Fundraising

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.

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

UK-based Palamon Capital Partners has committed to provide up to E30m to build a national independent financial advisory business in the fragmented UK market.

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 firm is reportedly supporting a £200m management buyout bid from Boxclever chief Roger Mavity to acquire the struggling television rental company owned by WestLB’s principal finance unit.

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

Depending on who you talk to, Europe's high yield market is either still struggling or is set to grow into something far deeper and broader. Certainly this year's performance has caught the eye of numerous investors, and many practitioners can now talk about distinct facets to the market. But what will shape high yield's evolution? And what part will the private equity community play in this? Robin Burnett investigates.