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The 2007 Limited Partner Universe - Sample Pages
The 2007 Limited Partner Universe
- Sample Pages
© 2007 Private Equity Intelligence Ltd
1
The 2007 Limited Partner Universe - Sample Pages
Contents - Directory:
1. Methodology
2. Profiles of Top 250 LPs Sorted by Type:
-
Asset Managers
Banks & Investment Banks
Corporate Investors
Corporate Pension Funds
Endowment Plans
Family Offices / Foundations
Government Agencies
Insurance Companies
Investment Companies
Private Equity Firms
Private Equity Fund of Funds
Public Pension Funds
3. Profiles of 1,250 Other LPs Sorted by Type:
-
Asset Managers
Banks & Investment Banks
Corporate Investors
Corporate Pension Funds
Endowment Plans
Family Offices / Foundations
Government Agencies
Insurance Companies
Investment Companies
Private Equity Firms
Private Equity Fund of Funds Managers
Public Pension Funds
4. Indices:
- LPs by Alphabetical Order
- LPs by Country/State
- LPs by Type
© 2007 Private Equity Intelligence Ltd
2
The 2007 Limited Partner Universe - Sample Pages
Contents - Analysis:
1. Executive Summary
6. In-Depth Analysis of Investors by Region
2. Methodology
North America
- US
- Canada
3. Breakdown of LP Universe by Type and Region
4. Make-Up of Investors in Recently Closed Funds
5. In-Depth Analysis of Investors by Type:
-
Asset Managers
Banks & Investment Banks
Corporate Investors
Corporate Pension Funds
Endowment Plans
Family Offices / Foundations
Government Agencies
Insurance Companies
Private Equity Fund of Fund Managers
Public Pension Funds
© 2007 Private Equity Intelligence Ltd
Europe
- UK
- Switzerland
- France
- Germany
- Scandinavia
- Europe - Other
Rest of World
- Australia
- Asia
Middle East
3
Executive Summary
Fig. A: Increasing Allocations to Private Equity
Over the past three years institutional investor interest
in private equity has risen to previously unparalleled
levels. Buoyed by strong returns and the prospects of
diversification, new investors continue to enter the
asset class, while existing investors are increasing
their allocations, and investors from emerging regions
are entering the private equity arena at an everincreasing pace.
Average Allocation to Private Equity
(As % of Total Assets)
Executive Summary
12.0%
10.0%
9.7%
8.0%
6.0%
7.1%
7.8%
4.0%
2.0%
0.0%
2006
2007
Target Allocation
Evidence for the increase in investor enthusiasm for
private equity funds, and their confidence in the
billion, 44% higher than in 2005. Mega funds such as
Private Equity Intelligence data demonstrates how
market can be seen in the record-breaking levels of
the $15 billion Blackstone Capital Partners V were
increasing allocations to the private equity asset class
fundraising witnessed by the industry over recent
getting increasingly large, as fund managers were
have influenced such bumper fundraising conditions.
years. In 2005 global aggregate fundraising broke
able to take advantage of unparalleled levels of
At this point one year ago, the global average
through the $300 billion mark for the first time in the
enthusiasm from investors. 2007 is continuing the
institutional allocation to private equity stood at 7.1%.
history of the asset class, with the emergence of
trend, with Goldman Sachs raising a record $20 billion
Over a period of just twelve months this has now
mega-funds such as the $8.5 billion GS Capital
for their sixth fund, and fundraising again reaching
increased to 7.8%, an increase of nearly 10%, and the
Partners V being a key factor in the bumper
high levels, passing $260 billion for the first six months
growth does not stop there. The current average
fundraising conditions. Fundraising in 2006 was to
of 2007.
target allocation to private equity for the institutions on
increase even further, and massively exceeded the
our database stands at 9.7%, over 20% higher than
levels of 2005, with aggregate fundraising hitting $457
their current
© 2007 Private Equity Intelligence Ltd
average
allocations, indicating
the
4
Executive Summary
potential for significant further growth (See fig. A).
geographical preferences of the whole universe of LPs
Although perceived as a more risky investment
With aggregate global commitments to private equity
are examined, a total of 52% of investors identify
choice, well selected first-time funds can provide
standing at roughly $1.5 trillion, this suggests that
emerging markets focused funds as being of potential
excellent returns, and there are certain benefits to be
anything up to $300 billion of new capital could be
interest to them.
