We’ve had a terrific turnout for our Buyouts East conference in Cambridge, Mass., which runs today and tomorrow. For those who weren’t able to make it, here are three highlights.
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.
Peter J. Nolan has decided to become a senior adviser at Leonard Green & Partners, stepping back from his managing partner role to spend more time doing charitable work and managing his family office.
The New York State Teachers’ Retirement System will tell you that its private equity portfolio has generated a net IRR of 11.1 percent through the end of June 2013. But don’t ask for the details. The pension fund believes that the returns of individual funds are trade secrets, according to sister publication Buyouts.
David C. Turner, who seven years ago started a private equity portfolio for the Guardian Life Insurance Company of America and led its growth to more than $1 billion, is stepping down effective May 30, sister magazine Buyouts reported. Turner will hand the reins to Managing Director Maurice Gordon.
The sheer number of consultants available presents a big challenge. Assuming you don’t have the budget to hire one of the big guns, how do you make sure that your project and your consultant are a good match? And how do you get a competitive price? Sister magazine Buyouts checks in with a startup that is seeking to address the issue.
David Rubenstein, co-founder and co-CEO of the Carlyle Group and a proponent of the democratization of private equity, suggested this week his firm was working on a fresh offering aimed at retail investors, sister magazine Buyouts reported.
Sister publication Buyouts sat down on March 20 for a Q&A with Ken Mehlman, who was elected chairman of the Private Equity Growth Capital Council late last year. He discussed the political scene, the impact of Dodd-Frank, and more.
Thomson Reuters has struck a deal with consulting firm Cambridge Associates to provide the latter’s private equity benchmarking data to subscribers of the Thomson Reuters Eikon service. Thomson Reuters (publisher of peHUB) and its predecessors, including Venture Economics, collected and published buyout and venture capital return data and statistics for more than two decades.