People Moves

Mind the hat 2005-09-01 Staff Writer In retrospect, it seems like an easy question - would you, as a board member, approve a pay package for a top executive of your company if said package guaranteed the executive a payout of $140 million for getting fired a year into his job?<br /><br />Your ans

?What forms of regular communications do you maintain with your portfolio companies?? 2005-08-01 Staff Writer The most important channel of communication is the relationship between the executive responsible for the deal and portfolio company's CEO. We try to keep requests for information, beyond that contai

Advent International was established in 1984 and since then has invested in more than 500 companies in 35 countries across Western and Central Europe, North America, Latin America and Asia Pacific. Since inception, the firm has raised more than $6 billion in capital and closed its most recent global buyout fund in April this year with commitments of €2.5 billion ($3.3 billion). Tom Lauer came on board in 1987 with no experience in private equity. He has overseen the financial dimension of Advent's transition from a small venture firm to today's global, multi-fund manager that boasts over 100 investment professionals of 19 nationalities in 14 offices and 13 countries. With responsibility for the financial management of the firm's worldwide operations and a member of Advent's Executive Committee, he describes the highs and lows, challenges and opportunities that have marked his almost two decades as a CFO in private equity.

Ten tips for communicating effectively with those strange and wily creatures – reporters. By Bill Haynes

Real estate opportunity funds sport higher fees than other property vehicles to justify the process of searching for high-return investments. Limited partners can use a variety of tools to ensure their GPs are earning those fees. By Aaron Lovell

A new law in the Lone Star State signals the beginning of the end for FOIA battles in the US. By David Snow, Editor

Chinese authorities are monitoring the use of offshore special purpose vehicles, which have afforded many advantages to private equity investors in the region. By Albert McLelland and Jiannan Zhang

A GP's departure from a private equity firm isn't as simple as handing in a letter of resignation – carry, non-compete and track record issues can often become sticking points when it's time to move on. By Art Janik, Associate Editor

Following an internal reorganization, OMERS Capital Partners is going forward with a C$4 billion mandate that emphasizes the cooperation between its direct investing and fund investing sides By Art Janik, Associate Editor

INDUSTRY FRONTLINE 2005-08-01 Staff Writer Alvarez & Marsal recruits Asian teamAlvarez & Marsal (A&M), the US-based turnaround and restructuring adviser, has launched Alvarez & Marsal Asia with an 80-strong team. The team has been recruited en masse from Hong Ko