Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
The region’s mid-market private equity firms are being even more selective at a time when sector specialisation is key.
A recent continuation fund exit by TPG is further evidence that such vehicles can reward investors with the capacity and desire to roll over, or those who opt to back funds investing in these deals.
The investment arm of Peruvian conglomerate Grupo Romero will look to back Hispanic businesses across the Americas.
A portion of the NAV facility will be used to issue distributions back to LPs and is recallable if needed in the future, Private Equity International understands.
More capital is going into the hands of the biggest funds, and yet according to research shared with PEI, LPs are turning their attention to the lower end of the market.
Megafunds raised between Q1-Q3 this year include vehicles by CVC Capital Partners, Apollo, Permira and Warburg Pincus.
Lead buyers in some recent transactions have been able to negotiate a less than 1% management fee, according to a paper from Proskauer.
The Blackstone chief executive shares five pieces of advice – including his 10% rule when it comes to valuations – with Private Equity International.
Investing in the luxury consumer sector is about more than simply picking a trend or relying on the luck of timing.
Industry heavyweights anticipate a wave of capital to come into private markets asset classes in the coming years – a dynamic that seems inescapable.