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The Philadelphia private equity firm and the merchant banking arm of the investment bank Greenhill & Co. team up for another investment in the financial services industry, investing $40m for a minority stake in the specialty finance company.
The current increase in fundraising activity is good news for placement agents. But intense competition for mandates and a sharpened focus on professional standards means a shakeout in the industry is likely to occur, writes Philip Borel.
Governor Schwarzenegger wants CalPERS to become a ‘defined-contribution’ plan. Is this a harbinger of the end of days for traditional public pensions in private equity?
Private equity securitisation as a fundraising technique had all but disappeared from view. Then two collateralised debt obligations, SVG's Diamond and Tenzing from Invesco Private Capital, braved the market in 2004. Will there be others, asks Philip Borel
The new head of CalPERS' $20 billion private equity programme plans to expand from the powerful platform he built alongside his former boss, Rick Hayes. David Snow visited Leon Shahinian at 400 P Street to learn more about the tastes, ambitions and challenges of this Sacramento native
Leon Shahinian has been appointed senior investment officer for CalPERS’ influential $20bn alternative investment programme, replacing previous incumbent Rick Hayes.
Weak returns among Canada's heavily government-subsidised labour-sponsored investment funds bring into question their future. Independent venture firms won't shed tears at their demise
The return of strategic buyers in the US is giving a long-awaited boost to exit opportunities for private equity firms. Conditions for exiting appear particularly compelling for smaller portfolio companies.William Kan, CFA and Georgiana Fung, strategists with Merrill Lynch Small Cap Research, dissect the changes that newly acquisitive corporations have brought to the US private equity landscape
Continental Europe is today's destination of choice for big buyout
The maturation of the private equity market is creating a new class of investors who are faced with a luxury of choices: in-house versus outsourced investment staff; separate accounts vs. funds of funds, set menus versus ‘Chinese menus.’ Be careful what you order. David Snow reports
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