http://www.privateequityonline.com/Global private equity news and comment5http://www.privateequityonline.com/article.aspx?aid=0&article=65882Former McKinsey & Company partner Mubasher Sheikh has been named head of Permira’s healthcare team, replacing Sally Flanagan, who will continue to work at Permira in a part-time capacity.http://www.privateequityonline.com/article.aspx?aid=0&article=65882Wed, 22 Feb 2012 15:50:48 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65871The private equity team of Turkish group Rhea Asset Management, led by Memet Yazici (pictured), has spun out to form TRPE Capital. http://www.privateequityonline.com/article.aspx?aid=0&article=65871Wed, 22 Feb 2012 01:29:45 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65870Advent, which raised €6.6bn for its prior global private equity fund in 2008, is preparing to issue a PPM on its seventh vehicle targeting €7bn to €8bn, sources said.http://www.privateequityonline.com/article.aspx?aid=0&article=65870Tue, 21 Feb 2012 22:51:11 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65868Record secondary deal volume is giving GPs the opportunity to broaden their investor base, according to panelists at Harvard Business School’s Venture Capital and Private Equity Conference.http://www.privateequityonline.com/article.aspx?aid=0&article=65868Tue, 21 Feb 2012 20:45:47 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65867Private equity and venture capital managers appear to play different roles in investments – PE takes over companies and VC buys small stakes. But the methods should be the same: to work with management to build better companies, writes Damien Lane.http://www.privateequityonline.com/article.aspx?aid=0&article=65867Tue, 21 Feb 2012 20:27:36 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65864A majority of GPs feel there is an expectation from their LPs to commit more personal capital into their own funds, but over a third say they are unable to access the capital to do so, according to a recent study.http://www.privateequityonline.com/article.aspx?aid=0&article=65864Tue, 21 Feb 2012 16:43:44 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65863Stimulating economic growth may be more important than short-term fixes for Europe’s debt woes as global investors like private equity managers may lose interest in countries where ‘you won’t get paid’, according to panelists at Wharton’s turnaround conference last week.http://www.privateequityonline.com/article.aspx?aid=0&article=65863Tue, 21 Feb 2012 16:42:35 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65880China’s real GDP growth should be forecasted to be just 5% over the next 10 years, according to Lombard Street Research.http://www.privateequityonline.com/article.aspx?aid=0&article=65880Tue, 21 Feb 2012 16:15:26 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65858Attacks on the industry could lead to ‘relative underperformance’ as firms shift resources to respond to critics, Carlyle co-founder Dan D’Aniello said at a recent conference.http://www.privateequityonline.com/article.aspx?aid=0&article=65858Tue, 21 Feb 2012 15:01:14 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65854BC Partners has raised the biggest buyout fund to be launched in Europe since the collapse of Lehman Brothers, having held a final close for BC European Capital IX at its hard cap of €6.5bn. http://www.privateequityonline.com/article.aspx?aid=0&article=65854Tue, 21 Feb 2012 12:08:09 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65849The SEC is looking into how GPs mark their assets amid concern that trumped-up valuations could be used in fundraising pitches. Its interest could help advance the discussion around the need for greater clarity around valuation methods. http://www.privateequityonline.com/article.aspx?aid=0&article=65849Mon, 20 Feb 2012 19:27:41 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65848Falling average fund sizes, a pronounced North / South divide, and an increasingly polarised marketplace: a new Acanthus report suggests the record number of European mid-market GPs fundraising this year will find the going extremely tough. http://www.privateequityonline.com/article.aspx?aid=0&article=65848Mon, 20 Feb 2012 18:55:43 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65845Palio Capital Partners is trying to fill the lending gap for UK SMEs by providing senior debt and mezzanine loans with its new fund. http://www.privateequityonline.com/article.aspx?aid=0&article=65845Mon, 20 Feb 2012 17:18:36 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65843Less than a year after acquiring a North African private equity fund, Dubai-headquartered Abraaj Capital has broadened its horizons considerably with the acquisition of emerging markets specialist Aureos Capital. http://www.privateequityonline.com/article.aspx?aid=0&article=65843Mon, 20 Feb 2012 13:41:47 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65836The $80.4bn pension system has committed up to $1.05bn to funds targeting opportunities in Asia, Europe and distressed debt.http://www.privateequityonline.com/article.aspx?aid=0&article=65836Fri, 17 Feb 2012 22:06:23 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65834US financial institutions want to unload impaired assets as they have become more willing to take write-offs and are pushed by regulations, while European institutions are slowly moving toward de-leveraging, according to delegates at a recent industry conference. http://www.privateequityonline.com/article.aspx?aid=0&article=65834Fri, 17 Feb 2012 21:26:12 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65830Larger deals in the North American mid-market last year commanded greater valuations relative to earnings than their smaller counterparts, research shows, while the amount of leveraged used has also been rising across the whole of the segment.http://www.privateequityonline.com/article.aspx?aid=0&article=65830Fri, 17 Feb 2012 17:06:00 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65827Iconic Australian surf brand Billabong has rebuffed a A$765m ($823m) offer from buyout firm TPG, paying down debt by offloading a subsidiary to Trilantic Capital Partners instead. http://www.privateequityonline.com/article.aspx?aid=0&article=65827Fri, 17 Feb 2012 16:32:54 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65883Occupy Wall Street protestors have submitted a detailed response to the Volcker Rule, arguing for stricter relationships between banks and private equity firms. http://www.privateequityonline.com/article.aspx?aid=0&article=65883Fri, 17 Feb 2012 16:28:50 GMThttp://www.privateequityonline.com/article.aspx?aid=0&article=65822Summit has invested in German online trading platform 360T at a time when PE firms are increasingly attracted to financial technology businesses. http://www.privateequityonline.com/article.aspx?aid=0&article=65822Fri, 17 Feb 2012 13:24:29 GMT