Fundraising

After the tech bubble burst in 2000, venture funds shrank dramatically, and so did their management companies. Buyout firms may now have to take a page out of the VC playbook as many follow-on funds shrink in size. One move - reducing the partner roster

Energy Investors Fund is building its team amid recent growth in its assets under management

What will the credit crisis mean for GPs in terms of budgeting and management?

How do you budget for dealmaking without management fees? For pledge funds and firms awaiting their fund's first close, the process requires relationships, creativity and no small amount of risk.

Since its founding in 1991, Wellington Partners has split its funds and firm. The firm now raises separate technology and life sciences funds, which are based out of Jersey. Now the venture capital firm with German roots plans to establish an office in London as part of its pan-European push.

Venture capital fund formation luminaries Jonathan Axelrad and Robert Fore have left Wilson Sonsini Goodrich & Rosati for Goodwin Procter.

The resort operator, which was reportedly in danger of filing for bankruptcy, has refinanced its loan on the day it came due.

The oldest buyout firm in France will go to market in January to raise the successor to its €150m small-cap fund raised in 2006. Meanwhile, its latest mid-market fund, reportedly targeting €1.2bn, will close before the end of the year.

Existing LPs have committed $3bn toward the latest buyout fund from the MENASA-focused firm, which has just purchased a controlling stake in the Karachi Electric Supply Company for an estimated price of $400m.

US mid-market firm Riverside is targeting $100 million for its first Asian fund, but will stay away from India and China.