Alex Lynn
Alex Lynn is Hong Kong Bureau Chief at PEI Group, leading coverage of Asia-Pacific private markets for Private Equity International and editing its daily Side Letter briefing for subscribers.
He joined the business in 2017 and previously covered the EMEA region from PEI's London office. Alex has a master's degree in Journalism from Kingston University. He can be reached at alex.l@pei.group.
The firm has temporarily suspended the four detained employees amid a dispute over the transfer of shares from one of its portfolio companies.
FSI I marks Europe’s third-largest debut fund targeting a single country since the global financial crisis.
The firm had been seeking $250m for the vehicle and was expecting to hold a first close in the second quarter of last year.
The firm held a first close on Hermes GPE PEC IV Co-Investment Fund, which has a $500m hard-cap.
More venture capital-like fund terms could be bad news for limited partners.
The firm expects to raise $20bn across all asset classes this year, CFO Curtis Buser said on a Q4 earnings call Wednesday.
Compressed exit multiples could have a material impact on performance fee income, according to tech platform Cobalt.
Carlyle Europe Technology Partners IV, which closed on €1.35bn last week, will charge 25% carry after it returns 2.25x cost to LPs.
The fund has already made commitments across seven vehicles, meaning LPs can buy into an existing portfolio.
European firms could be well-placed to snap up talent from their London-based peers.