Britain says that the original plan to infuse the battered banking industry has proved to be insufficient. Among new schemes is a £50bn fund enabling the Bank of England to buy up troubled financial assets such as syndicated loans.
The UK has unveiled new measures to help its battered banking industry, but BVCA chief Simon Walker cautions 'while a host of private equity investors stand ready' to rescue ailing companies, they can only do so if the banks actually get lending.
The Italian alternatives firm – one of Southern Europe’s earliest international private equity fund of funds operators – has hired Seth Lieberman to head up its new global real estate platform.
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the North American awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
Björk has lent her name to a fund which will try to stimulate her nation’s stricken economy by investing in local businesses. The fund will be managed by female-centric financial services firm Audur.
Research suggests 2001 was the optimum year for opportunity real estate funds to succeed. GPs expect 2009 and 2010 could become the next golden era. PERE Magazine December 2008/January 2009
The talk of the town has been the potential for LPs to default on capital calls. It may be just noise at the moment but it is raising questions about counterparty risk. For their part, LPs want greater transparency for their cash. PERE Magazine December 2008/January 2009
From one to 100 LPs in five years * GBS holds second close on fourth fund * Accel India venture fund closes on $60m * Birla makes PE entry * UBS sees growth in the Middle East * Asia Alternatives: no need to change strategy * Starfish Ventures falls short * Softbank China sets up RMB fund * Endeavour seeks $300m for venture fund * Chinese bank to launch healthcare fund * Macquarie to launch A$1bn infrastructure FoF * Darby's India retail fund raises $147m
Permira has offered its LPs a way out of their commitments - but at a steep price
The head of Castle Harlan is adding to the criticism that fair-value accounting is contributing to the economic crisis