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SPOTLIGHT: BLACKSTONE

SPOTLIGHT: DEBT

Private equity firms saddle up for private debt

Increasing numbers of private equity firms are attempting to squeeze into the financing space, but finding enough high-quality deals will be a challenge.

DATABASE

INVESTOR IN FOCUS

MOST READ

NUMBER OF THE WEEK

$23.9bn

Japanese private equity deal value hits an all-time high for the first nine months of 2017 (Bain & Co)

THOUGHT LEADERSHIP

PERSON IN THE NEWS

QUOTABLE

“I guess it’s just not the free lunch that people think it is.”

Michael Howard, head of Prudential Portfolio Management Group’s alternatives programme, on the pros and cons of the growing use of subscription credit facilities.

Fund restructuring: a source of friction

The fact that Apax Partners shelved plans for its GP-led secondaries process shows that LPs' desire a genuine 'do nothing' option.

A sensible Brexit, not soft or hard

Nick Campsie, a private equity investor and former Remain campaigner, on the unhelpful terminology of the UK’s negotiations to leave the EU.

Why changing interest deductibility could turn PE ‘upside down’

US GPs do not seem too concerned about a tax reform limiting interest expense deductibility.

The leadership challenge

GPs need to focus more on upgrading a portfolio company’s management team, argue Justin Allen and Dave Ulrich.

Vanilla or chocolate? How do you like your fund terms?

Despite the buoyant fundraising market, it still pays for private equity firms to give LPs options on terms.

PEOPLE

LP WATCH

Q3'S FASTEST ≥$1bn FUND CLOSES