Market economies don't come much more turbulent than Russia's. To a growing number of private equity practitioners though, therein lies part of its attractiveness. In the wake of a major terrorist attack and a constriction of government controls, general partners active in the country tell Art Janik that Russian risk remains worth taking
The new head of CalPERS' $20 billion private equity programme plans to expand from the powerful platform he built alongside his former boss, Rick Hayes. David Snow visited Leon Shahinian at 400 P Street to learn more about the tastes, ambitions and challenges of this Sacramento native
Private equity firms are making inroads into Germany's corporate debt markets
Having spent over three decades in the industry, Sir Robert Smith is a big name in UK private equity. Now retired (well, kind of), a recent non-executive appointment to the board of directors of 3i Plc means the veteran dealmaker is about to return to the action. Here he talks to Philip Borel about where British private equity came from and where it is going
Weak returns among Canada's heavily government-subsidised labour-sponsored investment funds bring into question their future. Independent venture firms won't shed tears at their demise
Palamon Capital Partners, the pan-European investor focused on the services sector, has completed its second major deal in Scandinavia with an investment in Stockholm-based start-up Nordax Finans.
What is my portfolio worth? Valuation guidelines remain a big topic for every LP and GP active in the asset class. As private equity investments by both venture capital and buyout funds grow increasingly complex and spread across borders, the necessary uniformity in valuation practices is becoming more of a reality, say Colin Blaydon and Fred Wainwright of the Center for Private Equity and Entrepreneurship at the Tuck School of Business at Dartmouth.
The return of strategic buyers in the US is giving a long-awaited boost to exit opportunities for private equity firms. Conditions for exiting appear particularly compelling for smaller portfolio companies.William Kan, CFA and Georgiana Fung, strategists with Merrill Lynch Small Cap Research, dissect the changes that newly acquisitive corporations have brought to the US private equity landscape
Onex Partners, the $1bn-plus private equity fund controlled by Canadian conglomerate Onex Corporation, has completed its first investment, taking a 24 percent stake in US healthcare group Magellan in a $100m deal.
The maturation of the private equity market is creating a new class of investors who are faced with a luxury of choices: in-house versus outsourced investment staff; separate accounts vs. funds of funds, set menus versus ‘Chinese menus.’ Be careful what you order. David Snow reports