The UK investment management strategy

20 March, 2013 London, UK

As part of the UK’s Budget 2013 speech, the UK Government has today announced a new package of measures for the investment management industry. These reforms will help promote the UK as a centre of fund domicile while also supporting existing fund management activities. Details of these measures are set out in the  document entitled[...]

Are the AIFMD transparency requirements sufficient for investors?

15 March, 2013 London

Whilst the transparency requirements of the Alternative Investment Fund Managers Directive will be helpful for investors, funds lawyer Meera Shah argues that investors should continue to negotiate additional information rights. The Alternative Investment Fund Managers Directive (AIFMD) will soon become law in EU member states.  One of the stated aims of the AIFMD is to[...]

Cinven raises €5 billion for its Fifth European Buyout Fund

14 March, 2013 UK

European private equity firm, Cinven, today announces the final closing of its Fifth European Buyout Fund (‘the Fund’) with total commitments of €5 billion. Key highlights: Largest pool of capital currently dedicated exclusively for European buyouts; Strong performance of prior funds: 41% gross IRR on 82 realised investments since 1988; Realised value for investors of[...]

Pencarrow IV Fund closes at $124 million

14 March, 2013 New Zealand

Pencarrow Private Equity has raised a $124 million fund – its fourth and largest fund – to invest into privately owned New Zealand companies. The Pencarrow IV Fund completed its final close with committed capital of $124 million. It includes a cornerstone $30 million commitment from the New Zealand Superannuation Fund, alongside investment from a[...]

Neuberger Berman raises $1.1 billion from investors worldwide for Second Global Private Equity Co-Investment Fund

11 March, 2013 New York

Neuberger Berman Group LLC, one of the world’s leading employee-controlled money managers, is pleased to announce the final close of NB Strategic Co-Investment Partners Fund II LP (“NBCIP II”), Neuberger Berman’s second global private equity co-investment fund. NBCIP II was oversubscribed, closing on $1.1 billion and surpassing its target of $750 million. NBCIP II seeks[...]

H.I.G. Capital closes H.I.G. Capital Partners V at $1 billion

4 March, 2013 Miami

H.I.G. Capital announced today that it has successfully closed H.I.G. Capital Partners V at its $1 billion cap. The fund will continue the strategy of H.I.G. Capital’s four predecessor funds, focusing on private equity, buyout and equity-related investments in lower middle-market companies primarily in the United States. Sami Mnaymneh and Tony Tamer, co-founders and Managing[...]