Fund Management

Vittorio Pignatti Morano, Lehman’s former co-head of European M&A, has been appointed to head up the global investment bank’s European private equity activities.

The profile of senior secured debt continues to increase in Europe and the UK as private equity firms target distressed opportunities. By Aaron Lovell.

Although mezzanine remains the subordinated debt instrument of choice for many sponsors in Europe, life is tough for specialist providers today. But, as Joanna Hickey reports, the specialist funds remain upbeat – insisting that, with rising volumes, their sponsor relationships and their own adaptation to market changes, they are still getting enough work.

In April, Private Equity International gathered together a group of leading European private equity professionals to reflect on deepening liquidity in the leveraged finance market. The rise of the institutional investor was a major talking point, reports Andy Thomson.

WL Ross & Co.'s head and namesakeWilbur, Ross, is poised to strike each time an industry enters a downturn. Ken MacFadyen sat down with him to hear what lies on the horizon for one of the best-known trouble-seekers in the investment industry.

KKR is about to test the market's appetite for listed LBO funds.

Mike McCook charted a new course in real estate investment for the state retirement system. Will his successor continue his strategy?

Kohlberg Kravis Roberts and Texas Pacific Group join a number of high-profile private equity firms looking towards the distressed sector with new hedge funds. By Aaron Lovell.

The Pennsylvania Public School Employees’ Retirement System (PSERS) publicised its 2005 investment performance, which was buttressed by strong growth in its alternatives portfolio.

Evercore Capital Partners has agreed to take over Davis Petroleum in a $150m management recapitalisation. Sankaty Advisors and Red Mountain Capital Partners are co-investing in the deal.