The European mid-market firm Bridgepoint is beginning discussions with investors for its fourth fund, targeting a 45 percent increase on its 2005 fund Bridgepoint Europe III.
Nicholas Lockley, editor of PrivateEquityOnline.com, looks behind the headlines of the last four weeks on the web.
A new Softbank affiliate is making its mark across Asia.
Operational heavyweight Bruno Deschamps swaps Clayton, Dubilier for 3i.
Advantage Partners, one of Japan’s most prominent local private equity groups, is making its first foray into what one investor referred to as ‘hedge fund management’, with a $2 billion fund that will buy minority stakes in listed Japanese companies.
Several of the world’s biggest private equity firms are already consulting with LPs about their next funds, but uncertainties about the pace of dealmaking and size of allocations are hampering these efforts.
Lehman Brothers’ listing of a fund of funds vehicle has attracted significant investor demand, including an 84 percent allocation of its greenshoe, showing that successful fundraising is still possible despite the recent volatility in the public markets.
As Canada’s venture capital investments suffered a 12 percent year-over decline in the second quarter, private equity deals surged to a record C$55.6 billion, well outperforming last year’s total deal volume of C$11.6 billion.
In Denmark, a law has been passed to remove the favourable tax status enjoyed by leveraged loans.
Kohlberg Kravis Roberts will become the latest alternative asset manager to raise funds on the public market, after revealing plans for a $1.25 billion initial public offering on the New York Stock Exchange before the end of the year.