From the New Zealand Superannuation Fund to the Saudi Arabia General Organization for Social Insurance, sovereign wealth funds are channeling money into U.S. mid-market funds, according to the latest edition of Connections in the Middle Market, produced by Buyouts Insider and global law firm Duane Morris.
Take our quick survey on buyout deal pricing and be the first to see the results.
Solomon Owayda and Christine Patrinos have partnered to launch Mozaic Capital, a firm that advises institutional investors on the sale of interests in private equity and related limited partnerships.
Appointed Partners, founded by Marci Nigro, former partner at executive search firm TEG, launched today to help match PE-backed companies with board members and other executive talent.
Blackstone Group is shopping specialty materials company Polymer Group Inc. to prospective buyers in a deal that could approach $3 billion in value, according to a source familiar with the process. The firm is said to be preparing the company for either a sale or IPO.
Brooks Zug, senior managing director and co-founder of funds-of-funds manager HarbourVest Partners, this spring told an audience of deal-makers about a buyout opportunity some of his associates had recently pitched with a price tag of 23.5x of trailing EBITDA
Solomon Owayda, who in the late 1980s and 1990s led the private equity program at California State Teachers’ Retirement System, and who played a seminal role in the founding of the Institutional Limited Partners Association, has left Siguler Guff & Co as managing director in its Boston office.
It’s hard to beat today’s frothy fundraising market for jumping ship to raise a debut fund. But Stephen Schwarzman, chairman, CEO, and co-founder of Blackstone Group, this weekend cautioned young professionals to think twice before taking the plunge.
Institutional investors say they’re concerned that sponsors are applying too much leverage to companies, and many also believe exit conditions will deteriorate in the next two years.
W Capital Partners, one of some 45 private equity firms to host a table at ACG New York’s packed wine-tasting event Monday evening in New York City, raised the bar on promotional acuity in its selection of bottles to serve. The wines echo the kind of investing it does.
Less than a year after Thomson Reuters outsourced its benchmarking to Cambridge Associates, Bison has introduced a series of free benchmarks to help institutional investors determine how the performance of a single fund measures up against a population of peers.
Investors largely got it right betting heavily over the last three decades on leveraged buyout funds, sister magazine Buyouts says. That said, venture capital firms have staged a significant comeback since the woebegone years following the Internet bubble.
Wondering why you’re paying so much to have routine legal documents prepared? The question lies at the heart of the business model of a start-up company called InCloudCounsel, sister magazine Buyouts reports.
Kenneth J. Kencel has resigned as president of Carlyle GMS Finance, a mid-market lending business of The Carlyle Group that recently passed the $1 billion mark raised on its debut fundraise but that has also seen several recent executive departures, sister magazine Buyouts reported.
A little-noted aspect of the first set of examinations of private equity shops by the U.S. Securities and Exchange Commission is that the agency in some cases picked firms considered to be more likely to have compliance problems, sister magazine Buyouts reported. That fact may help explain the high percentage of problems found.
After a two-year hiatus, Randy Schwimmer is back with his weekly e-newsletter covering the middle-market leveraged lending scene. The Lead Left, which debuted last week, is the successor to On the Left, the popular e-newsletter that Schwimmer wrote while he was a senior managing director and head of capital markets at Churchill Financial.
David C. Turner, who is stepping down as managing director and head of private equity at Guardian Life Insurance Company of America, talks to sister magazine Reuters Buyouts about private equity, venture capital and the risks of market peaks.