Blenheim Advisors’ latest research advises clients to ensure they get the most leverage for the best terms, before default rates cause the European debt markets to tighten. By Nicholas Lockley.
The University of Michigan’s Wolverine Venture Fund is incubating the next generation of venture capitalists, and it has ‘about the same rate of return as most professional funds’. By David Rapp.
The partnership between NRDC and Apollo has also hired Christina Johnson, the former chief executive of Saks Fifth Avenue, in the latest example of top retail talent making the jump to private equity.
The European affiliate of buyout and mezzanine firm American Capital Strategies has increased its revolving credit facility to €900m, giving the company approximately €1.65bn in firepower.
A multitude of government institutions and formally established family offices make the Gulf Region a rich source of capital for the world's leading GPs. The most significant local player is ADIA, the giant investment authority in Abu Dhabi.
Ian Cash, a former member of the proprietary trading division at Citigroup and co-founder of the global special situations group at Mizuho International, joined London-based private equity firm Alchemy Partners in May this year to head up the firm's new £250 million distressed debt vehicle, Alchemy Special Opportunities Fund. He explains the fund's focus and ponders the future of distressed debt in Europe.
Taking full advantage of ultra-liquid debt markets, buyout funds are handing big sums of cash back to investors. As holding periods shorten, are limited partners in danger of getting too comfortable with private equity's new short-termism, asks Philip Borel.
The sale of Misys is taking longer than some investors would like.
Electra Private Equity, the recently renamed UK investment trust, is hoping to gorge on new deals after seven years of profitable abstinence.
As Tower Records chain files for bankruptcy protection, the music business continues to change. By Aaron Lovell.