Tuesday, 21 October 2014
Last updated 8 hours ago
Mar 27 2008 | 9:30am ET
Sydney, Australia-based Pacific Equity Partners has raised A$4 billion (US$3.6B) for its fourth private equity fund.
The fund, PEP Fund IV, which will invest in companies with principal operations in Australia or New Zealand with an enterprise value of at least A$300 million, is more than three times larger than any previous Australasian private equity fund, according to the firm.
“In the current environment, a fund of this size is necessary to address deals much above A$300 million in size,” said Rickard Gardell, founder of the firm. “The scale of our fund is ideal for providing vendors with a dependable one-stop solution and very positive for banks who are looking for an uncompromising credit record and big funds in reserve to support investments.”
Pacific Equity Partners was founded in 1998 and currently has over $4.5 billion of funds under management.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...