Industry
Impax announces second closing of new fund
Impax Asset Management Group plc has announced the second closing of its European renewable energy fund Impax New Energy Investors II, having raised €259m of commitments.
Riverside closes latest fund on €420m
The Riverside Company has closed its Riverside Europe Fund IV on €420m.
Houlihan Lokey appoints new London MD
International investment bank Houlihan Lokey has followed a series of senior hires across its global network with the appointment of David Sola as managing director in the group's London M&A team.
MVision spinout launches Asante
A new private equity placement group has been formed by Warren Hibbert, a former partner at global fundraising specialist MVision, unquote" has learnt.
PE conquers Marathon of Marathons
The sun pounded the private equity runners as their feet pounded the pavement for 26.2 miles from the town of Marathon to the centre of Athens yesterday. The Marathon of Marathons brought together 250 industry professionals to run the original route.
Target Corporate Finance hires senior analyst
Adviser Target Corporate Finance has appointed Alastair Halcrow as senior analyst in its research department.
Fundraising: The importance of the placement agent
In such tough fundraising conditions, the role of the placement agent has become increasingly important. Emanuel Eftimiu talks to HarbourVest’s George Anson and Mounir Guen of MVision about the current fundraising market and what LPs expect in this...
AIFM: The end of a long road
With today’s news that European Parliament negotiators have agreed on the final text of the Alternative Investment Fund Manager’s Directive (AIFM), the private equity industry can look forward to greater certainty about the regulatory environment...
Legislators agree on final text for AIFM
European legislators have finally agreed on the Alternative Investment Fund Manager’s Directive (AIFM).
Carlyle spin-out Resource closes debut fund
Despite challenging market conditions, successful fundraising in the CEE region is not out of reach, as Kimberly Romaine finds out.
Princeton cuts GP numbers
Princeton University is halving the number of GPs it invests in, as part of an overhaul of its private equity exposure.
Widening gulf between the haves and the have-nots
Today’s press coverage of David Rubenstein’s predictions on the future of the global private equity market serves again to highlight the increasing polarisation within the industry. Julian Longhurst reports.
Hypo Equity becomes Alpine Equity
Austrian lower mid-cap investor Hypo Equity has changed its name to Alpine Equity, following the spin out from Hypo Landesbank Vorarlberg.
Finance ministers agree to AIFM passporting
Finance ministers last night reached an agreement over the shape of the Alternative Investment Fund Managers (AIFM) Directive.
French venture: Retail funds under threat
France’s FCPI and FIP funds, two tax-efficient retail vehicles created to promote venture investments, are currently being overhauled by the legislator. While the proposed 2011 budget grants them a new lease of life, a number of changes are bound to...
Julia Bennett joins MCR as director
Chartered accountant Julia Bennett has been appointed director at MCR’s new Birmingham office.
WSA Avocats boosts team with six appointments
French law firm WSA Avocats has appointed six new associates, including three in its private equity team.
Schultze & Braun opens Paris office
German law firm Schultze & Braun, specialising in business recovery, insolvency and restructuring, has announced the launch of a new Paris office.
Ontario Pension Plan appoints Jane Rowe
Ontario Teachers’ Pension Plan has appointed Jane Rowe to head its private equity unit.
Funds-of-funds: A bifurcating market
While the 2005-2008 private equity boom is most commonly associated with the surging activity in Europe’s buyout markets, other areas, including the fund-of-funds segment, witnessed the same unsustainable growth and have felt the same shuddering crash....
Creadev appoints new CEO
Creadev, the private equity firm controlled by the Mulliez family, has appointed Bertrand de Talhouët as its new CEO.
Morgan Stanley and SocGen reportedly hired for Yoplait sale
Morgan Stanley and Société Générale are said to have been hired as advisers to PAI partners and Sodiaal on the sale of Yoplait, according to media reports.
Chinese private equity on the rise
The latest market data points to China’s inexorable rise to become the leading private equity market in Asia Pacific. In the latest of our regular features on Asian private equity, we look at the growing importance of China’s private equity market.