Private Equity
Terra Firma's chairman has opened his wallet in a bid to retain executives unlikely to receive carried interest.
2 min read · 08 February 2013
AnaCap Financial Partners has met its £350m hard cap for its second credit opportunities fund, which raised almost six times as much capital as its first 2010-vintage debt investment vehicle.
2 min read · 08 February 2013
Less than a year after The Blackstone Group was roundly blamed – somewhat unfairly – for the troubles at former portfolio company Southern Cross, Terra Firma has acquired another care homes group, Four Seasons Health Care, for £825m.
2 min read · 08 February 2013
Stanley Mavromates, chief investment officer at MassPRIM, has become the latest senior executive to leave the $50bn pension fund.
2 min read · 08 February 2013
UK development finance institution CDC Group saw a swing of £341m from profitability in 2010 to a £72m loss last year, despite putting more capital to work in developing countries last year.
2 min read · 08 February 2013
The former chief executive of BP and current partner at Riverstone singled out private equity, suggesting fewer than 1% of the people he knows in the industry are homosexual.
1 min read · 08 February 2013
At least a quarter of companies in Europe whose collective €133bn debt is due to mature within the next two to three years will default, warns Moody’s Investor Services, despite efforts to refinance the sizeable loan book.
3 min read · 08 February 2013
Of more than a thousand managers active in China to chose from, one experienced LP estimates there are fewer than a dozen genuinely worthy of a commitment. GPs looking for funding will need to do more to point to China’s growth story.
3 min read · 08 February 2013
Alven Capital has begun marketing its latest fund with a €100m target. The fundraising follows strong returns for some VCs, including Advent Venture Partners, driven largely by burgeoning valuations in the technology sector.
2 min read · 08 February 2013
Scott Schoen, vice chairman of US buyout group Thomas H Lee Partners, has stepped down from his position but will remain an advisor to the Boston-based firm.
1 min read · 08 February 2013
