Returns offered by the private equity asset class are often a hot topic for discussion in the investment industry. With yields varying between fund types, sectors and managers, Jessica Duong (pictured) investigates the differences in performance of sector-specific buyout funds in this extract from Preqin Private Equity Spotlight – June 2015. One of the main attractions of private equity for investors is the potential for outperformance over public equities over the longer term and the prospect of high yields. Offering insight into the sentiment of the LP community, Preqin’s latest global study of LPs revealed that 37 per cent of

Shoreline Capital, a private fund manager in Chinese distressed debt and special situation investments, has closed its third fund at USUSD500 million. The fund, Shoreline China Value III, was over-subscribed.  Meanwhile, Shoreline held the first close for Fund III’s overflow fund at USD115 million. Based on current indications of interest, Shoreline expects the overflow fund to also be oversubscribed within the month.  Since the firm’s inception in 2004, Shoreline has focused on illiquid credit-related opportunities arising from the inefficiencies in China’’s financial system. Such opportunities include (i) non-performing loan (“NPL”) portfolios; (ii) distressed special situations; and (iii) non-distressed special situation investments.

The amount of capital awarded by investors to separate account structures reached an all-time high in 2014. In an extract from Preqin Real Estate Spotlight – June 2015, Oliver Senchal examines the growing prominence of this type of alternative structure in the broader fundraising market, including investor appetite and fund manager plans. Growing prominence Preqin’s Real Estate Online contains detailed information on over 300 real estate separate account structures. As Fig 1 displays, the aggregate value of separate accounts awarded in a single year between 2006 and 2012 never exceeded the USD7.7 billion awarded in 2011. While 2013 represented

Net assets in Irish domiciled funds increased by EUR317 billion during 2014, according to Pat Lardner, Chief Executive of Irish Funds.  Speaking at Irish Funds’ Annual Global Conference in Dublin, Lardner, told representatives of the global funds industry that Ireland’s assets of domiciled funds rose by almost 25 per cent during 2014.  Lardner also confirmed that in the first three months of 2015, assets have further grown by EUR234 billion, representing a rise of 14 per cent. Net assets domiciled in Ireland now stand at nearly EUR2 trillion. This year’s Conference was opened by recently appointed Chairman of the Association,