1. AXA Private Equity is the latest private equity manager to spin out or be sold by a major European financial institution. Why is this happening? The company has been around for 17 years, and AXA (the parent company) has been, and will continue to be a good partner. But after 17 years, we have […]
It is probably time to put to rest the question of whether, over nearly three decades, U.S. buyout shops have on average outperformed the public equity markets. They have.
After a slump in leveraged lending earlier in the year, new-deal financing popped in March before easing again in April, said Stefan Shaffer, the managing partner of SPP Capital Partners LLC, a boutique investment bank that specializes in mid-market lending. After three years of historically low interest rates, “most issuers have either refinanced or recapped […]
Besides the investment bankers, the law firms and placement agents that form the ranks of firms that provide services to private equity investors, the closest outside relationship an institutional investor usually has is with its adviser or consultant.
North American buyout shops raised $2.2 billion in investor commitments in mid-May, bringing the total for the year to $33.8 billion for buyout and mezzanine funds. At this point last year, firms had raised $63.8 billion for new funds.
The venture capital funds in CalPERS’ Golden State Investment Partners portfolio logged big gains by and large last year, with Claremont Creek Ventures II showing the most dramatic improvement of all. At the end of September 2011, six of the nine venture capital, balanced and mezzanine funds in the portfolio were in the red with […]
Ridgewood Energy, a 31-year-old investment firm with holdings in the Gulf of Mexico, has attracted $450 million of commitments for its Ridgewood Energy Oil & Gas Fund II LP as it moves to hit a $750 million fundraising target.
Two of the Empire State’s biggest pension systems, the $160 billion New York State Common Retirement Fund and the $95 billion New York State Teachers Retirement System, have laid out goals to expand their in-house private equity teams.
The Ontario Teachers’ Pension Plan, one of Canada’s largest and most innovative, named Ron Mock to succeed Jim Leech as its president and CEO, according to a spokeswoman, Deborah Allan. Since 2008, Mock has been the pension’s senior vice president in charge of fixed income and alternative investments.
More mergers and acquisitions under $500 million are being pursued by companies in 2013 as low interest rates and a desire to seek out growth lure dealmakers, but major tie-ups remain less frequent than expected, analysts at Ernst & Young said.
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