Emerging managers raised more than $3.1 billion in the past few weeks. Venture firms were responsible for $721.8 million. MSA Capital outraised all other firms with $197 million for its sophomore fund. The firm focuses on AI, genomics, mobility and SaaS companies. ESO Fund was close behind, raising more than $173.4 million across two funds. […]
For GPs, the best prices for assets come from selling companies to strategic buyers, according to Bain & Co. A record number of companies are in PE’s public-to-private sweet spot: those with enterprise values of $2 billion and $10 billion that could be purchased for a multiple plus take-private premium that’s still below the average […]
Big funds continue to boost the YTD 2019 total for U.S.-based buyout and mezzanine fundraising. Since the last issue of Buyouts, fundraising added more than $18.7 billion to its YTD total. At $69.7 billion, firms have raised more than twice as much as they did a year earlier. Genstar led the pack. Its ninth flagship […]
The advantages of taking a company public no longer outweigh the disadvantages, according to Bain & Co’s Global Private Equity Report 2019. Along with the price of going public, a public company has to add several million dollars to its cost structure in the form of higher compensation. As a result, PE-backed IPOs have fallen […]
Maryland State Retirement and Pension System received $55 million in distribution from its 2015 investments. Most of the distributed capital came from Bain Capital’s third Asia fund. That year the pension made $1.5 billion in commitments across 19 PE Funds, including U.S. buyout, non-U.S. buyout and venture and growth equity. Maryland SRPS contributed more than […]
GP-stakes investing, where GPs sell minority positions in their management companies to other GPs, continues to trend upward. According to PitchBook, GP-stakes investments hit a high in 2018 with 25. The scope for deal sourcing is also growing, as GP-stakes investors are looking past well-known GPs for new opportunities.
Emerging managers raised more than $1.6 billion in the past few weeks. Venture firms were responsible for $761.7 million. GreatPoint was far ahead of all other firms, raising $245.6 million for its sophomore fund. The firm was founded by entrepreneurs and focuses on seed-stage investments. Glean Capital was second with $96.9 million for its sophomore […]
Teacher Retirement System of Texas brought in more than $125.8 million in capital distributions from its 2016 investments. That year, the pension committed to 22 PE funds, the most within one year. All told, in 2016 Texas TRS committed more than $3.7 billion to PE funds, its largest commitment to PE since 2008. It has […]
U.S.-based buyout and mezzanine fundraising continued to surge, with three funds closing on at least $2 billion since the last issue of Buyouts. The YTD 2019 total sits at $51 billion, nearly double its YTD 2018 total. TPG led the pack with the close of its seventh Asia fund at $4.6 billion. The fund exceeded […]
GP-stakes investors such as Dyal Capital and Petershill Group, backed by more traditional firms like Neuberger Berman and Goldman Sachs, are raising money from well-established PE investors that have been in the industry for decades, according to PitchBook. Most of the capital raised comes from public-pension funds.
U.S.-based buyout and mezzanine funds enjoyed a fundraising frenzy since the last issue of Buyouts, nearly tripling the YTD 2019 total to $39.2 billion. Big firms with big funds helped push the 2019 year-to-date tally past the same-time 2018 total by $16.9 billion. Thoma Bravo outraised all active fundraisers, closing its 13th flagship at $12.6 […]
Emerging managers raised $1.7 billion in the past few weeks. But emerging venture firms hit the first lull of 2019, raising only $158.6 million. Autotech Ventures led the pack, raising $77.5 million for its sophomore fund. The firm invests in the ground transportation industry. Dreamit Ventures offers programs that provide startups with direct access to […]
Dealmaking enjoyed a record year in 2018, helped in part by strong middle-market-deal activity. Both deal count and deal value were up from the prior year, and 2018 was the first year in which deal value surpassed $400 billion, according to PitchBook’s Annual U.S. PE Middle Market Report.
Despite its record year, the middle market accounted for only 53 percent of U.S. PE deal value in 2018, lower than the 61 percent in 2017, according to PitchBook. This trend is expected to continue, as the sizes of buyouts and funds rise together.
Emerging managers continue a strong 2019 with more than $3.9 billion in fundraising the past few weeks. Venture firms were responsible for more than $682 million of that, two of which raised more than $100 million. Owl Ventures led all active fundraisers. The firm focuses on education technology companies and raised more than $315 million […]
Ongoing trade tensions with China haven’t appeared to damp excitement about PE in the Asia-Pacific region: 84 percent of respondents in PEI’s Perspectives 2019 Survey said they will be considering the region for investments over the next 12 months.
U.S.-based buyout and mezzanine fundraising swelled since the last issue of Buyouts, adding more than $10 billion to the YTD 2019 total, which stands at $13.5 billion. Despite the surge, fundraising trails the YTD 2018 total by $6.5 billion. Four funds in particular were responsible for the increase, each of which raised more than $1 […]
For the first time, Asia had more funds closed (250) than Europe (196), according to Preqin. Despite having fewer funds, Europe-focused funds secured $90 billion, which outraised the $80 billion secured by Asia-focused funds.