Fund Management

With default rates in the US at historic lows, financial sponsors of leveraged buyouts, as well as the providers of that leverage, are feeling confident about the future. But are seeds of destruction being sown amid the optimism? By Wanching Leong.

Private equity firms are facing unprecedented scrutiny when it comes to transparency and disclosure. Ratings agencies may be able to ease the pressure, argues Paul Watters.

Specialist credit funds have revolutionised the leveraged loan market. But could this mean trouble for the private equity industry when things start to go wrong? James Taylor and Andy Thomson report.

Andy Thomson looks at why European debt providers may increasingly have to accept losing influence over private equity's portfolio companies.

CalPERS is preparing to become a major investor in infrastructure.

The private equity firm is committing $100m to a joint venture with Williamsburg, Virginia-based hotel REIT MHI.

Esprit Capital Partners has sold its stake in fraud software business Neteconomy, as it hits the exit trail ahead of another fundraising round.

The fund management arm of Permira’s biggest investor is set to close its latest structured product on €700m, above its original target of €500m.

The fundraising carousel remains in full swing, and limited partners are struggling to cope with the pace. With strong distributions driving new commitments, few practitioners are preparing for a slowdown. Philip Borel reports.

Nikko Principal Investments has sold UK firm RoadChef to an Israeli real estate group for £375 million. Nikko had owned the motorway service station chain for nearly ten years.