Toby Mitchenall
Pension scheme allocation to the asset class has halved in the last year, according to the latest survey by the NAPF.
The latest draft of the EU’s Directive on Alternative Investment Fund Managers Directive would apply to private equity real estate, private equity and venture managers both large and small.
Following the departure of its German head earlier this year, the financial services-focused private equity firm is parting company with Ravi Sinha, who is replaced by Flowers’ Australia head David Morgan. The firm has also recruited a former UK regulatory boss.
The MENASA-focused firm will use the new capital to seed new funds and possibly make strategic acquisitions.
Apollo- and BC-backed Unitymedia, the cable platform that owns the rights to the German football league, has been sold to a US player for €3.5bn.
Brazil, India and China show increasing independence, while other emerging markets are still overly reliant on factors like export markets, Chip Kaye told delegates at the PEI Emerging Markets Forum in London.
The two private equity firms have partnered with First Republic’s management to carve out the group from BofA for a reported $1bn.
The body that drafted the Directive on Alternative Investment Fund Managers says it did so ’without much time to consult’. Meanwhile Richard Wilson, chairman of EVCA, is urging more LPs to voice their concerns over the proposed new rules.
The founder of Warburg Pincus - the 11th largest private equity firm in the world - was one of the early pioneers of the private equity and venture capital industry. His death reportedly followed a long illness.
The reported $4bn sale of Kosmos Energy to ExxonMobil comes as institutional investors show increasing appetite for natural resources.