Africa’s real gems lie deep beneath the surface

Global firms' pullback from Africa has been greatly exaggerated, AVCA chief Michelle Kathryn Essomé explains.
Public markets

Take-privates are back on the menu

Public-to-private deals reached their highest level since before the global financial crisis last year as private market valuations prompted buyers to seek value elsewhere.

CDPQ inks its largest direct investment

The pension expects its investment in security services provider Allied Universal to complement its real estate portfolio.

Genstar Capital: the US’s most active mid-market firm in three charts

The firm has raised $7bn for its ninth flagship fund, including $1.1bn for larger investments.

Private markets now ‘required’ in the portfolio – report

They are moving into the mainstream, with investors considering them a core part of their portfolios, according to McKinsey's latest report.
Bearish

Bears spotted in APAC private equity

Some 14% of global professionals expect private equity activity to deteriorate over the next 12 months, compared with only 1% last year, according to S&P Global Market Intelligence.
Gilets jaunes

France Invest’s Gaillard on why PE isn’t at odds with the gilets jaunes

France’s parliament is working on legal reforms that introduce a tax-efficient system to distribute a portion of capital gains among all employees of an acquired company.
Washington DC

Carlyle’s Lee: ‘Challenging’ environment could affect 2019 deployment

The firm expects to raise $20bn across all asset classes this year, CFO Curtis Buser said on a Q4 earnings call Wednesday.
Cobalt GP data

High asset prices threaten GP fee revenues – report

Compressed exit multiples could have a material impact on performance fee income, according to tech platform Cobalt.

Investcorp hits PE firsts for fiscal half year

The investment manager made its first acquisitions in Asia’s two largest markets and struck two secondaries deals in a bid to diversify and expand its holdings.

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