Alex Lynn
Dividend recaps and a favourable exit environment are causing LBO funds to deliver liquidity earlier, according to eFront data.
GPs must be prepared to ramp up checks and balances to bring LPs on side, Neuberger Berman and BC Partners executives told the British private equity conference.
Henri de Castries – who led the €1.4trn French insurance giant from 2000 to 2016 – will provide the firm’s board with new relationships and strategic guidance.
Abraaj’s joint provisional liquidators identified 367 pieces of artwork held in the company’s name, with an insured value of $22m, per creditors’ documents.
Complexity, opacity and a lack of standardisation have slowed efforts to improve reporting, a conference has heard.
Firms raised more than $259bn between Q1 and Q3, marking the lowest total since 2015 for the same period.
Cinven, Apax and Permira are among those due major raises in the next 12 months, forcing investors to make tough decisions.
The lender’s head of global fund banking for EMEA tells PEI about the implications of the Abraaj Group saga, enhancements in underwriting, changing LP bases and fee structures.
Electra Partners rebranded as Epiris in December 2016 after being served notice from the listed investment trust whose portfolio it had managed for 30 years.
The sovereign wealth fund’s $7.2bn private equity and special opportunities portfolio returned 32.7% for the year ending 30 June.