Private Equity

Limited Partners

Thoma Bravo closes Fund XII on $7.6bn hard-cap

The fund is yet another Thoma Bravo investment vehicle to reach its hard-cap, and more than doubles the size of Fund XI.

3 min read · 12 September 2016

SVG urges shareholders to wait on £1bn HarbourVest bid

The London-listed private equity investor has asked shareholders to wait until its results on 30 September before taking action, but the deal looks likely to proceed, say analysts.

4 min read · 12 September 2016

Aberdeen hires ex-SL Capital exec for US boost

The asset manager has appointed Whit Matthews and promoted a senior investment manager to co-head of its US private equity team in Boston.

1 min read · 09 September 2016

UBS: Family offices favour PE funds over direct investing

Family office allocations to private equity funds rose 10% to 41% compared with a year ago, while the share of direct investing fell, according to the 2016 Global Family Office Report.

3 min read · 08 September 2016

Swander races to $510m final close within five months

The lower mid-market firm closed beyond its $400m target, thanks to its returning LPs.

2 min read · 07 September 2016

California’s PE fee disclosure bill passes into law

The AB-2833 bill, which imposes more requirements on California-based public pensions to disclose private equity fees, was introduced in February, and passed last week.

2 min read · 01 September 2016

UK regulator ‘neglecting duty’ to examine PE fees

Ludovic Phalippou, a finance professor at Oxford’s Said Business School, says the FCA is failing in its fiduciary duty to ensure investors get a fair deal.

4 min read · 01 September 2016

Mid-teens net IRR the ‘new normal’

High prices and lower debt multiples will take their toll on returns, according to research from alternatives manager Partners Group.

3 min read · 01 September 2016

CalSTRS PE portfolio takes a hit over past year

The $193.4bn pension fund’s private equity portfolio returns have dropped from nearly 20% two years ago to 2.9% for its most recent fiscal year.

2 min read · 31 August 2016

Texas ERS lowers expected PE commitment for 2017

The $25bn pension fund is pulling back its commitment level to private equity to avoid the denominator effect as its overall fund is growing more slowly than expected.

2 min read · 29 August 2016

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