coronavirus
3i posts 6% gross return for PE, down from 20% for FY 2019
3i made three new investments in the financial year for a total of ТЃ413m and completed 13 bolt-ons
Video: Ely Place's Roddick on the latest LP/GP trends
Roddick discusses pre-fundraising campaigns, the denominator effect, allocation lessons learned from the GFC, and more
Q1 Barometer: Year of sustained growth finally halted in Q1
The European private equity market cooled in Q1, even before the Covid-19 crisis took hold, after an especially active Q4 2019
Eight Roads-backed Picsolve enters administration
Deloitte has been appointed to find a buyer for the whole company or for a part of it
VC Profile: Isai reaches 1st close in lockdown
Founder Jean-David Chamboredon discusses the challenges of raising a fund in lockdown, and plans to deploy capital in an uncertain environment
Mandarin backs cosmetic specialist Klapp
GP invests via Mandarin Capital III, which has a €250m target and has raised €175m so far
KKR reports 12% Q1 loss in PE portfolio
GP cited $58bn dry powder, cheaper asset prices and steady management fees for being optimistic
Towerbrook to inject €100m in BC-backed CarTrawler in debt-for-equity swap
CarTrawler has тЌ120m of its TLB and тЌ25m of revolving credit facility debt outstanding
Ara Partners closes debut fund on $400m
Fund makes buyout and growth capital investments in companies based across North America and Europe
Star Capital closes fourth fund on €140m
Fund targets Italian companies operating in a wide range of sectors and has a special focus on ESG
CDP commits additional €100m to FoF PE Italia
New commitment brings the total capital raised by the private equity fund-of-funds to €300m
EQT Ventures leads $12m series-A for Peanut
Since the outbreak of Covid-19, engagement on London-based Peanut has increased by 30%
Spanish GPs navigate tough fundraising, deal-making environment
Unquote rounds up notable funds delayed or postponed, and gathers dealflow updates from managers
Altamar holds first close for €750m secondaries fund
ACP 4 targets the growing market for GP-led secondary transactions
Aurelius's Bertram to make wholesale division insolvent, sells Wordery
Bertram temporarily closed Bertram Books as of 1 April due to uncertainty caused by the pandemic
Carlyle has $74bn in dry powder to deploy
GP also says that its fundraising is likely to slow down amid the coronavirus outbreak
Tech, IT and software valuations remain stable – survey
Report from GCA Altium tracks the effect of the coronavirus crisis on listed technology companies
Eurazeo delays fundraising by up to nine months
GP's Growth Fund III was previously due to hold final close at the end of 2020
US pension fund pulls back private equity commitments
Milwaukee County reduces commitments to four private equity funds, from $79.5m to $63.5m
DBAG announces 20% fall in portfolio NAV
Portolio NAV has fallen by around 20%, but the GP's telecoms companies are largely unaffected
Novum Capital closes second fund on €150m
Final close includes all investors from the GP's debut fund plus €40m in commitments from new LPs
Partech closes third seed fund of $100m
Partech Entrepreneur III surpasses its original target of $80m
Adcuram-backed Poggenpohl files for insolvency
Kitchen furnishings retailer plans to continue its restructuring and will seek new investment
German GPs weigh up portfolio damage and rescue packages
Nature of Germany's industrials-weighted economy has caused problems for some GPs when it comes to liquidity needs