In the past, distressed debt investors have swooped on targets in the US with considerable success. Europe, and particularly Germany, are now looking increasingly inviting too. Andy Thomson reports
Weak returns among Canada's heavily government-subsidised labour-sponsored investment funds bring into question their future. Independent venture firms won't shed tears at their demise
Editor's letter 2004-07-02 Staff Writer Happy times are here again for the leveraged finance markets. After three years of bankruptcies and deteriorating credit conditions, companies are having an easier time paying back their loans. According to Moody's, the junk bond default rate dropped to 3.4 percent in
John Riccitiello is stepping down as president of Electronic Arts to set up a media-and- entertainment fund with Silver Lake veteran Roger McNamee.
Venture debt enjoys little of the upside of venture capital, but most of its downside. No wonder this remains a niche play. But with the recent uptick in deal activity in the past twelve months, the handful of venture debt lenders are shifting gears as demand for their capital accelerates. Art Janik provides an overview of the current state of the venture debt market.
A new private equity fund, led by a retired Hicks Muse partner, will seek opportunities in the chronically inefficient healthcare royalties market. David Snow examines this alternative, alternative strategy, and checks in with the only other private equity firm to have executed it – New York's Paul Capital Partners
Germany's weakened economy remains difficult territory for financial sponsors to negotiate. Incumbents dig deep to come up with the goods. Is the hard work paying off, asks Philip Borel
Private Equity International presents the 30 transactions that most inspired admiration, imitation and schadenfreude in the course of this industry's brief history
Anne Glover has recently taken up a new role as chairman of the British Venture Capital Association. She talks to Colm Gilmore about her new position, Japanese river metaphors and the key role that the London Stock Exchange should have in the European private equity market
Private equity firms are undergoing some radical mutations as they flee early stage ventures: but have they got the timing right?