Unquote
GP Profile: Baird Capital
Partners from the firm's three regional teams discuss Baird's new global approach to capital deployment and its future plans
Ardian nets $800m for US infrastructure fund
Fundraising was completed in less than six months, according to Ardian
LP Profile: Hamilton Lane
Firm's managing directors Strang and Lei Ortiz discuss the merits of smaller relationship pools and how ESG is at the heart of its activities
Q1 Barometer: Mega-deals propel value to post-crisis record
Deal volume reached the second highest quarterly level in two and a half years, while aggregate value climbed to тЌ54bn
Weekly round-up: Alternative funding models, Leverage on the rise, and more
Catch up on essential news and features from this past week with our round-up of industry analysis
DC promotes eight in London, Frankfurt
Carsten Burger promoted to managing director in Frankfurt, seven others promoted in London
Mid-market leverage continues upward creep
High price tags, limited assets and cheap debt are helping to push up leverage boundaries in the European mid-market once again
Californian pension fund seeks adviser to build PE exposure
Adviser will work on the development of StanCera's diversified private markets portfolio
Amundi launches €300m LBO debt fund
Vehicle will select issuers primarily from the portfolio companies of major private equity firms
LP Profile: Aberdeen Standard Investments
The LP's global head of private equity speaks to Unquote about new projects, co-investment, secondaries and first time funds
Turbo-charged: How leverage is powering up secondaries
The use of leverage in secondaries has soared, as funds are continually seeking new ways to boost spending power
Imaginary Ventures holds final close on $75m
VC was launched by Natalie Massenet, who founded online fashion retailer Net-A-Porter
Volpi hits €185m hard-cap for debut fund
Fund will target Northern European companies that take advantage of software and data innovation
Federated Investors buys Hermes from BT Pension Scheme
Vendor BT Pension Scheme will retain a 29.5% stake in the manager after the deal
Eos Venture Partners launches $100m debut insurtech fund
Vehicle has raised $30m from two insurance companies to date and will have a global remit
Axa Strategic Ventures rebrands to Axa Venture Partners
Rebrand reflects approach of establishing partnerships with portfolio companies and VC investors
FPE Capital acquires IWSR
Allied Irish Bank provided acquisition finance for the management buyout
Endless exits Stirling Dynamics
GP's Enact Fund I has sold Stirling Dynamics to Ardian-backed Assystem Technologies
European fundraises off to healthy start in 2018
Number of fund closes and aggregate capital raised in Q1 is roughly on par with the same period last year, but short of the strong start to 2016
Ontario Teachers' chief investment officer Graven Larsen resigns
Graven Larsen joined Ontario Teachers' in February 2016 and led the fund's global investment programme
Coller targets $9bn for eighth secondaries fund
Significant increase on Coller VII, which held a final close on $7.15bn in January 2016
US pension fund seeks manager for $120m mandate
City of Fresno Retirement Systems, a $3bn pension fund, will invest $120m over three to four years
Secondary buyouts hit 10-year low in Q1
Proportion of deals sourced from fellow PE firms has ebbed back to the level last seen in 2007, according to Unquote Data
European entry multiples hit new high in 2017 despite Q4 cooldown
Average EBITDA multiple increased to 10.4x in 2017 compared with 10.2x in 2016, according to the latest Clearwater Multiples Heatmap