February 2017 Issue
Privately Speaking: Michel Paris of PAI Partners
PAI Partners was nearly destroyed by an internal dispute in 2009. Eight years later, it is deploying its over-subscribed sixth fund. The firm’s head talks about the comeback.
First Round: Four of a kind
Private equity professionals from Forbes' 30 under 30 worked on the Heinz/Kraft merger and the acquisition of NFL On Location. PEI picks out the bright young stars
First Round: National Funding League
The NFL Players Association has launched a venture group to back start-ups - using its members' image rights as currency.
First Round: Rambling in Switzerland
Why everyone in private equity should subscribe to the country's Private Equity and Corporate Finance Association newsletter.
Listed private equity: 3i's transformation
3i’s private equity team has undergone a dramatic transformation, like the wider listed group, and it has started to yield results in the portfolio – and the share price.
Listed private equity: Shaking up and thinning out in Europe
Underappreciated and misunderstood. Where do listed private equity trusts go from here?
Listed private equity: Winning hearts and minds
A decade after some of the industry’s giants listed their stock on public exchanges in the US, firms are yet to persuade retail investors they are a good buy.
Listed private equity: World domination
The listed private equity association wants to bring the asset class to 'millions' of people. The first step is doubling its membership in 12 months.
From private equity to the White House
Donald Trump is looking to the asset class for advice.
L Catterton: Fund after fund after fund
The L Capital-Catterton combination shows no signs of slowing down.
IPO market: The tide is turning
The IPO market could see a revival in 2017.
Richard Fenning: The year of living dangerously
Specialist risk consultancy Control Risks’ chief executive, Richard Fenning, lays out what businesses will have to plan for in 2017.
Deal Mechanic: Adapt reprogrammed
By the time Lyceum Capital exited cloud-hosting business Adapt, the company had undergone a metamorphosis.
Political risk and private equity: Autocratic for the people
A wave of populist parties is sweeping Europe, but what does that mean for the EU? And how are reforms in other countries affecting private equity?
Tearing down the Dodd-Frank Act
The Securities and Exchange Commission’s focus is likely to switch from implementing the Dodd-Frank Act to unravelling it.
Data Room: Only way is up for fundraising
LP capital continues to flow into the asset class, and the flood seems unlikely to slow.
MBK: Between a rock and a hard-cap
A founder leaving and a product recall would usually mean a rough time for a firm, but MBK ended the year with one of North Asia’s quickest fundraises.
Where are they now? Hanneke Smits
Where are they now? Hanneke Smits
Responsible Investing: Why ESG matters to investors
Limited partners believe that embedding environmental, social and governance within a fund manager’s culture can create value.
Responsible Investing: Justifying ESG
For GPs that want to strengthen environmental, social and governance practices at their portfolio companies, linking outcomes to financial performance is the challenging next step.
Gender diversity: Karmijn Kapitaal redresses the balance
Karmijn Kapitaal is delivering returns by investing solely in businesses that have gender diverse managements.
ESG due diligence: Which tools can identify the issues?
The importance of environmental, social and governance issues continued to grow in 2016, and several new tools to help fund managers navigate the area were brought to market.
LP view: APG Asset Management's personal approach
APG Asset Management has created its own tool to assess fund managers’ ESG capabilities, says senior sustainability specialist Marta Jankovic.
What it takes to work in ESG
As more private equity firms hire ESG heads to hone their responsible investing strategies, we look at what is needed to succeed in this increasingly crucial role.
GIIN Impact Investor Forum 2016: When finance is a force for good
The world’s largest-ever gathering of impact investors provided tantalising evidence that a more proactive approach to responsible investing may be starting to pay dividends.
GIIN Impact Investor Forum 2016: 10 things we learned
The impact investment sector has reached a ‘tipping point’ but barriers to growth and worries over exits remain.
Last Word: Mark Florman looks outside the box
Companies need to open themselves up to outside assessments to gauge their true social impact, says CEO of Time Partners and social activist Mark Florman.
Expert comment: Permira on driving sustainable value
When it comes to driving returns at portfolio companies through ESG initiatives, risk mitigation and value creation are not necessarily separate, says Permira’s head of environmental, social and governance Adinah Shackleton.
Expert comment: Actis on how values drive value
ESG is not just about mitigating risk, it is also a proven way of boosting returns, says Actis head of responsible investment Shami Nissan.
Expert comment: Ardian on sharing responsibility
Ardian’s head of CSR and responsible investment Candice Brenet describes how the firm aims to be a true partner to its portfolio companies.
Expert comment: ERM's recipe for ESG success
A survey by ERM demonstrates how ESG factors are being used to create value.