Southern Europe

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...

  • LPs
Jockeying for position

A private equity landscape in subsidence, a barren fundraising market and stateside-kickback scandals: placement agents are having to change their modus operandi. By Ashley Wassall

Caution ... is key

Director of private equity at SVG Advisers, Sam Robinson, speaks on LPs' decreased appetite for risk and the need to make vehicles more efficient in this economic climate. By Sam Robinson, SVG Advisers.

EUROPE - NB Private Equity lists on SFM

Euronext-listed NB Private Equity Partners (formerly Lehman Brothers Private Equity) has announced the admission of its class A ordinary shares to the Specialist Fund Market (SFM) of the London Stock Exchange, effective this morning.

ITALY - Permira in negotiations over Valentino

It is understood that Permira-backed fashion Valentino house is close to signing a standstill agreement with its lending syndicate, led by Citigroup, UniCredit and Mediobanca, as it struggles to meet payments on its EUR 2.5bn debt pile.

ITALY - Bridgepoint appoints director

Bridgepoint has appointed Matteo Perale as a director in its Milan office, where he will operate within the media, technology and financial services teams.

EUROPE - EVCA task force calls for EUR 1bn threshold

Two months on from the launch of the European Commission's proposed Alternative Investment Fund Manangers (AIFM) Directive, the EVCA Brussels Task Force has published its formal response, which calls for an increased in the minimum qualifying threshold...