Fund Managers

It's not over yet

The over-commitment strategy used by many listed private equity vehicles has gone from being a virtue to a vice, but it will survive

-

Two recent events have highlighted the delicately balanced predicament of listed private equity vehicles in the UK. Drastic action from both SVG Capital and Candover Investments – two Londonlisted investment vehicles feeding capital into buyout houses Permira and Candover respectively – showed that when the over-commitment strategies they employ come unstuck, the consequences can be serious.