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Competition between asset classes is heating up as investors increase allocations to private equity, eroding market share away from hedge funds, according to Ernst & Young’s 2019 Global Alternative Fund Survey. Investors said 25 percent of their assets under management (AUM) are allocated to private equity this year, up from 18 percent in 2018, according […]
Only two years into its investment, Kohlberg & Co is evaluating the sale of SpecialtyCare, an outsourced provider of intraoperative neuromonitoring and other operating room services, according to four sources. The sales process is being conducted by Harris Williams, two of the people said. The auction is well underway, with bids from private equity firms […]
The primary industry from which families generated their wealth was finance and insurance, making up 21 percent, according to The Global Family Report 2019. Manufacturing, at 16 percent, and real estate, at 14 percent, round out the top three and are the only three that make up more than 10 percent.  
The average family wealth of those surveyed in The Global Family Office Report 2019 published by UBS and Campden Research stands at $1.2 billion, far above the average family office AUM. Families managed by single-family offices have an average net worth of $1.3 billion, $420 million higher than their multi-family office contemporaries.
U.S.-based buyout and mezzanine fundraising keeps surging forward. Since the last issue of Buyouts, fund managers added $5.4 billion to its year-to-date total, now at more than $274.9 billion. Platinum Equity led the recent charge. The firm, founded by Tom Gores, raised an additional $2.2 billion to its fifth fund, which has now amassed more […]
Teachers’ Retirement System of Louisiana at its November meeting committed $125 million to private equity funds from J.F. Lehman & Company and Insight Partners, according to Lisa Honoré, the system’s executive liaison officer. The system invested up to $50 million to JFL Equity Investors V. The fund is targeting $1 billion and focuses on the industrials and transportation […]
Alpine Investors will focus on carve-outs and add-on acquisitions with its new fund, founder and CEO Graham Weaver told Buyouts. The San-Francisco firm closed its latest fund, Alpine VII, on a hard-cap of $1 billion, exceeding its $750 million target, the firm announced on Nov. 14. For the first time, investors from Europe and Asia […]
Furthering its push into musculoskeletal care, Varsity Healthcare Partners through Orthopedic Care Partners invested in The Steadman Clinic, Vail, Colorado’s world-famous sports medicine practice. The transaction brings OCP’s revenues to approximately $125 million, and on the basis of earnings makes it one of the largest PE-backed orthopedic companies in the country, a person close to the […]
Parchment, a PE and VC-backed EdTech company that digitizes and distributes education credential records, is on the block, sources familiar with the process told Buyouts. First-round bids were due last week, the people said. One of the bidders is likely to have preempted the process, they said. The sale is expected to value the company […]
Blackstone Group — after its investment in MagicLab (an owner of dating app Bumble)—sees opportunity in other online marketplaces, according to Jon Korngold, senior managing director and head of the firm’s growth equity team. Last week, Blackstone announced it is taking a control position in MagicLab, a parent company for the women-centered dating platform Bumble and […]

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