Australia

Riverside makes Australia primary focus of latest Asia-Pacific fund

The change reflects Australia and New Zealand’s disproportionate weighting in Riverside Asia-Pacific Fund II, a $235m 2012-vintage.

EBITDA on steroids

The EBITDA addback is one of the most worrying aspects of loan documentation. Market professionals detail how prevalent and potentially damaging it has become.
HKVCA tech panel

China’s tech revolution creates diversification headache for LPs

A growing number of Chinese businesses are being marketed as TMT-based, an industry conference in Hong Kong has heard.

SWFs go big on tech, healthcare directs – report

Sovereign wealth funds want more exposure to disruptive, tech companies and doubled early-stage investments last year, according to an industry body.

Investcorp acquires placement firm Mercury

The transaction is part of the Bahrain-listed firm’s expansion and global growth plan to boost its AUM to $50bn.
Melbourne, Australia, time

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.

Carlyle mulled Africa fund stapled deal – exclusive

The private equity giant approached secondaries buyers about acquiring LP stakes in its 2013-vintage Sub-Saharan Africa Fund and making a stapled commitment to its successor.
Paris, France

Morgan Stanley acquires GP stake to back Tikehau’s US expansion

The investment bank invested through its $1.4bn North Haven Tactical Value fund, which closed in December.

LBO sell-off to blame for Europe’s dealmaking slump – report

A recent dip in secondary market pricing for leveraged loans and high-yield bonds has made financing costs too high in Q1, according to PitchBook data.

European VC closes on Silicon Valley

Europe has delivered 30 unicorns over the last decade and the region's tech ecosystem has blossomed to the best the industry has ever known.
pei
pei

Copyright PEI Media

Not for publication, email or dissemination