Columnist
The big picture
For only the fourth time in 50 years, the yield on UK government bonds is below that on UK quoted equities, bringing both good and bad tidings for private equity.
Published Wednesday, 18 August 2010.
Ostriches and condors
The asset class is dividing into two camps: those willing to believe that good times are just around the corner, and others who are finally asking some difficult questions.
Published Wednesday, 28 July 2010.
When the music stops
A mixture of bad luck and bad judgment has left Terra Firma hugely compromised by its investment in EMI, but it is in the interests of private equity that the firm’s luck should change.
Published Monday, 21 June 2010.
When the lights go out
As an asset class already in dire straits prepares for further draconian regulation, perhaps European venture capital should ditch the mother continent altogether.
Published Thursday, 03 June 2010.
The feeling’s mutual
Comparing mutual funds with private equity reveals a more rational environment where outperformance, and not manager greed, drives increases in fund size.
Published Wednesday, 19 May 2010.
Fiat punters
Should international investors ever join with a country’s own citizens in losing faith in its currency, then the world financial crisis may yet take a more disastrous turn.
Published Wednesday, 05 May 2010.
The GPs we deserve?
The onus is on limited partners to force changes to terms while the economy remains shaky, or they can have no complaints with the GPs they end up with.
Published Wednesday, 21 April 2010.
From Baird to worse
Much of today’s most important technology was invented by Europeans, but – as with venture – the Americans are best at “monetising” innovation.
Published Wednesday, 10 March 2010.
The fear factor
Abandoned IPOs should set off alarm bells within private equity, raising concerns that a much-heralded route to exit has suddenly slammed its door shut.
Published Wednesday, 24 February 2010.
Modifying the model
As banks tentatively begin to reopen their doors, and private equity looks to re-establish itself, now could be the time for a new investment model.
Published Tuesday, 26 January 2010.
