News and Analysis

Deal activity in professional sports “presents unique risks and challenges that differ from traditional investments,” a Deloitte report issued this week said.

Emerging manager fundraising is down, with first-time funds globally raising around $25bn last year, compared with $47.6bn in 2022, according to Buyouts data.

Continuation fund will hold Wellspring portfolio companies SupplyOne, Cadence and Pentec Health, and includes $125m of unfunded capital for growth.

During fundraising, exits involving GroundWorks and Chauvet generated a 4.9x gross multiple and a 6.5x gross multiple, respectively, Cortec co-president Dave Schnadig told Buyouts.

Quality managers earn a 'complexity premium' by building better companies.

The deal comes as LP secondaries sales keep steady and drive activity with strong pricing and sellers eager to capture liquidity from private equity portfolios.

Marquis tells us about her other dream job as NFL commissioner, her extensive work with not-for-profits and why she dislikes the phrase ‘lipstick on a pig.’

Exit paralysis is especially taxing for LPs, who have endured cumulative negative cashflows since 2019.

The system has not yet finalized a contract with a secondaries adviser.

A hospitality industry trade union’s participation at recent CalPERS meetings reflects worries about negative headlines connected to buyouts managers.