April 2015 Issue

    Investor base: New ventures

    LACERA is increasing its focus on private equity, with a special eye on backing late stage venture funds

    On the Record: Hilton Mervis

    King & Wood Mallesons partner Hilton Mervis analyses recent trends in private fund dispute resolution, and examines how GPs can take steps to avoid potential litigation

    LP Radar: Like a whole other country

    The Texas Teachers Retirement System is undertaking a plan to remodel itself in the mould of a sovereign wealth fund

    An improving prognosis

    Healthcare models are changing in the US, creating new opportunities and some big exits for GPs

    Turkey: Out of favour, but best not ignored

    Political tension and economic volatility have dulled LPs’ investment appetite for Turkey. But for investors with a longer-term view, there are still a number of enticing factors in its favour

    Long voyage ahead

    Private equity firms are interested in shipping, but industry veterans warn that patience is the order of the day

    Chinese E-commerce: A big payout

    The rewards are there, but PE investors must select their investments carefully in China’s diverse and rapidly expanding internet sector

    There’s a place for VC, but adjust your expectations

    It’s time to wipe the slate clean and stop earlier misguided investment models from starving the cleantech market of much-needed risk capital

    Back from the brink

    Forced to halve its previous fund after a management reshuffle triggered a key man clause, PAI faced a tough road ahead with its sixth fundraise. Far from the lacklustre performance some industry insiders anticipated, the Paris-based buyout house surpassed even its own expectations

    Fundraising: Two speed market

    Despite high levels of capital continuing to be returned to investors, and fewer deals afoot, many PE experts believe conditions remain benign for firms hitting the fundraising trail in 2015

    The new kids on the block

    Against a more benign backdrop for fundraising in recent years, there has been an increase in spin-outs and first time funds trying their luck on the fundraising trail. Who are some of these teams? And will they successfully raise capital?

    Privately Speaking: William Jackson of Bridgepoint

    As Bridgepoint prepares to close its latest buyout fund on €4 billion, managing partner and industry veteran William Jackson tells PEI why Europe is back on investors’ maps — and why private equity deserves a break

    Pleasure and pain: Phoenix, Blackstone and co-investment

    Our pick of memorable moments of the month just gone