Victor Bivell, the prominent journalist and publisher of private equity information, has sold his business, Private Equity Media, to a listed printing and specialist publications company, General Publishers.
Bivell, who started his flagship Venture Capital Journal in 1992, plans to concentrate on developing a magazine called ‘Eco Investor’ and embarking on some other projects. Bivell will work for General Publishers, a Sydney-based company controlled by the Aboud family, for 12 months. His assistant editor, Adrian Herbert, and advertising manager, Philip Thomson, and other staff will transfer with the titles. In a letter to subscribers yesterday, Bivell said that General Publishers, which has annual revenue of about $10 million, plans to use Private Equity Media as a beachhead to expand into financial services publishing. “With its publishing experience and access to capital I am sure it will be able to implement its plans to further develop the business,” he said.
The $34 billion Brighter Super is set to shift around $10 billion of assets from passive to active management. Chief investment officer Mark Rider says the move is possible because of scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.
Darcy SongJanuary 21, 2025
