TPG Capital, Oaktree Capital Management and JH Investments Inc. are guiding builder Taylor Morrison Home Corp. to an IPO just in time for the traditional spring real estate selling season, as sponsors look to capitalize on the bull market.
Investors at the University of California may be resting a bit easier these days. The performance of the UC venture portfolio has been improving—at least the performance of those mid-decade funds now in the key years of investment harvesting. The university’s Regents holds 27 venture capital funds with vintages of 2004 to 2006. A total […]
As history’s largest buyout target drifts toward what seems to be an inevitable bankruptcy, the latest complaint against the beleaguered company’s directors could have the effect of inhibiting the filing.
New York-based AEA Investors LP hit its hard-cap of $2 billion for AEA Fund V, which has shaped up to be the largest fundraising effort in the firm’s 45-year history, two sources told Buyouts.
A key person at Texas Teachers’ Retirement System in charge of its much-discussed separate accounts with Kohlberg Kravis Roberts & Co. and Apollo Global Management has stepped down to join the private sector.
One of the fundamental principles guiding investors in private equity has been that of persistence of performance. If investors want to back a top-quartile fund, and they all do, a good starting point has been to make sure the predecessor funds were top-quartile.
1. Your office manages $12.8 billion, including $1.3 billion in private equity. Does your size affect the decisions about which funds to invest in and the size of the checks you write? After a certain size, it’s the color of the chips that determines how you play the game, not the amount of money you […]
Along with the risk of higher interest rates and uncertainty about the economic outlook, you can add higher insurance costs to your wall of worry, warns Kevin Maloy, senior managing director in M&A and special practices at strategic risk an insurance adviser Crystal & Co. “We’ve been in a very extended soft market. The last […]
Kohlberg Kravis Roberts & Co. and TPG Capital reportedly plan to launch real estate funds in the $500 million to $1 billion range, marking fresh moves to diversify into the same sector that’s provided less-than-stellar returns to PE funds after the worst economic downturn since the Great Depression.
Twenty companies backed by sponsors around the world made the Standard & Poor’s ‘weakest links’ list this month, up from 17 from the list published in December, according to Buyouts estimates. Meantime, the number of portfolio companies defaulting or filing for Chapter 11 has slowed so far this year.
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