Astorg, one of Europe’s leading private equity groups with over EUR8 billion of AUM, has made its first investment in the US with the acquisition of Anaqua, a global leader of intellectual property management solutions. Astorg sees significant opportunities in the IP space and by taking a controlling shareholder position in Anaqua, it replaces Insight Venture Partners and Bessemer Venture Partners.
The Private Equity Wire Awards 2019, presented in London on 8 March, recognise the best private equity managers, investors, consultants, advisers and service providers during 2018 in a range of categories covering the entire private equity space.
Last year an estimated USD81 billion was raised last year in the US biotechnology space (from IPOs, secondary offerings and venture capital): the third largest year in history. Cities such as Boston and San Francisco have, for decades, been at the forefront of biotech developments, putting the US biotech marketplace 20 years ahead of Europe’s in terms of size and level of investment activity.
There will have to be a stronger, sharper and more sustained correction in global equity markets to put the brakes on further capital allocations in to private markets this year. That was the overall consensus on a fundraising panel at the recent International Private Equity Markets (IPEM) event in Cannes.
When the International Monetary Fund released its forecast at Davos last month it expected a 1.6 per cent growth in Europe and a 3.5 per cent growth globally. When things are going well it’s all about value creation but when things are going badly it is the global macro environment – which perhaps some managers use as a safety blanket.
This Private Equity Wire report, produced in collaboration with Gemini Fund Services, offers practical guidance for those thinking about setting up an Opportunity Zone Fund and how to determine whether it is a right fit for their business… »
Influential members of the private equity manager community share their views and opinions on how they see 2019 playing out, in terms of the macro backdrop, deal flow, fee structuring and fundraising… »