PE HUB Wire Highlights, 5.10.19


private equity, mergers, M&A
Private Equity Editor Chris Witkowsky reflects at home. Photo by Wendy Witkowsky

A-Rod talks deals, JLO Enterprises at InterGrowth; Deal attribution, track record war stories, PeakEquity back in market with sophomore effort

Happy Friday!

How’d your week go? On Monday I’ll be leaving for Washington for the EMPEA/IFC Global Private Equity Conference. If you’re heading down, look for me and say hi!

Emerging: We have an emerging manager out with its sophomore effort. PeakEquity Partners, launched in 2014 by former executives from Apax and the corporate world, is targeting $250 million for its second fund. The firm invests in enterprise software and solutions. Check it out here.

Somewhat related to this, I’m starting to compile our annual list of the most talked-about first-time managers. This list is based on LP recommendations, so it’s curated. Let me know if you have some thoughts on first-time (or second-fund) managers who should be on the list. Here’s the earlier version of the list from last year. Reach me at cwitkowsky@buyoutsinsider.com.

Family room: Family offices are looking for exposure to the world of impact investing. LeapFrog Investmentsjust announced the close of its third fund on $700 million, beating its $600 million target. Part of its expanding LP base includes family offices, with about 15 of them taking part in Fund III, up from around five in the last pool, according to Nick Moon, head of IR at LeapFrog.

“They don’t tend to invest particularly large checks in the grand scheme of things, but what we’ve found is that they’ve been very interested in profit-with-purpose type of strategies, whereby they can do good in terms of social output as well as meet their required returns,” Moon told family office reporter Justin MitchellCheck out the story here.

Big issue: I’ve been in conversations with a few folks about the challenge of deal attribution and track record for new managers since I wrote about Navab Capital earlier this week.

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