Fund Management

Following a SFR90m loss for the nine months ending December 31, the listed Swiss fund of funds says the decline of its share price is slowing down.

Private equity is often described as a long-term game and many investors read this as code for the asset class' inherent illiquidity. But now securitisation has come to private equity with the potential of dramatically changing the landscape. Private Equity International looks at recent developments.

News: Deals 2002-03-01 Staff Writer <b>Coller Capital makes first exit from Lucent portfolio</b><br />Pequot Capital Management and New Venture Partners, the New Jersey-based venture capital operation controlled by UK private equity secondaries specialist Coller Capital, have partially dive

Preparing the launch of two new investment vehicles next year, the Swiss group behind Prime Edge Capital is building up its US presence.

The UK venture capitalist, which is raising is also looking to raise two new funds to reinvest in its 26 portfolio companies.

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.

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.