Oliver Smiddy

US buyout firm General Atlantic has acquired a stake in distressed debt specialist Oak Hill Advisors in a further sign of private equity’s appetite for debt investments.

Alternatives managers the Blackstone Group and HIG Capital have both acquired debt management businesses in a bid to further expand their debt capabilities.

Listed vehicles have been successful in strengthening their balance sheets during the financial crisis and are ready to deploy capital once markets settle, according to research from Deloitte.

The secondaries market has come a long way in a relatively short space of time. Since a handful of pioneers carved out this specialist niche back in the early 1990s, the industry has grown to such an extent that the merry band of early prospectors now looks more like a gold rush.

KKR posted a surprise decline in earnings during Q2, with economic net income falling by 27% despite the group growing assets under management to $61.9bn as of 30 June, up from $54.4bn at the same point last year.

Germany has delivered robust economic performance and a surfeit of investment opportunities – so why are three of the country’s private equity professionals wary about the country’s future prospects?

Financial services-focused buyout firm AnaCap has completed its third acquisition of a bank after 18 months of negotiations, purchasing Czech Republic-based Banco Popolare Ceská republika.

Permira is soon to launch its fifth buyout fund with a target that speaks to a radically changed environment to that of 2006, when it last hit the fundraising trail.

Peruvian firm Nexus Group has beat its target for its first international institutional fund, showing LP appetite for the region can overcome scepticism of new managers.

Former Towerbrook Capital Partners managing director John Sinik has launched a debt fund management business which is hoping to raise at least €300m for its maiden vehicle.