Angela Sormani

Listed fund-of-funds manager Princess Private Equity holding Limited has boosted its liquidity levels with a new three-year credit facility and the sale of its listed private equity investments during 2009, setting the stage for fresh commitments to U.S. and European buyout funds. The board of directors has signed a new three-year credit facility set at […]

Listed fund-of-funds manager Princess Private Equity holding Limited has boosted its liquidity levels with a new three-year credit facility and the sale of its listed private equity investments during 2009, setting the stage for fresh commitments to U.S. and European buyout funds. The board of directors has signed a new three-year credit facility set at […]

The U.K. Pension Protection Fund (PPF) is ramping up to make its maiden fund commitments following the introduction of a 20 percent (approximately $1.2 billion) target allocation to alternative investments. The £4 billion ($6.1 billion) fund, which manages the defined benefit pension schemes of collapsed businesses, is adjusting its portfolio allocation model by reducing its […]

Skandia Life Insurance Company is looking to reach its target allocation to the private equity asset class, which amounts to 10 percent of its total assets, by 2013. This suggests the firm will commit some $400 million to $800 million per year to buyout funds. The actual allocation at the Nordic life insurance company, which […]

Castle Private Equity will start making fund commitments from its Swiss listed fund of funds again in 2010 following a year’s hiatus. The fund also appears to be heading for an additional listing on the London Stock Exchange. Castle Private Equity, which is weighted toward U.S. and European buyout funds, stopped making commitments at the […]

Neuberger Berman’s European listed vehicle NB Private Equity Partners Limited anticipates reducing its pace of U.S. fund commitments in the months ahead to focus on building up its exposure to Europe and the rest of the world. Peter Von Lehe, managing director of Neuberger Berman and a member of NBPE’s Investment Committee, said the aim […]

The Public Sector Pension Investment Board is the latest Canadian pension fund manager to express a preference for direct private equity investing. Speaking at the SuperReturn conference in Berlin last month, Jim Pittman, vice president-private equity of PSP Investments, said that, in light of the disappointing performance of mega-buyout funds, the board plans to halve […]

Private Advisors is waving the white flag on its attempt to expand its private equity funds-of-funds business outside of North America, in yet another sign that investor appetite for the asset class remains muted. Since the beginning of the year, the U.S.-based firm has seen three of its four-strong London-based team resign. This follows the […]

Private Advisors is waving the white flag on its attempt to expand its private equity funds-of-funds business outside of North America, in yet another sign that investor appetite for the asset class remains muted. Since the beginning of the year, the U.S.-based firm has seen three of its four-strong London-based team resign. This follows the […]

Danish fund-of-funds manager ATP Private Equity Partners is set to launch its fourth fund of funds by the third quarter, but it is likely the original targeted fund size of €1.5 billion ($2.0 billion) may be brought down to €1 billion due to slow fundraising conditions and fewer opportunities to invest. ATP PEP manages €6 […]