June 2007 Issue

Time and complexity are on the side of GPs as Congress scrutinises the tax on carry.

George Anson, the head of HarbourVest in Europe, has warned private equity firms against complacency and excessive leverage.

Permira closes in on Valentino.

A London investment group is aiming to avoid overexposure to frothy conditions in Europe's leveraged loan market - and benefit should it overheat.

A leading investor in European mid-caps serves up some tough food for thought.

Why private equity is just like the beautiful game.

The proposed future name of the private equity industry is owned by a Thai cyber squatter.

Editor's letter 2007-06-01 Staff Writer So the People's Republic of China will be a direct investor in Blackstone. A year ago, this would hardly have seemed plausible, and even in today's heady market, news of the deal left many stunned. Still, it seems just the sort of thing that happens in private equity n

Nicholas Lockey, editor of PrivateEquityOnline.com, looks behind the headlines of the last four weeks on the web.

America's largest labour union recently set its sights on private equity, questioning disparate aspects of specific deals and challenging the industry on a number of fronts: be more transparent, strengthen the economy, reduce US income inequality and ‘restore promise in the American Dream’. At press time, the SEIU was set to testify before a US Senate committee as to private equity's impacts. Here the head of its private equity campaign, Stephen Lerner, explains the SEIU's newfound interest in the industry.

Does private equity outperform, and if so, by how much? Christophe Rouvinez returns to PEI with an argument that sheds new light on a perennial – and critical – problem.

As the private equity industry continues its never-ending search for new markets, Ukraine may be the next country to see an explosion of deals.

With rapid economic growth, large pools of available capital and an increasingly sophisticated debt market, 2007 looks like being the most prolific year yet for private equity in Central and Eastern Europe. But does the industry have the talent pool to cope with its explosive growth? James Taylor reports.

Below are key movers in the increasingly important private equity marketplace of ideas. Just as several new organisations are stepping forward to question private equity's utility for the broader economy, trade organisations within private equity are stepping up their game. Here are some names you'll see more of as the debates intensify:

Fifty finest..Continue Staff 2007-06-01 Writer STEPHEN SCHWARZMAN, BLACKSTONE GROUP Always bet on Blackstone. The firm has moved from success to success largely because its chairman and chief executive Stephen Schwarzman demands nothing less. The strong, e

In the October 2006 issue of Private Equity International, we produced a selection of the 30 most influential lawyers in global private equity. Here, we remind our readers of some of the legal world's most valued practitioners.

Our selection of the most influential people operating in private equity today brings together diverse strategies, geographies and personalities. The common denominator is their ability to shape events around them, adding their own sizeable footprints to the forward march of the asset class.

Under the leadership of Jonathan Russell, 3i's under-performing buyout division has been transformed into a leading mid-market investor. But how will Russell be able to maintain this momentum in the face of fierce competition and mounting external scrutiny? James Taylor met him in London in May to find out.

Irish entrepreneur Ray Nolan is revamping boo.com, the poster child of the internet crash in Europe.

As venture investment in the US continues to climb, many states are quickly moving to provide large pools of public money to funds that invest locally. The stated purpose is to promote innovation, but could these vehicles provide a nice return for their state sponsors as well?

Characterised by strong growth potential and little leverage on their balance sheets, many South African companies present attractive targets for private equity.

Editor's letter Staff 2007-06-01 Writer So the People's Republic of China will be a direct investor in Blackstone. A year ago, this would hardly have seemed plausible, and even in today's heady market, news of the deal left many stunned. Still, it seems just the sort of thing that happens in pr

The Chinese government's investment in Blackstone is a big deal for the recipient of the capital – but far from seminal for the provider.

There's a private equity market where making money has never been easier, and there's a private equity market where making money has never been harder. Both are China.

Four ‘titans’ candidly talked shop during the Milken Institute's annual extravaganza.

US mobile phone service provider MetroPCS raised $1.15 billion in its initial public offering – the largest amount raised so far by a US IPO this year. For its private equity backers, the exit took more than a decade.

Cerberus Capital Management may be the envy of some of its rivals.

NGP Energy Capital is about to enter the big leagues.

Time and complexity are on the side of GPs as Congress scrutinises the tax on carry.

George Anson, the head of HarbourVest in Europe, has warned private equity firms against complacency and excessive leverage.

Permira closes in on Valentino.

A London investment group is aiming to avoid overexposure to frothy conditions in Europe's leveraged loan market - and benefit should it overheat.

A leading investor in European mid-caps serves up some tough food for thought.

Why private equity is just like the beautiful game.

The proposed future name of the private equity industry is owned by a Thai cyber squatter.