UK - Barclays Private Equity has won the Fund of the Year Award at the Real Deals/BVCA Private Equity Awards 2003.
The Fund of the Year category is awarded to recognise “skill, professionalism and innovation in the fund-raising process”.
Barclays’ Private Equity European Fund raised E1.25bn (£860m) by its final close in December 2002, exceeding its original target by 20%.
It received financial commitments of E600m (£413m) from 24 blue-chip investors across a spread of countries in Europe and the USA. Investors include Schroder (Private Equity Fund of Funds), Citigroup Private Equity and a number of funds managed by Morley, Standard Life Investments Private Equity and Allianz Private Equity Partners, among others.
A spokeswoman for the event said: “The judges were looking for novelty and depth in sources of funding, the structure of the fund, the quality of its marketing, and outperformance.”
Also shortlisted were venture capital houses Bridges Community Ventures and MVM.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers