Fundraising

Summit Partners is less than $33m away from a $350m target on its credit fund, which launched last year.

Former Credit Suisse Asset Management executive Mark Bourgeois will replace Atlantic-Pacific Capital’s founder, James Manley, as CEO. Manley (pictured) will remain chairman.

Gatekeeper Altius Associates has held a first close for its second fund of funds on $50m after three months on the fundraising trail.

Summit Partners is less than $33m away from a $350m target on its credit fund, which launched last year.

The once harmonious LP community appears to be dividing into different classes, depending on how they invest. This disharmony has forced GPs to tread carefully in explaining why different LPs get different terms

US law firms have been luring fund specialists away from their European rivals as they look to establish a greater foothold in the region. But don’t write off the old guard yet. Claire Coe Smith reports

The storm over Europe is tearing into investment strategies across the continent. However, the private equity opportunity in Germany, according to three market insiders, remains intact.

The once harmonious LP community appears to be dividing into different classes, depending on how they invest. This disharmony has forced GPs to tread carefully in explaining why different LPs get different terms

Distressed debt funds are attracting a lot of capital at the moment. But with banks apparently in denial about the extent of their problems, deals remain thin on the ground

US law firms have been luring fund specialists away from their European rivals as they look to establish a greater foothold in the region. But don’t write off the old guard yet. Claire Coe Smith reports