Fundraising

Dana Pawlicki, a founding partner of Evercore Partners private funds group, has joined start-up fundraising firm Stonington Capital.

The Toronto-based firm will employ a different fee structure and hold investments for longer than the typical private equity investment period of three to five years.

Increasingly, regulators have been working to make the industry ever more transparent as a way to protect LPs, but Andrew McCune asks just how much protection they really need.

Mercapital chairman Javier Loizaga tells PE Manager why his firm’s merger with peer N+1 is both a 'defensive and offensive' measure.

As regulatory and reporting demands on GPs increase, technology is playing a critical role in helping them to manage back office tasks as they expand.

The firm, which spun out of Credit Suisse First Boston in 2005, is charging a 1.75% management fee and sharing 100% of portfolio company fees with the fund.

The AIFM directive's provision on 'asset stripping' portfolio companies could make it tougher for GPs to return investors' cash and may create an unlevel playing field across jurisdictions.

Following the death of co-founder Nigel Doughty earlier this year, the European private firm will soon begin fundraising with an employee trust element to its ownership structure.

Seventy one individuals from firms including KKR and TPG have donated more than $8.2m to an independent committee dedicated to helping Mitt Romney win the US presidential election.

Much to the delight of GPs, the depository requirement in Europe’s proposed venture capital regime has been removed.