News & Analysis

The specialist investment bank has appointed Paul Bail as a director in its debt advisory team, part of its efforts in the last few years to increase its private equity profile and cater to the needs of GPs.

Some private equity professionals are still in the dark about the ILPA principles. If they plan to win the hearts and minds of LPs, they better find their reading lights – and fast, writes Christopher Witkowsky

Former GoldenTree partner Oliver Wriedt is joining the firm’s Capital Markets Group, which was created in 2008 by former Deutsche Bank Securities CEO Thomas Gahan to invest in the debt of media- and communications-focused companies.

Companies that received private equity investments between 2002 and 2006 outperformed their listed counterparts on most indicators, according to a recent study.

The London headquartered buyout firm is likely to target almost €6bn for a fundraising this year – a similar size to its 2005 fund.

Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.

76% of private equity and venture capital firms distributed no carry in 2009, according to The Annual Private Equity International CFOs and COOs Compensation Survey.

ASU 2009-12 is not the free pass GPs and LPs have been hoping for, despite tantalising press reports in September that indicated that the recent FASB accounting standard update would lessen their valuation workload.

A group of accountants from Eisner offered their tips this week for getting through the next year-end audit: be in contact with your auditors throughout the year, and make sure you’ve got everything in writing.

Documents also reveal Quadrangle paid a fee to UBS for the successful outcome of an LP vote to preserve the investment period on its latest fund after a key-man clause was triggered.