The UK government will today unveil plans to unlock further investment into infrastructure by doubling the amount that local councils can allocate to limited partnerships from 15% of their pension fund capital under management to 30%.
2 min read · 15 January 2013
The bank will kick-off the pilot phase for its project bond initiative tomorrow. The bank has €230m of EU money to credit-enhance up to €4.4bn of transport, energy and broadband deals. The success of the pilot phase will determine the fate of a planned 2014 rollout.
2 min read · 15 January 2013
Delegates at the 2012 BVCA Summit in London probably expected an uneventful industry conference. Instead, they got a scathing criticism of GPs from one of the UK’s leading investors
2 min read · 14 January 2013
CFO Jonathan Schmugge and general counsel Martin Auerbach are two of the four professionals named senior managing director-partner. The promotions come as Z Capital targets $500m for its second special situations fund.
2 min read · 14 January 2013
The Nordic region is largely free of the macroeconomic issues afflicting the rest of Europe, so it’s attracting an ever greater share of the region’s private equity capital. But these small, export-driven economies are still exposed to the problems further south, which is constraining dealflow. And in Sweden, the threat of swingeing tax hikes – not helped by an ongoing image problem – is putting the entire future of the local industry under real threat. James Taylor went to Stockholm in October to ask five leading players how they’re adapting to the changing world
10 min read · 14 January 2013
With its unusual deal sourcing model and its willingness to back entrepreneurs throughout the cycle, US-based growth investor Summit Partners continues to plough a profitable furrow in a crowded segment, writes Christopher Witkowsky
10 min read · 14 January 2013
The Blackstone Group and AnaCap Financial Partners are planning to invest in Europe’s banking and financial services sector. Deals will include capital from Blackstone Capital Partners VI.
1 min read · 14 January 2013
Federal subdivisions of Germany plan to scrap Germany’s carried interest tax exemption, in effect increasing its tax rate by 20 percent.
2 min read · 15 January 2013
The firm, in which TPG Capital owns a 5% stake, beat its $800m target and closed on $997m. The fund is one of a number of distressed vehicles focusing on opportunities in both the US and Europe.
2 min read · 14 January 2013
As the exit market continues to be challenging, dividend recaps remain a tempting exit option for private equity firms. Loan volume for dividend recaps is now the highest since 2007, according to research.
4 min read · 14 January 2013
