Investor Reporting

The Carlyle Group has included a structure in its sixth fund that allows LPs to sell fund stakes early, taking bids from a group of five preferred secondary buyers.

China's private equity industry is 'short sighted', and GPs should adopt a 'flexible' approach to management fees, top government officials said at the Global PE Beijing Forum.

Lower fees and a European-style waterfall has led to BC Partners closing the biggest buyout fund to be launched in Europe since the collapse of Lehman Brothers, having held a final close for BC European Capital IX at its hard cap of €6.5bn.

A large majority of GPs are under pressure from investors to contribute more capital to their own funds - but most may be unwilling or even unable to do so, according to a new Investec survey.

Fees and expenses will be paid back to LPs before the group collects its share of carry, however pending bank regulations prevented Credit Suisse from putting more 'skin in the game'.

The massive California pension plan is the latest LP to explore a separately managed account with its GPs as a way of achieving more favourable terms and conditions.

LPs in Doughty Hanson’s funds swiftly granted the firm permission to continue investments after the unexpected death of founder Nigel Doughty last Saturday.

The pension system, with $144.8bn in assets, is altering its private equity investment policy to allow for investments in separately managed accounts, a model that appears to be gaining popularity among large institutions.

Lawyers have devised some innovative tender offer strategies to help fast-track the acquisition process, says Kirkland & Ellis duo Jon Ballis (pic) and Daniel Wolf.

As China’s high growth days come to an end, RMB fund size is growing, an industry shakeout is coming and value creation will be key to realising desired returns, according to the managing director of Carlyle Asia.