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The longstanding German private equity firm is extending its reach up and down the deal size spectrum.
Christian Kvorning, an investment director at the €31.5bn Danish pension fund’s alternatives arm, on worsening fund terms, the need for a ‘healthy crisis’ and elusive US managers.
Originally targeting $400m, Fund IX is the firm’s largest fund of funds to date.
.jpg?id=12885372220 "Apax scraps deal-by-deal carry for Fund IX – Exclusive")
The buyout house is no longer offering LPs the choice to opt into a deal-by-deal style waterfall in a portion of its latest fund.
Thoma Bravo will pay around C$1.6 billion for the Canadian auto marketplace.
The NJ State Investment Council decided to stop negotiations with Advent on investing $100m in Advent GPE VIII, which had no preferred return.
(1).jpg "GP-led restructurings price on a fine line")
Greenhill Cogent managing director Brian Mooney tells the Private Fund Restructuring book launch hosted by Citco that pricing at 90% of NAV is the key to success.
The firm has raised €566 million to invest in fast growth European businesses and hired a cadre of tech experts to work at the firm and across the entire portfolio.
(1).jpg?id=19327385550 "Private capital, politics, and the Paris commitment")
Current political uncertainty is a threat to ESG engagement. The private sector has an urgent responsibility to provide strong leadership, writes William K. Reilly.
As it continues to invest its sixth fund of funds, which closed on €700m this month, Danske Private Equity principal Jesper Knutssøn talks to PEI about the firm's plans and the “aggressive” fund terms it’s seeing in the market.