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USS CIO Simon Pilcher: ‘We got a lot done in a difficult market environment’

The head of investments at the UK’s largest pension fund on coping with crisis, bond market dislocations and recruitment plans

EBRD prints record Sofr deal

The European Bank for Reconstruction and Development ventured out to raise its largest ever bond linked to the secured overnight financing rate (Sofr) this week in what otherwise a thin week for issuance in dollars.

US, Asia-based DCM raises $880m fund pair thanks to stellar past performance

US and Asia-based early stage investor DCM Ventures has closed its biggest family of funds to date by hauling in $880m across a pair of new vehicles. The committed capital includes $780m for DCM IX, its

Female entrepreneur-focused Rethink Impact closes $182m Fund II, says Covid-19 has hit diversity efforts in VC

Rethink Impact, one of the largest impact venture firm dedicated to backing female tech entrepreneurs, has hit a $182m final close for its sophomore fundraise.

Largest buyers of GP-stakes running out of supply as competition heats up

Three largest buyers of GP-stakes are raising a combined $19bn but the number of potential targets is dwindling

Investor group calls for better covenant transparency after TKE victory

The European Leveraged Finance Association has called for better transparency in high yield covenant packages, arguing that clarity is crucial for pricing risk. The call comes soon after one of the largest covenant climb-downs in

LGT Capital gets double fund commitment from British Business Bank unit through £500m investment programme

The British Business Bank has made its largest commitment to date from its £500m managed funds programme, by committing to a pair of LGT Capital Partners fundraises.

Pictet seals $1.16bn fund of funds close, 50% larger than predecessor vehicle

Pictet Alternative Advisors has raised more than $1.16bn for the final close of Monte Rosa V, its latest in a series of diversified, multi-manager private equity fund of funds.

AMB :- Private equity portfolio companies weathering the Covid-19 storm

Laxman Pai, Opalesque Asia: Private equity portfolio companies are largely weathering the storm caused by the coronavirus crisis, new research from risk management firm Willis Towers Watson shows. The report revealed tha...Article Link

Covid-19 storm being weathered well by private equity portfolio companies – survey

Private equity portfolio companies are largely weathering the storm caused by the coronavirus crisis, new research from risk management firm Willis Towers Watson shows.

China markets round-up: July trade surplus surprises, PBoC reviews monetary policy, most Covid-19 treasury bond proceeds allocated

In this round up, China records a trade surplus in July that exceeds expectations by a large margin, the central bank reviews the monetary policy from the second quarter and sets a direction for the

Oaktree’s Watco Buys Short Lines from Dow

Watco Companies, a portfolio company of Oaktree Capital, has agreed to acquire the short line rail assets and related equipment of six North American manufacturing sites from Dow Chemical. Watco is a provider of transportation

Commerzbank’s CEO and chairman to resign amid pressure from Cerberus

The second-largest German lender is in the midst of a deep overhaul but solid financial performance remains elusive

Secondary fundraising stays strong despite pandemic

Fundraising has remained strong as buyers raise ever larger capital pools

Mosaic, Y Combinator help regtech player Veriff closes $15.5m funding round ahead of larger Series B

Mosaic Ventures and Y Combinator have helped regtech platform Veriff close its latest funding round on $15.5m.

Cirque du Soleil Gets Stalking Horse

In response to the disruption and forced show closures as a result of the COVID-19 pandemic, Cirque du Soleil Entertainment Group has filed for protection from creditors in Canada – under the Companies’ Creditors Arrangement

Webster and MedEquity Expand BelMar

Belmar Pharmacy, a compounding pharmacy and a portfolio company of Webster Equity Partners and MedEquity Capital, has acquired APS Pharmacy. Compounding pharmacies combine, mix, or alter one or more ingredients to create a medication that

Datasite: AI to Speed Up M&A

According to Datasite, over the next five years new technologies, including artificial intelligence, will transform the mergers and acquisitions process by decreasing the time it takes to perform due diligence to less than a month

Carlyle buys into Bharti Airtel data centre unit at $1.2bn valuation

Carlyle has agreed a $235m investment in the data centre unit of India's largest integrated telecommunications operator Bharti Airtel.

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