34 articles found within the last year.
Displaying results 1 - 20
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Debt defaults hit record but expected to slow
Default rates of low quality debt at European ... Rating agency Standard & Poor’s expected the number ... The figure, which followed the agency’s last reported ... The research tracks companies in the EU, Norway, ... The aggregate outstanding debt held by the 81 ... The acceleration in defaults followed the collapse of...
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Endowments' over-exposure to private equity may affect fundraisings
Over a quarter of endowment plans, one of ... Endowments are the foundation of many buyout fundraisings, ... The research group found that 27% of the ... Some investors over-allocated to private equity during the ... Larger endowments were more likely to be over-exposed, ... Against that backdrop, some large institutional investors have...
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Blackstone in negotiations to restructure $20bn debt at Hilton
Blackstone Group has begun talks with lenders to ... The talks are part of a restructuring of ... The talks are another sign of the turmoil ... In the Hilton negotiations, Blackstone is considering contributing ... Blackstone funds and co-investors originally put up $5.6bn...
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Finnish fund returns to test investor appetite
A Finnish private equity fund of funds whose ... Pohjola Private Equity Funds, a lower mid-market firm ... A spokeswoman for CCP Capital Partners, which Pohjola ... The firm has set a €150m ($225m) target ... The fund will look to invest in 15 ... Pohjola tried to attract international investors for its...
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Italian group raises Europe’s largest cleantech fund
Italian company Ambienta has raised Europe’s largest private ... The fundraising marks the firm's first fund and ... Ambienta's chief executive Nino Tronchetti Provera, who set ... Tronchetti said: "This first closing in hand gave ... He added that the majority of the remaining...
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Investors prospect for untapped riches in Latin America
An old Mexican proverb goes: “The devil knows ... For three decades, Latin America was associated with ... The main countries private equity targets in the ... Julie Katzman, general manager of the Multilateral Investment ... Katzman was speaking at the Latin America Venture...
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Debt drought drives private equity firms to lend
Nordic Capital has become the second private equity ... Nordic Capital saw off competition from 50 industrial ... Per Johanson, chief executive of Master Marine, said: ... Under the terms of the deal Nordic Capital ... The 100 existing shareholders in Master Marine, including...
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Senior buyout duo sign-up for charity push
A UK-based group that raises money from private ... The Private Equity Foundation has appointed Nikos Stathopoulos, ... Stathopoulos, a former Financial News Rising Star, became ... Bonomi joined the advisory group of Investindustrial, which ... The duo join eight other board members including...
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Ex-Bear banking chief seals first deal with new boutique
The boutique investment firm co-founded by Bear Stearns’ ... BLM Partners, which was founded earlier this year ... AEG Power Solutions was previously owned by Belgian ... The acquisition was arranged through a rare reverse ... Lahnstein said: “We are delighted with the successful...
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Buyout firms increase their commitment to charity
Private equity firms’ charitable giving is gaining momentum, ... The research by sister publication Private Equity News ... Such institutions run by Europe’s top 20 firms ... Other firms that have run longer-established charities are ... They had donated, on average, £437,000. ...
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Banking inertia threatens plague of zombies
Banks’ continuing reluctance to finance new deals or ... A day after it emerged buyout firm Silverfleet ... The data showed the percentage of European companies ... Seniors lenders’ reluctance to restructure bad loans and ... Financial News and sister publication Private Equity News...
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Investcorp hedge funds assets halve in loss-making year
Bahrain-based Investcorp has become the latest private equity ... Investcorp’s hedge fund assets halved in value from ... The group said the fall in the value ... Investcorp was one of the early private equity ... Other private equity firms such as the Carlyle ... The assets managed by Investcorp’s private equity business,...
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Investors shied from new private equity commitments
The majority of investors in private equity funds ... In a bi-annual investor sentiment survey of 100 ... The reduction lead to a drop in fundraising ... Helen Kenyon, manager of investor data at Preqin, ... “This, combined with current market uncertainty, meant almost ... Preqin said it expected investor appetite for private...
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LGT ahead of schedule with secondaries fund
A Swiss-based private equity fund of funds has ... LGT Capital Partners has raised $268m (€189m) for ... Tycho Sneyers, partner at LGT, said: “With a ... Crown Global Secondaries II follows LGT’s previous secondaries ... The first close, which enables a vehicle to ... Figures from Preqin show firms took an average...
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Spotlight falls on private equity's A-listers
Private equity firms are branching out of their ... Research by Financial News has found that one ... These include music artists Lily Allen, Kylie Minouge ... In addition, music mogul Simon Cowell, TV presenters ... Other examples are actress Joanna Lumley and celebrity ... Ramsay’s investment vehicle, Gordon Ramsey Holdings, works closely...
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Investors push for improved terms on funds
There have been better times to raise a ... Globally, the number of funds raised in the ... The lack of uptake by investors for these ... Mark Spinner, head of private equity at law ... It is therefore not surprising that in a ... Michael Russell, head of Europe at gatekeeper Altius...
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Buyout firms take $1bn hit on fees
The world’s biggest buyout firms are set to ... Large firms have succumbed to pressure to lower ... It is the lowest management fee level for ... Nick Arnott, a managing director at Preqin, said: ... He added the fee rate could drop further. ... The fee drop is due to a combination...
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Top duo exit Russian broker after rocky nine months
Two senior managers have left Troika Dialog after ... The chief executive of Troika Dialog’s UK business, ... Snell resigned from Troika this week but will ... Pukas, who is leaving along with two colleagues, ... His responsibilities as managing director and chief investment...
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Listed private equity stocks rally 47% in two months
Listed private equity stocks have rallied three times ... The LPX UK index, which tracks listed private ... Both listed private equity indices bottomed out on ... Cazenove analyst Christopher Brown said in a report, ... “The markets appear to be pricing in a ... However, Brown warned net asset values – the...
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Investment manager hires former Stanford team
A US investment manager has hired three former ... Baird, which runs practices including private equity and ... Vollen worked at Stanford Group from April last ... US regulator the Securities and Exchange Commission filed ... Federal agencies had had Stanford on their radars...
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