Toby Mitchenall
The alternatives giant has completed its merger with its listed affiliate KPE. From tomorrow its shares will be traded on Euronext under the name KKR & Co.
After a year in which almost half of them scaled back their allocations to listed private equity stocks, wealth managers in Europe are starting to look again.
Against a ‘fragile’ economic backdrop, the listed firm continues to sell assets and invest only in existing portfolio companies.
The founder of Terra Firma predicted more pain for the buyout industry as neither banks nor financial sponsors are willing to ‘come clean about their mistakes’ made during the credit boom era.
Funds committed in 2007 ‘have to be sensibly reduced in 2009’, according to the new head of the European buyout house, Lionel Zinsou.
Emerging markets giant Actis is adjusting to life after the closing of its $2.9bn third fund by building up its IR and communications teams.
The departure of two long-serving senior members of PAI Partners, including CEO Dominique Mégret, means LPs could suspend, dissolve or renegotiate and restructure Fund V.
As it continues to mull its future business model, the London-listed private equity investor sees the departure of long-time managing director Colin Buffin and finance director Tian Tan.
Louis Elson will sit on the board of trustees of the venture philanthropy organisation.
Bridgepoint’s acquisition of Hermes’ direct funds and CapDyn’s assumption of HRJ’s assets are examples of a trend mid-market GPs expect to continue.
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