Weekly Industry Analysis Round-up - 11th Nov 2013

Here is your weekly round-up of industry analysis provided by unquote".

unquote" took an in-depth look into the rise of zombie funds. Though GPs remain adamant there is a way to resurrect these dead investments, limited partners are more spooked. "The worst scenario is when you have a portfolio of impaired companies and it doesn't look like the GP is going to get carry out of that fund, then the GP is managing that portfolio for its management fee. They are actually incentivised to milk that portfolio for its management fee for as long as they can," said Pantheon's Francesco di Valmarana.

Legal Week, a sister publication of unquote", explored the competition for private equity specialists fiercely fought between US law firms and the Magic Circle. After a stream of high profile departures from City firms, it seems the allure of US firms looking to up their private equity business is proving hard to resist. "If people have the option to make more money they will take it," said one market source.

Dutch female-led private equity firm Karmijn Kapitaal held a final close of its maiden diversity-focused fund on its target of €50m last week. unquote" spoke to the firm's founders about investing only in companies with diverse management teams - where at least a quarter of the management is female - an "interesting and challenging" fundraising process and a pipeline of upcoming deals.

Crowdfunding has made its mark on the post-crisis funding landscape. unquote" assessed its impact and pitfalls, as technology outpaces regulation, and questioned the implications for institutional investors as high-net-worth individuals add crowdfunding to the list of investment opportunities.

Following the recent closure of LGT Capital Partners' secondaries-focused vehicle on its $2bn hard-cap, Ivan Vercoutere, managing partner, spoke to unquote" about continued scepticism among investors towards Europe's economic recovery and transaction volume this year.

That's all from me this week but if you have any comments on this week's analysis, please send your thoughts to amy.king@incisivemedia.com

You can continue to follow me and the rest of the unquote" team via @unquotenews for all the latest private equity and venture capital updates and of course on unquote.com.

Amy King
Senior Reporter, unquote"

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