Given the economic instability generated by the ongoing Covid-19 pandemic, European private equity deal activity showed remarkable resilience last year, according to Pitchbook’s 2020 European PE Breakdown.
Memery Crystal, a London-based law firm, has entered into an exclusive agreement with Parisian law firm, Fides Partners to offer UK clients a comprehensive and independent management advisory offering for private-equity backed deals.
By George Ralph (pictured), Managing Director, RFA – Technology has moved so quickly over recent years. Once new technology has been implemented there is no way back, but this is a positive thing as businesses, including private equity firms, have benefited hugely from the collaboration tools available today.
2020 saw unprecedented pandemic-induced turbulence on the political, social and economic arenas not seen for decades. While some of the major private equity groups on the global scene – the likes of KKR, Blackstone and Apollo – managed to draw on dry powder, scoop up distressed assets in the wake of the turmoil, and launch new credit funds amid the financial havoc, there are many firms who have struggled with keeping their portfolio companies afloat while coping with vast demands on management. We also witnessed debut managers experience increasing hurdles.
Gauge Capital (Gauge), a middle market private equity firm, has closed its third fund with an oversubscribed first and final close of USD800 million in commitments.
Neuberger Berman has launched the NB Crossroads Private Markets Access Fund, a registered, continually offered closed-end fund that 'further democratises the firm's private equity offerings and increases access to these important portfolio solutions for individual investors'.
Singapore-based Tower Capital Asia has held a first closing of its Southeast Asia-focused private equity fund, Tower Capital PE Fund , at approximately USD250 million.
Quaero Capital completed fundraising for Quaero European Infrastructure Fund II (QEIF II) at its EUR600 million hard cap, exceeding the initial target of EUR500 million set at its launch in July 2019.
Sixpoint Partners, a leading global investment bank serving the middle market, has held the closing of Sheridan Capital Partners Fund II, above its hard cap with USD306 million of total capital commitments.