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Institutional investors remain committed to private equity investing, but seek greater portfolio transparency and higher quality reporting from managers amid growing liquidity and performance concerns, according to a survey by SEI.
In a report on the survey’s findings, SEI asserts that private equity managers who standardise and institutionalise transparency practices will be most likely to retain and capture assets because they will create efficiencies while delivering a more consistent and enhanced client experience.
The survey, which was completed by senior investment professionals at 51 organisations ranging in size from less than EUR330m (USD500m) to more than EUR13bn (USD20bn) in assets,
Dolphin Equity Partners has recorded one of the largest single returns for limited partners among venture capital investors in 2009 with its sale of long-time investment Gomez to Compuware.
Compuware’s USD295m cash acquisition of Gomez realised USD93m for Dolphin investors, a 770 per cent return.
Dolphin was Gomez’s largest shareholder and first invested in the company in 2000, when it saw an opportunity to build on Gomez’s nascent Web-performance monitoring assets and its then-pioneering delivery via the Software as a Service model.
“Dolphin is committed to looking for long-term investment opportunities that have huge potential payoffs, especially among SaaS technology
Horacio Valeiras, Managing Director, Nicholas-Applegate Capital Management and CIO, Allianz Global Investors Management Partners, looks back at 2009 and outlines his views on 2010.
History will remember the first decade of 21st Century as when we saw the first signs of a shift in economic power, with the last year showing it most significantly, from West to East.
With regard to investment classes, we experienced a negative 10 year cycle for returns in equities with the S&P 500, Dow Jones and EuroStoxx 20 being down significantly
Review: 2009
The story of 2009 has been the massive and unprecedented amounts of
Swing Media Technology Group has entered into a SGD10m equity line facility with YA Global Master SPV, a fund managed by Yorkville Advisors.
Swing Media, a manufacturer and supplier of data storage products and peripherals, plans to use the funds for the group’s general corporate and working capital purposes and to further expand its core business and explore new ventures, including expansion into China green energy sector.
Matthew Hui, chief executive officer of Swing Media, says: “We are extremely pleased to welcome Yorkville as a long-term strategic capital partner. The partnership is an endorsement by the US-based fund manager
With the Madoff and other scandals still fresh in the mind and investors demanding that managers provide increased transparency, the hunt is on for software tools that meet clients’ portfolio
The value of investment funds in Guernsey grew by GBP12bn, or seven per cent, in the third quarter of 2009, according to figures from the Guernsey Financial Services Commission.
This is a reverse of the trend experienced during the previous 12 months and takes the net asset value of funds under management and administration in Guernsey to GBP181.5bn at the end of September.
However, this still represents a contraction of GBP20bn (ten per cent) year on year.
Tom Carey (pictured), partner at law firm Carey Olsen, says the results support the growing optimism recently shown by many practitioners in the
Hudson Clean Energy Partners has officially closed its debut fund with commitments of USD1.024bn, successfully achieving its USD1bn target.
Hudson will deploy this capital along with co-investment commitments to expand the firm’s current investment portfolio in the clean energy markets.
Founded in 2007, Hudson Clean Energy Partners is led by renewable energy executives Neil Auerbach (pictured) and John Cavalier.
Auerbach previously founded the US alternative energy investing business within Goldman Sachs’ special situations group, where he led several of Goldman’s most successful investments in renewable energy.
Cavalier was formerly vice chairman of Credit Suisse’s investment banking department and served as
Mark Spinner (pictured), partner and Head of Private Equity at international law firm Evershed, outlines the significance of Candover’s latest agreement with investors to terminate the EUR 3bn (GBP 2.73bn) buy-out fund it raised last year.
This news is indicative of what is happening in the bigger end of the buy-out market. Traditionally the bigger buy-out funds have relied upon the availability of significant amounts of reasonably cheap debt – debt that is just not available at this time. This makes deals at the top end of the private equity value range much more difficult to structure and close.
Added
Motorola’s venture capital arm, Motorola Ventures, has invested an undisclosed amount in Sensitive Object, a developer of multi-touch platforms and natural user interfaces.
Sensitive Object was created in October 2004 to develop a patent protected technology which uses acoustics to analyse sound waves departing from the point of touch, allowing any surface to be used as a touch device.
The software based technology can be used in any product that might benefit from touch based user interfaces, including mobile devices.
Sensitive Object is a spin-off from the French Science National Research Centre. It had previously received funding from venture capital
William Hill, Head of Property (pictured) and Mark Callender, Head of Property Research, at Schroder Property Investment Management Limited, predict that the recent turnaround in the performance of UK commercial property will continue through the first six months of 2010, however, the picture after that is less clear.
In the first half of 2010, Schroders believes that there is sufficient momentum in the investment market to support a further recovery in capital values. In turn, yields will continue to fall, particularly as rental values are expected to reach a trough.
What happens in the second half of 2010 and beyond
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