The $154bn pension system will review a private equity business plan next week that shows a focus on reducing costs by creating separate accounts and expanding the co-investment programme.
3 min read · 15 January 2013
While asset allocation to private equity remains relatively low at 11%, half of those surveyed in a recent LPEQ and Scorpio Partners study plan to increase their holdings in the asset class in the next year.
2 min read · 15 January 2013
What are the possibilities and limitations of the bond market as far as infrastructure investors are concerned? Spence Clunie of Ancala Partners and Anthony Forshaw of Deutsche Bank explore the question with reference to Moto, a deal they both worked on
9 min read · 15 January 2013
The European Investment Bank is facing one of its most daunting challenges: creating a vibrant infrastructure bond market that will one day stand on its own two feet. The bank’s president, Philippe Maystadt, tells Bruno Alves why he’s itching to make this happen sooner rather than later
9 min read · 15 January 2013
Germany has delivered robust economic performance and a surfeit of investment opportunities – so why are three of the country’s private equity professionals wary about the country’s future prospects?
10 min read · 15 January 2013
One year on from floating its management company and 35 years after its founding, Kohlberg Kravis Roberts continues to aggressively expand and refine its franchise. In a rare in-depth interview, co-founder George Roberts discusses both the firm’s and private equity’s ongoing evolution as they move past credit crisis ‘hiccups’ and closer to maturity.
10 min read · 15 January 2013
Valuing portfolio companies based on a discounted cash flow approach is controversial when applied to private equity. We discover why valuation experts still consider it the most appropriate method for infrastructure.
4 min read · 15 January 2013
The Teacher Retirement System of Texas is intent on setting its own agenda when it comes to private markets deals.
10 min read · 15 January 2013
A wave of incoming regulations is helping fuel activity in the secondaries market, which for some GPs means big compliance headaches.
8 min read · 15 January 2013
The ratings agency has said in a note that the EIB’s proposals to get the capital markets back into infrastructure financing ‘would be capable of credit-enhancing PPP project bonds from low investment-grade to single-A ratings’.
2 min read · 15 January 2013
