Opinion

Interview: SVB's Allan Majotra
Interview: SVB's Allan Majotra

Anneken Tappe speaks to Allan Majotra, director of Silicon Valley Bank’s Private Equity Services Group, about the role of funds-of-funds and regulatory developments.

Escaping the equity black hole
Escaping the equity black hole

The European M&A market continues to be depressed - as are many of the advisers in the sector. However, there are a number of tactics that interested parties and their advisers can pro-actively employ to help facilitate a transaction when it might otherwise...

Central and Eastern Europe – A Continuing Opportunity

Nearly two decades of investment history, superior returns, a universe of experienced fund managers т yet Central and Eastern Europe (CEE) is neglected by many LPs. Henry Potter and Peter Wolfers of Alpha Associates discuss the characteristics of the...

Multiple worries
Multiple worries

According to the man on the street, multiples nowadays stand at around 7x EBITDA for assets, up to 9x if it’s a ‘quality asset’ (meaning it stands at 9x, since I know of no GP willing to admit he buys low-quality assets). This is down markedly from the...

Much ado about very little
Much ado about very little

Last year was clearly a time for reflection, as record losses prompted many investors to rethink their strategies. GPs paused to concentrate on portfolios and LPs reassessed their manager selections – with some taking it a step further and reviewing their...

  • GPs
We're all above average
We're all above average

One Nordic adviser told me recently, "We have more than doubled our number of billing hours since Easter."

The beauty of small things
The beauty of small things

If there is one rule that prevails over private equity commentary nowadays, it is that determining any long term trend remains extremely difficult, such is the volatility in the market.

Making concessions
Making concessions

Early indications of the results from a recent survey conducted by Nordic unquoteт and SVCA, looking at the private equity industry 10 and 25 years from now, suggest the community is already lowering expectations for the future.

Vendor scepticism
Vendor scepticism

While researching the Nordic chapter of the European Fundraising Review, it became evident that GPs and LPs alike expressed concern over future dealflow. From 1998 to 2008, the number of fund closes doubled, and the amount of capital raised quadrupled....

Q&A: views on the Spanish mid-market
Q&A: views on the Spanish mid-market

Spanish mid-market player Nazca recently saw it’s cornerstone, Fortis, sell its stake to AlpInvest. The new investor simultaneously backed the buyout of Nazca from Fortis. Fracinia Protti-Alvarez speaks to Álvaro Mariátegui and Carlos Carbó from Nazca...