Fundraising

Lawmakers want the UK to fight the EU's proposed AIFM directive, arguing the rules would 'damage' the UK private equity industry.

Magnus Christensson has left placement agent Atlantic-Pacific after nearly eight years to help build Jefferies’ global placement business.

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

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

With Foxtons restructured, BC Partners can now focus on its impending fundraise.

The placement firm said it is building its bench in anticipation of a private equity fundraising recovery in 2010.

The Beijing-based firm raised $1.3bn for CITIC Mianyang Private Equity Fund, which counts China's state pension fund as its largest LP.

The MENA-focused firm and the Palestine Investment Fund, an entity that invests on behalf of Palestinians, have provided a $15m anchor commitment to a fund that will invest in Palestinian SMEs.

The specialist investment bank has appointed Paul Bail as a director in its debt advisory team, part of its efforts in the last few years to increase its private equity profile and cater to the needs of GPs.

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