If you’ve got 5-10 minutes spare and you work on European private equity transactions as either a deal exec, an origination specialist, or an advisor, please take this survey . We ran something similar last year and are looking to see how the market has changed.
The results, along with those of last year and a whole host of other goodies will be available free of charge to all respondents.
Thanks in advance!
Private equity: /
Are you looking for lev’rage? /
Well, just buy a bank! /
1 buy bank
2 use leverage to fund new deals
3 refinance underperforming portfolio companies
4 clean up if all goes swimmingly
5 sell toxic bank assets to taxpayers if not, clean up
6 high fives all round
Private equity giant loses yet more millions, all perspective (or is that just the financial press?)
It’s all very well trying to see the positive in a bleak environment, but identifying a loss of close to $100m as good news seems a little “unusual”, to say the least.
When you think you see the light at the end of the tunnel, it’s as well to quickly make sure that you haven’t just been imprisoned for all eternity inside a giant torch…
Oh well done, fellas! /
We thought you’d lose more money. /
Let the good times roll /
I’ve been thinking recently how successful fundraisers stand out and I keep coming back to the importance of clarity and focus. If an LP is to invest, the following must be explicitly established:
- 1.This market represents a great opportunity, right now and for a considerable time;
- 2.This strategy is the most suited to exploiting that opportunity;
- 3.This manager is the most able to successfully execute that strategy.
I thought this was so central to the selection process that I even drew a diagram to illustrate it:
With legally required disclaimers the only exception, I believe these are the first three ideas an LP should see when opening any fundraising materials. These three concepts should inform the content throughout. And that includes the cover.