Toby Mitchenall
In an unusual proposition, the Chinese sovereign wealth fund is offering liquidity to LPs in the €11.2bn Apax Europe VII.
The Boston-headquartered fund administration group will take on such European clients as CVC Capital Partners, AXA Private Equity and Terra Firma.
Christina Pamberg has left the firm after four years as head of European IR and fundraising, while ex-Goldman exec Alex Fletcher has joined KKR's European client and partner group.
The latest draft of the EU’s Directive on Alternative Investment Fund Managers Directive would apply to private equity and venture managers both large and small.
The MENASA-focused firm will use the new capital to seed new funds and possibly acquire an Asia-focused rival.
The firm’s funding structure, whereby LPs commit to a private equity programme on an annual basis, may be restructured in the wake of Jon Moulton’s departure.
Despite 3i’s reduced debt levels and £2bn in dry powder, the market is showing concern that the value of its portfolio has not grown in line with markets in the last six months.
More than 100 participants from the private equity industry spent Friday digging, building and painting as part of a Private Equity Foundation volunteer day in London’s East End.
Michael Green, a former member of the Cerberus investment committee, is leading a six-strong team at Tenex Capital Management.
The New York-based firm’s subsidiary – Russia Partners – has bought a 3.3% stake in MDM Bank.
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