Sunday, 29 March 2015
Last updated 1 day ago
Feb 27 2013 | 12:33pm ET
This week's big private equity confab in Berlin is long on p.e. executives but short on investors.
The SuperReturn conference is often a good place to go to seek out and speak with potential investors. But those are outnumbered by more than two-to-one by representatives of the private equity firms themselves.
According to The New York Times, more than half of the 1,400 people at SuperReturn are from p.e. shops. Just a quarter of the attendees are institutional and other investors.
"Investors are concentrating on fewer managers," Advent International's Bob Brown told the Times. "Less capital is going to fewer managers."
Some of the big players at the conference turned today to its host continent. The leaders of the Carlyle Group and the Blackstone Group both said they see big opportunities in Europe despite its many troubles.
"Whenever you can buy assets from a government entity in Europe, you should do it," Carlyle's David Rubenstein said. "You will see distressed sellers sell assets at judicious prices."
"There's no doubt Spain will recover, it's just a question of when," Lionel Assant, European head of p.e. at Blackstone, added. Assant said that most European deals in the near future would be valued at between €500 million and €2 billion.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…