Editor's letter 2007-10-01 Staff Writer Amid the fevered press coverage of the credit crunch, the sentiments of an anonymous investment banker quoted by the UK's <italic>Sunday Times</italic> perhaps best sum up the mood: “People are spooked, there is a feeling that there are some surprises out t
The US private equity mid-market – made up of hundreds of firms but controlling only half the capital in the market – has been somewhat insulated from the turmoil of the megafund deal market. While it faces an altered landscape, the mid-market's challenges are being offset by greater interest from foreign strategic buyers as well as returns-minded LPs. David Snow reports.
An examination of the 1998 vintage year for buyout funds shows weak returns, on average. But the so-called credit crunch of that year had little to do with this underperformance. Those worried about the performance of the current vintage year should pay more attention to the economy and to the skills of individual GP groups, reports David Snow.
Just weeks after raising South America's first billion-dollar fund, GP Investimentos signed the region's largest-ever buyout agreement.
Germany's association of alternative investors is unimpressed with the government's effort to reform private equity legislation.
Two recent exits further Noson Lawen's point that small is beautiful.
In a pre-close results statement published today, FTSE 100-listed 3i said its multi-strategy investment model will make it easier to deal with any fallout from the debt market turmoil.
Trade buyer Towergate has bought IT company Open International from Montagu Private Equity, led by Chris Masterson, indicating trade sales are still viable as an exit route.
Several US investment banks this week revealed billions in losses stemming from unsyndicated leveraged loans, while a new study has found Lehman Brothers is significantly more overextended than its peers.
The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein's firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.
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