Industry
Rethinking LP funds
Alternatives to LP funds, such as listed private equity and deal-by-deal, are all gaining in popularity as their merits become more obvious in today's backdrop. Kimberly Romaine reports
Kinetic Partners expands into Luxembourg
Advisory firm Kinetic Partners has acquired Luxembourg-based fund advisory firm AB Fund Services.
unquote" regulation update: AIFMD
In this week's unquote" regulation update, Anneken Tappe looks at the latest developments surrounding the Alternative Investment Fund Managers Directive.
Private equity could profit from QE threat to sovereign bonds
According to the National Association of Pension Funds (NAPF), quantitative easing efforts depress ROI of pension funds committed to gilts, which could push them towards alternative assets.
PE performance: UK outclassed neighbours in Q3, says study
Cambridge Associates finds that the UK private equity and venture capital markets outperformed other developed economies (excluding the US) in an otherwise negative Q3 2011.
Investec provides debt for 2M co-founder buyout
Investec has provided a debt facility for chairman and co-founder Mottie Kessler's buyout of 2M.
Swiss tax treaties could open doors for further crackdowns
Sweden is the latest European country to sign a Rubik tax treaty with Switzerland. Sonnie Ehrendal reports
Trade bodies urge EU to reconsider pensions directive
EVCA and other European trade associations have released a joint statement urging the EU to reconsider plans for occupational pensions.
VCT MBOs must continue, says ICAEW
Proposed changes may strip VCTsт of their ability to back buyouts т but this would have dire consequences, according to ICAEWтs CF head. Kimberly Romaine reports.
BVCA calls for more support for entrepreneurs
Ahead of the 2012 budget, the BVCA voices its concerns about the key issues in private equity.
Investments by regional funds
The volume of investments backed by regional initiatives has followed the general market curve of recent years: after the boom year of 2007, they plunged.
Disregard for antitrust compliance challenges PE
Antitrust allegations can lead to serious legal and financial struggles for GPs. Yet, antitrust compliance is still not a hot issue in private equity, according to Baker & McKenzie. Anneken Tappe reports
Quilvest closes two funds, launches new FoF
Global private equity manager Quilvest has raised in excess of $300m across two vehicles and is marketing a new $200m fund-of-funds.
GP commitments: PE houses feel the pressure
More than 80% of GPs are feeling pressure to up personal commitments to their funds, according to research by Investec.
GP consolidation in emerging markets
Middle Eastern private equity giant Abraaj Capital is buying emerging markets investor Aureos Capital.
Corporate divestments decline across Europe
As industry players remain cautious with regards to dealflow, unquote” data shows that the trend in domestic corporate divestments is heading downhill. Anneken Tappe reports
Palio Capital Partners raising debt fund for UK SMEs
Palio Capital Partners has secured a cornerstone investment from the European Investment Fund, raising a third of its anticipated ТЃ100m first close.
AFIC calls for staff stakes in PE-backed firms
French private equity trade body AFIC has drafted a proposal to simplify and extend the incentivisation mechanism for employees of PE-backed businesses.
EU due to issue white paper on pensions directive
The European Commission will release a white paper in reaction to technical advice for the IORP Directive.
CalPERS appeals for higher capital gains tax
Joe Dear of CalPERS has voiced his support of an increase in capital gains tax that would hit the private equity industry.
Summit Partners opens India office
Private equity house Summit Partners has opened a new office in Mumbai, India, as part of efforts to help portfolio companies expand there.
KKR buys nursing home debt
KKR has purchased part of the loans of UK nursing home operator Four Seasons Health Care Group Ltd.
Volcker responds to Dodd-Frank criticism
Paul Volcker has argued in a response paper that private equity investments should be separated from commercial banking activities.
Early-stage deal rate highest in Europe
A look at early-stage activity in 2011 across Europe shows the DACH region is consistently the strongest player in the early-stage market, followed by the UK & Ireland.