Fundraising

Fundraising is proceeding at a fair clip amid signs that even the larger funds are still in favour. It is clear that investors are keeping the faith. But will they do so indefinitely, asks Andy Thomson?

Having come close to its €4 billion target, the European buyout firm is looking to wrap up fundraising by May.

Having come close to its €4 billion target, the European buyout firm is looking to wrap up fundraising by May.

CVC, led by chairman Michael Smith, has raised Europe’s largest-ever private equity fund in spite of credit market problems making larger buyouts difficult to achieve.

CVC, led by chairman Michael Smith, has raised Europe’s largest-ever private equity fund in spite of credit market problems making larger buyouts difficult to achieve.

With $10 billion in fresh powder for global real estate investment, Blackstone is adding to its Asian firepower with a Hong Kong office, president Hamilton James has told PERE.

Billionaire Wilbur Ross has agreed to provide growth capital to MBIA competitor Assured Guaranty.

Pantheon Ventures’ listed fund of funds achieved a rise in net asset value per share during the second half of 2007, which ensured that it outperformed stock market benchmarks.

In spite of the credit crunch, the global mega funds took centre stage in the Private Equity International Awards 2007. Mid-market resilience also found favour with voters in the only truly democratic private equity awards.

With $10 billion in fresh powder for global real estate investment, Blackstone is adding to its Asian firepower with a Hong Kong office, president Hamilton James has told PERE.