March 2018 Issue

    PEI Awards 2017: The Americas winners

    The Americas champions, including firms, limited partners, lawyers and many more.

    PEI Awards 2017: The Asia-Pacific winners

    Who won what in Asia-Pacific, including awards for China, Australasia and Japan.

    PEI Awards 2017: The EMEA winners

    Firms, deals, fundraises and country-specific awards for Europe, the Middle East and Africa.

    PEI Awards 2017: See the winners

    The roll of honour for the 2017 awards is our most comprehensive yet. Navigate it here, sorting winners by region, category and firm name.

    PEI Awards 2017: The global winners

    Energy, healthcare, technology, consumer, long-term, frontier markets and impact investment firms of the year.

    Public pensions: Private equity’s popularity grows over alternatives

    US public pensions were more active in PE than other alternative asset classes during the second half of last year, according to research from data firm eVestment.

    A flexible approach to fund finance

    Credit lines can prove crucial in sealing a rapid-fire acquisition, says RBS International’s Mike Lewis. The key is to ensure the loan facility provides the freedom to borrow when needed.

    The Fund Finance Association’s response to ILPA

    The Fund Finance Association’s response to the Institutional Limited Partners Association guidelines on subscription credit lines underscores the challenges of drawing up industry-wide best practice.

    Mega-funds and their mega-financings

    Co-ordinating large subscription lines for mega-funds presents a unique set of challenges, write Debevoise & Plimpton’s Thomas Smith and Felix Paterson.

    Lenders and lines: a guide to fund finance

    From how to pick a lender to the types of lines available, delegates at the CFOs & COOs Forum offered a mini explainer to the fund finance world.

    Why deal-by-deal can be addictive

    Shifting to this strategy used to be seen as a failure, but an early flow of carry can be very attractive.

    Apollo’s CFO on its record-breaking fundraise

    Martin Kelly reveals the inside story of Apollo Investment Fund IX which made history when it closed just shy of $25bn.

    Using big data to gain an edge

    From machine-learning algorithms to iPad apps and blockchain, funds of funds are embracing the data revolution.

    Privately Speaking: CPPIB’s Suyi Kim on private equity in Asia

    The pension’s head of Asia-Pacific has driven a decade of growth for the fund and she’s just getting started.

    Making lemonade in the squeezed fund of funds market

    The fund of funds market has been under pressure in recent years, so differentiation is the key.

    Hall of Fame #4: Hellman & Friedman V

    The fourth Hall of Famer marks Hellman & Friedman's second entry on the list.

    Why some Nordic Capital LPs feel left out in the cold

    Not all LPs in Nordic Capital's Fund VII are happy about having just 20 days to decide on a GP-led secondaries process. 

    The holy grail of private equity

    The changes needed to include private equity in defined contribution retirement plans are drastic.

    How KKR booted up Visma

    The Norwegian software company grew into one of Europe’s largest after completing more than 100 acquisitions under KKR’s ownership.

    The muddy waters of performance calculation

    The private funds industry is institutionalising, but the methods for calculating and reporting performance are still all over the place.

    PE par excellence: French market going strong

    France’s private equity market enjoyed a strong 2017. Is that a sign of things to come?

    PEI Awards 2017: Game-changer of the year

    'Bold, sleepless and aggressive': Masayoshi Son has redefined the mega-fund.

    Clouds over Dubai

    The results of an LP-led audit into the Abraaj Growth Markets Health Fund could have wide ramifications.

    Tax reform leaves firms weighing up the possibilities

    The Tax Cuts and Jobs Act affects almost all aspects of how private equity funds are managed. Here’s what we know so far.

    Energy sector begins to rebound

    Fundraising is improving amid subdued demand from LPs.

    How private equity fuels private debt

    The private debt market is booming. But even as lenders expand into alternative niches, the private equity-sponsored market remains by far the strongest source of deals.