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AlpInvest to invest more in distressed companies -paper

December 23rd, 2008

AMSTERDAM, Dec 23 (Reuters) – Dutch private equity investor AlpInvest plans to increase its holdings of distressed companies because the assets offer potentially attractive returns, AlpInvest managing partner Wim Borgdorff told a Dutch paper on Tuesday.
AlpInvest has 75 to 80 percent of its funds, which total more than 40 billion euros ($56 billion), invested in [...]

LPs Bristle at Apollo’s Plans for Huntsman Settlement

December 23rd, 2008

Laura Kreutzer, of Private Equity Analyst, files this dispatch on the behind-the-scenes rancor at Apollo Management over the deal terminating its $6.5 billion buyout of Huntsman. Private Equity Analyst is a Dow Jones publication and a contributor to Deal Journal.
While Apollo Management has closed the door on its dispute with chemical company Huntsman, a related [...]

TPG Said to Allow Clients to Cut Fund Commitments

December 23rd, 2008

Dec. 23 (Bloomberg) — TPG Inc., manager of a $20 billion buyout fund, will allow investors to trim their commitments as they seek to conserve cash amid losses across financial markets, according to a person familiar with the matter.
The firm told clients in a letter that they can hold back as much as 10 percent [...]

Private equity deals at five-year low

December 23rd, 2008

NEW YORK (Reuters) – Private equity deal volume sank to a five-year low in 2008, one of the industry’s roughest years ever, and 2009 is unlikely to get any easier as firms struggle to find deals, keep portfolio companies above water, and pacify increasingly restless investors.
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India Inc M&As defy market volatility in 2008

December 22nd, 2008

MUMBAI: One would think the subprime credit crisis, fluctuating commodity and equity prices and the closure of a myriad large investment banks and Investment Tips India Inc on crossroads other financial institutions could have dealt a body blow to M&A and private investment activity in the country.
Not quite so.
Despite recent events, India has seen some [...]

2009 Could Herald Strong Returns for Private Equity

December 22nd, 2008

Low confidence could mean strong returns for those investing in private equity, according to private investor syndicator Hotbed. Based on historic data, next year could offer strong returns for investors in private equity as investments made at the depth of the last recession saw 80 per cent annual returns.
According to Hotbed, investments made in private [...]

China’s SSF to Boost Private Equity Holdings

December 18th, 2008

China’s largest pension reserve fund is committing 10% of its AUM, or around $7.3 billion, to domestic private equity investments.
China’s National Council for Social Security Fund (SSF) is looking to expand its private equity exposure and further its risk management techniques in relation to the asset class. The SSF operates and manages the assets of [...]

Private Equity Industry in the UAE Set to Change

December 18th, 2008

The UAE, the second leading recipient of private equity (PE) investments in the Middle East, is likely witness a natural shift in the industry’s business model over the next 3-5 years towards larger and more sophisticated deals.
According to a report by Dun & Bradstreet (D&B), a leading financial data and business knowledge provider, PE industry [...]

Private Equity Can Improve Employee Relations, EVCA and CMBOR Find

December 10th, 2008

Private equity ownership of a company often has a positive impact on employee relations, according to a new study by the Centre for Management Buyout Research, conducted in association with the European Private Equity and Venture Capital Association.
The study looked at measures including changes to real earnings, occupational pension schemes, employee consultative committees and trades [...]

Florida pension fund will be “staying the course”

December 10th, 2008

The State Board of Administration, chaired by Gov. Charlie Crist, approved minor investment strategy changes for Florida’s public employee pension plan Tuesday after consultants advised against major revisions.
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