Fundraising

Founded in 2009 by senior members of the Lehman Brothers Asia special situations group, SSG's latest pan-Asian vehicle was oversubscribed and has now deployed around one-third of its capital.

Firms including Bain, Apax and CCMP are pledging significant sums to better align interests with investors, many of whom want to see ‘cash up front’.

European infrastructure investors may well be hoping the UK fails to get its way in the battle over the EU budget.

The firm, which launched its formal distressed team in 2010, has begun raising a dedicated fund for the strategy.

Europe’s bad fortune has been Asia’s opportunity, as infrastructure players from the region have risen to fill the funding gap. Japanese organisations have been at the forefront of this change, writes Mirzaan Jamwal

The Hong Kong-based private equity real estate firm has opted to finish capital raising before reaching its original $500 million target in order to focus its efforts on taking advantage of current, attractive market conditions, particularly in China.

CFO Jonathan Schmugge and general counsel Martin Auerbach are two of the four professionals named senior managing director-partner. The promotions come as Z Capital targets $500m for its second special situations fund.

With its unusual deal sourcing model and its willingness to back entrepreneurs throughout the cycle, US-based growth investor Summit Partners continues to plough a profitable furrow in a crowded segment, writes Christopher Witkowsky

The firm, in which TPG Capital owns a 5% stake, beat its $800m target and closed on $997m. The fund is one of a number of distressed vehicles focusing on opportunities in both the US and Europe.

As the exit market continues to be challenging, dividend recaps remain a tempting exit option for private equity firms. Loan volume for dividend recaps is now the highest since 2007, according to research.