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David Toll

cigar, professional
Median partner-level salary increase last year was 7 pct Median non-partner-level salary increase in 2016 was 8 pct Partners typically earn well over $300K That investors don’t want fund managers to get wealthy from management fees alone has been a mantra stretching back to the beginnings of the private equity industry. The idea: keep partners […]
Florida State Board of Administration, pension fund, private equity,
Firm: Trivest Partners Fund: Trivest Fund VI Target: $550 mln to $600 mln Amount Raised: $600 mln Placement Agent: Shannon Advisors LLC Trivest Partners, the Coral Gables, Fla.-based firm that has become one of the country’s most prolific buyers of family-owned businesses, has quickly secured $600 million for its sixth core fund. Troy Templeton, managing […]
LPs focus on emerging manager team composition Investment strategy also important to LPs Median number of months to raise emerging fund: 17 Are emerging managers in tune with potential backers when it comes to anticipating what factors are most important to those backers in evaluating their funds? A recent survey by financial publisher Buyouts Insider […]
Deal Terms VC VCJ July 2017 Cover
Fund VI is targeting $750 mln Returning LPs include Connecticut Retirement Plans and Trust Funds New LPs include Partners Group and LGT Group Leeds Equity Partners, buyer and builder of companies in the fields of education, training and information services, has closed on north of $400 million for its sixth core fund, Buyouts has learned. […]
private equity, mergers, M&A
Executives at Blackford Capital like to talk up their Michigan Prosperity Fund, which they have described as a $50 million buyout fund launched in 2012 and earmarked mainly for in-state investments. But the fund isn’t a blind pool in the conventional sense. In fact, the firm has formed individual limited partnerships for each of the nine portfolio […]
private equity, mergers, M&A
Ottawa Avenue Private Capital LLC, an investment arm of the family office of Richard DeVos, father-in-law to U.S. Secretary of Education Betsy DeVos, has raised at least $420 million for two funds in a series of annual co-investment pools, regulatory filings suggest. The Grand Rapids, Michigan, firm, founded in 2015, had assets in Ottawa Avenue Fund 2017 LP […]
private equity, mergers, M&A
Editor’s Note: The story below may leave the impression that the Michigan Prosperity Fund is a single blind pool. The author wrote a subsequent column clarifying that its sponsor invests on a deal by deal basis. Michigan may be the home of the auto industry and a hub of beer brewing and manufacturing, but the midwestern state […]
private equity, mergers, M&A
The Institutional Limited Partners Association by early next year would like to produce a revised set of recommended LPA terms that will likely address how forthcoming general partners should be with the sharing of SEC exam results. The association has a parallel initiative under way to streamline the wording of select provisions, such as distribution waterfalls. First released in […]
Just two months after stepping down as Washington State treasurer, a position he held from 2009 to 2017, James McIntire joined Star Mountain Capital as a part-time senior adviser. At the New York firm, which channels money to lower-mid-market companies both directly and through fund investments, McIntire plans to help attract more public pensions as clients. […]
private equity, law, Duane Morris, Buyouts magazine
Emerging managers have a lot going for them. Many offer co-investments. Their founders put an abundance of skin in the game and don’t overdo it on the management fees. They pursue specialized strategies that can diversify plain-vanilla portfolios. They’ve performed well overall, although individual funds can be a bit hit-or-miss. Institutional investors investors have been […]

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