Your focus areas include information and business services and healthcare. What areas do you find most attractive these days? We focus on two segments that together represent about 40 percent of the U.S. economy. We think that 40 percent represents some of the most attractive areas for private equity investment. In those two industries, we […]
With buyout shops facing increasing compliance burdens and investors seeking more and clearer information about their funds, big custody banks such as State Street Corp see new opportunities in alternatives, says Bhagesh Malde, a senior managing director for the Boston-based institution. “Our primary focus on this sector is as a fund administrator,” said Malde, who […]
Many limited partners take a sour view of secondary buyouts, wondering just how much value is left to be wrung out of a company once a savvy sponsor sells it. Now a new study suggests that secondary buyouts do in fact underperform other kinds of buyouts, although the underperformance is confined to deals done towards the end of investment periods.
The Colorado Public Employees’ Retirement Association has a venture portfolio in transition. Funds from CMEA Capital pulled back hard last year, while investment pools from Institutional Venture Partners, Longitude Capital Management and Technology Crossover Ventures lost ground, as well. Galen Partners V and Leapfrog Ventures II meanwhile saw nice gains in performance in 2012, and […]
Acceleration Resources LLC has raised its inaugural fund, Acceleration Resources I LP, with $21 million, in an effort led by a veteran of Passport Capital LLC and Sun Capital Partners Inc, according to public filings and a person familiar with the firm.
With their mid-2000s vintages sponsors showed they could survive a financial crisis and Great Recession. With their 2008 vintage they showed they could take advantage of the recovery that followed.
A start-up boutique investment bank looking to advise limited and general partners on a variety of transactions plans to add junior people, and potentially partner-level staff if the right person materializes, a source familiar with its plans told Buyouts.
Even though much of the federal government was shut down due to partisan divides in Congress, two dozen executives of business development companies sent the Securities and Exchange Commission a letter Tuesday urging the agency to “modernize” the regulation of the industry.
Hancock Capital Management LLC sees good opportunities for its mezzanine investing strategy, even though the firm faces strong competition from senior debt in today’s low interest rate market.
Blackstone’s private equity secondaries team has launched its sixth fund targeting $3.5 billion to $4 billion, according to two sources and a marketing document seen by sister publication peHUB.
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