The state has set aside new allocations to private equity, debt and infrastructure and for the first time is searching for managers to invest in timber assets.
Private equity professionals are a competitive bunch. But many were likely toasting Cinven’s sale of Phadia this week as further evidence that boom-era buyouts can prove profitable.
While performance-based carried interest will be paid out to even the worst-performing funds which invested in the run-up to the industry's golden era, those raised during the boom may fail to pay any carry at all, new research shows.
They have many names: 'Family Enterprises', 'Family-backed Investors', 'Family Offices' and 'Family funds under management'. The credit crunch has resulted in major changes to the way large families who run their own investment vehicles think and how they invest their money, writes Mike Reid, managing partner of Frog Capital.
Former Towerbrook Capital Partners managing director John Sinik has launched a debt fund management business which is hoping to raise at least €300m for its maiden vehicle.
The Dallas private equity firm was the biggest riser in the 2011 PERE 30 ranking, thanks to successful capital-raising for its second real estate fund. Meanwhile, consolidation, business exits and strategic shifts among bank-sponsored platforms began to manifest themselves in this year’s ranking.
The firm told LPs at its annual meeting that it will hit the fundraising trail in about 18 months and target $3bn with a hard-cap of $4bn, putting it in line with others managers now raising smaller funds than predecessor vehicles.
The Hong Kong-based investment management firm expects the hybrid hedge and private equity fund to reach $1bn in AuM within three years.
Kohlberg Kravis Roberts’ China Growth Fund hit the $1bn mark in March, but the firm’s existing Asia portfolio was the main attraction at its first-ever investor day.
Limited partners have been slowly opening up to new VC relationships now that the industry has shrunk and top managers are back to courting investors