Benelux
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...
UK/DENMARK - Index leads £10.5m Just-Eat funding
Index Ventures, alongside Venrex Investment Management and existing shareholders, has led a series-A funding round for online meal order business, Just-Eat, raising ТЃ10.5m.
GLOBAL - Pomona Capital surpasses $1bn target for secondaries fund
Global private equity firm Pomona Capital has held a final close of its seventh secondaries fund, Pomona Capital VII, at $1.3bn, surpassing its original $1bn target.
EUROPE - Hall to retain 12% stake in Cinven
Robin Hall, who stepped down as managing partner of buyout giant Cinven this week, will reportedly retain a 12% stake in the private equity firm, assuming the role of executive chairman.
GLOBAL - Cipio promotes Meyel
Global secondary direct specialist Cipio Partners has promoted Diana Meyel to the position of partner.
EUROPE - 3i appoints two new non-executive directors; halves debt
Private equity group 3i has appointed John Allan and Alistair Cox as non-executive directors on its board, effective 1 September and 1 October respectively.
EUROPE - Palamon appoints new adviser
London-based mid-market investor Palamon Capital Partners has appointment Dr Richard Wolman to its board of advisers.
EUROPE - Cinven's Hall steps down
Buyout giant Cinven has elected Hugh Langmuir to managing partner, replacing Robin Hall, a veteran of the firm who will take on the role of executive chairman.
BELGIUM - LSP et al. invest EUR 4.9m into Pronota
A syndicate of existing backers, including LSP, Gimv, Biotech Fund Flanders, KBC Private Equity, Johnson & Johnson Development Corporation and Baekeland Fund have participated in a EUR 5m series-B funding round for biotech firm Pronota, alongside new...
UK/GERMANY - WHEB Ventures reaches £90m third close
WHEB Ventures has achieved a third closing of its second clean technology fund, WHEB Ventures Private Equity 2 LP, at ТЃ90m (EUR 105m).
EUROPE - AXA PE signs UN responsible investment principles
French mid-market buyout house AXA Private Equity has signed the Principles for Responsible Investment (PRI) initiative, issued by the United Nations.
BELGIUM - BNP completes EUR 1.6m Eurogentec investment
French investor BNP Paribas Private Equity has invested EUR 1.6m into biotech business Eurogentec.
EUROPE - EVCA placement code highlights need for transparency
In response to the ongoing reverberations relating to the New York kickback scandal the EVCA has published a draft code of conduct for placement agents, which highlights the need for greater transparency within the sector.
NETHERLANDS - Holland Venture launches EUR 70m fund
Holland Venture Partners has set up NPE Holland Venture Partners Fund I, a EUR 70m fund sponsored by Natixis Private Equity.
NETHERLANDS - 3i and H.I.G provide EUR 17.2m new equity for VNU Media
3i-backed VNU Media has finally reached an agreement with its lender over its EUR 100m debt. The firm has been in talks with banks since January this year.
EUROPE - IK appoints Ryum Larsen to executive committee
IK Investment Partners has appointed investor relations head Mads Ryum Larsen to its executive committee.
Trouble ahead
Industry LPs reveal their sombre side, predicting that a quarter of all private equity fund managers will go out of business and a tenth of investors could default on capital calls. By Ashley Wassall
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...