Industry
3i Debt Management borne out of MIM deal
3i has reinforced itself as a diversified asset manager with today’s introduction of 3i Debt Management (3iDM).
Half of mega-fundraisings to struggle this year
Half of Europeтs mega-buyout funds launched in 2011 will struggle to reach a first close, according to MVisionтs Mounir Guen.
Much ado about very little
Last year was clearly a time for reflection, as record losses prompted many investors to rethink their strategies. GPs paused to concentrate on portfolios and LPs reassessed their manager selections – with some taking it a step further and reviewing their...
Institutional cuts to PE: A mixed bag?
On Wednesday, it was reported that CalPERS is looking to sell another $800m of its private equity commitments. The news came the same week that PA SERS announced it was cutting its allocation to private equity to around 15%. This comes after CalPERS sold...
Industry pushes ahead with fundraisings
Fundraising is surging forwards in early 2011, with a raft of funds launching and reaching closes in the past month. Following news that Blackstone has raised $15bn for one of the largest private equity funds ever seen, how are other players responding...
Carlyle buys AlpInvest
Carlyle Group has acquired AlpInvest Partners as part of a joint venture with AlpInvestтs management team.
Paul Perpère joins AFIC as delegate general
French private equity association AFIC has announced the appointment of Paul Perpère as delegate general.
Perceva Capital raises €150m
French special situations investor Perceva Capital has raised €150m for its latest fund.
DC Advisory Partners announces growth plans
DC Advisory Partners has announced plans it is to strengthen its business across Europe.
M&A and tax law firm Bichot & Associés launched
Bichot & AssociУЉs, a law firm specialising in M&A and taxation, has launched.
EQT and Nordic Capital looking to raise new funds
EQT and Nordic Capital are in the early stages of fundraising, according to reports.
Argos Soditic closes latest fund on €400m hard cap
Argos Soditic has closed the Euroknights VI buyout fund at its тЌ400m hardcap, following a relatively short formal fundraising period.
Montagu reaches €2bn first close on new fund
Montagu Private Equity is to tell its investors it has reached a тЌ2bn first close on its new fund, according to media reports.
Nordic Capital wins tax case
The tax board has rejected the claims of the tax agency regarding Nordic Capitalтs taxing of profit sharing between 2006 and 2007.
Fundraising market continues to confound
Fundraising conditions are at their toughest for nearly a decade and the market is awash with rumours of stalled fundraising programmes. But there are also regular reports of highly successful fundraisings that fly in the face of the current trends. Julian...
Fundraising: Heavy traffic ahead
It is no secret that the private equity fundraising environment has been tough for the past couple of years. As many GPs prepare to hit the road again, current LP outlooks and strategies could result in a substantial number of players having to share...
ATP PEP holds final close of €1bn fund
ATP Private Equity Partners, the private equity arm of Danish pension fund ATP, has announced the final close of ATP IV K/S, a €1bn fund-of-funds.
Candover disposes of management company
Candover Investments has disposed of its wholly owned investment arm to a management-backed entity and sold part of its portfolio, the firm announced today.
PE associations: Passing the torch
European private equity trade bodies are currently facing a management reshuffle, following a couple of difficult years for the industry. As much work was done to curb the most controversial aspects of the AIFM directive and generally promote private...
Electra raises £100m in bond issue
Electra Private Equity is to raise £100m to help fund what it describes as “exciting” investment opportunities.
Dörte Höppner appointed new secretary general of EVCA
The board of the European Private Equity & Venture Capital Association (EVCA) has announced the appointment of Dörte Höppner as secretary general, following the departure of Javier Echarri at the end of the year.
Fund lifetimes: Extend and pretend?
With market fears that a capital overhang could encourage reckless investments and artificially high valuations, would it make sense to redesign the private equity fund model to allow for longer investment and holding periods? The argument has gained...
Clifford Chance open office in Turkey
Global law firm Clifford Chance has established a new office in Istanbul.
Mid-market: The next big thing?
Even though big buyouts have staged a spectacular comeback in 2010, mid-market transactions are widely expected to be at the forefront of dealflow and value creation going forward т but strong headwinds could make for a rough, if ultimately rewarding,...