This week’s opportunities include analyst jobs with Morgan Stanley and Fortress Investment Group and associate positions at Samsung and Cain Brothers.
With David Bonderman’s resignation from the board of Uber, TPG faces the challenge of replacing a founding partner in a supervisory role at a portfolio company in crisis. Adding to the difficulty is the manner in which Bonderman went out, stepping down after making a sexist joke during a company meeting called to address sexual harassment. […]
This week’s opportunities include a senior associate job at Z Capital Group, an investment analyst position at Partners Group, and a capital markets specialist role at Deutsche Bank.
Economic-software firm Emsi was founded in 2001 “to help community colleges struggling [to] defend their funding,” CFO Timothy van den Broek said. The firm now has entered the private equity space, using data to illuminate decisions about regional expansion, moving into new markets and dealing with high employee turnover. Emsi specializes in labor-market analysis; its economic-impact studies […]
Direct lending continues to grow as an asset class in a persistent low-interest-rate environment, and investors are particularly interested in the lower-middle market. A survey by Preqin and NXT Capital of almost 100 institutional investors active in private debt found that 58 percent expect to increase their allocations to the U.S. lower-middle market in the […]
The House of Representatives on June 8 passed the Financial CHOICE Act, vindicating a years-long effort by Financial Services Chairman Jeb Hensarling (R-Texas) to dismantle the Dodd-Frank Act. The vote was 233-186, mostly along party lines. The bill is seen as having no chance of passing the Senate, but certain provisions could be carved out and […]
President Donald Trump, speaking in Cincinnati, outlined his vision for an infrastructure overhaul, including at least $200 billion of direct federal spending. He repeated his call for generating a total investment of $1 trillion, which he suggested was modest compared with the $6 trillion spent on foreign wars. Speaking “on the shores of the very magnificent […]
Ardian’s North America direct buyouts team agreed to acquire Dynamic Technologies, a global supplier of tubular components and precision aluminum parts to the automotive industry. The firm will merge DT, based in Italy, with existing portfolio company Huron Inc. Headquartered in Detroit, Huron also makes tubular components for automotive OEMs. In an interview with Buyouts, two […]
This week’s opportunities include a PE biz dev job at Citco, associate roles at ORIX and Hudson Advisors, and an analyst position with Barings.
The Financial CHOICE Act, including a provision that would exempt private equity firms from registering as financial advisers with the SEC, is set to reach the House floor next week. With the legislation expected to pass along party lines, observers are turning their attention to the Senate, where it faces tougher prospects. The bill could be […]
This week’s opportunities include a VP position at Goldman Sachs and investment officer roles with the UN’s Joint Staff Pension Fund and Eli Lilly’s retirement trust.
“Fund Lab is really born out of my personal experience in the private equity space,” said Brandon Labrum, formerly of Sterling Partners. “Most PR firms aren’t necessarily built to serve the needs of investment funds. They don’t know the space well enough to provide targeted media activities.” During three years leading business development at Sterling, […]
Blackstone Group named Sean Klimczak head of its $40 billion infrastructure fund, a spokesman for the firm confirmed. Klimczak, 40, has been with Blackstone since 2005, working in the private equity group on investments including Sithe Global, Cheniere Energy Partners, Fisterra, PQ Energy, Utility One Source, Meerwing, Transmission Developers, American Petroleum Tankers and the Weather Channel. Before Blackstone he […]
This week’s opportunities include a valuations job at Blackstone, an associate role at Goldman Sachs and a private equity managing directorship at Cal’s Office of the President.
A personnel connection helped Stephens Group, the Little Rock, Arkansas, family office, in its bid to buy Pearlman Group. Stephens on May 16 said it finalized its buy of Pearlman Enterprises, the Norcross, Georgia, developer and distributor of tools and equipment for making hard surfaces. Terms weren’t disclosed. Antares Capital provided a credit facility to support the acquisition. […]
This week’s opportunities include an analyst opening in Carlyle’s credit division, associate jobs at GE and Houlihan Lokey, and a venture principal role with Novartis.
Jason Van Dussen traces his interest in finance back to a bargain bin in a Midwestern mall. Home from Michigan State, in a small town west of Grand Rapids called Nunica, Van Dussen went on a shopping trip with his mom. “They had paperback books for sale for a dollar,” he recalled, and one in […]
This week’s opportunities include directorship of the Ford Foundation’s new impact investing initiative, as well as analyst roles at Blackstone, Goldman Sachs and Partners Group.