Private Equity Manager sought out feedback from several different private equity players with regard to 'Private Equity Principles' just released by the Institutional Limited Partners Association. The LP-friendly suggested partnership terms are seen by some non-LPs as less than perfect.
9 min read · 08 February 2013
The EU is still in the process of adapting its controversial Directive on Alternative Investment Fund Managers after a storm of criticism from the affected managers and plenty of disagreement among the member states. In the meantime, here is what private equity firms need to worry about in the current proposal. By Marcia MacHarg, Anthony McWhirter, Philipp von Holst and Ina Maria von Raven of Debevoise & Plimpton
8 min read · 08 February 2013
The southern US state’s first PPP has been suspended just days before the bid submission deadline for the 12 mile toll road. Officials blame the suspension on the credit crisis and the recession, which have made it difficult for several other PPP procurements to reach completion this year.
3 min read · 08 February 2013
The Silver Lake- and TPG-backed company won out over a joint venture between Siemens and The Gores Group, despite protests from creditors including MatlinPatterson.
2 min read · 08 February 2013
The private investment firm's distressed debt fund was 50% oversubscribed.
1 min read · 08 February 2013
Jon Moulton’s resignation letter to LPs boldly advises winding down the firm’s non-traditional fund and breaking up the portfolio – a suggestion not lost on rivals and secondary investors.
2 min read · 08 February 2013
Part of the US-based venture firm’s three-member India investment team, they will remain with Battery until Fund VIII is invested.
1 min read · 08 February 2013
A group of LPs has asked Sun Capital for the ability to shrink commitments to its $6bn fifth fund because of ‘liquidity issues’ and asset allocation imbalances.
2 min read · 08 February 2013
The Hong Kong-based firm has hired four professionals from Deutsche Bank’s Asia-Pacific distressed products group.
2 min read · 08 February 2013
The firm has hired four professionals from Deutsche Bank’s Asia-Pacific distressed products group.
2 min read · 08 February 2013
