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Eamon Murphy

LACERS, Los Angeles, private equity, pension fund, real estate
Assets under management: $12.3 bln as of June 30, 2018 Target allocation to PE/VC: 5 pct Actual Allocation: 4 pct Why this is important: Small pension wants to be active PE investor Los Angeles Department of Water & Power Retirement Plan intends to commit $400 million to private equity in 2019 and to increase its […]
TA Associates, Brian Conway, private equity, mergers, M&A, technology, software
Drives earnings growth through complementary acquisitions Increased focus on recurring/repeating revenue models Using more leverage to keep equity values down Brian Conway is chairman of TA Associates’ executive committee and a managing partner in the Boston office. He joined TA in 1984 and has co-led the firm’s technology group. TA is known for technology investing. […]
private equity
PRIVATE EQUITY FIRMS Abraaj Holdings: Chairman Sean Cleary resigned as the PE group is undergoing a court-supervised restructuring, Bloomberg reported. Altamont Capital Partners named Jennifer Mello general counsel and chief compliance officer. Mello previously was a managing director on TPG‘s legal team in San Francisco. Blackstone hired Erich Schram and Kevin Relihan for its new insurance solutions business. Schram will serve as senior managing director, head of credit origination […]
Beegle leaves Goode Patners
Blackstone’s $2.5 bln exit of La Quinta hotels leads in value U.S.-based PE-backed M&A: 132 Q2 deals, $24.5 bln Consumer lead by count, 15.9 percent of all exits Private equity M&A exit activity took a dive, both in value and deal count, from 2018’s opening quarter. A lot of uncertainty remains in the market as […]
private equity, merger, M&A, fundraising
Over the past two weeks, U.S.-based buyout and mezzanine funds added $1.7 billion in commitments, bringing 2018’s sum to $85.2 billion. This year’s fundraising trails 2017’s torrid pace at this time by $25.5 billion, or 23 percent. PPM America Capital Partners, focused on North American middle-market buyout and growth opportunities, closed its seventh private equity co-investment […]
Tony James, Blackstone Group, PartnerConnect Midwest, Family Offce, Jefferson Capital, real estate, Bill Helm
Blackstone CEO “shuttling” between U.S., Chinese leaders to ease tensions James didn’t back Trump but credits him with positive economic policies Early start, gradual execution keys to successful leadership transition Tony James, executive vice chairman of Blackstone Group, said Co-Founder and CEO Stephen Schwarzman is working to ease worsening tensions between the U.S. and Chinese […]
private equity
PRIVATE EQUITY FIRMS Actis named Ellen Li managing director and head of Asia of the investor development group. Li previously was director of institutional sales at Franklin Templeton Investment in Asia. Artemid: Cédric Lalain joined as a partner. Lalain was previously head of fixed income at Assurances Crédit Mutuel. Artremid is a subsidiary of Capzanine and Amiral Gestion. Atlas Holdings, the Greenwich, Connecticut, private investment firm, promoted nine staffers. Among […]
private equity, merger, M&A, fundraising
Over the past two weeks, U.S.-based buyout and mezzanine funds added $4.9 billion in commitments, bringing 2018’s sum to $83.5 billion. This year’s fundraising trails 2017’s tally at this time by $25.6 billion, or 23.4 percent. Blackstone Group led the charge by closing its first Asian buyout fund. Blackstone Capital Partners Asia finished with $2.3 billion in […]
New Mexico State Investment Council, private equity, pension fund, David Lee,
Why is this important: As the strategy of buying stakes in GPs has been ramping up, nearly two-thirds of LPs say they are unlikely to consider funds that are buying them. Most LPs have not invested in funds targeting GP stakes and are unlikely to do so. That was the response of 64 percent of institutional investors polled by Coller […]
private equity, Coller Capital
Nearly two-thirds of LPs unlikely to consider funds buying GP stakes Four in five say GP-led secondaries here to stay Funds of funds still attractive for specialist exposure Most LPs have not invested in funds targeting GP stakes and are unlikely to do so. That was the response of 64 percent of institutional investors polled by Coller Capital for […]
buyouts
buyouts

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