Secondaries

The firm failed to deliver on the terms of its employment offer to Gary Stevens, the suit alleges

The global private equity firm is in talks with its limited partners about the issue of liquidity in current markets

DIF, a Dutch infrastructure fund manager, is buying the additional stake in the public private partnership joint venture with Netherlands-based BAM Group through its €150m first fund, DIF PPP.

The Euronext-traded fund of funds expects that half of its commitments in the next 12 months will be in the secondary market.

Boston-based asset manager HarbourVest listed its first public vehicle, HarbourVest Global Private Equity Limited (HVPE), on Euronext Amsterdam in December 2007. This September, the firm appointed Steve Belgrad of Affiliated Managers Group as HVPE's chief financial officer. Jennifer Harris spoke with Steve about the challenges of running a listed vehicle in today's turbulent markets.

Many GPs are finding it necessary to go on longer road shows in the current market, but they should be careful in seeking extensions from LPs

The secondaries firm is looking to grow its team with an eye toward Europe

New UK contract language gives lenders the option to forbid debt buybacks

While the long term prospects of the publicly listed private equity vehicle remain open to debate, several firms are experimenting with the model. Conversus Capital, a fund of funds vehicle, recently listed on Euronext. Here's how this listed fund of funds differs from its classic unlisted counterparts.

The London mid-market firm has added German private equity shop Steadfast, formerly BHF Private Equity, to its list of foreign partners, which include France’s TCR Capital, Italy’s Sinergo and Spain’s N+1.