Cleantech Fund Performance Might Surprise

Cleantech funds are hardly barnburners, but it is interesting to note that many may have performance multiples of at least capital invested. This is according to Preqin, which in a recent report found the median multiple for cleantech funds is above 1.00x. The company compares distributions and fund value with cash invested. The company said […]

Anthony Habgood to Chair Preqin

Data and intelligence provider Preqin has appointed Anthony Habgood to the company’s board of directors as chairman. Anthony is chairman of Reed Elsevier and Whitbread plc. PRESS RELEASE Preqin, the alternative assets industry’s leading source of data and intelligence, is pleased to announce that Anthony Habgood has joined the company’s board of directors as Chairman. […]

Tepid Report On Secondary Fundraising Finds 27 Funds On The Road

Twenty-seven secondary funds are out seeking capital, according to a report from Preqin. The funds hope to raise $19.8 billion from investors with a majority of the new investment vehicles focused on North America. According to Preqin, 59% target stakes in North American private equity funds, while 30% set their sights on Europe. The remaining […]

1997 Appears The Top Year For Venture Returns; 2008 Median IRR Still In The Red

I came across a smidgen of data today that may not surprise anyone, but is worth mentioning. Vintage year 1997 venture capital funds appear to lead the industry in returns. Two years later, performance entered a downward slide that hasn’t completely reversed. According to a Preqin analysis of fund IRRs, vintage 1997 funds “have achieved […]

North Carolina Apparently Completes $520M Secondary Market Sale Of Buyout Funds

There isn’t much public information to be had, but it appears North Carolina completed the sale of a $520 million portfolio of large buyout funds. Preqin reports the state’s public pension fund first brought the portfolio to market in February and since then has secured an undisclosed buyer. The money manager’s aim is to reduce its […]

Report Finds 127 Early Stage Fund Now Being Raised

GSR Ventures announced Tuesday morning it closed a $350 million early stage venture fund targeting investments in China. The new fund was oversubscribed, the firm reports, with 80% of its money coming from previous GSR investors. It also might be on the leading edge of a new wave of early stage funds being raised across […]

The Mood Among LPs? Much Better, Thank You, Survey Says

For all the private equity firms waiting – patiently and impatiently – for limited partners’ moods to improve, the wait is over. According to a new LP survey by Preqin, the private equity data firm, LPs are moving squarely off neutral and into high-gear in terms of committing new funds.

More than three times as many LPs, about 46 percent of Preqin’s respondents, said they planned to increase the amount of capital that they commit to private equity during 2011, as compared to 13 percent who said they planned to reduce their commitment levels. And of those LPs who planned to commit more in 2011, about two in every five said they said they planned to increase their commitments “significantly.”

The Preqin results echo another recent study – this one by Coller Capital – which reported that more than twice as many LPs planned to increase their target allocations to private equity in 2011, as compared to those who planned to decrease their allocations. The Preqin results were more profound, revealing that more than three times as many LPs planned to increase their target allocations to PE over the next 12 months as those that planned to decrease them.

European Venture Fundraising On Track For A Boost In 2011; 89 Funds In Market

A total of 89 European-focused venture capital funds are raising capital this year, well more than double the number of funds that closed on new money last year, according to a study. The news suggests an uptick of investment interest and perhaps confidence. It also foreshadows an improvement in fund formation. The 89 funds hope […]

Cleantech Far From Down And Out: 83 Funds Said To Be Raising $23.5B

If you thought interest in cleantech was waning, you were wrong. Fundraising activity appears to be on an upswing in the alternative energy business, with 603 venture and private equity firms worldwide prepared to invest. At least 83 industry-focused funds are out now seeking $23.5 billion in new capital, according to a study released this week […]

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