In a letter to LPs, firm founder Leon Black revealed that several funds are now reporting positive or flat unrealised performances after dramatic write-downs earlier this year.
Only 10 of the largest 50 private equity firms in the world sold more than they bought during a five-year period characterised by sky-high prices and bidding wars, PEI Media research shows.
The New York power-focused private equity firm will acquire power plants and a 15% stake in the major US power generation corporation, now struggling with liquidity issues.
The power-focused private equity firm will acquire power plants and a 15% stake in the major US power generation corporation, now struggling with liquidity issues.
The Boston buyout firm may allow LPs in a private credit-opportunity fund to cancel participation if they agree instead to a planned $300m listed credit vehicle.
Fund performance results from the State Street Private Equity Index show a big drop in the fourth quarter of 2008. Despite the grim numbers, private equity continues to outperform the public markets.
People who make a living at communicating in private equity are living through some very interesting times, as you'll read in this issue of PEI Manager, devoted to communications.