A new study by Altius Associates reveals that co-investment programmes have a substantial risk of generating poor returns, even with a reasonably sized co-investment portfolio. Altius’ study uses a sample of 886 realised US buyout and growth investments ranging from 1979 to 2010 and shows that with a co-investment portfolio comprising 10 assets there is a probability that the entire portfolio would generate an IRR below 0%.
4 min read · 01 April 2014
Balderton Capital has closed its fifth European fund raising a further $305 million and bringing its total funds to $2.2 billion. The fund will invest in European technology start-ups.
4 min read · 01 April 2014
Don't be fooled on this April 1st, keep up to speed with what's going on with the latest private equity news including the an Asian deals update, why the industry continues to live in the shadows and where to find employee compensation data to help benchmark your firm.
1 min read · 01 April 2014
This week there are job offerings from private equity giant Carlyle Group, along with HarbourVest, Northern Trust and the State Board of Administration of Florida.
1 min read · 31 March 2014
PineBridge Investments has appointed four new senior professionals to its Americas business development team. The appointments include Stephen Keep, senior vice president; Joe Fague, senior vice president; James J. Smith, senior vice president and Gene Guevara, vice president.
3 min read · 31 March 2014
Trinity Hunt Partners has made a growth equity investment in Family Help & Wellness, an operator of behavioral health programs nationwide serving adolescents and young adults. Terms of the transaction were not disclosed.
2 min read · 31 March 2014
Crestline Investors has reached a final close of two investment funds including $980 million of investor commitments to the Crestline Opportunity Fund II platform and $738 million of investor commitments to the Crestline Recovery Fund III platform. These funds are the fifth and sixth in a series of opportunistic funds the firm has launched since 2005. Total assets committed to all six funds are $2.7 billion.
2 min read · 31 March 2014
GI Partners has completed a dividend recapitalization of its portfolio of single family rental homes, held as a partnership with Waypoint Real Estate Group. The new senior credit facility successfully increased the company’s total debt capacity to $410 million. The facility was provided by Citi.
2 min read · 31 March 2014
Accel-KKR has closed Accel-KKR Structured Capital Partners II with $325 million in committed capital, exceeding its target. The new fund continues the predecessor fund’s focus on making minority equity investments in growing technology companies via senior equity and other structured securities.
3 min read · 31 March 2014
Permira has completed the acquisition of Bestinvest. Founded in 1986, Bestinvest is a UK wealth manager and online investment service.
3 min read · 31 March 2014
