Fund Management

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.

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.

The $50M German corporate venture operation is looking to bolster the logistics services of its parent business Deutsche Post World Net.

The rating agency has launched a CDO performance assessment programme in a move welcomed by CDO managers.

Up to 80 per cent of the economic capital put into an LBO doesn't come from private equity funds: it is provided by banks as debt. Given the pivotal role leverage has to play, what's the present state of the leveraged finance market? Robin Burnett reports.

Royal London, the £26bn asset manager, has teamed up with industry veteran David MacLellan to raise a £200m private equity fund.