September 2013 Issue
Canada: Not just the 51st state
Canada's private equity activity has slowed – but the country’s GPs and LPs are well-capitalised and targeting opportunities.
Privately Speaking: Frank Tang of FountainVest Partners
CEO and managing partner Frank Tang discusses the maturing private equity landscape in China.
Nicholas Pye, Buyout Guy: Dull, dull, dull
Our hero reports on his summer holiday - aka a portfolio monitoring exercise - and delights in the fact that he gets to value his own deals.
INVESTOR BASE: Juggling J-curves
A study suggests J-curves can be used to predict performance from an early stage in a fund’s life.
LP Radar: Detroit’s private equity problem
Can Detroit keep up with capital calls from GPs after filing for protection under the bankruptcy code?
First Round: Kravisty of justice
Unidentified miscreants attempted to finagle cash from retail investors by pretending to be Kohlberg Kravis Roberts.
Briefing: Vietnam investment
Changing Asian dynamics are boosting private equity investment in Vietnam – perhaps more gradually this time around.
European venture seeks new Zenith
New funds highlight European venture capital’s need to innovate to attract new sources of funding.
Family offices: Not-so-silent partners
Family offices are increasingly discerning about how their capital is invested – partnering up instead of with private equity GPs.
US pension funds see happy private equity returns
Latest performances from biggest US public pension plans bode well for institutional investors’ returns in 2013.
Asian fundraising is more complex than it seems
KKR’s $6bn Asia vehicle redefines fundraising in the region. Is the bigger picture quite as positive?
Setter rolls out global liquidity rating
A new index may shed some more light on supply and demand in the secondary market.
NorthStar emerges as top RE secondaries player
The real estate secondaries market is increasingly liquid – thanks to the emergence of some non-traditional buyers.
China secondaries dealflow disappoints
Chinese private equity dealflow continues to stall without prompting hoped-for explosion in secondary market activity.
Study: Lack of LP pressure slows VC exits
Good news for secondaries players: LPs should be pushing harder to realise value from older venture funds.
Secondaries: A market shake-up
UBS lost chief Nigel Dawn, who joined Evercore – creating what could be an epic battle for mandates.
Secondaries: complex deals to increase
Secondary market valuations have risen and buyers are considering more complex deals to enhance their returns.
Deal Mechanic: Evoco repowers zombie NEI
Evoco restructures an ailing private equity portfolio illustrating one way the industry handles dysfunctional funds.
Secondaries: Where have all the big deals gone?
Secondary sales of $1bn plus have essentially disappeared – but a resurgence is expected before year end.
Secondaries: The year of the seller?
Secondary market deal activity declined dramatically in the first half of 2013, amid strong public markets. Secondary buyers have been waiting for the floodgates to burst open.
CPPIB is the world's biggest PE fund investor
The Canadian pension system tops the LP50 after committing almost $4bn in a single 12-month period.