Toby Mitchenall
Toby Mitchenall is the Senior Editor, ESG and Sustainability, at PEI Media. He is responsible for New Private Markets, a dedicated intelligence source on impact investing, sustainability and ESG in private markets, and is based in PEI’s London office. Toby was previously a consultant advising private equity firms on marketing and public relations.
Turbulent public markets have halted the Swiss-listed fund of funds' plans to list on the London Stock Exchange.
The global buyout group has taken another step away from venture capital. It closed its venture-focused Boston office last year.
The £15bn UK charity is set to take advantage of the dollar’s strength against the pound by selling off its private equity interests and ‘rejuvenating’ its portfolio. The revelation follows last week's news that Harvard is set to sell $1.5bn of its private equity investments.
Deal volume dropped 28 percent in the third quarter, in part because prices for UK private equity assets still have some way to fall, according to a recent study.
New LPs accounted for half the commitments to the London- and New York-based firm’s second fund since spinning out of hedge fund group Soros Fund Management.
The private equity arm of Russia’s largest independent investment banking group held a $154m first close in August on its third fund, which it hopes to close next year. Fellow Russian mid-market-focused firm Delta is raising a $500m fund.
The risk that listed funds of funds will be unable to meet capital calls as realisations slow and asset values decline, are among reasons the firm has downgraded four publicly listed funds of funds and one private equity fund.
The Russia-focused private equity firm headed by emerging markets veteran Patricia Cloherty began marketing its third fund in June. The firm has invested more than $550m in 55 companies in the country since 1995.
Charlie Bott, chairman of Goldman’s European financial sponsors group, is regarded as the first private equity-dedicated banker. He is replaced by John Waldron, previously co-head of leveraged finance.
After losing Richard Swann to rival mid-market firm Inflexion in October, the private equity arm of British bank Lloyds TSB has hired Hemisphere co-founder Daniel Sasaki as a director in its London office.