Fundraising

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

The London headquartered buyout firm is likely to target almost €6bn for a fundraising this year – a similar size to its 2005 fund.

Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.