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JP Morgan to buy Schroders PE services business
JP Morgan has signed an agreement to purchase Schroders' private equity administration business, as part of the build up of its JPM Worldwide Securities Services (WSS) unit.
AIFM: EVCA vows to fight on after 'disappointing' JURI vote
The European Venture Capital Association (EVCA) has vowed to fight on against the Alternative Investment Fund Managers (AIFM) Directive, which could prove disastrous for venture investors.
Blackstone's GSO managers buy CLO shares
The managers of Blackstone's credit business, GSO Capital Partners, have reportedly launched a $1m offer for shares in GSO's loan obligation (CLO) fund, Carador.
Candover shares up 20% on takeover talks
Candover shares jumped 20% this morning, following news the private equity house is in talks over a potential takeover.
Fitness investments: Working their way back to health
The recent wave of private equity-backed expansion deals in the gym industry suggests it is a sector in rude health. Francois Rowell investigates.
Alix appoints Albert Stein as MD
Alix Partners has bolstered its restructuring team with the appointment of Albert Stein as managing director.
SVG doubts permanent shift in LP/GP relations
With the uncertainty that ensued during the financial crisis, many predictions were made regarding the reduction in the number of GPs and their relations with LPs. While we have seen an evolution on both of these issues, there are doubts over how truly...
August Equity hires Fisher as partner
August Equity has appointed John Fisher as partner, along with two promotions.
Vantis hires John Bloor as client partner
Vantis has appointed John Bloor as client partner to lead the expansion of its interim management services.
USS acquires $135m interest in NB secondaries fund
The Universities Superannuation Scheme (USS) has acquired a $135m interest in the Neuberger Berman (NB) Secondary Opportunities Fund II from the Lehman Brothers Estate.
Private equity activity subdued despite industry optimism
European private equity remained subdued in early 2010 despite relative optimism over the economy, according to the unquoteт Private Equity Barometer.
Uzumeri leaves Ontario Teachers'
Ontario Teachers' Pension Plan is looking for a new head of private equity after Erol Uzumeri announced he is to leave the Toronto-based pension fund manager on 14 May.
Yacht investments - private equity is back in the regatta
Private equity backers sunk a lot of money into yacht builder deals during the peak of the buyout boom, taking control of the biggest brands in the industry within just a few years. In many cases, the outcome has been disastrous. Now, a private equity...
AXA buys BoA's $1.9bn private equity secondary interests
AXA Private Equity has acquired Bank of America's(BoA) $1.9bn portfolio of limited partnership interests in private equity funds, as the bank seeks to divest its non-core private equity investments.
Recovery fund: releasing the shackles of debt
ICGтs new recovery fund specifically supports companies chained down by over-leverage, rather than loss-making businesses that require a complete turnaround. Francinia Protti-Alvarez investigates
Fees: GPs surrender to LPs
After years of GPs and LPs operating under a standard relationship model, asset managers are beginning to balk under the LP pressure for increased transparency and fee reductions as institutional investors become more aggressive in cutting costs. Gail...
HarbourVest appoints Lund as EMEA head of sales
HarbourVest Partners has appointed Simon Lund as head of sales and marketing for Europe, the Middle East and Africa.
Neuberger Berman to launch distressed debt fund
Private Equity investor Neuberger Berman, plans to launch NB Distressed Debt Investment, a fund targeting asset-backed senior debt.
CLO market thaws
The primary collateralised loan obligation (CLO) market seems to be spluttering back to life, following significant activity in recent weeks. But questions still remain as to whether the economics are in place to support a full-blown recovery. Gail Mwamba...
Vantis appoints client partner
Vantis Business Recovery Services (BRS), a division of UK accounting, tax and business advisory group Vantis, has appointed Gareth Morris as client partner.
Fundraising: Unlocking LP appetite
Fundraising in the current environment can feel like facing a series of closed doors, but there are ways of unlocking LP commitments. Julian Longhurst reports
Managing value: back to basics
2009 and 2010 have been all about getting back to basics hands-on operational support. A big part of this is about having the best management for the job. Francinia Protti-Alvarez reports.
Blackstone concedes to lower LP fees
Blackstone Group is set to give a higher than traditional percentage of its transaction fees back to its investors, according to reports.