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UTIMCO shifts to large buyouts to scale PE portfolio

The endowment will trim its private equity manager list by almost 50% and increase cheques to core GPs to maintain its $3bn annual investment target.

American Capital spinout holds first close on Fund II

The vehicle, which is targeting $375m, is Northlane Capital’s first as an independent manager.
Australia

Riverside makes Australia primary focus of latest Asia-Pacific fund

The change reflects Australia and New Zealand’s disproportionate weighting in Riverside Asia-Pacific Fund II, a $235m 2012-vintage.

EBITDA on steroids

The EBITDA addback is one of the most worrying aspects of loan documentation. Market professionals detail how prevalent and potentially damaging it has become.
New York City

Nordic Capital seeks local hires for new US office

The firm is looking to hire up to four people for its New York office, which will focus on providing service to existing and new US healthcare portfolio companies.

Hamilton Lane closes largest co-investment fund to date

The fundraising lasted 18 months and 40% of the capital came from new investors.

Performance watch: New Enterprise Associates

The veteran VC firm invests in technology and healthcare companies, and has maintained consistent performance through leadership transitions.  

Swiss group Bellevue taps growing demand for PE with boutique buy

The Switzerland-listed firm wants to broaden its biotech and life sciences-focused remit to include mid-market investments in Germany, Switzerland and Austria.

Why growth investing will be as big as buyouts

Technology, capital and talent will drive growth investing's expansion, says Hermes GPE partner Elias Korosis.

Investcorp plans first US institutional fund

The firm has been co-investing with large institutions and raising capital on a deal-by-deal basis in private equity in the US until now.
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