Funds from LLR Partners and Technology Crossover Ventures lead a mid-decade venture-fund portfolio that has chalked up a generally poor performance at Colorado Public Employees’ Retirement Association. The portfolio of a dozen funds with 2003 to 2005 vintages is divided equally between those above and below water. LLR’s $360 million second fund from 2004 is […]
Trump, GOP Congress good news for deregulation Dodd-Frank “could be nibbled on pretty severely,” says panelist Financial lobbyists likely to take “rifle-shot” approach to deregulation Donald Trump’s election as U.S. president is good news for financial-industry players looking to reverse regulations implemented after the global financial crisis, said panelists at IA Watch’s post-election regulatory conference […]
Process not yet in election period Firm raised two funds Not likely to raise a third Deutsche Bank has stepped in as lead investor in the restructuring of Enhanced Equity’s two funds, according to two people with knowledge of the process. How much Deutsche Bank is prepared to spend on the deal is unclear. The exact […]
Monomoy Capital Partners and Cortec Group turned in two of the strongest performances among 58 domestic buyout, growth and turnaround vintage 2011 funds in the Buyouts return database. Monomoy Capital’s second fund and Cortec Group’s fifth effort placed first and third among 15 top-quartile funds measured by internal rate of return, Buyouts found. First-place Monomoy Fund II […]
Adams Street provides access to private investments Relationship similar to a separate account Hatteras Funds works with financial advisors Adams Street Partners inked its first deal as a subadviser by agreeing to provide access to its private equity investments for Hatteras Funds, a platform for financial advisers that manages about $1 billion, according to the firms. […]
One issue that has haunted emerging managers trying to persuade LPs to open their wallets is: How well do these early funds perform and are they worth the risk? Preqin has an answer: It reviewed a sample set spanning 13 vintage years from 2000 to 2012, and it found that 2004 was the only year […]
Heath Wilson is launching his newest business platform with more momentum than he did when he co-founded eVestment with Jim Minnick and Matt Crisp 16 years ago. “When we started the business we really didn’t have anything. We started with a group of consulting firms that wanted to standardize and become more efficient in how […]
U.S.-based buyout and mezzanine fundraising added $3.6 billion to its yearly total over the past two weeks. That total now sits at $162.5 billion and trails the year-earlier period by $10.8 billion, or 6.2 percent. A bevy of fund closings took place, most notably from Carlyle Group. Carlyle wrapped up its second Energy Mezzanine Opportunities […]
Firm found portfolio company CEO at the poker table Live Ventures avoids auction, pays $60 mln for Vintage Stock Inc Cash-flush corporates more bullish on M&A and prices In the face of painfully high LBO prices, Live Ventures, the publicly traded holding company backed by Isaac Capital Group, goes out of its way to keep from overpaying. […]
PRIVATE EQUITY FIRMS Advent International hired James Buzzard as an operating partner. Buzzard is the former president of MeadWestvaco. Align Capital Partners: Joining ACP’s Cleveland office are Rick Costello, operating partner, Katie Noggle, director of business development, Matt Beesley, vice president, and Dustin Brode, associate. New hires in the Dallas office include Jonathan Vadiee and Kurt Smentek, associates, and Joey Delgado, executive assistant. […]
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