EDITOR'S PICK

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SPOTLIGHT: MANAGER STRATEGY

HarbourVest more than doubles co-invest appetite – exclusive

The investment firm is seeking $2.5bn for HarbourVest Partners Co-investment V, exceeding the $1bn it targeted for Fund IV, Private Equity International has learned.

SPOTLIGHT: LP PERSPECTIVES

Perspectives 2018: Troubled by valuations

Historically high prices remain a big investor concern as we head into 2018, investors told our LP Perspectives Survey 2018.

DATABASE

INVESTOR IN FOCUS

MOST READ

NUMBER OF THE WEEK

$411bn

Capital raised by private equity funds in 2017 – the largest total since 2008.

THOUGHT LEADERSHIP

PERSON IN THE NEWS

QUOTABLE

“There is almost a denial as to what could possibly go wrong.”

Stephane Etroy, head of private equity at Caisse de dépôt et placement du Québec, tells PEI he is concerned that investors are currently “focusing on the fact that earnings of listed companies are still very solid.” 

Fundraising: not as easy as it looks

Lyceum’s decision to raise capital deal-by-deal shows bumper headline figures do not tell the whole story.

Decoding the CalPERS request for information

After rumours the US’s largest public pension fund was planning to outsource its private equity business, CalPERS has launched a search for potential partners. Here’s what we know so far.

Fundraising: fast, large and with a Japanese flavour

What Affinity’s $6bn ‘one-and-done’ tells us about the market in 2018.

EQT: PE needs to disrupt itself

Being creative and embracing new tools such as Artificial intelligence will be vital for investors in an increasingly competitive private equity industry, writes EQT’s head of equity Christian Sinding.

Happy New Year from the PEI team

Private Equity International wishes you a safe and prosperous New Year.

PEOPLE

Lyceum to lose seven partners – exclusive

Jeremy Hand and Simon Hitchcock will lead the UK private equity firm, while directors Adam Lewis, Luke Kingston and Martin Squier will become partners, PEI has learned.

LP WATCH

TOP 5 TMT-FOCUSED FUND CLOSES IN 2017