ILPA

Private Equity Investors In Latin America Take On Active Roles

slawrence@ilpa.org — Thu, 17 May 2012 14:15:54 +0000

NEW YORK (Dow Jones)–Private equity buyers in Latin America exercise an active role in the companies they take a stake in, despite their minority ownership positions, according to a study released Wednesday.

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Private equity and the campaign

slawrence@ilpa.org — Wed, 16 May 2012 13:09:58 +0000

Here’s a topic you’ll hear a lot about in the general election: private equity. And you can thank one of Mitt Romney’s Republican opponents for that — Newt Gingrich.

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Private Equity Investors Should Look to Environmental and Social Sustainability

slawrence@ilpa.org — Wed, 16 May 2012 13:08:12 +0000

Investors of all stripes are moving more of their money into developing countries, including the poorest and least developed countries. It makes sense. Economic growth in the developing world has outpaced that of the developed world for several years. Rising middle classes in emerging markets will likely accelerate this trend in the decades to come. So it is no surprise that private equity firms are following stock market investors into the frontier markets.

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China Kicks U.S. Private Equity Aside as Local Funds Rise (Update 3)

slawrence@ilpa.org — Tue, 15 May 2012 14:16:36 +0000

Blackstone Group LP (BX) and TPG Capital are among global firms being kicked aside as preferred investors in China, the world’s second-biggest private-equity market.

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Duane Morris Launches London Private Equity Practice With Kirkland Hire

slawrence@ilpa.org — Tue, 15 May 2012 14:15:00 +0000

Duane Morris is launching a dedicated London private equity practice with the hire of Kirkland & Ellis partner Pierfrancesco Carbone, The Am Law Daily has learned.

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Ropes & Gray Expands in Asia on Chinese Private Equity

slawrence@ilpa.org — Tue, 15 May 2012 14:13:07 +0000

Ropes & Gray LLP, the Boston-founded law firm with more than 900 lawyers, said it hired two partners from U.S. and U.K. firms in Hong Kong and plans to double its Asia-based lawyers by the end of the year.

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Obama to attend private equity executive’s fundraiser

slawrence@ilpa.org — Tue, 15 May 2012 14:11:40 +0000

NEW YORK (Reuters) – President Barack Obama is due to attend a fundraiser hosted by one of private equity’s leading lights on Monday evening, the same day his campaign launched a scathing attack against his Republican rival Mitt Romney’s private equity record.

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Private Equity: Some ideas for better alignment between LPs and GPs

slawrence@ilpa.org — Mon, 14 May 2012 12:55:59 +0000

The Indian private equity industry is going through some tough times. On the supply side, there is excess capital (and even more being raised as we speak!), too many private equity (PE) funds, high levels of intermediation leading to open auctions, and volatile currency fluctuations. On the demand side, there are inadequate ‘high quality’ investment opportunities in the private space, demanding entrepreneurs and promoters, high valuation expectations (still linked to and sometimes at a premium to already irrational public markets), rising costs and declining margins in the economy, an ineffective government, continuing issues of corporate governance, and a perceived lack of appreciation of private equity’s ‘value add’! Indeed, it looks like a perfect storm.

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The Quest for Control Over China’s Private-Equity Sector

slawrence@ilpa.org — Tue, 08 May 2012 13:17:41 +0000

The National Development and Reform Commission has laid down the law: Unless 100% of a private-equity fund’s money comes from local sources, it will be treated as a foreign fund.

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Fifth Third finds a way to keep investing in private equity

slawrence@ilpa.org — Tue, 08 May 2012 13:16:04 +0000

Fifth Third Bank seems to have found a solution to a problem many banks are wrestling with these days: how to keep investing in private equity.

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