had with forming an early relationship with first-time
pumped into the industry in the near future – with this
fund managers that go on to become established and
capital being in addition to the further commitments
sought-after managers in the future. The evidence for
necessary to maintain investors’ current allocations to
One aspect of the fundraising market that is often lost
investor support for these vehicles is strong: our data
the asset class – no small task in itself in a climate of
amongst the headline aggregate commitment levels is
shows that exactly 50% of investors questioned would
generous distributions from existing fund investments.
the increasingly challenging market conditions facing
definitely invest with a first-time fund manager, while a
managers hitting the road. Although the value of funds
further 16% would consider such an investment.
achieving a final close has increased dramatically, the
In order to fulfil these targets, investors are becoming
number of funds achieving a final close has risen at a
increasingly
plans.
far slower rate. Although fundraising increased 44%
Clearly in order to be successful in such a congested
Fundraising within emerging markets has seen
between 2005 and 2006, the number of vehicles
market, fund managers must ensure that their
enormous growth over the past few years, with funds
achieving a final close only increased by 8%, as the
fundraising efforts are as focused and streamlined as
raised in Asia and the Rest of World growing from just
majority of the bumper fundraising has been due to
possible.
$13bn in 2004 to $54bn in 2006. Investors are
increasing fund size rather than an increasing number
examines in detail the investor groups by region and
becoming increasingly confident, with more and more
of funds achieving a final close. During the same
type, and enables fund managers and marketers to
of then making their first forays into emerging markets
period the number of funds on the road seeking capital
target specific investors based on their individual
funds,
their
has doubled. As a result, fund managers face a huge
preferences in terms of fund type, regional focus,
allocations. In addition, there has been an increase in
challenge in effectively marketing their funds with so
attitude to first-time funds and investment plans over
domestic investors entering the market within certain
many other managers also vying for attention.
the next twelve months. We hope that you find this
and
global
existing
in
their
investors
investment
increasing
The
2007
Limited
Partner
Universe
regions outside of the more established markets of
year’s publication to be a useful and informative
North America and Europe, with Middle Eastern
fundraising tool, and as ever welcome any feedback
managers in particular witnessing a large rise in
In such a congested market, the challenges facing
domestic investment in their funds. When the
first-time fund managers have never been greater.
© 2007 Private Equity Intelligence Ltd
that you may have.
5
The 2007 Limited Partner Universe - Sample Pages
In-Depth Analysis of Investors by Type:
© 2007 Private Equity Intelligence Ltd
6
Analysis of Investors by Type - Sample Pages
Fig. 17: Asset Managers - Future Private Equity Allocation Plans
Asset Managers
21%
Asset managers are an important source of capital
for private equity funds and will continue to be a
Increasing
4%
significant investor type in the future. They are quite
Decreasing
a diverse group of investors, with large differences in
size and location, from small firms to corporate
75%
No Change
giants with trillions of dollars in assets under
management. More and more are realising that
superior returns can be achieved from private equity
and are now viewing the asset class as a crucial part
of their portfolio. Furthermore, asset managers are
becoming more sophisticated with their private
of limited partner, with only private equity fund of
equity fund investments and are looking further
funds managers and both public and corporate
afield when making these investments.
pension funds committing more to the asset class.
Furthermore, asset managers made up 2% of all
Preqin’s
database
lists
188
asset
managers
worldwide that are actively investing in private equity
funds. They therefore account for 5.3% of all limited
partners. Similarly, the aggregate allocation to
limited partners in private equity funds that reached
a final close in 2006, demonstrating the continued
support and enthusiasm for the asset class from this
group of LPs.
Looking to the Future
Asset managers are overwhelmingly enthusiastic
about the private equity market and the vast majority
are expecting to commit more to the asset class in
the longer term. Fig. 17 shows the long-term plans of
asset managers with regard to their private equity
allocations. A huge 75% of asset managers
private equity from this investor type equates to 6%
anticipate that their allocations to private equity will
of the total global allocation. Measured in this way,
increase, with a further 21% of those surveyed
asset managers rank as the fourth most prolific type
planning to maintain their current allocations. Just
© 2007 Private Equity Intelligence Ltd
7
Analysis of Investors by Type - Sample Pages
4% of asset managers are planning to reduce their
Fig. 18: Make Up of Asset Managers by Geographic Location
allocations to private equity vehicles, demonstrating
the confidence asset managers have in the asset
18%
class.
