News
Thyssenkrupp Elevator consortium seeks additional equity investors – report
Advent, Cinven and RAG Stiftung agreed to buy the company in February in a deal valued at €17.2bn
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
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
US pension fund pulls back private equity commitments
Milwaukee County reduces commitments to four private equity funds, from $79.5m to $63.5m
Lincoln International appoints two managing directors
Christian Schwarzmueller will join the DACH team while Florus Plantenga joins the London office
DBAG announces 20% fall in portfolio NAV
Portolio NAV has fallen by around 20%, but the GP's telecoms companies are largely unaffected
NPIF allocates £23.7m to Maven
Regions the fund invests in include Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside
Elysian III eyes first close in June
LPs in Elysian II include Hamilton Lane, Morgan Stanley and West Yorkshire Pension Fund
Stirling Square hires two
Stirling Square is currently investing from its fourth-generation fund, which closed on тЌ950m
Silver Investment Partners appoints two partners
Promotion of Matthias Loos and Daniel Schmitz brings the Germany-based GP's partner team to five
Adcuram-backed Poggenpohl files for insolvency
Kitchen furnishings retailer plans to continue its restructuring and will seek new investment
October starts deployment of Italian direct lending fund
Firm also manages October SME IV, a European Long Term Investment Fund (ELTIF) with a €250-300m target
17Capital invests €100m preferred equity in European fund
Funds provided will enable the manager to invest further in their existing portfolio companies
EQT warns of "longer" fundraising for flagship vehicle
GP states it is currently focusing on developing existing portfolio companies until market recovery
Hg promotes Sanow to partner
Sanow has been involved in the Hg 6, Hg 7, Hg 8, Saturn, Mercury 1 and Mercury 2 fundraisings
Tikehau launches fund for Banca March private clients
Fund focuses on companies active in energy transition by financing their development and expansion
CVC attracts big LP tickets for new flagship fund
GP is aiming to raise €17.5bn by a June deadline and is already raking in large commitments
CMS expands Poland-focused team
CMS transactions team will continue to be led by partner Rafał Zwierz
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Oakley hires Kienwald on legal team
Kienwald joins Oakley's legal team from his position as associate at Simpson Thacher & Bartlett
BC Partners hires Adia's Heberling
Heberling joins from the Abu Dhabi Investment Authority, where he was a senior member of the private equity team