Nicole Idar Lee

Ex-Adams Street Partners CIO Hanneke Smits, who established and grew Adams Street’s business in Europe and Asia, replaces Helena Morrissey at the London-based investment manager.

The Institutional Limited Partners Association reiterated its stance after Republican presidential nominee Donald Trump said he would up tax on carried interest.

The American Investment Council criticised the Republican presidential nominee’s plan to end favourable tax treatment of carried interest, saying it shows a ‘lack of understanding’.

Dutch discount retailer Action – 3i’s largest investment – is now valued at 18 times earnings, up from 14 times at the end of 2015, but the outlook for European private equity returns is still uncertain.

The London-based placement agent aims to almost double its team in New York, from 12 to 20, by the middle of next year.

Sir Peter Westmacott, the British Ambassador to the US from 2012-2016, joins the London-based firm as it seeks to grow its US business.

The latest LP vote provides a way forward for the firm, which had paused fundraising following the death of founder Claudio Sposito in January.

Direct private equity assets reached $640bn, or 18% of the total managed by the top 100 alternative asset managers worldwide, according to Willis Towers Watson.

Private equity assets reached $640bn, accounting for 18% of total alternative assets under management worldwide, according to Willis Towers Watson. Direct private equity funds under management rose 6 percent to some $640 billion in 2015 as the global appetite for alternative assets continued to grow, research by advisory firm Willis Towers Watson has found. “There’s […]