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Archive for May, 2009

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May 21, 2009 Leave a comment

This is a test post from flickr, a fancy photo sharing thing.

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European Private Equity Survey – mid-market

May 19, 2009 Leave a comment

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!

The solution to all your woes – that’s if you are a GP and not a US taxpayer…

May 18, 2009 2 comments

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

1,000 up!

May 11, 2009 Leave a comment

Well, a quick look at the fundraising group tells me that there are now well over 1,000 members, all interested in discussing how best to select and present private equity and venture capital funds.

A glut of you joined and were approved at the same time, but it seems as though the 1,000th member was either Alex Edwards who works out of China for C.P.Eaton the global placement agent or Chris Genovese at gatekeeper Portfolio Advisers.

Either way, it is great to have both of you on board, along with the many others of you that have joined the group since its founding two months ago.

Will you be the 1000th member?

May 10, 2009 1 comment

Private Equity and VC Funds Group on Linked In

Private Equity and VC Funds Group on Linked In


While I was approving new members to my Linked In groups this morning, I noticed that my first LinkedIn group is almost at 1,000 members. When I think of the modest expectations I had for it when I started it two months ago, I think that is quite a result!

Just in case you have been living in a cave for the last 5 years, LinkedIn is similar to Facebook, but is for business professionals rather than high school and university students.

The group is for private equity Limited Partners (LPs) and fundraising professionals (Placement Agents, Investor Relations teams at General Partners etc.) and anyone else involved or interested in this area.

  1. LPs will find one of the largest groups of Limited Partners on LinkedIn
  2. GPs will find LPs and professionals that can help them with their fundraising efforts
  3. Placement teams will find both of the above

Discussion topics in Haiku-form are, of course, particularly encouraged…
I look forward to welcoming you to the group!

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 /

Why should I invest in your fund?

May 8, 2009 1 comment

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:

The three things you must demonstrate for your fund to be successful

The three things you must demonstrate for your fund to be successful

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.