond to questions surrounding environmental, social and governance...
Trust is at the heart of the matter
Mareen Goebel speaks to Dr Frank Thianer, who focuses on private equity transactions, about the challenges and opportunities facing the industry
LP/GP relations - No more Mr Nice Guy?
There is a general feeling that all is not well in LP land, with fees increasingly becoming an area of concern and a swathe of defaults thought to be around the corner. AVCJ chairman emeritus Dan Schwartz discusses the issues facing institutional investors...
UK - JPEL to raise up to $100m
London-listed specialist secondary investor JP Morgan Private Equity Limited (JPEL), formerly Bear Sterns Private Equity, plans to raise between $50m to $100m to take advantage of opportunties in the secondaries space.
GLOBAL - LPs suggest trouble ahead
A quarter of all private equity fund managers will go out of business and a tenth of investors could default on capital calls; industry LPs reveal their sombre side.
GP diligence
Deborah Sterescu speaks to Helen Steers, partner and head of European primary investment at Pantheon Ventures, on issues ranging from backing new fund managers to heightened due diligence in today's climate
Diligent Danes
Amid market talk of a horrific fundraising environment, Danske Private Equity are in the middle of closing its fourth private equity fund-of-funds, determined to commit capital while other funds-of-funds sleep. Rikke Lilla Eckhoff discusses reporting...
UK - PIP sells further fund interests
Pantheon Ventures' listed fund-of-funds investment trust, Pantheon International Participations plc (PIP), has completed its second round of disposals in a week, taking the total raised to ТЃ206m.
GLOBAL - CALPERS to allocate extra $9bn to private equity
The California Public Employees Retirement System (CALPERS) is considering a new asset mix, which could see the LP allocate an additional $9bn to private equity.
CEE - EBRD to commit to Bancroft fund
The EBRD is considering investing up to EUR 30m in Bancroft Private Equity third fund, Bancroft 3 LP.
View from CalPERS
Deborah Sterescu asks limited partner CalPERS about its investment strategy and finds the silver lining in today's stormy economy
The Big 3
Louis Elson, managing partner and co-founder of growth capital specialist Palamon Capital Partners shares his thoughts with us
UK - SVG rights issue raises £100m
Listed LP SVG Capital has today announced the results of its rights issue, having received valid acceptances for around 52% of offered shares and sub-underwriting commitments from existing shareholders that have raised a total of ТЃ100m.
CEE - EBRD to commit EUR 50m into regional mezz fund
EBRD is to invest up to EUR 50m into Accession Mezzanine Capital III, a vehicle managed by Mezzanine Management Central Europe that focuses on Central and Eastern Europe and has a target size of EUR 350m.
CEE - EBRD considers EUR 40m commitment to 3TS CEE Fund III
The EBRD is studying the possibility of investing up to EUR 40m, but not exceeding 20% of total aggregate commitments, in 3TS CEE Fund III, a regional private equity fund with a target size of EUR 200m.
UK - SVG placing raises £70m
SVG Capital Plc has announced that it has raised ТЃ70m through the placing of new ordinary shares.
GLOBAL - PIP to raise £49.5m from issue of loan notes
Quoted private equity fund-of-funds Pantheon International Participations Plc (PIP), which is managed by Pantheon Ventures Ltd, has announced that it has entered into an agreement with institutional investors to raise up to ТЃ49.5m through the issue of...
UK/GERMANY - Electra Partners invests EUR 45m into Steadfast fund
Electra Partners has purchased a significant interest in Steadfast Capital Fund I, managed by Steadfast Capital GmbH, for EUR 45m.
Argentum recognised for encouraging investment
Argentum aims to attract and develop new investors in private equity
SPAIN - SI Capital searches for green investors in the Middle East
SI Capital has become one of the first private equity funds to approach Middle Eastern sovereign wealth funds for investment into the renewable energy sector, as it continues fundraising for its new vehicle, which is targeting a EUR 70m close by the end...