Fundraising

There are roughly four ways for GPs to 'top up' the capital in an existing fund, but each method comes with some harsh concessions

The London-listed private equity firm has said reduced competition for deals and the prevalence of distressed sellers are reasons to bolster its dry powder.

US House of Representatives has voted to pass a bill that would give the SEC and the Federal Reserve the power to regulate compensation at private firms with more than $1 billion in assets. The wording of the proposed law excludes most private equity firms, however.

Today the US House of Representatives voted to pass bill that will give the SEC and the Federal Reserve the power to regulate compensation at financial institutions with more than $1 billion in assets.

US legislators want regulators to determine if certain structures encourage undue risk taking at finanical firms with more than $1bn in assets.

The PIPE will give the buyout firm 11.5 million of the bank’s common shares at $10 per share, a 4% premium over Friday’s closing price.

Fundraising is down $8.1bn from $36.3bn raised in 2007. This downward trend could change in 2009 as 85 infrastructure funds are fundraising this year, according to a study by the accounting firm.

The $32bn endowment has invested in Oaktree Opportunities Fund VIII, which is targeting between $4bn and $6bn.

Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.

Following a period of frenzied fundraising for pan-regional Asian funds, the focus is now shifting to standalone pockets of opportunity, writes Siddharth Poddar.