Amanda is the Director of Product Management for PEI, whose editorial titles include Private Equity International, Secondaries Investor, Buyouts, PE Hub, VCJ, Real Estate Capital, Private Equity Real Estate, Agri Investor, Infrastructure Investor, Private Debt Investor, Regulatory Compliance Watch and Private Funds CFO. She was previously the company's Group Managing Editor.
IDeA Alternative Investments has appointed as chairman Lino Benassi, whose chairmanships currently include Banca Italease and Credit Suisse Italy. IDeA plans to augment its private equity fund products with special situation, hedge, real estate and mezzanine products as well as to launch alternative investment firms in Southern Europe.
1 min read · 05 January 2013
Julio Ramirez, who left Blackstone-affiliated placement agent Park Hill in March, has pleaded guilty to securities fraud. The allegations stem from the time Ramirez was employed by Wetherly Capital, prior to joining Park Hill; Blackstone told PEO its internal investigation revealed no misconduct at Park Hill.
3 min read · 05 January 2013
GPs must aggressively analyse and restructure portfolio companies' capital structures before they reach emergency stages, Marc Rowan said at a conference in Los Angeles yesterday. The private equity industry will be one of the most challenged during this economic cycle due largely to the 'looming' maturity of debt for levered companies, he added.
3 min read · 05 January 2013
Private equity veteran Tom Lee said his firm is looking to invest without leverage in both 'good' and 'bad' banks. Meanwhile, Apollo is eyeing various credit opportunities including providing DIP financing and LBO loans, as well as buying debt in companies it 'knows well' like former portfolio company Intelsat.
2 min read · 05 January 2013
LPs must seize current market conditions as a chance to push back on terms and secure better alignment of interests, Joe Dear said at a conference in LA. Fellow panelist Harold Bradley, CIO of the Ewing Marion Kauffman Foundation, lamented 'we are feeding a fee machine'.
2 min read · 05 January 2013
PEO’s parent has been recognised in the prestigious awards’ international trade category. London-based PEI Media now has customers in 80-plus countries and has more than doubled its overseas revenues in the past three years.
2 min read · 05 January 2013
Lower fees, smaller funds and lots of GP communication top LP wish lists, writes Amanda Janis.
3 min read · 05 January 2013
The Blackstone spin-out has already held a first close on its second fund to focus on direct venture capital secondaries. It recently acquired stakes in nine new companies including Facebook, Zappos and eHarmony.
2 min read · 05 January 2013
The Wall Street Institute, a global English school network purchased by Carlyle and Citi Private Equity in 2005, has sold its Chinese subsidiary to education conglomerate Pearson. The unit is projecting annual sales of $70m this year.
2 min read · 05 January 2013
The buyout industry’s energy-focused veteran continues to prove LPs are keen on energy, topping its own record for the largest energy fund raised to date. The final close comes less than a year after it went to market, though is less than its $12bn target and $16bn hard-cap.
2 min read · 05 January 2013
