Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Terra Firma, the private equity group run by Guy Hands, is expected to start fundraising within 12 months.
Private equity firms have struggled recently to raise money for funds, and Terra Firma has had a particularly hard time due to the fall-out from its EMI purchase. Investors made heavy losses on the music label after Mr Hands lost control of the business to lender Citi.
The cash in Terra Firma's last fund was drained by last month's £825m purchase of care homes group Four Seasons. Mr Hands has decided to raise money for buyouts on a deal-by-deal basis in the short-term following a similar model being used by Duke Street Capital after it recently failed in a fundraising.
A source close to Terra Firma insisted that "by this time next year there will be money under management from a fundraising". But a market source said it would be at least 18 months.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments