ICG related stories
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Private firms to face difficult 2023, though PE opportunity is presentWhile private companies generally performed well last year, the listed firm's top economic forecaster Nicholas Brooks says conditions will be choppier.
Side Letter: 21 years of PEI; HIG's $5bn target; Temasek in ParisTo commemorate Private Equity International's 21st anniversary, we take a look back at the last two decades (and one year) of private equity. Plus: Blackstone's Strategic Partners unit surpasses the target for its debut GP-led fund; and Temasek opens its third European office. Here’s today's brief, for our valued subscribers only.
Side Letter: LPs' crypto writedowns; EY's alts survey; Palico's PE pricingPrivate equity's FTX blow could raise questions over whether due diligence processes are always robust enough. Plus: Results from EY's latest alternatives survey; and LPs stomach greater discounts to offload fund stakes. Here’s today's brief, for our valued subscribers only.
Side Letter: Ex-Ardian boss's returns warning; Sixth St's $4.4bn; the hottest upcoming CFOs & COOsSecondaries funds face a mighty challenge on the returns front, says the man who created Ardian's FoF business. Plus: Sixth Street's double growth fund close and female-founded VC firms hold their own amid their male counterparts. Here’s today's brief, for our valued subscribers only.
Inside Waterland: Europe’s buy-and-build machineFast closes, scale-ups through acquisitions and near-total secrecy – what’s behind one of Europe’s best-performing managers?
Side Letter: Future Fund's PE 'shakeout'; ICG's succession shake-up; Ardian's boss lossMonday is Labor Day in the US, meaning Side Letter will return to your inbox on Tuesday. In the meantime, Australia's sovereign wealth fund is expecting less established managers to struggle in the coming economic storm; and GP-led giant ICG has enacted a succession plan. Here's today's brief, for our valued subscribers only.
Waterland targets €3.5bn for flagship, seeks to raise minority stakes fund - UpdatedThe double fundraise comes less than two years after the close of Waterland Private Equity Fund VIII, which closed on its €2.5bn hard-cap.
Side Letter: How PE's fundraising frenzy is affecting the industryTakeaways from our latest series, which explores the potential implications of private equity's frenetic fundraising scene for GPs and their investors. Plus: CalPERS has sold a multi-billion-dollar portfolio; and retail specialist Sycamore has lost one of its founding partners. Here's today's brief, for our valued subscribers only.
Side Letter: ICG's $5bn bet on GP-leds; ESG's legislative headwinds; China's token testThe biggest ever pot of capital has been raised to back GPs selling assets to themselves. Plus: Legislative action in the US reminds us that what can seem like an inexorable march towards sustainability is not quite that simple; and the tokenisation of private markets has taken another step forward, this time in China. Here's today's brief, for our valued subscribers.
BlackRock's Conway: Central banks need to be careful with 'aggressive' rate hikesInflationary pressure has been driven by different factors relative to previous iterations of rate hikes, Edwin Conway, global head of BlackRock Alternative Investors tells PEI.