Secondaries

The listed private equity firm has brought new investment to a standstill and made significant inroads into its debt pile.

With LP defaults becoming a more common occurrence, GPs need to understand all the implications for the management company, the fund and other investors. Jennifer Harris explores the issues

Investors in private equity funds believe one-quarter of private equity managers will fail because of the financial meltdown, and one out of every 10 investors in private equity will default on capital calls, according to recent surveys.

We recently hosted an elegant black-tie dinner at London's Victoria & Albert Museum in honour of the winners of the 2008 Private Equity International Awards. Jeremy Coller, the founder and chief executive of secondaries firm Coller Capital, collected the second annual PEI Private Equity Leader award.

In a ‘sign of the times’ PEI’s second annual Private Equity Leader award has gone to Jeremy Coller, whose firm manages one of the largest pools of capital in the secondaries market.

Net asset values will decline more over the next few quarters, brining allocations back into balance, according to a white paper published by the secondaries specialist.

The London-listed private equity investor has filled its top management positions from within as it separates the management teams of its two business divisions.

Five bright ideas for cutting down on technology spending at your firm.

New technologies have improved convenience and security in the secondaries market. In these deals, GPs do themselves and their LPs no favours by hiding important fund information.

As the spectre of LP defaults looms larger, Guy Hands'Terra Firma has attempted to get ahead of the issue by buying out LPs from its 2007 fund.