Several of the world’s biggest private equity firms are already consulting with LPs about their next funds, but uncertainties about the pace of dealmaking and size of allocations are hampering these efforts.
Private equity generated the highest return of VRS’ assets, outperforming the overall fund by 11.6 percentage points.
Lehman Brothers’ listing of a fund of funds vehicle has attracted significant investor demand, including an 84 percent allocation of its greenshoe, showing that successful fundraising is still possible despite the recent volatility in the public markets.
Asia’s private equity report card for the first half of this year is out: fundraising has surpassed last year’s record levels but transaction value has fallen compared to the first six months of 2006.
The Dallas-based private equity firm is being sued by Accredited Home Lenders after it said Friday it may back away from its previously agreed $400 million buyout of the subprime mortgage company. Lone Star has extended the tender deadline.
US regional airline Midwest has turned down discount airline AirTran’s buyout offer in favour of a higher, $400m bid by TPG Capital and Northwest Airlines. A formal agreement is expected in days.
Limited partners and their advisors have conflicting views on the $21.7 billion Blackstone fund closed this week, disagreeing on whether its record-setting size means more problems or advantages for LPs.
Duke Street Capital’s sixth fund has broken the €1 billion mark, providing some welcome news to the buyout firm after a summer where it has had to endure some negative coverage.
In Denmark, a law has been passed to remove the favourable tax status enjoyed by leveraged loans.
Separate reports from two leading authorities on the private equity market have thrown a positive light on the recent upheavals in the debt markets.