Partners of private equity funds tend to maintain barbell asset allocations, where safe harbor assets counterbalance concentrated procyclical risk in their firms and portfolio companies.
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The Australian Taxation Office will release its long-awaited final rulings on private equity companies on Wednesday.
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So many conferences are held in Hong Kong that it is hard to believe one could ever be full. Yet in mid-November the Asian Venture Capital Journal (AVCJ) was forced, with regret, to turn away customers from its private-equity meeting. There was simply no room for the hordes of European and American investors stopping in Hong [...]

When Carlyle Group, the US private equity firm, unveiled what would have been the first direct foreign buy-out of a state-owned Chinese enterprise the reaction in Beijing was not quite what they had hoped.
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Much like the obliterated M&A boom, private equity all but collapsed when the financial crisis hit.  Now some deals are getting done, but a good chunk of them cost their buyers a pretty penny.
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When Citadel Capital, an Egyptian private equity firm, acquired the shares of the struggling initial leader of Sheltham, the Rift Valley Railways consortium, it went head to head with Kenya’s Trans-Century, one of the country’s largest private equity firms.
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Christian Nolting, lead Asia-Pacific strategist and regional head of portfolio management at Deutsche Bank Private Wealth Management, explains why Asia’s economic strength looks set to continue and how this will bring opportunities for high-net-worth-investors in private equity.
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With the stock market rallying 16 percent from the end of June through Nov. 19, private equity firms are finding it easier to take their holdings public—in some cases, that is. Since July 1, buyout firms have sold shares in a dozen of their companies, with 10 of them trading above their initial public offering [...]

One of the more dispiriting aspects of today’s financial landscape is the way big banks are shedding their private equity divisions.
This is largely the result of regulatory perversity. But, ironically, those divisions could, if properly handled, provide just the kind of funding for smaller enterprises that the banks are so bad at providing themselves.
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Even for distressed investors, nothing is cheap these days.
The oft-referenced private equity overhang has caused pricing to come up on deals that distressed investors say aren’t worth the multiples they’re commanding, according to a panel at Argyle Executive Forum’s recent Leadership in the Private Capital Markets conference in New York.
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