October 2012 Issue
Romneywatch: Pomp and awkwardness
As politicos partied in Tampa and Charlotte, one Republican decided to muddy the waters of the carried interest debate, writes Sam Sutton
On the Record: Wilken von Hodenberg, Deutsche Beteiligungs
So much for the tough European fundraising environment – listed German group Deutsche Beteiligungs just raised €700 million for its sixth fund in just four months, expanding its investor base both in the US and Asia. PEI asks managing partner Wilken von Hodenberg how the firm managed it
Impact investing: If Oxfam did hedge funds…
Oxfam and Symbiotics’ innovative new fund hopes to stimulate job creation in developing countries by funnelling investor money to financial intermediaries, writes James Taylor
Deal Mechanic: Modern Dairy, KKR
During the past four years, Kohlberg Kravis Roberts has turned Chinese portfolio company Modern Dairy into a cash cow thanks to a series of operational initiatives. Graham Winfrey reports
Privately Speaking: John Arney, Arle Capital Partners
It’s three years since the infamous demise of Candover Partners. James Taylor went to meet John Arney, managing partner of its successor firm Arle Capital Partners, to ask where his old firm went wrong – and how his new firm intends to convince LPs of its merits as an independent entity
Debt funds look to plug credit gap
The withdrawal of traditional debt providers is a challenge for the industry – but it’s an opportunity for credit funds, writes Yolanda Bobeldijk
Lone Star’s Korea crisis
As Lone Star prepares to take on the South Korean government over its ill-fated investment in Korea Exchange Bank, Drew Wilson examines how it all went so wrong
First Round: Tall tales
Odd though it may seem, research suggests that taller people do better in life.
Israel on Cloud nine
The current obsession with the Cloud is good news for Israeli technology companies – and their venture backers. James Taylor reports
Pensions mull new pay models
A growing number of public pensions are exploring performance-based pay for investment staff in a bid to staunch their ongoing talent drain, writes Sam Sutton
CalPERS’ emerging manager problem
CalPERS’ apparent move to reduce its support for emerging managers has got the massive pension system into some political hot water.
LP Radar: Zombie dilemmas
It’s not surprising LPs get irate about the terms of fund restructurings. But ultimately, they need to be grateful that the market is offering them some kind of way out
Benelux: A little less Low
As the Benelux economies remain flat-lined, deal flow is slowing down. But whilst political uncertainty is adding to the market volatility, fundraising is surprisingly up and nearly hitting pre-crisis levels, writes Yolanda Bobeldijk
Crowding out in Switzerland
Despite a robust economy, overcrowding and currency issues are taking their toll on the Swiss deal market
Venture philanthropy: Time to make an impact
Ahead of EVPA’s annual conference, director Anne Holm Rannaleet talks about some of the ways private equity can start to get involved in venture philanthropy
Private to Public:One voice for Ankara
Turkish private equity needs to get organised to communicate more effectively with the government
Nicholas Pye: Of gods and men
Where our hero recounts his past two meetings with the legendary John Leviathan, buyout boss extraordinaire