Private Equity
<p>Among the more eagerly anticipated venture capital fundraisings on the near horizon is one from a firm that started in 1999 with a seemingly heretical premise – that venture capital investing could be a global undertaking.</p> <p> </p>
2 min read · 04 February 2013
<p>Enthusiasm for private equity is spreading around the globe, and it has certainly reached the Middle East. </p> <p> </p>
3 min read · 04 February 2013
<p>In the era of the mega-mega fund, a new math has developed for determining an appropriate size for one’s next investment vehicle. It is a complex calculation that always ends up equaling the maximum that LPs are willing to commit. </p> <p> </p>
3 min read · 04 February 2013
<p>One question private equity professionals are presently very fond of discussing is this: how far behind is the industry in Asia when compared to more mature markets. Five years? 10 years? Maybe 15 even? </p> <p> </p>
3 min read · 04 February 2013
<p>European leveraged finance professionals would surely agree - with a few exceptions - that the environment in which they operate has become decidedly more eclectic - as well as diverse - over the last year or two. This is reflected in both the sources and amounts of capital now available to fund transactions. That much appears self-evident. There is, however, scope for more divergent views when consideration turns to the ways in which such increasing diversity is affecting traditional relationship dynamics in the industry. </p> <p> </p>
3 min read · 04 February 2013
<p>Everyone is going to want one – a listed private equity fund that is, especially if the $1.5 billion structure that KKR is getting ready to float in Amsterdam next month sells well. (See also "Listed Private Equity Funds" in the Features section of this newsletter. ) </p> <p> </p>
3 min read · 04 February 2013
<p>Knight Vinke Asset Management continues to fan the flames of shareholder resistance to the proposed €7.4 billion private equity-backed takeover of Dutch business information group VNU. It is as though Knight Vinke is enacting a kind of tribute to another institutional investor which took a similar stance not long ago. </p> <p> </p>
3 min read · 04 February 2013
<p>And in the 30th year of its life, KKR said, “Let there be a $5 billion pool of permanent capital.” And lo, there was a $5 billion pool of permanent capital.</p> <p> </p>
3 min read · 04 February 2013
<p>Times have certainly changed in the world of GP/LP communications. As Maarten Vervoort, head of European fund investments at AlpInvest Partners, fondly reminisced at our inaugural European investor relations forum in London last week, the ‘kitchen table’ annual meeting used to be commonplace. It was so called because many GPs’ limited partner bases were so modestly sized that all representatives of the fund could easily be accommodated around a small table. In today’s era of the mega-fund, by contrast, certain LBO behemoths would be hard pressed to shoehorn all their investors into an aircraft hangar. </p> <p> </p>
3 min read · 04 February 2013
<p>Readers of PEO’s Friday Letter of two weeks ago will know that Kohlberg Kravis Roberts’ $5 billion listing of KKR Private Equity Investors Ltd on Euronext caused more than a ripple not just across the asset class but across the capital markets too. </p> <p> </p>
3 min read · 04 February 2013
