Amanda Janis
Amanda is the Director of Product Management for PEI, whose editorial titles include Private Equity International, Secondaries Investor, Buyouts, PE Hub, VCJ, Real Estate Capital, Private Equity Real Estate, Agri Investor, Infrastructure Investor, Private Debt Investor, Regulatory Compliance Watch and Private Funds CFO. She was previously the company's Group Managing Editor.
The global mid-market firm has done Brazil’s biggest private equity deal this year with the purchase of a 30% stake in CETIP, the largest central depository for private fixed income securities and over-the-counter derivatives in Latin America.
LPs must seize current market conditions as a chance to push back on terms and secure better alignment of interests, Joe Dear said at a conference in LA. Fellow panelist Harold Bradley, CIO of the Ewing Marion Kauffman Foundation, lamented 'we are feeding a fee machine'.
GPs must aggressively analyse and restructure portfolio companies' capital structures before they reach emergency stages, Marc Rowan said at a conference in Los Angeles yesterday. The private equity industry will be one of the most challenged during this economic cycle due largely to the 'looming' maturity of debt for levered companies, he added.
Private equity veteran Tom Lee said his firm is looking to invest without leverage in both 'good' and 'bad' banks. Meanwhile, Apollo is eyeing various credit opportunities including providing DIP financing and LBO loans, as well as buying debt in companies it 'knows well' like former portfolio company Intelsat.
The Blackstone spin-out has already held a first close on its second fund to focus on direct venture capital secondaries. It recently acquired stakes in nine new companies including Facebook, Zappos and eHarmony.
PEO’s parent has been recognised in the prestigious awards’ international trade category. London-based PEI Media now has customers in 80-plus countries and has more than doubled its overseas revenues in the past three years.
Lower fees, smaller funds and lots of GP communication top LP wish lists, writes Amanda Janis.
The buyout industry’s energy-focused veteran continues to prove LPs are keen on energy, topping its own record for the largest energy fund raised to date. The final close comes less than a year after it went to market, though is less than its $12bn target and $16bn hard-cap.
Twenty months after investing $500m in dermatology company Stiefel, the 162-year-old US company has been sold to GlaxoSmithKline.
The UK mid-market investor has sold Transmission & Distribution Group 15 months after backing the company's management buyout. The deal represents an IRR in excess of 40%.