
2003
Complete Monthly Roundup: August 2003 03/09/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
Western Europe & Israel: August 2003 02/09/2003. European venture investment down slightly on last quarter but rate of decline slows, Belgian FLV Fund negotiates secondary market transaction for entire portfolio, EVCA launches new attack on Basel rules…

North America: August 2003 01/09/2003. University of California kicked out of Sequoia funds, Silverlake seeks to raise $4bn, Citizens Financial Group eyeing secondary sale of private equity fund portfolio, Franklin Templeton acquires Darby Overseas, JP Morgan Chase slashes commitment to $8bn JP Morgan fund… 
Central and Eastern Europe: August 2003 31/08/2003. Adriatic fund holds first close, the Carlyle Group launches Russian fund and Aventures launches technology fund in the Ukraine…

Asia & Australasia: August 2003 29/08/2003. KLM sets up joint venture, Wilshire launches fund of funds in Australia and Sanyo establishes an MBO fund in Japan…

People: August 2003 22/08/2003. CapMan hires Yrjo Wichmann, Harrison Miller returns to Summit Partners and Paul Lattanzio heads up new group at Bear Stearns …

Western Europe & Israel: July 2003 06/08/2003. EVCA urges revision to international accounting standards, better times ahead for European IPO market, Permira reaches first close at over E3bn, Deutsche Bank sells $500m private equity portfolio to CSFB's secondaries business… 
Complete Monthly Roundup: July 2003 06/08/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
North America: July 2003 05/08/2003. CalPERS reports private equity losses, New York plans to up allocations, Carlyle abandons plans for secondaries fund, Oak and Worldview slash management fees, US sees uptick in investment activity for third quarter… 
Central and Eastern Europe: July 2003 04/08/2003. Mezzanine Management holds final close, EBRD invests in Hungarian fund and Barings looks to Central Europe once again…

Asia & Australasia: July 2003 03/08/2003. Private equity fuels Australian IPO wave, CDC looks to close two Asian funds by October and Asian fundraising appears to be stabilising…

Funds: July 2003 02/08/2003. Permira raises E3bn for first close, Terra Firma delays final close, Mezzanine Management closes Central European fund, Lexington closes $2bn secondaries fund, The Edgewater Funds holds final close, Cerberus launches $1bn distressed debt fund, Ironside Ventures launches second fund… 
People: July 2003 01/08/2003. Susan Flynn joins Coller Capital, Thayer Capital loses chief operating officer and Dawnay Day boosts its exposure to private equity…

Western Europe & Israel: June 2003 02/07/2003. Deutsche Bank to sell $550m of collateralized fund obligations, Schroder Ventures closes $400m life sciences fund, UK private equity firms lose faith in non-executive directors and ABN Amro forms new private equity subsidiary… 
People: June 2003 02/07/2003. EVCA announces new chairman, Cees van Lede joins Carlyle, ComVentures loses David Helfrich and Aurora Funds recruits three new professionals… 
Trends: June 2003 02/07/2003. European GPs positive about increased disclosure; US GPs remain faithful to public institutions, but raise concerns about disclosure, global M&A down this year, but private equity share up, private equity firms more active in portfolio companies… 
North America: June 2003 02/07/2003. CalSTRS seeks emerging managers, Stanford to increase private equity exposure, US valuations fall further, Florida drops plans to protect terms and conditions from public disclosure… 
Asia & Australasia: June 2003 02/07/2003. Burrill looks to invest in Australia, Malaysian start-ups to receive seed capital and Walden cuts fund size again…

Funds: June 2003 02/07/2003. Schroder Ventures raises $402m for third life sciences fund, Altor raises E650m for debut fund, 3i reaches E2.1bn first close for latest fund, ComVentures launches new fund, Swander Pace launches consumer products fund, GTCR Golder Rauner holds first close, Arsenal Capital Partners exceed target, Thayer closes below target… 
Complete monthly roundup: June 2003 02/07/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
People: May 2003 04/06/2003. More executives leave Swiss Life Private Equity Partners, David McKenna returns to Advent International and Carlyle hires former Goldman Sachs executive... 
Asia, Australasia & the Middle East: May 2003 04/06/2003. New fund to target post-Saddam Iraq, KLM launches China-focused fund and China's regulatory reforms offer some optimism…

