Amanda Janis
A year after launching a secondaries desk, the global inter-dealer broker will start fundraising for private equity, hedge fund and other alternative investment vehicles.
AXA has committed €50m to the Carlyle spin-out’s fund – nearing an expected €180m final close – and will also co-invest the remaining €120m of its CEE fund with Resource Partners.
US early stage investors are strikingly upbeat on their future – and still working hard to convince legislators that VCs shouldn’t be lumped in with buyout funds, writes Amanda Janis
Recent vintages' ultimate performance will depend in part on their ability to refinance portfolio company debt, Chris Ailman recently told PEI.
Jim Davidson recently told PEI how semiconductor company Avago in four years went from an LBO critics thought was doomed to an award-winning IPO.
Markets have rebounded – and quickly enough to make 'low hanging' distressed opportunities scarce – but don't expect to see buyouts at 2007 levels, according to David Bonderman, Leon Black, Scott Sperling and Ted Virtue.
LPs speaking at a conference, including the CIO of CalPERS and the CEO for Guggenheim Partners Asset Management, stressed private equity's importance but flagged obstacles for LPs including high fees and discerning what is 'simply leveraged beta'.
The direct VC secondaries investor had $400m of interest from investors for its second fund.
The Paris-based firm, also in exclusive talks for some of Natixis' French private equity operations, has closed 'one of the largest secondary private equity transactions in history' with the purchase of a portfolio of mature fund interests.
The firm’s ‘recovery fund’ will target the more than €240bn in European buyout-related debt that will need to be repaid or refinanced in the next two to six years.