Fund Management

In search of distress

With Asia’s economies still booming, restructuring opportunities are thin on the ground. That’s just how some distressed specialists like it, writes Brett Cole

Back to basics

Michael Huber is quietly guiding TMT-focused Quadrangle back from the brink of chaos. But raising a Fund III remains far from certain as the firm focuses on investor relations and portfolio management, finds Christopher Witkowsky.

'Triple-A' private funds

A new era of transparency and reporting could open the door wide enough for one innovative group to craft a Moody’s type-service for buyout funds. The benefits for star managers could be greater exposure to LPs and making it easier to negotiate management fees, writes Nicholas Donato.

Embattled SHUAA loses PE head

Anis Bibi has resigned from Dubai-headquartered SHUAA Capital, which is slashing 11% of its workforce amid first quarter losses.

Alaska has $1.35bn for PE

The state has set aside new allocations to private equity, debt and infrastructure and for the first time is searching for managers to invest in timber assets.

KKR, IFC in $97m Magma deal

The US buyout shop and the IFC have taken almost equal minority stakes in Bombay-listed non-banking finance company Magma Fincorp.

Carlyle returns $7.5bn to LPs(2)

The global alternatives group distributed $6.4bn to investors in the first quarter this year, almost as much as the $7.5bn it returned in 2010, according to the David Rubenstein-led firm’s annual report.

Carlyle returns $7.5bn to LPs

The global alternatives group distributed $6.4bn to investors in the first quarter this year, almost as much as the $7.5bn it returned in 2010, according to the David Rubenstein-led firm’s annual report.

FE, FI, FO, FUM

They have many names: 'Family Enterprises', 'Family-backed Investors', 'Family Offices' and 'Family funds under management'. The credit crunch has resulted in major changes to the way large families who run their own investment vehicles think and how they invest their money, writes Mike Reid, managing partner of Frog Capital.

Ex-Towerbrook MD launches own venture

Former Towerbrook Capital Partners managing director John Sinik has launched a debt fund management business which is hoping to raise at least €300m for its maiden vehicle.