North America: May 2003 04/06/2003. NVCA seeks to defend University of California in disclosure suit, venture investment in Canada plummets, Walden to cut fund size for second time, US pensions and endowments increase allocations to private equity, Altira closes energy technology fund… 
Funds: May 2003 04/06/2003. Nordic Capital exceeds target size to raise E1.5bn, Partners Group launches first dedicated secondaries fund, Charterhouse lowers target on latest mega-fund, Tenaska plans $700m energy fund, MMC Capital launches third financial services fund, Charterhouse Group holds first close at over $300m, Altira closes fourth energy technology fund… 
Trends: May 2003 04/06/2003. European institutions under-allocated to private equity, UK private equity firms regain confidence, China offers best opportunities in Asia, say private equity professionals, UK corporates to increase venturing activity, investors hopeful of upturn in exits… 
Complete monthly roundup: May 2003 04/06/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
Western Europe & Israel: May 2003 04/06/2003. Baring targets $500m for global buy-out fund, Industri Kapital veteran sets up new private equity firm, European privately owned companies continue to lose confidence in the economy…

Complete monthly roundup: April 2003 08/05/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
People: April 2003 07/05/2003. Fraser Sampson leaves Horsley Bridge, Coller Capital hires Frank Morgan and Duke Street Capital recruits staff to new Paris office…

Central and Eastern Europe: April 2003 07/05/2003. Bulgarian government short-lists private equity firms… 
Trends: April 2003 07/05/2003. European VC investment levels stabilising, US VC investment still retrenching, Italy sees record year for buy-outs, UK private equity firms still cautious… 
Asia & Africa: April 2003 07/05/2003. South Africa's private equity industry shows mixed results, CalPERS backs Japanese turnaround fund and India continues to attract private equity firms… 
Funds: April 2003 07/05/2003. Permira launches new E4.5bn mega-fund, Nmas1 closes latest Iberian mid-market fund above target, B&S Group exceeds fundraising target in only seven months, Blackstone forms healthcare group, Graham Partners launches second fund, Sequoia closes eleventh fund… 
North America: April 2003 07/05/2003. Disclosure debate still raging, Q1 venture investment figures worst for five years, US private equity returns suffering, Accel cuts fund again… 
Western Europe & Israel: April 2003 07/05/2003. Credit Suisse scales back private equity operation, Swedish Euroventures and Nordico join forces, Permira targets E4.5bn with new mega-fund, UK pension funds taking private equity more seriously… 
Complete monthly roundup: March 2003 02/04/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
Western Europe: March 2003 01/04/2003. Kennet Capital spins out from Broadview, L&G Ventures shuts German office, Pantheon ‘cautiously optimistic', Private Equity Holding gets reprieve, Myners report encourages UK pension funds to look at private equity… 
North America: March 2003 31/03/2003. CalPERS discloses private equity data, Onex Corp establishes $1.5bn co-investment fund, Railroad pension plan to invest in private equity, Ohio seeks manager… 
Asia & Australasia: March 2003 30/03/2003. India develops biotech park, China expects VC growth and Australian tycoon forms PE fund... 
Funds: March 2003 29/03/2003. Robeco closes two funds of funds, Greenpark Capital closes secondaries fund on target, Part'Com launches new technology fund, Onex Corp to establish $1.5bn co-investment fund, Carlyle Group plans distressed debt fund, Landmark holds first close, Natural Gas Partners closes above target… 
People: March 2003 28/03/2003. Ian Jenks joins Crescendo Ventures, Matrix Private Equity recruits Helen Sinclair and Gresham Trust promotes Andy Tupholme… 
Trends: March 2003 27/03/2003. UK ranks top private equity market in Europe for tax and legal environment, European fundraising slows but investment creeps up, exit conditions bleakest for decades, French private equity investment figures up… 
Complete monthly roundup: February 2003 04/03/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.

