Despite a number of disruptive events in 2016, or perhaps because of them, private equity funds remain the favoured access point for institutional investors looking for a return from their private investments. For this reason, the fundraising environment has arguably never been better for general partners. But how does a GP stand out from the pack in a crowded market in 2017? In a PE Hub Canada feature article, Osler, Hoskin & Harcourt LLP Partner Mary Abbott offers 10 useful tips to PE fundraisers.
Advent International became a news-maker in 2016. Not because of its successful US$13-billion fundraising, but because the venerable firm’s latest fund was oversubscribed at a reported US$20 billion despite not featuring what has been to date a mainstay of private equity funds: the “hurdle” or “preferred return”. In an exclusive PE Hub Canada feature article, Mary Abbott, a partner at Osler, Hoskin & Harcourt LLP, asks: is this the start of a trend?
Siris Capital, a popular member of a new class of technology-buyout specialists started in the last decade, is expected to be out in the market either late this year or early next with its third broadly marketed fund. Look for the firm to set a target of at least $3 billion. Speaking Friday at the Columbia Business School […]
Private equity has never been great at diversity and inclusion. It didn’t have to be — firms made a lot of money and no one cared too much that it was a bunch of white guys doing it. But the world is changing and business must adapt. Women are woefully underrepresented in PE. In the upper levels […]
We received a lot of feedback on a guest column that questioned the reliability of IRR as a measurement of fund performance. Here is a sample of the article, called “How PE funds can overstate LP returns by up to 50 pct”: Private equity funds are the widely accepted investment strategy for pensions, endowments, family […]
The Association for Corporate Growth has unveiled a set of recommendations for private equity firms looking to steer clear of trouble with the U.S. Securities and Exchange Commission, and a big theme is to spell out policies and procedures up front with investors. The recommendations, which ACG calls principles, “really contribute to and support a culture of compliance, […]
RLJ Equity Partners, led by Robert Johnson, the billionaire founder of Black Entertainment Television, is on its way to raising a second fund, having secured $103 million in a June first closing. Those re-upping from among the 12 debut-fund backers include Boeing; GE Asset Management, acquired last year by State Street; Muller & Monroe Asset […]
We’ve received a lot of feedback on capital-call loans over the past few weeks so I wanted to use this column to publicize your views. Keep ’em coming! Anonymous: Capital-call loans are misunderstood. Capital-call loans are the single largest wholesale transfer of value from GPs to commercial banks in the history of PE. Even the […]
By Thomas Krenik, Harvey Powers, and Kelley Rytlewski Private equity funds are the widely accepted investment strategy for pensions, endowments, family offices and other investors to access the private markets. But the reported returns of PE funds are misleading, representing only a partial view of the capital involved. Typically, PE fund returns are shown for deployed […]
The OECD recently released a discussion draft entitled the “BEPS Action 6 Discussion Draft on non-CIV examples” to clarify when investors like private equity funds should be entitled to tax treaty benefits. In a PE Hub Canada feature article, Osler, Hoskin & Harcourt LLP Partners Patrick Marley and Matias Milet argue the document does little to dispel uncertainty about the application of rules governing transactions involving PE investors. This, they say, may adversely impact cross-border investment.