Private Equity Gathers For Berlin Conference

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…