Private Equity

Terms & Conditions

Championship rings and All-Star tickets: Inside Dyal’s NBA strategy

Documents seen by PEI detail Dyal HomeCourt Partners' investment strategy, fund terms and perks.

2 min read · 22 September 2020

Three potential revisions for Hong Kong’s carried interest proposals

The Hong Kong Monetary Authority has ended a month-long consultation period on what it says will be one of the world’s most competitive tax treatments for carry.

4 min read · 09 September 2020

Buyers question whether coronavirus triggers MAC clauses

Sponsors are also pushing for longer due diligence windows to account for disruption caused by coronavirus and to better understand its impact, a law firm has said.

3 min read · 12 March 2020

Story of the Year: How trustworthy is EBITDA?

EBITDA addbacks became an increasing cause for concern in 2019 as borrowers stretched the bounds of permissible adjustments.

3 min read · 19 December 2019

Cov-lite debt cushions PE industry against downturn ahead

Cheap, borrower-friendly loans proved a comfort to LPs and GPs at SuperInvestor, despite sentiment indicators ticking down this year.

2 min read · 27 November 2019

Why Australia’s BGH needn’t worry about slow deployment – yet

TPG veteran Ben Gray’s firm is understood to be using credit lines to avoid fee-drag on Australia’s largest first-time fund.

4 min read · 22 May 2019

Juggling act: how buy-and-build firms manage multiple funds

The Dutch firm's investment model allowed it to raise its latest €2bn vehicle while Fund VI was around 40% deployed.

3 min read · 29 January 2018

Trends of the Year: The rise of cov-lite loans

This year we asked whether private equity investors should be worried about the continued loosening of debt covenants.

2 min read · 18 December 2017

LPs face 'huge risks' on co-investments

Limited partners should question whether co-investments are within a manager's sweet spot, investors at PEI's Women in Private Equity conference said.

2 min read · 22 November 2017

Apax to offload Trader Corp to Thoma Bravo

Thoma Bravo will pay around C$1.6 billion for the Canadian auto marketplace.

2 min read · 04 July 2016

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