Analysis/Industry
A new model of investing
These days deals are about patience and graft with a view to de-risking and monetising old-fashioned value-add, writes Deborah Sterescu
LP perspectives
Following the downturn in the markets, the balance of power between GPs and LPs has shifted, giving LPs greater control. Deborah Sterescu speaks to three LPs to find out how their strategies and attitudes have changed
The VCT generation
Despite stricter government regulations and a harsh investment climate, it would seem that the VCT industry is still active and looking for new and creative ways to invest, writes Deborah Sterescu
Trust is at the heart of the matter
Mareen Goebel speaks to Dr Frank Thianer, who focuses on private equity transactions, about the challenges and opportunities facing the industry
Once-in-a-lifetime opportunities
Frankfurt-based Close Brothers has doubled its debt advisory team to take advantage of the current prospects, with an uptick expected from Q3 this year. Banks would rather be less aggressive than pursue workouts with companies, but some private equity...
10th Munich Private Equity Training Conference
The 10th annual Munich Private Equity Training (MUPET) was held in Munich and hosted by law firm Pollath + Partners last month. Mareen Goebel joined more than 200 delegates for the two-day event to discuss the current state of the industry
Open for business?
Secondary debt has been all the talk recently. Some have even said it is partly responsible for holding up the issuances of primary debt. But despite speculation, banks are saying that the secondary market is not the way forward and that the primary market...
Avoiding the herd
Deborah Sterescu speaks to George Anson, managing director of HarbourVest Europe, on everything from the importance of a keeping an investment strategy to the difficulties in transacting a secondaries deal ..
Next move?
Upheaval in the markets and the streamlining of operations has resulted in an increased number of qualified professionals looking to join the ranks of private equity. But this doesn't necessarily make it easier for prospective employers
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...
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
Lorenzo Lorenzotti - ACG Private Equity
Francois Rowell speaks to Lorenzo Lorenzotti, managing director of ACG Private Equity, about LP/GP relationships and opportunities in the CEE region
Regulating away from trouble
Francinia Protti-Alvarez talks to Ad van den Ouweland of Robeco about LP/GP relationships and the role that responsible investment principles can play in private equity's future
Latvia in focus
A grim macroeconomic outlook has dominated the headlines from the Baltics of late. Nordic unquote" invited Latvian Venture Capital Association chairman and BaltCap investment manager Astra Neimane to give her thoughts on private equity prospects in Latvia...
Beneath the surface
Francois Rowell looks at current pressures between portfolio company creditors and their private equity owners
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.
Due diligence: Levelling the playing field
In a market dominated by distressed sales and complex restructuring operations, the role of intermediaries has taken on renewed significance, writes Ashley Wassall
Erring on the side of caution
Banks' unwillingness to lend is largely to blame for today's deal freeze. As they loosen the reins on leverage again, might their newly adopted uber-cautious approach continue to hold things up? Deborah Sterescu investigates
GP diligence
Deborah Sterescu speaks to Helen Steers, partner and head of European primary investment at Pantheon Ventures, on issues ranging from backing new fund managers to heightened due diligence in today's climate
From self- to over-regulation
Dr Markus Schackmann and Dr Angelika Yates of Luther examine the proposed EU Directive on Alternative Investment Fund Managers and its expected impact on the German private equity industry