April 2011 Issue
Don’t be a JAFOF
Increasingly, ‘just another fund of funds’ may become an endangered species, as fundraising statistics forewarn, writes David Snow
Reassessing the ‘Golden Age’
The mega-deals struck in the boom period of 2005 to 2007 look set to confound the critics and outperform the market, writes Skandia Life’s head of buyouts, Adalbjorn Stefansson.
Fund Structures 2011
An in-depth report on the many factors shaping private equity fund structures today, including changing tax regimes, regulatory developments and LP demands.
A public recovery
Listed private equity vehicles are riding a wave of favourable trends following a near drowning in the market.
Letter from … Geneva
BC Partners’ €4bn fund close was a ray of light for the GPs at March’s EVCA Investors’ Forum in Geneva, especially those among the large crowd getting ready to raise a new fund. Toby Mitchenall reports
The report card
Several firms have successfully attracted capital from limited partners in an uncertain fundraising environment. Success in closing their funds on or above target – in relatively short periods of time – has to do with several factors, but the common denominator is always performance. Here, we look at a few of the groups finding favour with limited partners. Christopher Witkowsky reports
Deals in a hot climate
GPs in France are continuing to wrestle with high prices, writes Toby Mitchenall
Taking stock after the quake
Recent events are likely to interrupt the spike in activity Japan’s private equity industry had been enjoying, but managers have more pressing concerns
Building the business
Partners Group employs more than 450 staff, has more than €20bn under management and invests across various asset classes. Chief executive officer Steffen Meister tells Toby Mitchenall why the investment team headcount needs to double in the next five years
Diminishing returns
European VC has a bad reputation and the latest performance numbers won’t help. Is it really worth LPs’ attention?
No JAMBOs
With so many mid-market fund managers, it can be difficult to distinguish between those firms with a truly unique niche and those dubbed ‘just another mid-market buyout’ shop. Graham Winfrey recently spoke to LPs to find out which mid-market firms were standing out from the crowd
‘Something is going to give’
Landmark Partners’ Ian Charles tells PEI why his firm is preparing for a ‘significant restructuring’ of the private equity industry
Leading the charge
On the first day in his new job, BVCA chief executive Mark Florman sat down with PEI to run through his to-do list.
From small acorns
Last month KKR appointed Ralph Rosenberg to the new position of head of real estate investing, but don’t expect multi-billion real estate fundraisings just yet.
Capital International targets $2.5bn for emerging markets
The veteran emerging markets investor is making a 5% GP commitment and will offset management fees with transaction fees for its Fund VI.