Private Equity
<p>According to the Encyclopaedia of Word and Phrase Origins by Robert Hendrickson, a wild goose chase was first used to describe a peculiar kind of 16th-century English horse race. The racers would set off into a forest following a lead horse, which could run in any direction. </p> <p> </p>
2 min read · 01 February 2013
<p>At long last Europe has a venture capital industry worth the name. PEO attended EVCA’s 2006 Venture Capital Forum this week in Barcelona and found delegates walking tall having finally cleared the wreckage of the dotcom years. It is truly remarkable the effect a few home-runs can have on a venture executive’s confidence, let alone his portfolio’s performance.</p> <p> </p>
3 min read · 01 February 2013
Seiichi Saito, a director at Alternative Investment Capital Ltd, a Tokyo-based gatekeeper and fund of funds manager, discusses his firm’s strategy for investing in private equity, which has a 70 percent allocation to North America.
1 min read · 01 February 2013
<p>It seems safe to say that when Michael Sherwood, co-chief executive of Goldman Sachs and one of Europe’s pre-eminent investment bankers, and Jonathan Green, a retired hedge fund manager, are betting the family money on a turnaround fund, then two things must be true.</p>
2 min read · 01 February 2013
<p>US Department of Justice, The Blackstone Group has a couple of choice words to send your way – “thank you”.</p> <p> </p>
2 min read · 01 February 2013
<p>So far Blackstone’s fundraising bar has been raised at least three times and yet, according to a number of investors canvassed by PEO it still seems likely that the firm will hit its latest reported target of $20 billion. </p> <p> </p>
2 min read · 01 February 2013
<p>One of the UK’s most outspoken (and it should be noted, successful) private equity managers once told PEO all successful private equity professionals were psychologically flawed. At the very least, he added, the ones he hired were. For this GP, it was executives with a point to prove that made the difference.</p> <p> </p>
3 min read · 01 February 2013
<p>It has been yet another breathtaking week for the private equity industry. The globe’s buyout behemoths played their part in “Merger Monday”, when in a frantic 24-hour period firms announced $75 billion worth of deals.</p> <p> </p>
3 min read · 01 February 2013
<p>Picture the scene. A crowded roundtable discussion at a busy private equity conference in central London yesterday. A man in the audience asks the two panelists, both distinguished buyout partners, if they are concerned by the potential for complaint from public market investors, should a recent public-to-private trigger a spate of similar deals.</p> <p> </p>
3 min read · 01 February 2013
<p>The private equity industry has recently been coming under fire for selling assets to the public market at prices that sit far distant from the price these groups paid to take them private. </p> <p> </p>
3 min read · 01 February 2013
