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In the final part of our series on private equity metrics, PEI examines why the internal rate of return can flatter to deceive.
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In the third part of our four-part series on private equity metrics, PEI looks at the dangers of unregulated reporting and why the total-value-to-paid-in multiple only tells half the story.
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In the second part of our four-part series on private equity metrics, PEI examines how benchmarks are gamed from two different, relatively simple angles.
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Private equity relies on metrics to make some of its most crucial decisions, but do they tell the whole story? In the first of four articles, we take a closer look at the "shapeshifting" EBITDA.
Behind the colossally popular fund of firms business Dyal is a suite of products the investments giant uses to fill the holes traditional markets can’t address.
For three decades, Investcorp has built a reputation connecting investors in the Gulf with opportunities in the developed world. Now, as it shoots for $50bn in AUM, it is carrying out its grandest plans yet.
Once described as a ‘sleepy outpost’, this listed French firm is hungry for acquisitions and has international expansion in its crosshairs.
The strategy has evolved from focusing on diversification and J-curve mitigation to one making concentrated bets on often highly complex deals. Investors unaware of the potential risks face hidden dangers.
Adventurous LPs
These eight limited partners are willing to take a chance on fund terms, strategies and co-investments most won’t give a second glance – and their private equity programmes are reaping the benefits.
Heralded as an ‘unofficial fee break’ and an ‘alpha generator’, co-investment is seen by many as the way to get the best out of private markets. Are LPs taking on more risk than they realise?
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