44%
Asset mangers look set to continue to commit a
North America
large amount of capital to private equity vehicles in
Europe
the near future. Asset mangers have, on average,
17.2% of total assets committed to private equity and
38%
Rest of World
have set, on average, a target allocation of 18.2% to
the asset class. Many asset managers therefore
have unfilled target allocations and will be looking to
commit a significant amount of capital to private
equity funds to reach these targets. Signature
Financial Management, for example, has an unfilled
target allocation; it currently has 10% committed but
has set a target allocation of 15% to the asset class.
Regional Breakdown
the US is the country with the most asset managers
The largest, most significant asset managers are
and is the base for 37% of all asset managers
spread fairly evenly across the globe, with Europe
worldwide. 38% of asset managers are based in
being home to the largest number of key asset
Europe, and 18% are located in Asia and the Rest of
managers by only a small margin. Of the 20 largest
World
and
asset managers measured by total assets under
locations,
management, nine are European, seven are based
accounting for 10% and 6% respectively, of all asset
in North America and four are located in the Rest of
mangers worldwide.
World region. Within Europe, two of the largest asset
region.
Switzerland
Asset
managers
are
quite
widely
spread
geographically and no particular region dominates.
are
Within
the
Europe,
most
the
popular
UK
As illustrated in fig. 18, North America is the most
managers
common location, with 44% of asset managers
Management and UBS Global Asset Management.
are
Swiss-based
UBS
Wealth
based in the US or Canada. As would be expected,
© 2007 Private Equity Intelligence Ltd
8
Analysis of Investors by Type - Sample Pages
League Tables:
Top 20 Asset Managers by Private Equity Allocation:
Canada
Private Equity Allocation
($bn)
12.4
Private Equity Allocation
(% of AUM)
55.8%
OMERS Capital Partners
Canada
5.3
10.0%
SEI Investment
US
5.0
1.6%
Strategic Capital Management (SCM)
Switzerland
4.0
80.0%
Verizon Investment Management Corporation
US
4.5
7.5%
Bregal Investments
UK
3.3
83.0%
Morley Fund Management
UK
3.0
1.0%
UBS Global Asset Management
Switzerland
2.6
0.4%
MLC Group
Australia
1.7
2.5%
Public Investment Corporation
South Africa
1.7
2.0%
British Columbia Investment Management Corporation
Canada
1.6
2.5%
Scottish Widows Investment Partnership
UK
1.6
0.8%
SPF Beheer
Netherlands
1.5
6.8%
Insight Investment
UK
1.4
0.7%
Alberta Investment Management
Canada
1.0
2.0%
Old Mutual Asset Management (South Africa)
South Africa
0.9
1.6%
Advantus Capital Management
US
0.8
5.0%
Munich Ergo Asset Management
Germany
0.7
0.3%
Nordcapital
Germany
0.6
22.5%
UBS Sauerborn
Germany
0.5
3.3%
Investor
Country
CDP Capital - Private Equity Group
© 2007 Private Equity Intelligence Ltd
9
The 2007 Limited Partner Universe - Sample Pages
In-Depth Analysis of Investors by Region:
© 2007 Private Equity Intelligence Ltd
10
Analysis of Investors by Region - Sample Pages
Fig. 95: Canadian LPs - Future Private Equity Allocation Plans
Canada
Canadian
private
equity
somewhat
overshadowed
investors
are
by
larger
their
often
21%
US
Increasing
neighbours but they play a significant role in the
global private equity market. Canadian LPs are
14%
Decreasing
65%
increasingly positive about private equity with more
investors and capital entering the asset class. In
No Change
some cases, LPs have doubled or even tripled their
allocation to private equity funds. CPP Investment
Board, the largest of all Canadian LPs has doubled
its private equity allocation from C$10 bn in
December 2005 to C$20bn to date. Ontario
Teachers’ Pension Plan (OTPP) and OMERS Capital
the
Intelligence database have an average allocation of
The average allocation of Canadian LPs to private
favourable market conditions and have more than
$1.98bn to private equity funds, higher than the
equity is currently 9.5% of total assets, significantly
doubled, and in OMERS’s case tripled, their
average allocation of LPs in any other country in the
larger than the global average allocation of 7.8%.
allocations from C$7.3bn to C$15bn and C$2bn to
world, illustrating their enthusiasm for the asset class.
Canadian LPs have proved to be a significant group
Partners
have
also
taken
advantage
of
of investors in private equity funds with both their
C$6.1bn respectively.
