PEI Staff

Top of the heap 2006-05-01 Staff Writer The data below suggests that firms who have made it to third, fourth and fifth vehicles have, on average, outperformed. And the best firms tend to outperform by a wide margin.

As the private equity industry continues to grow and mature, the need to hedge currency risk is becoming increasingly necessary. By Paul Honeywood

With the rush of new money flowing into the asset class, private equity shops are finding that recruitment of junior professionals can be as competitive as deal sourcing.

GPs should keep unregistered broker dealers away from deals. By Edward M. Zimmerman, Scott Ring and Steven M. Hecht

Adding senior-level investment partners is crucial for a firm's growth, and a real challenge for GPs.

Fee fandango 2006-05-01 Staff Writer Managing a $10 billion fund has its benefits. For example, the management fees and transaction fees alone can generate more than $1 billion over 10 years. Add carry to the mix, and the whole mega-mega fund endeavor becomes nice work, if you can get it. The friction associ

LP eagerness to avoid fees and GP wariness of club deals have created a surge of interest in co-investment vehicles. The bargaining power is firmly on the side of the GPs.

Mark Tresnowski 2006-05-01 Staff Writer <bold>Career path:</bold>University of Virginia School of Law, 1986; made partner at Kirkland & Ellis in 1992; took leave of absence from 1999 to 2004 to serve as general counsel for Allegiance Telecom, a Madison Dearborn portfolio company; joined Madis

Clifford Chance has welcomed back Edward Gander, three years after he went off to test appetite for a new fund of funds.

As a publicly listed, global private equity behemoth, 3i requires a sophisticated and diverse communications function.