September 2010 Issue

COVER STORY: SECONDARIES

Breaking through the barrier
After a lacklustre 2009, the secondaries market is marking a return to (booming) business as usual

Alternative routes
Brokers try to bring a trading room feel to the market

Still hungry
LP appetite for secondaries remains strong

Growth of a market
The rise of the emerging market secondaries

Regulation gold rush
What new rules mean for secondary deal flow

FEATURES

TPG takes on property
How a private equity giant is getting into real estate

Introducing Berger, Lahnstein, Middelhoff
A firm founded by three German grandees sizes up the asset class

Mega-funds revisited
Is there space in this market for another $20bn fund?

Farewell to the revolutionary
Reflections on the retirement of IDFC Private Equity's Luis Miranda

Feeling left out
USD vs RMB: GPs tread the fine line between conflicts of interest

Privately Speaking: Standard bearer
Veteran investor David Currie of SL Capital Partners talks about the future of the industry and his firm

Regional report: BeNeLux
Professionals in Belgium, the Netherlands and Luxembourg are finding it difficult to close deals

Guest comment: Avoiding the hype
Frog Capital's Iyad Omari argues the case for avoiding 'inspirational rhetoric' when investing in cleantech

Family guys
Family offices advisor Hall Capital Partners on the draw of emerging markets

Raising concerns
The drama surrounding the relationship between CalPERS, Apollo and controversial placement agent Alfred Villalobos continues

Changing the equation
Two studies track private equity's elusive 'alpha'

Year of the extension
How LPs are reacting to fund extension requests

REGULARS

Letter from . Iberia
The banks in Spain and Portugal are feeling the heat

In Europe
Why getting into bed with a sovereign wealth fund
may cause issues

Stateside
What the departure of a hedge fund legend teaches us about succession in private equity

Asia monitor
Australian GPs prepare to fight for their lives

LP radar
What should LPs say when a manager asks for new cash to prop up an old portfolio?