Exits

The co-investment firm is looking for extra exposure to the UK and European mid-market, which has proved popular with investors and managers alike.

The alternative investment giant’s $930 million purchase of GSO Capital, a leveraged finance-focussed alternative asset manager, assuages what Stephen Schwarzman called one of the firm’s big regrets: having years ago spun off BlackRock.

Shares in Blackstone and Fortress hit new lows today following analyst downgrades, while American Capital announced a $500m programme to repurchase shares trading below net asset value.

The European buyout group has more than doubled its predecessor fund with its latest close, while its 2004 fund has fully paid back investors after three exits.

Central and eastern European buyout firm Enterprise Investors has made a ten times return on its partial exit from financial services company Magellan.

Sentinel's sale of Metro Dentalcare to American Dental Partners has generated a 5x return and triple digit IRR. It is the second exit from the firm's third fund.

In a pre-close results statement published today, FTSE 100-listed 3i said its multi-strategy investment model will make it easier to deal with any fallout from the debt market turmoil.

The UK private equity arm of Barclays Capital has closed its third European fund, having raising the entire capital from existing investors.

SVG, the London-based fund manager, increased its net asset value per share on the back of several realisations by UK buyout firm Permira in whose funds the majority of its capital is committed.

The UK mid-market firm has made the second investment from its second fund – which it has closed on £180 million.