Many general partners' recent letters to investors have sought to reassure that, despite market turbulence, current portfolios remain healthy overall and investment capabilities credible. Several firms' founders have also offered perspectives on general economic conditions. Private Equity International here provides excerpts of five “Dear LP” letters issued during the first quarter.
Established in 1972, and responsible for private equity's first-ever fund of funds, Adams Street Partners is not the kind of organisation to flee in fright when a market downturn looms over the horizon. Andy Thomson and Philip Borel met with Bon French and Hanneke Smits in London to find out more about the firm's history, its take on current conditions and its broad-mindedness when it comes to manager selection.
The Canada Pension Plan Investment Board moves very large sums of money in and out of private equity. Direct investment is a key component of its strategy finds Philip Borel.
Having listed on the London Stock Exchange in May, Kuwait's Global Investment House has now opted to raise a new fund there as well.
Investor support for private equity fund managers continues to rise, in spite of concerns that some are not sticking to the agreed script.
The French alternatives firm has smashed its initial fundraising target of €300m against a difficult market backdrop, a week after selling a stake in the management company to Spanish firm N+1.
The beleaguered airline has secured $75m in debtor-in-possession financing and $100m in equity from the Washington DC-based firm.
The beleaguered airline has secured $75m in debtor-in-possession financing and $100m in equity from the Washington DC-based firm.
The semiconductor giant’s venture capital wing will make commitments to Yatra.com, BuzzInTown.com, and Emnet Samsara Media from its $250m dedicated India fund.
The semiconductor giant’s venture capital wing will make commitments to Yatra.com, BuzzInTown.com, and Emnet Samsara Media from its $250m dedicated India fund.