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Archive for March, 2009

European Fundraising Review

March 30, 2009 Leave a comment

In case you weren’t already aware, my good friends over at Unquote are about to launch the European Fundraising Review, to which my team has been contributing.
Quite apart from the excellent data and analysis you’ll find therein, the foreword by John Campbell at advisory group Campbell Lutyens is, as always, a joy to read.
No dogs or ships this time, but a well-considered piece, to be sure. More details soon!

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Splitting up the record collection, PE style

March 30, 2009 Leave a comment

Is it better to have invested and lost than never to have invested at all?

Girls, does it hurt when:
You make a commitment and
Some guy hands it back?

Love IS a battlefield

New group for PE and VC-backed managers

March 29, 2009 Leave a comment

Private Equity and Ventue Capital Backed Managers Group

The fundraising and fund investment group I started on LinkedIn two weeks ago now has over 450 members – a special welcome to the 450th member Hal Morimoto. Hal is a great guy and knows more about the investment habits of LPs in Japan than is probably healthy.

Considering the amount of traffic that I know has been passing between members in direct messages, away from the open discussion forum, I wondered if there wasn’t another group not properly served by the plethora of, nominally, at least, private equity and venture capital groups on LinkedIn.

IE Consulting and Incisive Media are owned by Apax Partners and I have now set up a group for:

  • Managers of currently or previously Private Equity and Venture Capital backed businesses
  • Managers and senior industry professionals that would like to work at a PE or VC backed business (either their own – as a buyout – or at someone else’s -a Management Buy-In)
  • Professionals that can facilitate this (specialist PE/VC management recruiters, sell-side advisory groups)

The idea is not to create some kind of deal flow network (in fact, no GPs (PE or VC) will be admitted); I think individuals looking to broker or invest in opportunities in Kazakh hairdressing or GPS technologies in Surinam are more than adequately served by LinkedIn groups already…
Rather, I want to provide a safe place (remember: no GPs!) where managers can share experiences and help each other make the most of the opportunities afforded, whilst avoiding the potential pitfalls.

I hope we will cover relationships and communications (with financial sponsors, staff and customers), how to best access and take advantage of the resources and assistance available from your financial sponsor and much more.

Anyway, I hope to see you in the group!

End the week on a Hai(ku)

March 27, 2009 Leave a comment

Limited partner
Agreement is no basis
For relationships

Private Equity Haiku III

March 27, 2009 Leave a comment

Hey, placement agents:
Wear more “Simpsons” ties! Let’s put
the “fun” back in fundrasing.

Ouch. #privateequityhaiku

Another day, another private equity Haiku…

March 27, 2009 Leave a comment

Limited Partners:
Though not so drawdown-happy,
Love distributions

Private Equity Haiku

March 26, 2009 Leave a comment

Mid-market buyouts
Are still sort of happening.
Or was that a dream?

More tomorrow. They get worse.