June 2013 Issue

Pye wonders why buyout guys are so much better at firing other people's staff than their own.

The reaction to a recent White House attack rumour showed that the current public market rally is based on very flimsy foundations. LPs with secondary stakes to sell shouldn’t be sitting on their hands just because their equity portfolio is up.

Separate accounts are big business – as the success of Blackstone’s Tactical Opportunities Fund proves.

In three years, Synova Capital helped reposition dental services business dbg, tripling EBITDA and generating 77% IRR on exit.

Weijian Shan, chairman and chief executive buyout firm PAG: choosing correct stategies and sectors are key to success in China

When First Round closes its eyes in slumber of an evening, it often floats away to its happy place: sitting in a data room with real-life private equity types, slogging away on a real-life deal.

They say ‘laughter is the best medicine’. First Round is skeptical about this notion, preferring to trust in clinically-trialled pharmaceuticals.

Match-making for Private Equity types.

Fees top the CalPERS and CalSTRS agenda say Joe Dear and Chris Ailman, the CIOs leading two of the most influential LPs.

Private equity investors place their bets on which Aisan internet business will challenge Google, Facebook, Twitter et al.

Oaktree’s Howard Marks took to the stage in California recently discussing the nature of risk

PEI went to Warsaw to ask three industry experts if time is right to reconsider investing in Central & Eastern Europe.

With Chinese LBOs expected to increase, domestic banks are learning the nuances of leverage financing through offshore units

After a tough couple of years for the European institutional lending market, volumes are slowly creeping up again

Capital abounds for private equity deals of all sizes in North America.

The bedrock of Australia’s private equity industry has long been strong domestic managers. But the post-crisis landscape is starting to make life more difficult for them.

José Feliciano says Clearlake aims to be just like everybody else – only better.

30 years since EVCA came into being, it’s learnt some hard lessons and made some big changes.

What happened to the biggest deals completed in the boom years, in some cases still unexited?