Preqin’s Investor Intelligence database identifies 104
active
LPs
in
Canada.
These
LPs
represent
approximately 2.9% of all global investors, and in
terms of capital Canada accounts for 5.4% of total
global allocations. Canadian investors on the Investor
© 2007 Private Equity Intelligence Ltd
Over 50% of Canadian LPs are based in two major
average current and target allocations larger than
cities. Of the 104 active investors in Canada, 53 are
the global average. If all Canadian LPs were to
based in Toronto and Montreal alone. Both of these
reach their target allocations to the asset class, the
cities are within the top 20 cities worldwide with the
average allocation to private equity funds would be
highest number of private equity investors in the
10.6%, one of the highest in the world. In the longer
world, ranked
12th
and
18th
respectively.
term, Canadian LPs regard the future of the private
11
Analysis of Investors by Region - Sample Pages
equity market positively and are set to continue
Fig. 96: Make Up of Canadian LPs by Number of LPs and Private Equity Allocation
investing in the asset class. As shown in fig. 95,
roughly 65% of Canadian LPs are looking to
increase their allocation in the longer term and a
6%
further 21% hope to maintain their current allocation,
overall illustrating strong and continued support for
the private equity asset class.
b. Make Up by PE Allocation:
a. Make Up by No. of LPs:
5% 4%
6%
19%
5% 4%
6%
7%
14%
26%
59%
8%
13%
8%
10%
The Canadian LP universe is dominated by pension
plans with corporate pension funds accounting for
roughly 19% of all Canadian investors, whilst public
pension funds represent a further 14%, as shown in
fig 96a. Public pension funds are not only numerous
Corporate Pension Funds
Asset Managers
Corporate Investors
Fund of Fund Managers
Private Equity Firms
Others
Public Pension Funds
Family Offices / Foundations
Endowment Plans
Investment Banks
Insurance Companies
Public Pension Funds
Asset Managers
Fund of Fund Managers
Private Equity Firms
Others
but also, as illustrated in fig. 96b, account for 59% of
Canadian aggregate allocations to private equity.
Asset managers are also a weighty group of
With private equity activity in emerging markets
investors, however, are convinced by the prospect of
investors; in sheer number terms they represent 13.5
increasing, and competition in the traditional markets
investing in emerging markets. The Hospitals of
% of all Canadian LPs and contribute 26.4% of
becoming increasingly fierce, many investors are
Ontario Pension Plan (HOPP) will continue to focus
aggregate allocations. When looking at the top 10
finding themselves becoming more open to investing
on the US, Canadian and European markets, where
Canadian private equity investors, 9 out of the 10 are
in less developed markets. Canadian LPs show
it believes excellent investment opportunities can be
public pension funds or asset managers. The two
significant enthusiasm for emerging markets with
found despite increased competition from other LPs.
largest Canadian investors are both public pension
46.2% of those sampled expressing an interest. In
funds, CPP Investment Board and Ontario Teachers’
February 2007, OMERS Capital Partners allocated
Pension Plan, with a combined total of C$35bn
C$200mn for investment in Asia but has set a longer
committed to the asset class.
term vision of having between 4% and 8% of its
assets committed to the region. Not all Canadian
© 2007 Private Equity Intelligence Ltd
12
The 2007 Limited Partner Universe - Sample Pages
League Tables:
Top 5 Canadian Cities by Number of Active LPs:
Top 10 Canadian Investors by Private Equity Allocation:
Investor
Private Equity
Allocation ($bn)
14.2
Private Equity
Allocation (% of AUM)
14.3%
12.8
55.8%
7.7
7.0%
Asset Manager
5.8
10.0%
Public Pension Fund
2.5
10.0%
Private Equity Firm
2.4
Fund of Funds Manager
2.0
100.0%
Asset Manager
2.0
2.5%
Public Pension Fund
1.2
5.0%
Public Pension Fund
1.2
4.6%
Type
Ontario Teachers' Pension Plan Public Pension Fund
CDP Capital - Private Equity
Asset Manager
Group
CPP Investment Board
Public Pension Fund
OMERS Capital Partners
Public Sector Pension
Investment Board
Société Générale de
Financement du Quebec
TD Capital Private Equity
Investors
British Columbia Investment
Management Corporation
British Columbia MoF
Hospitals of Ontario Pension
Plan
© 2007 Private Equity Intelligence Ltd
City
Torono
Montreal
Vancouver
Edmonton
Ottowa
Number of Active
Investors
29
24
9
7
7
13
The 2007 Limited Partner Universe - Sample Pages
Profiles of Top 250 LPs Sorted by Type:
© 2007 Private Equity Intelligence Ltd
14
250 - Public Pension Funds - Sample Pages
New Hampshire Retirement System
54 Regional Drive, Concord, NH 03301, US
Tel: +1 603 410 3500
www.state.nh.us/retirement
Fax: +1 603 410 3501
info@nhrs.org
The New Hampshire Retirement System (NHRS) manages a pool of assets for both the
Pension Plan and the Post Retirement Medical Plan. The Defined Benefit Pension Plan
offers eligible retirees a secure lifetime pension. To date, there are 51,000 active members
in the System with around 18,000 retirees currently collecting monthly pension benefits.
