Managing a modern private equity firm

Over 250 practitioners gathered in London in late June for PEI's second annual conference for European private equity COOs and CFOs to work through a busy two days.

In its second year, the conference focused once again on the mechanics of managing private equity partnerships in today's rapidly evolving market environment. As Michael Klein, CEO of Global Banking at Citigroup and a keynote speaker on Day Two, told delegates: “The institutionalisation of the industry has already happened.” As a result, efficient management is essential for private equity firms to flourish in a market place where their clients, the investors, are becoming more and more sophisticated.

There was plenty to talk about. Key items on the agenda were valuation and reporting, tax strategies, fundraising, liability issues, fund structuring and documentation, liquidity, fund administration and treasury management. Speakers included EVCA chairman Herman Daems, Ian Armitage of Hg Capital, Christopher Wright of Merifin Capital, CSFB's Remy Kawkabani, Carol Kennedy of Pantheon, Arlett Tygesen of ILPA and Bob Baird of PEIA.

For us, hosting the event was fun and engaging, particularly from an editorial point of view. Expect many of the conference themes to resurface in our publications later this year, particularly in Private Equity Manager, our newly launched COO and CFO journal.

In the meantime, we look forward to round 3 in 2005. We hope you do too.