July 2016 Issue

With the EMI chapter now closed, Terra Firma’s vice-chairman and head of portfolio businesses Justin King explains how the reshaped team is moving beyond the conventional private equity space.

These LPs may have made a commitment to your last fund, but due to strategy shifts, manager consolidation or market sentiment, there’s no guarantee they’ll be there when you return to market.

These would-be private equity investors have yet to commit wholeheartedly to the asset class, but if they did the impact would be significant.

The PEI team spotlights key investors in the private equity asset class, reveals tomorrow's stars and analyses why some some stalwarts could be dialling back.

Five investment decision makers who have switched sides in the last 12 months.

These US pension plans are outperforming their peers in private equity, according to the American Investment Council.

The Riverside Company is encouraging its employees to scoot.

Does the US's biggest cupcake franchise offer a clue to how GPs can run their portfolio companies.

The scion of a private equity empire is moving into the Playboy mansion.

With Germany’s dealmaking environment stuck in the doldrums, industry experts say it no longer makes sense to view the country as a standalone market.

PEI was in the High Court of Justice to witness the collapse of Terra Firma's case over its ill-fated acquisition of EMI.

Inside the courtroom as Guy Hands revealed an insight into the world of boom-era deal-making.

CalPERS has brought almost $10bn in private equity and real estate fund stakes to market since 2007 and shows no signs of slowing.

Electra Private Equity brought a partnership dating back 25 years when it served notice on its investment manager.

The private equity industry is starting to focus on a new opportunity: the private equity industry itself.

The number of ‘fundless’ players is growing. But why they are proving attractive to GPs and investors?

Investors are looking at Spain again as the economy continues to grow and local companies thirst for capital.

3i Group turned the owner of baby products business Tommee Tippee from a local favourite into a transatlantic household brand.

Mexico is a rising star in private equity, but it currently limits its pensions to investing within its borders.

Private equity is targeting South Korea’s tech-savvy, newly rich consumers.

LPs are changing the way they assess their managers, and while due diligence should start with the numbers, it certainly should not end there.

As money pours into the asset class, it’s getting tougher for both GPs and LPs to find the right opportunities.

Assessing the risk-return profile of private equity holdings is a challenge for CIOs. In an extract from a recent research paper, Alexandra Coupe explores the most suitable proxies.

European and UK regulation is deterring investment in businesses and commitments to funds.

The rise in oil prices has brought sighs of relief from GPs and renewed interest in US shale.

The Alternative Investment Fund Managers Directive is adding to fund managers’ regulatory burdens. P+P Pöllath + Partners examines some of the disclosure obligations.

Optimism is growing that limited partners have seen through the worst of the energy market cycle.

US pension fund Public Employees Retirement Association of New Mexico has been patiently riding out the tumultuous energy cycle.

Where in the world is best set to benefit from the renewables surge following the Paris COP21 accord?

A Swiss investor is gearing up to launch the world’s first fund dedicated to solving the intermittency issues plaguing renewable energy.

Distressed debt, shale gas and US oil producers are among the targets for first-time energy funds.

Advances in technology have turned clean energy into one of the most attractive investment opportunities in emerging markets, says Actis co-head of energy Mikael Karlsson.

The big energy funds have outperformed fundraising expectations over the last four years.

Implementing the Paris climate agreement is compatible with thoughtful fossil fuel development, says energy-focused private equity firm Azimuth Capital Management.

Successful energy investing requires examining overlooked areas that have lasting long-term impacts, says Doug Kimmelman, the founder of Energy Capital Partners.