The New Hampshire Retirement System invests in domestic equity, international equity,
domestic fixed income, global fixed income, commercial real estate and alternative
investments including private equity.
As of May 2007, New Hampshire Retirement System is evaluating its private equity
program. The retirement system currently has around 5% of its total assets invested in
alternatives but does not have defined plans or set target allocation for private equity. The
analysis is a general overview for its whole alternative investments and will determine what
direction it will go in. The retirement system will continue investing opportunistically,
considering any investment opportunities that may arise, whilst the analysis is undergoing.
A decision is expected to be made in the second half of 2007.
Total Funds Under Management
USD (mn)
5,600
Allocation to Alternatives
280
Buyout
•
•
N. America
Europe
•
•
Mezzanine
Secondaries
Real Estate
Asia
Global
Emerging
2005
Buyout
US
1,300
USD
Fremont Strategic Property
Partners II
2004
Real Estate
US
500 USD
MatlinPatterson Global
Opportunities II
2003
Dis. Debt
US
1,665
USD
30.0
Prism Venture Partners II-A
2002
Venture
US
14 USD
2.2
EuclidSR Biotechnology
Partners
2001
Early Stage
US
50 USD
15.0
MatlinPatterson Global
Opportunities
2001
Dis. Debt
US
2,200
USD
30.0
Prism Venture Partners IV
2001
Venture
US
429 USD
30.0
Zero Stage Capital VII
2001
Early Stage
US
300 USD
11.8
Brand Equity Ventures II
2000
Venture
US
113 USD
16.5
Castle Harlan Australian
Mezzanine I USA
2000
Buyout
US
149 USD
17.5
Crescendo IV
2000
Venture
US
640 USD
20.0
Euclid eCorporate Partners
2000
Early Stage
US
10 USD
15.0
20.0
F of F's
Other
First-Time Funds
Yes
Next 12 months
Typically Invest (mn)
No. of new fund investments
Est. Amount (mn)
USD 1-20
4-5
100-140
Excelsior VI
2000
Venture
UK
Lightspeed Venture Partners VI
2000
Early Stage
US
704 USD
25.0
Prism Venture Partners III
2000
Venture
US
338 USD
25.0
Sterling Venture Partners
2000
Venture
US
150 USD
20.0
Contact Name
Position
Email
Tel
Jeff Gendron
Investment Analyst
jeff.gendron@nhrs.org
+1 603 271 3351 x276
Richard Joyal
Finance Manager
richard.joyal@nhrs.org
+1 603 271 3351 x225
New Jersey State Investment Council
Division of Investment, PO Box 290, Trenton, NJ 08625-0290, US
Advisor:
Evaluation Associates
Sample Fund Investments
www.state.nj.us/treasury
Tel: +1 609 633 6565
Size (mn)
Committed
(mn)
Vintage
Type
Location
Lone Star Fund V
2005
Real Estate
US
5,000
USD
Prism Venture Partners V
2005
Venture
US
250 USD
25.0
Technology Venture Partners
2005
Early Stage
US
100 USD
10.0
© 2007 Private Equity Intelligence Ltd
20.0
1,100
USD
5.0 %
Preferences
Venture
VSS Communication
Partners IV
The New Jersey State Treasury - Division of Investment is among the 50 largest public or
private money managers in the United States. The pension funds represent the retirement
plans for over 600,000 active and retired employees.
15
250 - Public Pension Funds - Sample Pages
The New Jersey State Investment Council is optimistic about the private equity asset class
and In September 2006, the New Jersey State Investment Council almost doubled its
allocation to private equity from USD 2.2 billion to USD 4.1 billion. This move follows an
adjustment to its investment strategy and is accompanied by increased allocations to both
hedge funds and real estate.