People: February 2003 04/03/2003. Martin Currie hires Paul Murray, Atlas Venture promotes four and CapMan expands its buy-out team in Sweden and Denmark…

Funds: February 2003 04/03/2003. ISIS holds second close for third fund with E143m, PolyTechnos raises E130m for final close of second venture fund, AGF launches new E200m fund of funds, Intersouth closes early-stage venture fund, EDS closes down venture operations, Sevin Rosen cuts fund size, Catalyst/Hall launches mid-market buy-out fund… 
Trends: February 2003 04/03/2003. US VCs making new investments again, UK investors to increase private equity allocation, boost to buy-out levels expected… 
Western Europe: February 2003 04/03/2003. Spanish private equity investment levels drop 20 per cent in 2002, Vision Capital acquires majority of Morgan Grenfell portfolio investments, Merrill Lynch closes European private placement business …

Asia & Australasia: February 2003 04/03/2003. Merrill backs new Japan fund, 3i pulls back from Japan and GMO enters into Asian market… 
North America: February 2003 04/03/2003. Redpoint and Sevin Rosen cut fund sizes, LA ups private equity allocation, Canadian investment levels drop, US investment to fall by 50 per cent… 
North America: January 2003 04/02/2003. Yale and Stanford cut private equity allocation, Florida seeks venture capital and distressed debt investments, Mobius and Mohr Davidow reduce fund sizes, Hamilton Lane up for sale… 
Funds: January 2003 04/02/2003. Indigo Capital exceeds target for fourth mezzanine fund, Charterhouse Development Capital raises E2bn in second close, Englefield exceeds target for debut fund, Leonard Green & Partners closes above target, Lindsay Goldberg & Bessemer closes $2bn buy-out fund, Mobius Venture Capital cuts Fund IV, Texas Pacific Group plans buy-out mega-fund… 
Asia and Australasia: January 2003 04/02/2003. JAFCO Ventures spins out to become Globespan, Walden plans to increase investments in India and private equity investment in Asia remains steady despite massive decline in fundraising…

People: January 2003 04/02/2003. Sigefi Private Equity announces four new appointments, Dr Ulrich Schumacher joins the advisory board of Carlyle Europe Venture Partners and TTP Ventures names Gerry Fitzsimons as CEO…

Complete monthly roundup: January 2003 04/02/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
Western Europe & Israel: January 2003 04/02/2003. Israeli venture investment drops almost 50 per cent year on year, the European IPO market remains in the doldrums, 3i director warns of ‘difficult' times ahead for German private equity funds … 
Trends: January 2003 04/02/2003. US, European investment levels plummet in 2002, US university endowment funds shy away from venture capital, Asia private equity investment holds steady… 
People: December 2002 08/01/2003. Hicks, Muse promotes seven, Toby Wyles leaves Apax Partners, CalPERS chairman joins New Mountain and Candover appoints Cyrille Chevrillon…

South America: December 2002 08/01/2003. Barings looks to Latin America with new funds and real estate fund is launched in Mexico…

Trends: December 2002 08/01/2003. Value of buy-outs in Europe plummets, banks lose $10bn in private equity investments, German venture capital hits tough times, European private equity activity to increase in 2003… 
North America: December 2002 08/01/2003. Atlas cuts fund size and axes headcount, Meritech, OVP and Battery waive management fees, CalSTRS and CPP reveal private equity performance… 
Funds: December 2002 08/01/2003. Barclays closes E1.25bn mid-market fund, ex-Alliance investor raising $500m Eastern Europe fund, AXA planning new fund of funds for 2003, Pomona Capital closes secondaries fund, MPM closes largest venture fund so far this year, Rice Sangalis Capital plans $500m fund, Royal Palm Capital Partners targets $400m… 
Continental Europe & Israel: December 2002 08/01/2003. CSFB to sell significant portion of its interests in private equity funds, France's Auriga Partners closes second fund under target, Deutsche Bank warns of dour outlook for German venture industry … 
Complete monthly roundup: December 2002 08/01/2003. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments. 
Asia: December 2002 08/01/2003. VC deals in India down by 20 per cent and CLSA raises second fund for Asia…

UK & Ireland: December 2002 08/01/2003. Irish government sponsors new Irish biotech fund, UK government abolishes 20-partner limit, Royal Bank of Scotland closes technology investment arm … 
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