Fund Management

The Flowers consortium is offering to pay back more of the UK Bank of England’s loan than the Virgin/WL Ross consortium’s bid preferred by Northern Rock’s board. UK Chancellor Alistair Darling is reportedly encouraging rival bids.

Standard Life European Private Equity Trust has seen an increase in net asset value, though its chairman says problems in the global credit markets will mean a quieter period for draw-downs and distributions.

Bill Richardson is the latest Democratic Presidential candidate to join the carried interest debate on Capitol Hill – but unlike his peers, he does not endorse the tax-raising proposals carte blanche.

Bill Richardson is the latest Democratic Presidential candidate to join the carried interest debate on Capitol Hill – but unlike his peers, he does not endorse the tax-raising proposals carte blanche.

Aureos Capital has become the first recipient of capital from a $1.5 billion fund backed by the Kazakhstan government as it attempts to stimulate private equity activity in the region.

A consortium led by Virgin Group and including WL Ross has tabled a preferred bid for struggling UK bank Northern Rock. The bid provides shareholders with a way to benefit from the upside of any turnaround.

A consortium led by Virgin Group and including WL Ross has tabled a preferred bid for struggling UK bank Northern Rock. The bid provides shareholders with a way to benefit from the upside of any turnaround.

Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.

Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.

Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.