Spin-Outs

Bain Capital veteran Andrew Balson tells Private Equity International why he focused his fundraising on endowments, foundations and family offices and didn’t offer co-investment opportunities.

The French private equity firm, which spun out of Massena Partners, plans to launch a fund of funds with similar flexible terms to its co-investment fund.

Oxx will focus on growth-stage investments in Europe and Israel’s B2B software market.

The Maryland-based firm will continue to manage the American Capital Equity III fund after the Ares acquisition, but under a new name.

The team joins asset manager Patrimonium three months after the successful restructuring of its 2007-vintage fund.

The new firm, Colmore, will be led by Ben Cook, who joins from fund administrator Ipes London.

US private equity market participants anticipate valuations to decline and deal flow to accelerate in the next 12 months, with a horizon set for possible regulatory and policy changes.

As it prepares to sever ties with its listed affiliate, the newly named Epiris, led by Alex Fortescue, is looking to raise fresh capital early next year.

The National Bank of Greece spin-out will focus on delivering returns for its two backers, chief executive Graham Thomas told PEI's sister title Secondaries Investor.

The UK-focused firm extended the fundraising by six months to take account of investor uncertainty around the UK’s EU referendum.