Two well-known LPs have launched new firms to help investors with two key concerns: building exposure to niche strategies and restructuring legacy private equity assets.
2 min read · 06 January 2013
The firm launched Fund VII in May with a $400m target and provisions that LPs get paid back all committed capital plus a preferred return before the GP starts to collect carried interest.
2 min read · 06 January 2013
The Stockholm-based firm, which is approaching the end of fundraising for its sixth fund, has hired Christian Broberg from CD&R.
1 min read · 06 January 2013
As distressed investment managers around the globe prepare for opportunities in the sinking markets, PAG has closed its first-ever distressed fund for Asian assets from distressed sellers.
2 min read · 06 January 2013
Sarah Bradley will work on raising HM Capital's next fund and boosting the firm's transparency and communications with LPs.
2 min read · 06 January 2013
LPs should be paid back all their committed capital plus a preferred return before GPs start to collect carried interest, head of Cerberus Stephen Feinberg said at an industry conference.
3 min read · 06 January 2013
AXA has hired Credit Suisse to explore a sale of its private equity arm, which could lead to a management buyout allowing the division's CEO, Dominique Senequier, to retain control.
3 min read · 06 January 2013
Christine Vanden Beukel, a former Clayton Dubilier & Rice credit-focused executive, will open a London office for Crescent Capital at a time of tremendous opportunity for firms with capital in the region.
2 min read · 06 January 2013
The firm is targeting $1.5bn to invest in non-performing loans and distressed-for-control situations. The fund will be run by former Goldman executive Alan Waxman.
2 min read · 06 January 2013
Joncarlo Mark, a veteran limited partner, will work with institutional investors on dealing with legacy private equity assets as they work to manage their portfolios.
3 min read · 06 January 2013
