Secondaries

Contestant: Susan Mangiero, Managing member, Business Valuation Analytics Member, National Association of Certified Valuation Analysts Not being too familiar with derivative instrument pricing and default risk analysis, a company hires an expert to investigate whether the swaps reflect a hedge versus a market bet and to further assess how the company should adjust the valuation of its equity stake. What does the expert need to look at and how should she arrive at an appropriate conclusion?

News on professional service providers to the private equity market.

Average high bids for private equity fund interests fell to 61% of NAV in the five months through November 2008, driven by stale holding values, according to Cogent Partners.

The Southern California-based private equity advisor will manage AMP’s Future Directions Private Equity Fund and act as the firm’s ‘exclusive’ partner in Australia and New Zealand.

Difficult times in the market can be an opportunity to solidify your reputation, with the right communication strategy. By Alexander Leventhal, Broadgate Communications

In the first in a two part series on debt buybacks, Steven Bortnick, Bradley Boericke and Timothy Leska explores the legal implications a private equity firm must consider when structuring the debt purchase. In our February issue, they will examine the tax implications

News on professional service providers to the private equity market

Permira has offered its LPs a way out of their commitments - but at a steep price

The listed Permira investor has taken a number of measures to boost liquidity, including reducing by £796m its original commitment to Permira’s fourth buyout fund.

The Southern California-based private equity advisor has hired James Gamett to head up secondary investments, which the company believes has become an attractive investment area.