News/GPs
Gimv confirms dividend but reports negative portfolio return
Gimv invested €205m in six new platform investments and additional bolt-ons in 2019/2020
Tikehau hires three in Milan office
Paglia and Girelli join the Italian private equity division, while Pedergnani focuses on fundraising
Eurazeo increases stake in Idinvest to 80%
Eurazeo acquired 70% of the French asset manager in early 2018
Miura promotes two
Jordi Alegre and Fernando Clúa have led several investments in Spain and international consolidation projects
Palatine appoints new partner to Impact Fund team
Palatine held a final close for its debut impact fund on £100m in September 2017
Mutares' Q1 2020 portfolio review: two exits and three acquisitions
Two of the acquisitions were platform investments and the GP expects to complete two more in Q2 2020
17Capital hires Sklar as senior adviser
Preferred equity provider is looking to bank on increased appetite for portfolio support products
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 £413m and completed 13 bolt-ons
Acquisition prices for SMEs decline in Q1 2020 – research
Prices paid to acquire SMEs declined significantly to 9.3x EBITDA in the first quarter of 2020
IK hires Aoun as head of capital markets
Aoun joins IK from KKR, where he was a principal focusing on private credit and capital markets
CapMan Growth hires partner for new growth fund
New vehicle will succeed CapMan Growth Equity Fund, which closed on a hard-cap of €86m in 2017
KKR reports 12% Q1 loss in PE portfolio
GP cited $58bn dry powder, cheaper asset prices and steady management fees for being optimistic
ECI makes two senior promotions
Firm has promtoed Steve Tudge to the position of non-executive chairman, effective October 2020
YielCo hires new director
Volker van Rüth joins from his role as CEO of BayerInvest and has prior experience at Warburg Invest
BGF releases 2019 results, reports operating profit of £133m
BGF invested more than £200m in 45 new companies and provided a further £144m in follow-on funding
Andera hires Argos Wityu's Jay
Andera is currently deploying a series of funds, including BioDiscovery V and Winch Capital 4
One third of GPs may suspend next fund marketing – survey
Investec's GP Trends survey reveals that 83% of GPs do not expect to make an exit in the next year
Carlyle has $74bn in dry powder to deploy
GP also says that its fundraising is likely to slow down amid the coronavirus outbreak
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
VGC appoints Read as director
Alex Read joins from Alantra, where he spent three years as an origination associate
Aksìa hires two
Edoardo Peroglio Longhin is appointed as investment manager and Guglielmo Orsatti as senior analyst
DBAG announces 20% fall in portfolio NAV
Portolio NAV has fallen by around 20%, but the GP's telecoms companies are largely unaffected
Stirling Square hires two
Stirling Square is currently investing from its fourth-generation fund, which closed on €950m
Silver Investment Partners appoints two partners
Promotion of Matthias Loos and Daniel Schmitz brings the Germany-based GP's partner team to five
