Federated swoops in for £246m Hermes stake

The deal comes as Hermes continues to fundraise for £1bn for its second infrastructure vehicle.

Why European VC returns are better than you think

Removing sampling biases reveals greater parity between US and European venture capital performance than is often expected, according to a report from eFront.

US-China trade battle creates uncertainty for private equity

GPs and portfolio companies are in wait-and-see mode as the US mulls its new tariff list.

Blackstone strikes balance with haul of GP stakes

The firm’s Strategic Capital Holdings Fund took stakes in three private equity managers during March after a previous weighting towards hedge funds.

US tax bill may pour fuel on overheated valuations

A spike in repatriated cash and reduced taxes could push corporates to pump large amounts of capital into domestic M&A activity.

The case for covenant-lite

Are fears of a lack of red flags in deal structures overblown? There’s little doubt what equity providers think, but some lenders believe the same.

LBO funds struggle to stand out

A favourable exit environment has tightened the spread of returns among the best and worst performing LBO funds, according to eFront's Returns, risks and liquidity of LBO Funds in Q4 2017.

‘Don’t tie up all my money,’ LPs warn

Soaring valuations could prompt a strategy shift as GPs struggle to deploy capital.

Bain & Co: ‘Asia private equity in a new era’

Asia’s improved macro climate and the pressure to deploy dry powder drove record fundraising, deal values and exit values for 2017.

Warburg seals biggest PE deal in Vietnam

The firm’s over $370m investment in Techcombank came from two of its global funds, the Warburg Pincus Private Equity XII and the Financial Sector Fund.

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