With valuations proving a point of contention between would-be vendors and acquirers, sales of private equity portfolios to secondary buyers have been relatively subdued in recent months. But the need to free up capital means action will have to be taken sooner rather than later – and that's why secondaries specialists believe a highly productive period lies ahead. Andy Thomson reports.
8 min read · 12 January 2013
The drive to reduce carbon emissions is bringing about profound change in the business world. Sam Richardson argues that alternative assets will not be immune from the effects.
5 min read · 12 January 2013
Financial sector stocks have fallen, causing many to wonder whether a handful of high-profile private equity deals were ill-timed.
4 min read · 12 January 2013
Strong appetite for a new fund of funds included investors looking to switch out of larger funds and into the mid-market.
6 min read · 12 January 2013
The beleaguered Australian infrastructure specialist is reviewing Babcock & Brown Capital, a move that follows its purchase of another satellite fund’s management rights and highlights the difficulties the satellite fund model has faced in the wake of the global credit crisis.
3 min read · 12 January 2013
Institutional investors are ramping up their commitments to distressed debt funds, but which asset class they fit into becomes complex when those commitments end up in credit vehicles raised by traditional buyout firms, according to CalSTRS CIO Chris Ailman.
2 min read · 12 January 2013
The pair have teamed up to acquire a package of 28 assets. It is the first UK deal by Curzon and affiliate AEW Europe since it closed the European Property Investors Special Opportunities fund on €800 million in May.
1 min read · 12 January 2013
European venture deals have hit a nine-year low. But Germany and cleantech remain bright spots, writes Amanda Janis.
2 min read · 12 January 2013
The Southern California plant nursery operator, partly owned by CalSTRS, has selected turnaround specialist Black Diamond as its stalking horse bidder. Hines has also secured $62 million in debtor in possession financing from its lenders, which include Cerberus-owned GMAC Commercial Finance.
2 min read · 12 January 2013
The emerging markets specialist has executed another African PIPE deal, this time taking part of Tunisia’s largest listed company.
2 min read · 12 January 2013