In order to reduce risk, the council’s investments will be carried out in a range of
geographic locations and industries. New Jersey State Investment Council has a
preference for US based funds but has made commitments outside this region and will
continue to look for new fund investment opportunities on a global basis.
New Jersey State Investment Council makes direct commitments to large buyout funds,
distressed debt funds, mezzanine funds and real estate funds. It will rely on fund of funds
to gain exposure to venture capital and funds managed by new fund managers. The
investment council has set allocation to each fund type. In 2006 it had set a target of USD
100 million to both mezzanine and distressed debt funds but had invested above this
original target at the expense of its venture capital and co-investment funds, which had
received commitments of USD 30 million of the USD 50 million respectively.
The New Jersey State Investment Council has made a number of investments to
secondary funds, with commitments to secondaries totalling USD 150 million for 2006. This
was a huge increase from 2005, where it committed USD 30 million to secondaries. It will
continue to invest in secondaries on an opportunistic basis and evaluate prospects as they
arise.
As of June 2007, New Jersey State Investment Council is likely to make around 15-20 new
fund commitments over the next 12 months, investing a total of USD 1.5 to 2 billion.
Total Funds Under Management
USD (mn)
93,615
Allocation to Alternatives
17,786
19.0 %
Current Private Equity Commitments
2,266
2.4 %
Target Private Equity Allocation
4,155
4.4 %
Preferences
Venture
Buyout
•
•
N. America
Europe
•
•
Mezzanine
Secondaries
Real Estate
F of F's
Other
•
•
•
Asia
Global
Emerging
First-Time Funds
•
•
•
No
Next 12 months
Typically Invest (mn)
No. of new fund investments
Est. Amount (mn)
USD 75-125
15-20
1500-2000
Advisor:
Strategic Investment Solutions
© 2007 Private Equity Intelligence Ltd
Size (mn)
Committed
(mn)
Sample Fund Investments
Vintage
Type
Location
Avenue Special Situations V
2007
Dis. Debt
US
Blackstone Real Estate
Partners VI
2007
Real Estate
US
Capri Urban Investors
2007
Real Estate
US
CB Richard Ellis Strategic
Europe Fund III
2007
Real Estate
US
CIM Urban Real Estate Fund III
2007
Real Estate
US
KPS Special Situations Fund
III
2007
Special Sit.
US
1,200
USD
Lehman Crossroads Series
XVIII
2007
Fund of Funds
US
750 USD*
50.0
MacFarlane Urban Real
Estate II
2007
Real Estate
US
1,200
USD*
75.0
MatlinPatterson Global
Opportunities III
2007
Dis. Debt
US
New Mountain Partners III
2007
Buyout
US
Silver Lake Partners III
2007
Buyout
US
8,000
USD*
100.0
TPG Star
2007
Buyout
US
1,000
USD*
100.0
Vista Equity Fund III
2007
Buyout
US
Audax Mezzanine Fund II
2006
Mezzanine
US
700 USD
50.0
50.0
10,000
USD*
100.0
65.0
Avenue Asia Special
Situations Fund IV
2006
Dis. Debt
US
3,000
USD
Avenue Special Situations IV
2006
Dis. Debt
US
1,648
USD
20.0
BDCM Opportunity Fund II
2006
Dis. Debt
US
1,000
USD
40.0
Blackstone Capital Partners V
2006
Buyout
US
15,600
USD
100.0
Blackstone Real Estate
Partners V
2006
Real Estate
US
5,250
USD
75.0
Capmark Commercial Realty
Partners II
2006
Real Estate
US
655 USD
75.0
Carlyle Realty Partners V
2006
Real Estate
US
1,500
USD*
100.0
Centerbridge Capital I
2006
Dis. Debt
US
3,200
USD
80.0
16
The 2007 Limited Partner Universe - Sample Pages
Profiles of 1,250 Other LPs Sorted by Type:
© 2007 Private Equity Intelligence Ltd
17
1,250 - Corporate Investors - Sample Pages
Shire
Fund Types:
Hampshire International Business Park, Chineham, Basingstoke, Hampshire RG24 8EP, UK
