Secondaries

Two sovereign wealth funds and one Japanese financial services firm are in negotiations to take a 10 percent stake in the UK-based private equity firm, in a move that could value the company at around £1.5bn.

Climate change is already a pressing issue on the minds of policymakers, but the business community would do well to consider how climate change affects their models and growth plans as well. Jennifer Harris recently spoke with Gwen Ruta of Environmental Defense Fund about the importance of taking environmental issues into account during the due diligence process. Ruta works with EDF's corporate partners to improve the environmental efficiency of their operations. Last year, EDF worked with Kohlberg Kravis Roberts and TPG to draw up a plan for cleaning up portfolio company, power provider TXU. EDF is currently working with KKR on its Green Portfolio initiative, a partnership to help the buyout firm improve the environmental performance of its portfolio companies

The quoted fund of funds, backed by Bank of America and Oak Hill, has engaged ABN AMRO to issue a continuous quote on its shares. It is the second time the bank has provided the Euronext-traded fund with liquidity.

Two decades after it laid the foundations for the private equity secondary market, Paul Capital continues to innovate.

Partners Tim Clark and Loretta Shaw-Lorello are the first of seven PE specialists on their way over from O'Melveny & Meyers.

Born of a major secondary deal with Lucent, New Venture Partners' deal team now spend their days combing through the R&D labs of British Telecom and Royal Philips Electronics, among others, looking for hidden – and potentially profitable – gems.

FRONTLINE 2008-04-01 Staff Writer Glocap expands in AsiaNew York-based executive search firm Glocap Search has announced an expansion of its Asia search activities and the appointment of Rick Johannessen as a senior vice president who will lead the effort on the continent. Joha

Private equity firms are applying a new rigor in evaluating the performance of investment professionals, shifting the process from an art to a science.

INTELLIGENCE 2008-03-01 Staff Writer <b>Platinum Equity CFO lands outside PE</b><br />Bill Foltz, the one-time CFO of Los Angeles-based Platinum Equity, now serves as CFO for Gorilla Nation, an online ad rep firm. Before this latest move, Foltz was a partner and managing principal at Sports

Philip Jensen joined Paul Capital Partners in 2001 as the firm was branching out from its focus on private equity secondaries to include venture capital funds of funds and healthcare royalty investing. As CFO, he had the responsibility of playing architect for the organization, which, he says, was “not difficult” given his previous experience in senior roles at Kaiser Foundation Health Plan and Hospitals, McKesson Corporation and Deloitte & Touche. Jensen speaks to Wanching Leong about managing his 30-person strong operations team and the Bank of Ireland's investment.