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Entries tagged "limited partners"Pay-to-play response threatens smaller PE firmsWhile New York Attorney General Andrew Cuomo's attempts to clean up after the pay-to-play scandal, the broader issue of how to deal with placement agents has proved a challenging one. LPs take a bath on PE investmentsIn spite of the huge boom in LBO profitability between 2004 and 2007, pension funds have little cash to show for the money they've put into private equity this decade, says a new report. California pension funds lose nearly $100BThe country's two largest pension funds, CalPERs and CalSTRS, reported losses of $56.2 billion and $43.4 billion, respectively, for the fiscal year that ended June 30. Buyout shops waving goodbye to management fees?With performance down, limited partners are pushing back on the management fees that they pay buyout shops. All new investors class for midmarket PE firms?With their traditional limited partner base strapped for cash, middle market PE firms expect new funds to come from a different class of investors. Advice for GPs out fundraisingAn institutional investor has some insight into how the thinking of his peers has changed towards GPs out fundraising. Mercer: Crisis could lower fund feesThe turmoil caused by the credit crisis has shifted the balance of power in favor of limited partners and away from fund managers. Permira gives its limited partners 40% offWith the pension funds and other institutional investors that provide the lion's share of capital for private equity funds feeling the squeeze of mounting losses from plunging debt and equity markets, buyout shops have been having a harder time getting them to meet their capital calls. With that in mind, it looks like U.K. buyout firm Permira Advisers LLP is offering its investors a chance to reduce the size of their commitment to the 2006 buyout fund Permira IV. ... No large LP consortium, after allIf ever there was a time when investors in big buyout firms raising new funds might try to extract better fund partnership terms, the time would be now. So a recent report by Dow Jones Financial news that a group of very high-profile global institutions has banded together to gain concessions from their general partners should not have come as a surprise. The informal group supposedly comprises the Government of Singapore Investment Corp. Pte. Ltd., AlpInvest Partners, two Canadian pension funds and a family office. Except that it did come as a total surprise -- especially to the members of... San Diego pension fund to start backing PE fundsAlthough somewhat late to the party, the San Diego City Employees' Retirement System is jumping into private equity. The pension fund is looking to hire an adviser to help it allocate about 5% of its of $5 billion of assets. SDCERS expects to commit roughly $100 million to $150 million per year to its private equity program. ... HarbourVest's Kevin Delbridge on the state of private capitalKevin Delbridge, senior managing director at giant fund-of-funds HarbourVest Partners, spoke at the Private Equity Analyst's Limited Partner Summit on the state of the private capital industry.... Capital Dynamics' Janusz Heath on LP/GP dynamicsSpeaking on a panel discussion at the Private Equity Analyst's Limited Partner Summit on international private equity, Janusz Heath, a managing director at Capital Dynamics, had plenty to say about the dynamics that limited partners are looking for in private equity partnerships.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "limited partners." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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