Tel: +44 (0)1256 894 160
Investment Preferences:
Total Assets:
GBP 2,252 mn
PE Allocation:
GBP 60 mn
Fund Types:
Investment Preferences:
Target PE Allocation: n/a
Venture
Buyout
Mezzanine
Real Estate
F of F’s
Europe
•
•
Asia
Emerging
Buyout
•
•
N. America
Europe
First-Time Funds
Position
Email
CFO
enrico.parazzini@telecomitalia.it +39 063 688 2188
Pasquale Pistorio
President
pasquale.pistorio@telecomitalia.it +39 063 688 2188
Email
Tel
Cléa Rosenfeld
VP - Finance & Admin
investorrelations@shire.com
+44 (0)1256 894 160
One Time Warner Center, New York, NY 10019, US
+44 (0)1256 894 127
Tel: +1 212 484 8000
Wittelsbacherplatz 2,, Munich D-80312, Germany
www.siemensventurecapital.com
Tel: +49 (0)89 636 36585
businessplan.svc@siemens.com
Fax: +49 (0)89 636 34884
PE Allocation:
n/a
Fund Types:
Investment Preferences:
USD 121,783 mn
PE Allocation:
USD 396 mn
Fund Types:
Target PE Allocation: n/a
Buyout
Mezzanine
Real Estate
F of F’s
Other
•
•
N. America
Europe
Asia
Emerging
First-Time Funds
•
•
•
•
•
Considering
Sample Investments:
Vertex Israel III(2007), Carmel Venture Fund II(2005), Euro-China Investment
Fund(2005), INC Fund VI(2005), Mission Ventures III(2005), NGEN Partners II(2005),
MedVenture Associates V(2004), Paladin Homeland Security Fund(2004), Galen
Partners IV(2003), SVE X(2003), Carmel Software Fund(2000), Millenium Materials
Technologies Fund II(2000)
Contact Name
Position
Doris Blasel
Email
www.timewarner.com
Fax: +1 212 489 6183
Total Assets:
Investment Preferences:
Venture
Tel
Time Warner
Siemens Venture Capital
EUR 700 mn
Venture
Target PE Allocation: n/a
Buyout
Mezzanine
N. America
Europe
•
•
Asia
Contact Name
Position
Email
Jeffrey L. Bewkes
President and COO
jeffery.bewkes@timewarner.com +1 212 484 8198
Leonard Lovallo
Director of Corporate
Funds
leonard.lovallo@timewarner.com +1 212 484 8000
Wayne Pace
CFO
wayne.pace@timewarner.com
Tel
Primary Investment
Analyst
kai.brockmann@siemens.com
+49 (0)89 636 31608
Sabine Zindera
Vice President
sabine.zindera@siemens.com
+49 (0)89 636 34488
Total Assets:
JPY 13,101,100 mn
PE Allocation:
n/a
Fund Types:
Investment Preferences:
www.telecomitalia.it
EUR 80,500 mn
n/a
© 2007 Private Equity Intelligence Ltd
Target PE Allocation: n/a
+1 212 484 8430
Tokyo Electric Power Company
Kai Brockmann
PE Allocation:
First-Time Funds
Sample Investments:
Tel: +81 (0)3 4216 1111
Total Assets:
Emerging
No
1-3, Uchisaiwai-cho 1-chome, Chiyoda-ku, Tokyo 100-8560, Japan
Fax: +39 063 688 2965
Other
Carmel Software Fund(2000), Israel Seed Partners IV(2000), Jerusalem Global Ventures
Fund(2000)
+49 (0)89 636 34135
Tel: +39 063 688 2188
F of F’s
•
Managing Partner Fund of
doris.blasel@siemens.com
Funds
Telecom Italia
Real Estate
•
Tel
Corso d'Italia 41, Rome 00198, Italy
First-Time Funds
Enrico Parazzini
Position
Total Assets:
Emerging
Other
Contact Name
GeneChem Therapeutics Venture Fund (2000)
investorrelations@shire.com
Asia
F of F’s
Clessidra Capital Partners(2005), The Golden Mouse Partnership(2002), Jerusalem
Global Ventures Fund(2000)
Contact Name
CFO
Real Estate
•
Sample Investments:
Angus Russell
Mezzanine
Sample Investments:
Other
•
N. America
Venture
www.shire.com
www.tepco.co.jp
Target PE Allocation: n/a
Venture
Buyout
Mezzanine
Real Estate
Europe
Asia
Emerging
F of F’s
Other
•
N. America
First-Time Funds
•
Sample Investments:
Advent Digital Media & Communications III(2001), FondElec Latin America Clean Energy
Services Fund(2001)
Contact Name
Position
Y Katsumata
President
Email
Tel
+81 (0)3 4216 1111
18
1,250 - Corporate Investors - Sample Pages
United Microelectronics Corp.
