Isobel Markham
Isobel Markham is Editor of Private Equity International, overseeing the editorial content of the monthly magazine and contributing news and analysis for PrivateEquityInternational.com. Based in New York, Isobel works closely with private equity-focused colleagues across PEI Media’s offices in New York, London and Hong Kong. She is a graduate of Columbia University’s Graduate School of Journalism.
At the BVCA Summit 2016, investor relations partner Marc St John said overloaded funds would inevitably lead to lower returns.
.jpg?id=19327353363 "BVCA Summit: LPs must make room for new funds")
Data from Cambridge Associates show first and second funds to be some of the best performing, with sector-focused offerings losing less money than generalists.
After appointing its first London head in September, the firm has added a corporate veteran to its bench.
The fund, focused on the Spanish mid-market, was raised in less than six months.
Dushy Sivanithy, who spent 10 years at fund of funds Pantheon, joins the placement agent and advisor from UK development finance institution CDC Group.
The close of the West Africa-focused fund comes amid a muted year of fundraising for Africa.
The Paris-based buyout house has reached its target for the fund, and is on-track to hold a final close by year-end.
The UK-focused firm extended the fundraising by six months to take account of investor uncertainty around the UK’s EU referendum.
The pan-African firm is acquiring a 49% stake for $55m from AfricInvest and the founding family.
.jpg?id=12885377720 "HarbourVest to delist from Euronext Amsterdam")
HVPE, a listed fund of funds that invests in and alongside HarbourVest-managed funds, transitioned to the main market of the LSE last year.