May 2009 Issue
The PEI 300: 2009
Private Equity International’s third annual ranking of the world’s largest private equity firms.
Ripple effects
Commentary on the month's hottest private equity stories by Amanda Janis, editor of PrivateEquityOnline
‘I've rarely seen our life science team so excited’
Index Ventures, which has offices in Geneva and London, is widely considered to be one of Europe's leading venture capital firms – an impression furthered when it closed a new €350 million fund for early-stage investment in March this year. PEI caught up with Index partner Bernard Dallé to get his take on market conditions and where opportunities lie
The solution, not the problem
European private equity has a right to resist heavy-handed regulation, argues leading private equity lawyer Simon Witney
Rules of the game
What the PEI 300 does and does not measure
How to beat the banks
It might be time for GPs to reassess the relationship between portfolio companies and their lenders. Restructuring specialist Andrew Watkins explains why
Credit flow begins to strengthen
There are banks out there willing to lend but only if you can meet certain criteria. Andy Thomson discovers what these are
Facing life without leverage
Four leading fund investors tell Philip Borel what the global crisis means for private equity, and what the industry must do now to find the right response
Tennessee takes a bow
A US pension fund cites diversification as the reason for its move into private equity. Christopher Witkowsky finds out more
Suing your supporters
A lawsuit by private equity firm CapGen against two of its limited partners may be a sign of things to come, reports Kevin Ley
An attractive write-down
A pen that records conversations at the same time as they are noted down has proved a hit with investors
British and bullish with it
The mood is chirpy at newly independent Albion Ventures as it lobbies the government for better tax treatment. Matilda Battersby reports
Peruvian fund picks up pace
Enfoca Investments, which focuses on fast-growing but unpenetrated sectors, is closing in on $100 million
A taste for waste
Fledgling buyout firm Marlow Capital is the latest player to tap into the infrastructure bonanza
Mapping the hotspots of Africa
A new index ranks the continent's 53 states in order of investment potential, and puts Nigeria top
Shopping in Dubai
Why US-based Hilco Consumer Capital has chosen Dubai as its international launch pad
Moving onto the frontline
One firm wants to be first into Iraq to gain an advantage over more cautious rivals
New dawn or false dawn?
Asian private equity deal value has risen, but questions remain over the significance of this
A mysterious case of optimism
International private equity funds are hoping to find Australia an oasis of liquidity. They may end up disappointed
The scramble for lifelines
A US funds of funds manager has pulled itself out of hot water, reports Amanda Janis. Will others find a way to do the same?
Guidance for the good
Industry practitioners and corporate veterans want to fine-tune the leadership skills of charity chiefs
Big deals can still happen
Opportunism and careful negotiation have allowed CVC to prove that there's still life at the larger end of the market
Suspect package
Pre-pack administrations are often shrouded in controversy, but is there a better option?
Happy to have missed target
Speaking exclusively to PEI, pan-European private equity firm Silverfleet Capital reveals it has closed its first independent fund on €665m. Andy Thomson reports on why the firm is relieved that an initial €1bn target was not reached
A great American story
A US mid-market firm went to Congress to persuade the political establishment of private equity's merits and stave off punitive legislation
Geithner threatens clampdown
US Treasury proposals could mean more government control and painful costs
Young guns blazing
The new generation thinks the industry's ownership and incentive model can help tackle the global recession
Waging war on sleaze
Why GPs must be merciless towards those who demand cash for access to pension business
You'll be hearing from my lawyer
Careful negotiation is a hallmark of the private equity market. Occasionally, however, a tougher approach is called for
We can still rule the world
We can still rule the world 2009-03-01 Staff Writer In these straitened times, it may be debatable whether private equity investors are any more seen as capitalist masters of the universe. But if you can't be a master of the universe, Chicago-based GTCR Golder Rauner has demonstr
Private equity haiku* of the month
Private equity haiku* of the month 2009-03-01 Staff Writer In the fourth of a series, PEI applies an ancient art form to a modern (private equityrelated) setting: Gulping down prime rib At the annual meeting Is it our l
Hellman's latest headline act
Hellman's latest headline act 2009-05-02 Staff Writer In light of real estate guru Sam Zell's admission that his buyout of the Chicago Tribune had been a “mistake”, Warren Hellman's apparent interest in acquiring the San Francisco Chronicle seems a co
The strange tale of a dramatic exit
The strange tale of a dramatic exit 2009-05-02 Staff Writer Regrettably, private equity losses may on occasion translate to job losses. However, the circumstances of Robert Rowling's departure from UTIMCO, which manages investments for the University of Texas, are far from typical. Row
Then there were 300
Then there were 300 Staff 2009-05-02 Writer Our job at Private Equity International is to help you connect intelligently with the best people, ideas and sources of capital in the global private equity market. At the risk of sounding immodest, I think we've delivered