When predicting market movements is seen as unusually difficult, the hunt for market inefficiencies is urgent. Sophisticated funds are seeing opportunities in public companies which are gaining little advantage from their stock being public.
The bank has sold a £300m leveraged loan backed CDO into Europe and is planning more.
Part II of Joe Bartlett's overview of best market practice for negotiating the terms and conditions of venture capital and buyout funds. The first installment of his catalogue of Frequently Asked Questions appeared in the previous issue of PEI.
Rigorous insurance due diligence is key in the buyout process if nasty surprises are to be avoided. It can also boost a bidder's bargaining position, finds Philip Borel.
What does the Internal Rate of Return of a private equity fund tell you? Or better, what do you think it tells you? Private Equity International takes a closer look at what IRR is and what it isn't.
The history of the US private equity market's love affair with Private Investments in Public Equities is as short as it is sordid. David Snow looks at what's gone wrong.
When European issuers default on high yield debt, bondholders' claims may be worth very little.
News: Funds 2002-02-01 Staff Writer <b>€2bn Advent fund to focus On Europe</b><br />Advent International intends to invest 70 per cent of Global Private Equity IV, its new €2bn buyout fund, in Western Europe, with the balance going to North America and Asia.<br /><br />?Europe i
Around E360m have already been raised for the new vehicle, which is expected to close at E450m at the start of 2002.
Gary Klesch, founder of the eponymous investment boutique, says distressed assets in Europe have mushroomed, already adding up to a $150bn investment opportunity.