Fundraising

As the private equity industry matures, a strong and distinctive investor relations function is proving its worth, especially in a down market. By David Haarmeyer

Former managing directors Tony Lee and Scott Spielvogel have spun out of the Tim Collins-led firm to form One Rock Capital Partners.

Placed by Credit Suisse, nearly half of the UK mid-market fund’s commitments came from new investors.

The New York-based firm, which is preparing to raise its third fund, may seek out a large investor to buy a stake in its management company and anchor its fundraise.

Two versions of the controversial AIFM ‘third country’ rule are being considered in the EU. Neither are good news for US and other non-EU fundraisers, but one version is a real dead end.

Bill White, president of New York City’s Entrepid museum, has reportedly stepped down. The New York Attorney General's office had subpoenaed White’s firm about fees it received from City Investment Fund, the real estate investment platform established by affiliates of Fisher Brothers and Morgan Stanley Real Estate.

The global placement agent has launched a platform to help managers raise RMB funds and has hired Eric Gu from China’s National Social Security Fund to lead the effort.

The newly unveiled PEI 300 ranks Goldman Sachs Principal Investment Area as the largest private equity direct investment programme in the world, just ahead of Carlyle and KKR. The 300 firms on the list have collectively raised less capital over the past five years than in previous years’ rankings.

In this fourth annual ranking of the world’s largest private equity firms you will find many familiar names and placements but also some notable shuffling in the ranks, reflective of a dramatically changed fundraising market as well as the rise of specialist and emerging markets strategies.

The private equity investment firm has hired Tatsuya Kubo from Fortress Investment Group to head what will it be its second Asian office.