Fundraising

Distressed funds call on Conversus

As unfunded commitments are looking harder to meet, the Euronext-listed fund of funds is receiving increased calls from its managers of distressed funds.

Golden Gate buys industrial silica producer for $337m

The San Francisco-based private equity firm acquired US Silica from Harbinger Capital Partners in a deal including more than $102m in debt.

Notes from the frontline(3)

A changing economic landscape means private equity portfolios must be examined through a new lens, writes Steve Moseley.

CalPERS: ‘Discussing’ capital call timings with GPs ‘not unusual’(2)

While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.

CalPERS: ‘Discussing’ capital call timings with GPs ‘not unusual’

While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.

Apollo Euronext fund sees 27% NAV decrease(2)

Citing a ‘challenging economic climate’ and volatile debt markets, the buyout firm’s listed investment fund wrote down $500m of its private equity co-investments in deals including Harrah’s.

Nordic closes €4.3bn Fund VII

The Northern European buyout firm has more than doubled the size of its previous fund, and opened offices in Oslo, Frankfurt and London.

Apollo Euronext fund sees 27% NAV decrease

Citing a ‘challenging economic climate’ and volatile debt markets, the buyout firm’s listed investment fund wrote down $500m of its private equity co-investments in deals including Harrah’s.

Notes from the frontline – Thomas Gibian, Emerging Capital Partners

In the midst of the global economic storm it is more important than ever for private equity firms to do what they do best – due diligence, writes Thomas Gibian.

ShaPE to sell CHF51m in fund interests(2)

The Switzerland-listed fund of funds is selling its stakes in seven private equity funds in order to free up cash for capital calls and further fund commitments.