Research

In 2015 the secondary market was split evenly between non-traditional buyers and secondary specialists, defined as all investment entities actively looking to purchase closed funds on the secondary market, according to the Triago Quarterly Report. But since then, non-traditional buyers have taken up more and more of the secondary market, reaching 56 percent in 2018.

U.S.-based buyout and mezzanine fundraising had another huge boost, continuing a strong push to start the fourth quarter of 2019. Since the last issue of Buyouts, fund managers added $18.4 billion to its year-to-date total, now at more than $269.5 billion. KPS Capital Partners led the pack. The firm’s fifth flagship fund closed on $6 […]

While large buyout funds are selling at a record 100 percent of net asset value, the average secondary market pricing through the first three quarters of 2019 stands at 93 percent of net asset value, slightly down from the 2018 total of 94 percent, according to The Triago Quarterly October 2019.

U.S.-based buyout and mezzanine fundraising started off the fourth quarter of 2019 as aggressive as it has been all year. Since the last issue of Buyouts, fund managers added $5.1 billion to the year-to-date total, which is now more than $251 billion. Paine Schwartz led the latest round of fundraising with the close of its […]

Fundraising is a large determinant for staffing changes, and as fundraising swells firms hire people to help put more money to work. Forty percent of firms planned to add senior investment professionals to their staffs in 2019, up from the 29 percent from 2018, according to the 2019-2020 Holt-MM&K-Buyouts PE/VC Compensation Report.

As fundraising continues to trend up, so too do the salaries and bonuses of the people who are responsible for the boom. Partners and non-partners alike saw sizeable increases in salary and bonuses, continuing a trend going back to 2010, according to the 2019-2020 Holt-MM&K-Buyouts PE/VC Compensation Report.