News that Doughty Hanson is to rebrand as DH Private Equity Partners and attempt to raise a new fund is a fresh reminder that it takes a lot to knock out a buyout firm.

At this point two years ago it looked as though the firm might close when it shelved a fundraising. The firm had been trying to raise capital for about two years following the untimely death of co-founder Nigel Doughty in 2012, Mark Corbidge, who had been its co-head of private equity, was among those to have left and it had already put its real estate and technology funds into sell-off mode.