Jun 2, 2016 19:47
8 yrs ago
English term

shadow capital

English to Spanish Bus/Financial Finance (general) shadow capital
Two thirds of LPs believe that the rapid growth of private equity ‘shadow capital’ – LPs’ direct investments, co-investments and separate accounts – will reduce the returns of commingled private equity funds, according to Coller Capital’s latest Global Private Equity Barometer.
The Barometer also explains the popularity of co-investments, a form of shadow capital embraced by around half of private equity investors: almost two thirds of LPs report that their co-investments have generated higher returns than their overall private equity portfolios in recent years.

Muchas gracias!!

Acá encontré un link que da la explicación en inglés:

The money invested in alternative routes to traditional private equity vehicles, known as shadow capital, is set to make up more than a quarter of funds raised for buyout investments in 2015, according to Triago, an adviser to private equity firms.

https://next.ft.com/content/4f964494-bb8a-11e5-b151-8e15c9a0...
Proposed translations (Spanish)
4 +3 capital en la sombra

Proposed translations

+3
3 hrs
Selected

capital en la sombra

In Private equity firms usually only GPs (general partners) used to invest the money under their management, but as you are reading, there is rise in the number of LPs (limited partners) that are investing directly themselves or co-investing alongside GP or investing in ways that are different from the traditional ones. The capital, which is invested by the LPs is called shadow capital, I assume, to differentiate it from the capital, which is handled only by the GPs, or “main capital”.
The rise of “shadow capital” could act as a disintermediating factor, reducing the role of GPs, maybe for that reason, it is called “shadow”.
Peer comment(s):

agree Paula Sabirón : Así lo llamaría yo también. Saludos
9 hrs
agree Patricia García González
10 hrs
agree Alba Sort (X)
2 days 9 hrs
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
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