Nov 11 2005 | 7:51pm ET
European-based fund-of-funds firm CAM Private Equity is readying to launch an offering aimed at giving U.S. institutional investors access to the European private equity market. The new fund will invest in funds that target the European mid-market buyout space, which CAM defines as enterprises with transaction values below €500 million. The target fund size is $200 million and the minimum investment is $5 million.
Rolf Wickenkamp, founder and managing partner, expects the first close in Q1 of next year, with a final close by the end of the year. The fund will have management fees of 1% that will remain constant during the investment period, which is 12 years, and then decline. The performance fee is a 5% carried interest subject to a hurdle of 8% per year.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…