Hints and tips:
...Leverage has been applied ‘downstream’ at the portfolio company level, ‘upstream’ with recourse to GPs and LPs, and ‘midstream’ to the funds that own portfolio companies in the form of NAV loans....
...We think this risk is also low, considering a broad range of liquidity and capital solutions that are available to both GPs and LPs....
...Their central conclusion is that “GPs do not appear to manipulate interim returns to fool their LPs, but rather because their LPs want them to do so”....
...“I was interested in challenging how I used the cameras, but also challenging the landscape.” For this latest project, however, the challenge was set by the landscape and its past....
...d probably lose it all — even if I promise you a higher hurdle rate and no fees?...
...For instance, Figure 58 shows that LP growth for 1996 was revised up from roughly 1% originally to close to 3% eventually. (Citi GPS) —— 9....
...“I am afraid that the fantastic Club Med brand will not be in the right hands,” he said....
...The 56 remaining GPs closed on approximately $2.8bn in capital commitments (see Exhibit 3)....
...“The recent recovery I think has more to do with market sentiment than Ghanaian fundamentals,” said Antoon de Klerk, portfolio manager at London-based Investec Asset Management....
...“You don’t see many billionaires who became billionaires by being LPs – but plenty who did by becoming GPs,” Mr Morley said....
...People sign up for the service even before it’s available in their city, he says, often from a phone that shares their location via GPS, so Uber sees every time they look, in vain, for a car....
...However, he noted that “if the $3.3bn Centerbridge bid becomes firm, I wouldn’t expect Dish to bid even more”....
...I personally have very substantial – much more than the other partners combined – amounts committed and invested in Alchemy’s funds both as GP and LP....
...There is less work to go around but bankers at least feel wanted: “I think the days of the broad-based corporate financier are back,” says one. Titles are certainly proliferating....
...William Gilmore, investment director of private equity at Scottish Widows, said: “I suspect there will be a shake-out in the industry and some GPs (private equity general partners) will not be able to raise...
...“I don’t think there’s any doubt that we expect lower returns than we have seen in the past five years …[but] I have relative peace of mind that we won’t see negative or single-digit returns either,” says...
...“As you will see, I am wearing pin stripes and a lavender tie. I hope that will indicate where my priorities lie.”...
...Having my musical centre of gravity somewhere in the early 19th century, I remember as a student feeling quite adventurous when I bought a Classics for Pleasure LP of Elgar’s Enigma Variations and Introduction...
...The leading LPs by solo males were Lou Reed’s Berlin, Tom Waits’ Closing Time, John Martyn’s Solid Air, Gram Parsons’ GP, John Cale’s Paris 1919, Hugh Hopper’s 1984, Kevin Coyne’s Marjory Razorblade, Marvin...
...I once had a Sony PlayStation but gave it away; I’ve never owned anything made by Nintendo; I do not possess a personal digital assistant (PDA); I still play my vinyl LPs and I’d quite like a mobile phone...
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