Joseph Weitemeyer

Small to mid-market buyout funds continue to present the best opportunities, according to 44 percent of investors interviewed by Preqin in June 2018. Though the deal market is competitive, respondents say there are more opportunities to buy businesses at good prices in the lower-middle market. Chart Of The Week October 8

U.S. buyout funds have raised more than $103 billion in 2018, making it the top-drawing sub-asset class within PE, according to Thomson Reuters data. Note that much of the money going to funds of funds will also be funneled to buyout funds. Chart Of The Week October 8

PE funds backed by Los Angeles City Employees Retirement System in 2013 have matured, and this will be one of the stronger vintages. LACERS in 2013 committed $185 million across eight private equity funds, the public pension’s largest annual commitment to PE (buyouts, controlled distressed debt, growth equity) since 2008. All told, it has had […]

In the past two weeks U.S.-based buyout and mezzanine fundraising picked up its summer slack and added $7.8 billion to the 2018 total, six times the previous two-week amount reported in Buyouts. Despite the surge, funding still trails its YTD 2017 total by $26 billion. Audax Private Equity led the pack, closing its sixth fund above […]

Though fundraising dragged, 2018 proved a beneficial summer for worldwide LBO deals backed by U.S. sponsors. The disclosed deal volume during summer months (June, July, August) was 47 percent higher than it was in 2017, its previous five-year high. All three months set records for the past five years. Chart Of The Week Sept 24

Last year saw autumn’s highest disclosed deal volume of worldwide LBOs backed by U.S. sponsors, though it was only 3 percent higher than the volume in 2013. Fall months (September, October, November) have followed summer’s trend the past few years. If this trend carries into 2018, these months are on pace for new five-year highs. […]

Fundraising drags along as summer slowly fades to autumn. U.S. buyout and mezzanine firms added only $1.3 billion to the 2018 fundraising total in the past few weeks. Riverside Co is largely to thank for the addition, raising about that sum itself. Its fifth microcap fund closed at $1.2 billion. The fund took less than […]

Of the 265 tech deals completed so far this year, 131 (49.4 percent) involved software. The largest software-related deal was KK Pangea’s deal for Toshiba Memory Corp in a deal valued at about $17.9 billion. Chart Of The Week Sept 10

Tech deals emerged as the clear leader in transaction activity so far in 2018 with 265 deals completed. Tech-focused transactions also led by deal value, accounting for $33 billion. Chart Of The Week Sept 10

The past few weeks have shown emerging managers with high goals. Two U.S. private equity firms target $500 million. New York-based Trilantic Capital Partners North America is closest to that goal. Its second fund has raised over $218 million. Its investments focus in the business services, consumer and energy sectors. Ara Partners hopes it can […]