Dominique Sénéquier / CEO of AXA Private Equity

Last updated on profile page : October 27th, 2011

BIO

At GAN from 1987 to 1995, she created and developed the subsidiary GAN Participations. Prior to that, she was Group Acquisitions Manager at GAN and spent five years with the French Insurance Commission.

In 1996, Dominique Senequier joined AXA Group and founded AXA Private Equity, which has now become the leading private equity firm in Europe with $25bn of assets under management.

In 2010, Dominique Senequier was named European Private Equity Most Influential Woman by Dow Jones (Awards for Excellence in Private Equity) and 50th most powerful woman by the magazine Forbes in 2009.

Dominique Senequier graduated from Ecole Polytechnique (X72), one of ParisTech elite graduate schools, and holds a PhD in Banking and Monetary Economics from the Sorbonne University. She is Member of the International Actuarial Association.

About AXA Private Equity: With 230 employees and eight offices in Paris, Frankfurt, London, New York, Singapore, Milan, Zurich and Vienna, AXA Private Equity offers its partners - companies management and investors - access to a broad and solid
network across Europe, North America and Asia. A diversified set of funds including direct funds, funds of funds, infrastructure and mezzanine means that AXA Private Equity has the expertise and mindset to provide more than just financing.

By Dominique Sénéquier on Paris Innovation Review

Dans un environnement bouleversé par la crise, les firmes du capital-investissement sont confrontées aux tensions sur les marchés de capitaux, au déplacement du centre de gravité de l’économie mondiale vers les grands émergents, mais aussi aux débats politiques sur les méfaits de la finance. Quelles sont leurs lignes de conduite, comment voient-elles les évolutions en cours? Le point avec la présidente d'un des grands acteurs du secteur.
The CEO of Paris-based AXA Private Equity is on the Forbes list of the world's 100 most powerful women. Recently, Senequier has turned her attention to the U.S. market, acquiring investment portfolios from Bank of America and Citigroup. In this interview, she discusses the European debt crisis and notes that although the private equity market will perform strongly in the long term, exits may get delayed in the new environment.
Till 2007, a large part of the global growth was fueled by leveraging and debt creation. With governments and central banks struggling to save the banks, the private debt crisis has evolved into a public debt crisis. The next ten years could be brutal. Will governments and financial institutions be able to manage the great deleveraging?

Le grand désendettement

Business on October 27th, 2011

La crise de la dette privée s'est transformée en crise de la dette publique. Pendant des années, une partie de la croissance mondiale avait été entretenue par le faible coût du crédit et un usage excessif de l'effet de levier. Le grand "deleveraging" a commencé. Pris à la gorge par leurs propres dettes, les Etats seront-ils capables de contrôler le désendettement des banques?
La crise financière mondiale a -et continuera d'avoir- un impact majeur sur le Private Equity. Pour les nouveaux arrivants, l'accès à la dette bancaire pour financer les investissements est de plus en plus difficile et une nouvelle réglementation est en train de se mettre en place. Ainsi, le secteur ne peut plus opérer comme par le passé. Il doit revenir aux fondamentaux, en se consacrant à trois domaines clés : des partenariats plus étroits avec les entreprises dans lesquelles il investit, le renforcement de l'excellence opérationnelle, et l'amélioration de la transparence et du reporting.
The global financial crisis is having -and will continue to have- a huge impact on private equity. For starters, bank debt to finance investments has all but evaporated and new regulation is coming into force. As such, the industry simply can't continue with business as usual. It must return to basics, with a focus on three key areas: closer partnerships with portfolio companies, stronger operational excellence, and increased transparency and reporting.

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