People Moves

AlpInvestPartners is already Europe's largest limited partner. Now, thanks to the appointment of a new in-house economist, it can also claim to be one of the most sophisticated.

The exit of German television group ProSiebenSat.1 is in trouble following intervention from regulators.

From its long-time base in Minneapolis, Norwest Equity Partners has quietly built a record of success in private equity. Overseeing the administrative side of the business has been John Whaley, who has been with Norwest for more than 25 years. The firm's sole limited partner is Wells Fargo & Co. In 1999 and again in 2004, Wells Fargo committed $800 million to Norwest Equity Partners VII and VIII, respectively. The firm also manages two mezzanine funds, the most recent having raised $400 million from Wells Fargo. NEP also maintains an office in Los Angeles. Private Equity Manager spoke recently with Whaley about how Norwest is the same as any other private equity firm, and how it differs on account of its publicly traded, regulated LP.

IRS rules regarding the allocation of carried interest create complexity in a transient private equity market.

Private equity firms must learn to better compete against hedge funds and investment banks for junior-level hires. By Ben Aymé

Offshore vehicles have long been used for tax planning purposes, but the evolution of the private equity market has seen the increased use of these structures. By Judy Kuan

How investors can proactively manage returns, relationships and risks through a fund's life cycle. By David Morton and Grant Roberts

Across Europe, the dominance of the limited partnership is no longer unquestioned. By Andy Thomson

Fund of funds manager Fort Washington Capital Partners Group is developing an additional dimension to its business: advising state investment councils on venture programs. By Judy Kuan

FRONTLINE 2006-01-01 Staff Writer Alvarez targets Asian BVI companiesDistressed advisor Alvarez & Marsal Asia has formed a partnership with MWM Corporate Services to provide services to British Virgin Island-listed business that operate throughout Asia. In a statement, Alva