The Philadelphia private equity firm and the merchant banking arm of the investment bank Greenhill & Co. team up for another investment in the financial services industry, investing $40m for a minority stake in the specialty finance company.
There's no denying that the mid-market remains the major talking point in a French private equity market wrestling with competition and overly aggressive leverage. But, just over the horizon, lies a vision of a mature industry populated by well-differentiated managers. Andy Thomson reports.
The current increase in fundraising activity is good news for placement agents. But intense competition for mandates and a sharpened focus on professional standards means a shakeout in the industry is likely to occur, writes Philip Borel.
Governor Schwarzenegger wants CalPERS to become a ‘defined-contribution’ plan. Is this a harbinger of the end of days for traditional public pensions in private equity?
Texas Pacific's quest to buy an Oregon electric utility has been hampered by politics, scandal and regulatory strife
Private equity securitisation as a fundraising technique had all but disappeared from view. Then two collateralised debt obligations, SVG's Diamond and Tenzing from Invesco Private Capital, braved the market in 2004. Will there be others, asks Philip Borel
In 2002, Guy Hands took his team of professionals at Nomura Principal Finance Group and spun out from the Japanese securities house. Since then, Terra Firma has raised a multi-billion Euro fund and been trawling Europe for assets. But for Hands there has also been the small matter of growing and managing the business. In January, Philip Borel stopped by the group's new home on the South Bank of the River Thames to ask how things were going
SVG Advisers, the fund advisory arm of London-listed private equity fund of funds SVG Capital, has raised €400m through a collateralised fund obligation (CFO) fund.
Joe Bartlett explains the fundamental characteristics of a pledge fund.
A private equity syndicate led by Newbridge Capital is reported to be close to acquiring a one third stake in Japan’s leading consumer finance group.