April 2015 Issue
Investor base: New ventures
LACERA is increasing its focus on private equity, with a special eye on backing late stage venture funds
On the Record: Hilton Mervis
King & Wood Mallesons partner Hilton Mervis analyses recent trends in private fund dispute resolution, and examines how GPs can take steps to avoid potential litigation
LP Radar: Like a whole other country
The Texas Teachers Retirement System is undertaking a plan to remodel itself in the mould of a sovereign wealth fund
An improving prognosis
Healthcare models are changing in the US, creating new opportunities and some big exits for GPs
Turkey: Out of favour, but best not ignored
Political tension and economic volatility have dulled LPs’ investment appetite for Turkey. But for investors with a longer-term view, there are still a number of enticing factors in its favour
Long voyage ahead
Private equity firms are interested in shipping, but industry veterans warn that patience is the order of the day
Chinese E-commerce: A big payout
The rewards are there, but PE investors must select their investments carefully in China’s diverse and rapidly expanding internet sector
Back from the brink
Forced to halve its previous fund after a management reshuffle triggered a key man clause, PAI faced a tough road ahead with its sixth fundraise. Far from the lacklustre performance some industry insiders anticipated, the Paris-based buyout house surpassed even its own expectations
There’s a place for VC, but adjust your expectations
It’s time to wipe the slate clean and stop earlier misguided investment models from starving the cleantech market of much-needed risk capital
Fundraising: Two speed market
Despite high levels of capital continuing to be returned to investors, and fewer deals afoot, many PE experts believe conditions remain benign for firms hitting the fundraising trail in 2015
The new kids on the block
Against a more benign backdrop for fundraising in recent years, there has been an increase in spin-outs and first time funds trying their luck on the fundraising trail. Who are some of these teams? And will they successfully raise capital?
Privately Speaking: William Jackson of Bridgepoint
As Bridgepoint prepares to close its latest buyout fund on €4 billion, managing partner and industry veteran William Jackson tells PEI why Europe is back on investors’ maps — and why private equity deserves a break
Pleasure and pain: Phoenix, Blackstone and co-investment
Our pick of memorable moments of the month just gone