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Private equity returns 13.6% for Calpers
US public pension fund Calpers' private equity investments have returned 13.6% in preliminary earnings for the 2012-2013 fiscal year.
From US to Europe: an elusive carried interest definition
Carried interest
"Pass-the-parcel" deals creep up in H1
Secondary buyouts have accounted for 45% of the overall number of buyouts in the first half of 2013, the highest proportion witnessed since the onset of the financial crisis, according to unquote" data.
Amadeus fund hits $75m first close
Amadeus Capital Partners has received a $75m commitment from South Africa-based telco business MTN Group towards its Amadeus IV Digital Prosperity Fund.
SEC lifts fund advertising ban
The Securities and Exchange Commission (SEC) has removed the prohibition on general solicitation and advertising for VC firms and PE houses when raising private funds in the US.
Markit moves into buyout valuations
Financial information services company Markit has launched Markit Portfolio Valuations – Private Equity, an independent valuation service for growth and buyout equity investments.
Listed funds' share prices jump 25%
Average listed private equity company share prices have risen 25% over the last year, and by 72% over the last three years, according to data published by the Association of Investment Companies (AIC).
AIFMD could result in fewer fund managers, says survey
A new survey by German software company Data Room Services and real estate firm Knight Frank reveals uneasiness about the upcoming Alternative Investment Fund Managers Directive (AIFMD) across markets in Europe.
Dawn Capital closes second fund on £63m
London-based VC firm Dawn Capital has held the final close of its Dawn Capital II Venture Capital Fund after raising £63m.
Marlborough opens in Frankfurt; names 3i's Ehrler as partner
Markus Ehrler, Marlborough
Q&A with Hassans partner James Lasry
Q&A James Lasry
French PE still outperforms rest of continental Europe
French private equity funds have returned 8.6% since inception, according to the latest performance figures published by local trade body AFIC.
VCs reach for the cloud
Silver linings
Carey hires new director for fund admin division
Joe Truelove, Carey Group
Gores' Hammad to lead Flybe
Saad Hassan Hammad, managing director of operations for Gores Group, has been appointed as budget airline Flybe’s latest CEO.
Popular high-yield bond market shrinks refinancing wall
A new report has found that amend-and-extend activity has reduced the expected 2014-2015 refinancing wall.
HIG raises €825m in just 3 months
HIG Capital has held a final close of HIG European Capital Partners II on тЌ825m, exceeding the target of around тЌ760m, after just three months on the road.
LDC backs £62m Angus Fire MBO
LDCтs Manchester office has supported the ТЃ62m management buyout of Angus Fire from NYSE-listed United Technology Corporation (UTC).
CVC forced to turn investors away
CVC Capital Partners has raised more than €10.5bn and can no longer accept investments from LPs wanting to commit to its sixth fund.
Private equity's public impact: Q&A with EVCA chair George Anson
Q&A: George Anson
EVCA appoints first LP as chairman
George Anson, EVCA
Tikehau takes 35% stake in Duke Street
Duke Street has sold a 35% stake of itself to Paris-based investment firm Tikehau Group in an effort to boost the firmтs deal-by-deal model.