Fundraising

The Central and Eastern Europe focused firm has fully divested its stake in the Slovakian mobile operator.

Trumpeting what the firm describes as an overall 27% gross IRR, Kohlberg Kravis Roberts has wrapped up the fundraising for its second European vehicle, closing €1.5bn over target with the €4.5bn fundraise.

A final close for Kohlberg Kravis Roberts’s second European fund could be announced in the coming weeks, according to market sources. The fund is said to have corralled €4.5 billion in commitments.

Calvert Street, the former private equity crew of Legg Mason, has corralled $225m for its latest fund after introducing itself to an institutional investor base.

Michael Pilson of DuPont Capital Management talks to Robert Venes about the role of turnaround, restructuring and distressed funds in his firm’s private equity investment portfolio.

Trumpeting what the firm describes as an overall 27% gross IRR, Kohlberg Kravis Roberts has wrapped up the fundraising for its second European vehicle, closing €1.5bn over target with the €4.5bn fundraise.

Following an exit from its investment in a Russian cable firm last week, Delta Equity Partners has sold its entire shareholding in DeltaCredit Bank to Société Générale.

Superannuation funds have made a major contribution to the development of private equity in Australia. Now, they face a new challenge: to diversify their portfolios internationally. Andy Thomson reports.

Australian buyouts have delivered strong returns in recent years, and new funds being marketed are in demand as never before. But as the level of capital in play increases, is it time to worry about competitive pressures? Andy Thomson finds few are panicking just yet.

Armed with a debut fund, Christopher Flowers, a major force behind the Shinsei success, is making a splash in Europe's financial services sector.