Fundraising

In the current economic climate, one of the hottest subjects in private equity has to do with the way the private equity funds deal, if at all, with limited partners who refuse to honour their commitments and reject capital calls. Joe Bartlett drafts a solution.

Carlyle backs Accucard financing; Sofinnova supports esmertec second round

Who is shaping the industry? The question is important, because private equity, despite its becoming a more mainstream, institutionalised asset class, fundamentally remains a people's business. Private Equity International picks the people who make all the difference in European private equity.

One of the hottest subjects in private equity has to do with the way private equity funds deal, if at all, with limited partners who refuse to honour their commitments and reject capital calls. Joe Bartlett drafts a solution.

The French firm has completed the fundraising for its mid-market Perfectis I fund.

The buyout firm has acquired the ground handling business of Swissair Group despite unforeseen delays.

Following a SFR90m loss for the nine months ending December 31, the listed Swiss fund of funds says the decline of its share price is slowing down.

Private equity is often described as a long-term game and many investors read this as code for the asset class' inherent illiquidity. But now securitisation has come to private equity with the potential of dramatically changing the landscape. Private Equity International looks at recent developments.

News: Deals 2002-03-01 Staff Writer <b>Coller Capital makes first exit from Lucent portfolio</b><br />Pequot Capital Management and New Venture Partners, the New Jersey-based venture capital operation controlled by UK private equity secondaries specialist Coller Capital, have partially dive

Rigorous insurance due diligence is key in the buyout process if nasty surprises are to be avoided. It can also boost a bidder's bargaining position, finds Philip Borel.