Christopher Witkowsky

Some of the most significant LP/GP relationships are being refashioned as LPs rethink their approach to private equity.

Embattled music group EMI represents a €2.2bn exposure for Terra Firma's funds. Chris Witkowsky explores whether a loss of the investment would spell the end for Guy Hands' firm.

PEI examines the long-term relationships between six major LPs and GPs and assesses the state of their unions in a changed market.

The secondaries market, which suffered from a major gap between seller and buyer expectations, recovered in the latter half of 2009 as bids went up and traditional buyers returned.

Some private equity professionals are still in the dark about the ILPA principles. If they plan to win the hearts and minds of LPs, they better find their reading lights – and fast, writes Christopher Witkowsky

Documents also reveal Quadrangle paid a fee to UBS for the successful outcome of an LP vote to preserve the investment period on its latest fund after a key-man clause was triggered.

Veteran CalPERS board member Charles Valdes is not running for re-election, and he will be replaced by Joseph Jelincic, a real estate investment officer at the pension.

Several heated contests have emerged in The Private Equity International Awards 2009, including a close fight for top European mid-market firm between Advent, Bridgepoint, Silverfleet and Electra.

The World Economic Forum has been studying the impact of private equity on the global economy, and found private investments accelerate industry growth.