Fund Management

What's the outlook for the US debt market in 2004? The answer depends on whether you ask a senior, mezzanine, or high yield debt provider. Alex J. Stockham reports up and down the financial structure about what these leveraged finance professionals are seeing and how they're feeling.

When PEI sat down with five seasoned leveraged finance professionals in London recently, it became clear that although business is good, they were keen to tread carefully in today's market. There also seemed to be a growing sense that the dynamic between sponsor and finance provider has changed – to the sponsors' advantage. We talked to them about the issues behind this shift and heard why getting it right matters all the more today.

In the late 1990s, the bottom dropped out of the European high yield market, not least because of problems in the cable sector. Now high yield is coming back, and its appetite for cable is recovering as well.

'Enronitis' and America's 'No Growth' economic future are threatening to stifle entrepreneurial spirits in the US, argues Joseph W. Bartlett, Of Counsel Fish & Richardson.

UK pension funds are big, numerous and most are looking for the kind of superior returns that can be delivered by alternative asset classes such as private equity. Shouldn't there be more of them investing greater percentages of their capital in such alternatives therefore? Philip Borel looks at the reasons why this hasn't been happening and asks: are the fund trustees to blame?

Americas 2004-01-01 Staff Writer <strong>America<br> Monitor</strong><br> <sec level="2"><strong>Woman of action</strong><br> <bold>The outspoken and combative treasurer of Connecticut, Denise Nappier, has been at the center of a flurry of legal action

Europe 2004-01-01 Staff Writer <sec level="2"><strong><strong>Europe<br> Monitor</strong><br> </strong><sec level="2">Stretch that fund<br> <quotation><bold>Limited partners are increasingly keen to co-invest. What are the issues, and are

Gresham, the private equity firm focused on the UK mid-market, is pinning its faith on continued growth in consumer debt through a fresh investment in 1st Credit.

Terms in the partnership agreement governing Permira’s E5.1bn Europe III fund reflect private equity investors’ requirements to publicly disclose details of their participation in the asset class.

The struggling Belgian venture capital firm is in talks with an unnamed European secondaries buyer to realise its entire portfolio of unlisted investments.