Fund Management

Anne Glover has recently taken up a new role as chairman of the British Venture Capital Association. She talks to Colm Gilmore about her new position, Japanese river metaphors and the key role that the London Stock Exchange should have in the European private equity market

Private equity firms are undergoing some radical mutations as they flee early stage ventures: but have they got the timing right?

Europe's mezzanine market is flush with capital, and more investors are looking to gain access. Philip Borel finds out what market practitioners make of it all

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

The two firms are equally partnering with company management to acquire technology services company BBNT Solutions, the creator of the first network e-mail, from Verizon.

New Enterprise Associates enjoys success with SMIC IPO

A recent ILPA meeting focused on the secondary market and the allure of liquidity

Techno Venture Management, the German-US venture capital firm, has promoted Stephen Hoffman to general partner and Josef Moosholzer to venture partner.

Sterling Capital Partners is backing the nationwide expansion of Florida Coastal School of Law, a for-profit law school.