David Bonderman, TPG Capital, private equity, Carrie Wheeler

TPG Capital to lose sole female partner, Carrie Wheeler

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. […]

Emsi, Timothy van den Broek, private equity

Need to Meet: Timothy van den Broek, CFO, Emsi

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 […]

Preqin, NXT Capital, private equity

Back to School: Private-debt investors eye lower-middle market

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 […]

Congress, House of Representatives, private equity, pension fund, Rep. Jeb Hensarling, Senate, Financial Choice Act, legislation,

House approves Financial CHOICE Act that eliminates GP SEC registration

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 […]

Donald Trump, private equity, Blackstone Group, infrastructure, U.S. Congress

Trump calls for $200 bln of federal spending on infrastructure

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 […]

Photo of Vincent Fandozzi courtesy of Ardian

Ardian bulks up auto-parts platform with Dynamic Technologies

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 […]

A general exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington, June 24, 2011.  REUTERS/Jonathan Ernst

House vote nears on CHOICE Act and private equity SEC registration

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 […]

Brandon Labrum, Fund Lab, private equity, public relations, PR

Need to Meet: Brandon Labrum, Founder and CEO, Fund Lab

“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, Sean Klimczak, private equity, Saudi Arabia, infrastructure

Blackstone names Sean Klimczak head of $40 bln infrastructure fund

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 […]

Stephens Group, Pearlman Group, private equity, merger, M&A, industrial equipment

Family office Stephens Group buys Pearlman from Harbour Group

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. […]

Golub Capital, Jason Van Dussen, private equity

Need to Meet: Jason Van Dussen, Managing Director, Golub Capital

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 […]