No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, Taiwan
Tel: +886 (0)3 578 2258
Fax: +886 (0)3 578 2258
Total Assets:
TWD 347,000 mn
PE Allocation:
n/a
Fund Types:
Investment Preferences:
www.umc.com
foundry@umc.com
Sample Investments:
Gresham Private Equity Fund 2(2004)
Contact Name
Position
Richard Goyder
MD
+61 (0)8 9327 4211
Gene Tilbrook
Finance Director
+61 (0)8 9327 4301
Tel
Target PE Allocation: n/a
Venture
Buyout
Mezzanine
Real Estate
F of F’s
Other
•
•
N. America
Europe
Asia
•
Emerging
First-Time Funds
Yuen Foong Yu Paper MFG. Co.
15F, No. 51, Sec. 2, Chung Ching S. Road, Taipei, Taiwan
Tel: +886 (0)2 2396 1166
•
TWD 16,100 mn
PE Allocation:
TWD 1,000 mn
Pacific Technology Partners(2000)
Contact Name
Position
Email
Tel
Chairman/CEO
jackson_hu@umc.com
+886 (0)3 578 2258
ext 33579
Fund Types:
Jackson Hu
+886 (0)3 578 2258
Investment Preferences:
Senior VP
hung_stan@umc.com
Walton Investment Partners
4150 Alxandria Park Ste 1, Walton, KY 41094, US
No Website Available
www.yfy.com
Fax: +886 (0)2 2351 7021
Total Assets:
Sample Investments:
Stan Hung
Email
Target PE Allocation: TWD 5,000 mn
Venture
Buyout
•
•
N. America
Europe
•
•
Mezzanine
Real Estate
Asia
Emerging
•
•
F of F’s
Other
•
First-Time Funds
Considering
Contact Name
Position
Email
Tel
Melody Chiu
Chairman
melodychiu@yfy.com
+886 (0)2 2396 1166
Tim Huang
Manager
timhuang@yfy.com
+886 (0)2 2396 1166
Tel: +1 859 547 5409
Total Assets:
n/a
PE Allocation:
n/a
Fund Types:
Investment Preferences:
Yulon Group
Target PE Allocation: n/a
Venture
Buyout
•
•
N. America
Europe
•
•
Mezzanine
Real Estate
Asia
Emerging
F of F’s
Other
First-Time Funds
16F, No.2, Sec.2, Tun Hua South Rd., Taipei, Taiwan
Tel: +886 (0)2 2325 5909
Total Assets:
TWD 4,627 mn
PE Allocation:
n/a
Sample Investments:
Blackstone Capital Partners IV(2003), Thomas H Lee V(2001), Madison Dearborn
Capital Partners IV(2000), TA IX(2000), Welsh Carson Anderson & Stowe IX(2000)
Fund Types:
Contact Name
Position
Investment Preferences:
Melissa Hermes
Email
Tel
Partner
Level 11, Wesfarmers House, 40 The Esplanade, Perth, WA 6000, Australia
Fax: +61 (0)8 9327 4216
Total Assets:
AUD 8,332 mn
PE Allocation:
AUD 250 mn
Fund Types:
Investment Preferences:
www.wesfarmers.com.au
Venture
visitor@yulongroup.com.tw
Target PE Allocation: n/a
Venture
Buyout
Mezzanine
Real Estate
Europe
Asia
Emerging
F of F’s
Other
•
N. America
First-Time Funds
•
+1 859 547 5409
Wesfarmers
Tel: +61 (0)8 9327 4211
www.yulongroup.com.tw
Fax: +886 (0)2 2700 3078
Sample Investments:
Shin Sheng Venture Capital Investment Corp.(2002), FuYu Venture Capital Investment
Corp.(2000)
Contact Name
Position
Allen Hsu
Partner DMD, Investments allenhsu@yulongroup.com.tw
Kenneth K.T. Yen
CEO
Email
Tel
+886 (0)2 2325 5909
kennethyen@yulongroup.com.tw +886 (0)2 2325 5909
Target PE Allocation: n/a
Buyout
Mezzanine
Real Estate
Asia
Emerging
•
•
F of F’s
Other
•
N. America
© 2007 Private Equity Intelligence Ltd
Europe
First-Time Funds
19
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