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Private equity fundraising gets more crowded

Posted on 16 July 2012 by admin  |  Email |Print

The number of private equity funds seeking money from investors reached an all-time high in the second quarter, while those which completed fundraising hit a record low, according to data released by market research firm Preqin.
Tighter deal financing and an economic slowdown have made it more challenging for private equity fund managers to deliver outsized returns for investors, who have become more picky when it comes to tying up their money for an average of 10 years. ……………………………………….Full Article: Source

Private equity investment spree expected

Posted on 16 July 2012 by admin  |  Email |Print

The Middle East’s private equity funds, which have long lagged behind their global peers, have built up at least $5bn in capital ready to invest in new opportunities, industry leaders said this week. They will also increase endeavours to make new investments this year.
The so-called “dry powder” has been building for years, as private equity funds – which occupy a smaller segment of the financial sector than similar funds in the developed world – raised cash faster than they spent it. ……………………………………….Full Article: Source

In tough times, private equity saves jobs

Posted on 16 July 2012 by admin  |  Email |Print

According to a report by Moody’s Investors Service last week, workers would be wise to choose companies owned by private equity. Moody’s data shows that such companies are much less likely to be liquidated when the going gets tough. It turns out that private equity does more to save the jobs of workers at struggling companies than other types of owners do.
The Moody’s study reviewed more than a thousand situations going back to 1988 where companies defaulted on their debt. Two hundred involved companies that had undergone leveraged buyouts backed by private equity; the others had not. ……………………………………….Full Article: Source

Private equity goes prospecting in emerging markets

Posted on 16 July 2012 by admin  |  Email |Print

Somewhat insulated from the recession anxieties and sovereign debt default fears that gripped the developed markets, fast-growing emerging market economies from Asia to Latin America continued to beckon global private equity investors.
General partners (GPs) continued to flock to healthier macroeconomic climates and booming regions like Greater China, Southeast Asia, and the Indian subcontinent seeking investment opportunities……………………………………….Full Article: Source

Private equity mitigates Europe risk via refinancing, hedges

Posted on 06 July 2012 by admin  |  Email |Print

Private equity firms are gearing up for a possible deterioration of the sovereign debt crisis in Europe and an extended period of low economic growth, through a mixture of refinancing and hedges.
Making sure European investments stay in business while not jeopardizing returns by European nations’ onerous debt and austerity measures, along with slowing economic growth, has been in sharp focus of late for investment managers and their clients. ……………………………………….Full Article: Source

Asia Pacific private equity investors more pessimistic about India than their global counterparts

Posted on 06 July 2012 by admin  |  Email |Print

Asia Pacific Private equity investors are far more pessimistic about India than global investors, finds a global PE study by Coller Capital, a leading global investor in private equity secondaries, which publishes a Private Equity Global barometer annually.
As a buyout destination, within the Asia Pacific region, India is seen as far less attractive than China, or the favourite Australia. For venture capital growth over the next two years, however, India comes second as a favourite destination, behind China, with Indonesia as the only 3 countries that respondents expect growth in. ……………………………………….Full Article: Source

Middle East private equity in tough spot

Posted on 06 July 2012 by admin  |  Email |Print

The US$23.2 billion (Dh85.21bn) Middle Eastern private equity industry is struggling as fund-raising gets tougher and viable exit options diminish. About $700 million was raised last year, compared with more than $6bn at the industry’s peak in 2007, according to the Mena Private Equity Association’s annual report.
Funds under management grew to about $23.2bn last year from about $8bn in 2006, the report said. ……………………………………….Full Article: Source

Australia: Private equity’s healthy interest in health-care sector

Posted on 06 July 2012 by admin  |  Email |Print

Like many other developed countries, Australia faces an aging population, more obesity and higher cancer rates, and is spending more to tackle those problems. The government spent $5,479 per person on health care in the fiscal year that ended June 30, 2010, the latest figures available, up from $4,710 four years earlier.
That money is flowing to a wide range of health-care providers as the government turns to private companies to treat patients under Australia’s Medicare system. Genesis Care operates services for cancer and cardiovascular diseases in state-funded and private hospitals and seeks to benefit from the increased government spending. It plans to open more private clinics that offer quick access to treatment. ……………………………………….Full Article: Source

Islamic private equity investments in Malaysia to quadruple to US$3.1bln

Posted on 06 July 2012 by admin  |  Email |Print

Islamic private-equity investments are poised to quadruple in Malaysia to US$3.1bil (RM9.7bil) in five years on government incentives, according to the industry’s biggest fund manager.
CIMB Islamic Bank Bhd, which oversees RM1.7bil of funds that invest in unlisted companies, was handling more cash for state institutions and benefiting from tax exemptions on fees until 2016, Kuala Lumpur-based chief executive officer Badlisyah Abdul Ghani said in an interview. Syariah-compliant regulations and fund-raising options were developed enough to support growth in the market, which had about RM2.5bil in assets, he said. ……………………………………….Full Article: Source

Is private equity ‘pretty terrific’ for society?

Posted on 06 July 2012 by admin  |  Email |Print

Blackstone Group chairman and CEO Steve Schwarzman told CNBC’s “Squawk Box” that the private equity industry’s leaders need to do a better job of marketing if they want to dispel popular misconceptions about what their firms do.
“What private equity does is raise money from pension funds – these represent policemen, firemen, teachers, corporate executives and state and municipal employees,” said Schwarzman, “and it invests that money to buy companies.” ……………………………………….Full Article: Source

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