Private equity investment trusts become better value
The private equity sub-sector’s median discount widened out from 21.8% at the end of December 2015 to as much as 28.1% at the beginning of March 2016.
The private equity sub-sector’s median discount widened out from 21.8% at the end of December 2015 to as much as 28.1% at the beginning of March 2016.
Venture capital trust specialist Mobeus Equity Partners has hired Beringea chief investment officer Trevor Hope.
Aberdeen Asset Management has soft-closed its recently-acquired private equity vehicle after committed capital exceeded the fund’s target figure.
Woodford Investment Management’s ability to raise assets was underlined on Tuesday with the listing of its Patient Capital Trust, which gathered £800m and was 10% oversubscribed.
In a bid to further bolster is position within the alternatives space, Aberdeen Asset Management is to buy SVG Capitals minority stake in the firms joint venture, Aberdeen SVG Private Equity Managers for £29m.
F&C Investments has hired David Walker as investment director in its private equity funds business.
Private equity, property and infrastructure are set for a renaissance in institutional portfolios, though hedge fund investors are the least satisfied in the alternatives space, according to research from Preqin.
Twenty-five first-time funds achieved a final close in Q1 2014, securing an aggregate $5bn – the lowest quarterly amount in the period since 2008.
Private equity buyout firms have had their strongest year of deal making since before the global financial crisis.
Private equity group 3i has sold its majority stake in UK wealth manager Bestinvest to Permira.
Witan Investment Trust beat its benchmark by 5.3% in the first half of the year, boosted by holdings in private equity and gearing into rising markets.
Markets may be on an upward path, but its rarer now than ever to meet a fund manager who doesn't claim to be a contrarian.