The LBO bubble has burst, and in its place has arisen a vastly scaled down and more conservative market for private equity investments. Andy Thomson reports on the lack of liquidity, fears over the economy and where new opportunities lie.
In India, almost half of the population don't have access to mains electricity – a fact that brings the activities of the country's new generation of infrastructure investors into sharp focus. Andy Thomson recently met with Michael Queen in London to find out more about 3i's ambitious plans for India as well as his thoughts about the broader infrastructure opportunity.
Large buyout firms appear to be staging a muted comeback – doubling down on their own debt and helping ease bankers' pain. The internet has been buzzing with opinion on the merits or otherwise.
The task of modernising India's notoriously bad infrastructure is finding many willing volunteers.
The private equity ranks are being swelled by leveraged financiers.
Large-ish deals are still possible – with more equity, less debt and a crowded negotiating table.
Tougher times, tougher fundraising? Not if you're a European mid-market GP, it seems.
Lest anyone has forgotten, heavily leveraged buyouts aren't the only tool in the private equity box.
What's the real risk of private equity? Christian Diller and Ivan Herger test a number of different portfolios using historic performance data to arrive at an answer.
London-headquartered Permira strengthens its US push with the hire of JP Morgan Securities' John Coyle to co-head its New York office.