LPs worried about denominator effect as capital calls rise - survey
LPs are receiving more capital calls from private equity firms following the coronavirus outbreak, with the concurrent drop in public market valuations prompting concerns about overallocation to the asset class, according to a survey by the Institutional Limited Partners Association (ILPA).
Nearly two-thirds of respondents said they were worried about exceeding their policy target for private equity. “It is hard to unwind current positions in PE. As public markets go down, we see a denominator...
Affinity recruits Australia head, re-hires executive from Quadrant
Affinity Equity Partners has strengthened its coverage of Australia and New Zealand with the recruitment of Nick Speer from The Riverside Company as a partner and local team leader and the rehiring of Mark Chudek from Quadrant Private Equity.
Bain pursues buyout of Australia's Estia Health
Bain Capital has offered to acquire Australia-listed aged care provider Estia Health for AUD 775.1m (USD 517.4m).
China’s JD Industrials completes $300m Series B
JD Industrials, a one-stop industrial products e-commerce platform under China’s JD.com has completed a USD 300m Series B round led by Abu Dhabi investors Mubadala and 42XFund.
JIP wins board approval for $15b Toshiba buyout
The board of Toshiba Corporation has approved a tender offer from Japan Industrial Partners (JIP) that values the company at approximately JPY 2trn (USD 15.3bn).