Following nearly 12 months of difficulties that stemmed from its parent's liquidity issues at the beginning of the year, Candover has today announced it will "substantially reduce" the size of its 2008 Fund, which had targeted EUR 5bn and reached a first close of almost EUR 3bn just weeks before Lehman's collapse. The reduction will release all investors, include its listed parent, from a "significant proportion" of undrawn commitments.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater