PE Tech Report

Managers

17Capital opens Dubai office and promotes three in US

17Capital, a London-headquartered private credit manager specialising in NAV financing, has promoted Dane Graham and Greg Hardiman, both New York-based, to partner and San Francisco-based Michael Timms to managing director.

Eurazeo opens Tokyo office for “fastest growing investor base”

Eurazeo has opened a Tokyo office, which focuses on investor relations and fundraising. Mathieu Teisseire, Managing Partner and Head of Investor Relations at Eurazeo, expects Japan to be “the fastest growing investor base” in Asia over the next year, according to a report by Private Equity International.

Distressed debt soars at PE portfolio companies

Distressed debt levels at private equity-owned companies have surged amid persistent high interest rates, with the amount owed by portfolio companies of the world’s 50 largest PE firms up 18% since mid-March to $42.7bn, according to a report by Bloomberg citing rankings from Private Equity International.

PE sector facing years of lower returns

Private equity leaders are cautioning that the industry is likely to face years of lower returns as they work to sell off assets accumulated during the investment boom of the coronavirus pandemic, according to a report by the Financial Times.

KKR mulls Japan credit push

With Japan already the destination for about 40% of its investment activity in Asia, private investment major KKR & Co is now weighing up a move into the country’s private credit market, according to a report by Bloomberg.

Former Goldman Sachs partner starts healthcare PE firm

Former Goldman Sachs partner Jo Natauri has launched Invidia Capital Management, a New York-based healthcare services-focused private equity firm, with investment from global alternative asset management solutions provider GCM Grosvenor.

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