November 2009 Issue

Some high-profile individuals can move easily between the worlds of politics and private equity. We identify leading examples of the breed from a US perspective

LP intelligence from PrivateEquityOnline and PrivateEquityConnect 2009-11-01 Staff Writer ALLOCATION CHANGES Shell Pension Fund UK is considering a new 5 percent allocation to alternative assets. This will cover hed

ASSET CLASS: FUNDS IN MARKET 2009-11-01 Staff Writer ASSET CLASS: FUNDS IN MARKET NAME OF FUND NAME OF

The new chief of an Alberta pension has decided to follow the lead of other Canadian LPs when it comes to investing in private equity

But will buyers be able to meet its price expectations?

The Oregon Investment Council has taken the lead in demanding more LP-friendly concessions

When can an LP be sufficiently confident to back a first-time fund? Sam Robinson reveals how a due diligence minefield awaits – and also how a select few will finally reach the other side

One of Southeast Asia's fastest growing economies is attracting interest again, but it's too early to say the corner's been turned

Ex Apax professional Stephan Wilcke assumes a sensitive role as the UK Asset Protection Scheme's new chief

Barclays is seeking to exploit a “gap in the market”

The developing world is commanding an ever larger slice of the private equity pie

With the flow of institutional capital to venture funds slowing to a trickle, government is considering taking the lead

Two former CalPERS executives are now placement agents under investigation

New deal flow in the UK private equity market reflects the economic cycle

Private equity returns are down 40% from two years ago

In times of trouble GPs put the call out for deep sector expertise

The number of private equity representatives on the boards of some portfolio companies is raising questions

The Directive on Alternative Investment Fund Managers seems to have departed entirely from the guiding principles in which it was rooted

The architect of Lehman Brothers' private equity strategy is to head a new investment business with the firm that advised on its overhaul in bankruptcy

The world this month 2009-11-01 Staff Writer FUNDRAISING WINNERS AND LOSERS HELLMAN & FRIEDMAN CLOSES $8.8BN FUND The San Francisco firm has raised the year's second-largest fund which, at $8.8 billion, i

Kevin Albert worries about the future of the industry he helped create

LPs are increasingly resentful of GPs who cling to this revenue source

Whisper it quietly 2009-11-01 Staff Writer Are the worst times behind us, as Blackstone Group chief executive Stephen Schwarzman suggests? Certainly, his own firm's recent activity provides some room for optimism: the €2.6 billion sale of Orangina Schweppes to Japan's Suntory Holdings and the $2.7 billion ac

Candover has had the toughest time in its 29-year history. Toby Mitchenall examines the events that have pushed it to the edge and asks what the future may hold

IN MEMORIAMLionel Pincus: 1931 ? 2009 2009-11-01 Staff Writer Lionel Pincus, the founder of global prvate equity firm Warburg Pincus, died in October aged 78. Pincus formed Warburg Pincus, one of the largest private equity firms in the world today, via the 1966 merger of Lionel I Pincus & Co,

Fish tacos: a fresh LBO idea 2009-11-01 Staff Writer Many of our European readers can be forgiven for having not heard of fish tacos because, truth be told, possibly 70 percent to 80 percent of our North American readers are similarly and sadly unaware of this great culinary innovation.

Should Guy be following the herd? 2009-11-01 Staff Writer Terra Firma has decided to round up some more cattle by paying A$48 million ($40 million) to add Wrotham Park, a cattle ranch in North Queensland, Australia, to the A$425 million Consolidated Pastoral (CP) acquisition it completed in May. CP is Austra

Multi-tasking Myners 2009-11-01 Staff Writer There seems to be some confusion over Lord Paul Myners' role within the UK government. Officially, the veteran businessman was appointed Financial Services Secretary in October 2008 – just in time to work on the UK's emergency £500 billion (€548 billion; $820 bill

The new annex fund raised by Investindustrial has brought limited partners closer to the investment process