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Is the Gig Up? Kelly DePonte |
| posted on: 05-16-2008 | |
On an annual basis, Probitas Partners conducts a Survey of institutional investors in order to gauge their opinion on key trends in the private equity market. We recently contacted approximately 4,000 institutional investors and received 359 individual responses from a mix of Pension Plans, Funds of Funds, Endowments & Foundations, Family Offices and Financial Institutions.
One of the most interesting set of responses we received focused on how institutional investors perceive third party investment in Private Equity Management Companies. The largest transaction of this type in the last year was of course Blackstone’s public offering, though a number of private transactions were also done and Apollo is now in the market with a public offering.
Institutional investor opinion on this...
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Justify My Love Chris Douvos |
| posted on: 05-14-2008 | |
My buddy Peter - a very smart cat - was a pure math major in college. Once, I asked him what the difference between pure and applied math was and he told me with an impish grin: "the applied math guys know how to add . . ."
Of course, Peter went to Brown University, a very funky place, so I'm sure that he could've done an interpretive dance about the Lebesgue Outer Measure and still gotten a passing grade on his senior thesis (just kidding -- feel the love, Providence!)
I, on the other hand, studied history in college which means that I'm good with trivia at cocktail parties, but that's about it. Every now and again, though, I get to thinking about arithmetic; specifically, the arithmetic of the venture business and I wonder if we're all closer to the pure math end of the spectrum th...
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The Death and Re-Birth of Venture Capital Michael Butler |
| posted on: 05-13-2008 | |
Michael Butler is chairman and CEO of investment bank Cascadia Capital. He is writing a book titled Financing the Future and the Next Wave of 21st Century Innovation, and is serializing it here at peHUB. What follows is an excerpt from the fourth chapter.
A decade ago, every ambitious and analytical business-school student dreamed of becoming a rock-star venture capitalist like John Doerr or Jim Clark. And why not? The returns were robust, the headlines and magazine covers were positive, and the personal wealth just piled up.
There’s a very different kind of pile up today on Sand Hill Road, however. And it looks more like a car crash than a personal cash stash. Very few venture capitalists are crying poverty, but the VC industry is undergoing a wrenching and major restructurin...
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