Emerging private equity fund managers must have taken an extra summer vacation. Just five emerging managers raised $848 million from Aug. 28 through Sept. 10, according to Buyouts data, nearly $1 billion less than the prior fundraising period. This period also saw the fewest funds in market this year. Year to date, new managers have […]
Emerging venture managers entered September and activity was sparse, as only five emerging managers raised commitments in previous two weeks.
The summer slowdown has finally caught up to U.S.-based buyout and mezzanine fundraising. Since the last issue of Buyouts, fundraising added only $1.8 billion to its year-to-date total, which is now at $227.8 billion. 2019 still outpaces 2018 by a far margin. EW Healthcare outraised all firms, closing its second growth equity fund at $745 […]
PRIVATE EQUITY FIRMS LFM Capital appointed Conner Harris as a director. Harris previously worked at The Riverside Company’s Dallas office where he was vice president for the firm’s flagship capital appreciation fund. Paine Schwartz Partners named Renata Dinkelmann as director of human capital. Dinklemann is the former head of global executive recruiting at Kraft Heinz. […]
Investor appetite for emerging managers seems to be growing. Both the average and median for all investors increased from 2018 to 2019, according to the Emerging Manager Survey, published by Buyouts Insider in partnership with Gen II Fund Services. Small investors, those that commit less than $100 million per year to private equity and venture […]
The number of investors willing to make an anchor commitment increased, from 64 percent in 2018 to 76 percent in 2019, according to the Emerging Manager Survey. What hasn’t changed is what they expect in return: 78 percent of investors said they would seek discounted management fees for an anchor commitment.
Emerging private equity fund managers appear unaffected by the summer lull. Nine emerging managers raised $1.8 billion from Aug. 14 through Aug. 27, according to Buyouts data. That’s up from the previous roundup period, in which managers raised just over $1 billion. Year to date, new managers have raised a combined $41.3 billion, according to […]
Coefficient, F2 and Cultivation lead the way in last two weeks in August.
The number of worldwide private equity funds to hit the market has been increasing over time, and has almost reached 4,000 funds at the start of Q3 2019, according to Preqin’s Quarterly Update: Private Equity & Venture Capital Q2 2019. North America and Asia are the most attractive fundraising markets, with more than 1,500 funds […]
PRIVATE EQUITY FIRMS Ares Management hired Joel Holsinger as co-head of alternative credit. Holsinger previously was a partner with Fortress Investment Group where he was a member of the management committee and the investment committee for the credit funds. Before, he was a founding partner at Atalaya Capital Management. Greylock Partners named Saam Motamedi a […]
Despite reaching the dog days of summer, U.S.-based buyout and mezzanine fundraising continues to soar. Since the last issue of Buyouts, fundraising added another $10 billion to its year-to-date total, which is now at $226 billion—$100 billion more than at this point in 2018. ArcLight Capital Partners led the charge. The Boston-based firm raised $3.5 billion […]
The largest firms and funds, which target $1 billion or more, make up just 5 percent of the market, but they account for almost two-thirds of all capital sought, according to Preqin. Almost half of the funds in the market (46 percent) are competing to secure just 4 percent of all capital targeted. Download the […]
Emerging private equity fund managers bounced back from their least successful fundraising period, though fundraising still remained relatively sluggish. Five emerging managers raised just over $1 billion from July 31 through Aug. 13, according to Buyouts data. Year to date, new managers have raised a combined $39.5 billion, according to Buyouts. Chicago Pacific Founders raised […]
Emerging managers once again raised in excess of $1 bln during the previous two weeks
The heat seems to have finally affected emerging managers, who clocked in their lowest fundraising roundup total of the year. Seven emerging managers raised only $635 million from July 17 through July 30, according to Buyouts data. That is only the fifth time this year managers failed to raise at least $1 billion. Raine Partners […]
PRIVATE EQUITY FIRMS Capital Dynamics named Hina Ahmad as chief operating officer. Ahmad has been the firm’s compliance officer and U.S. general counsel since January 2014. RiverVest Venture Partners named Derek Rapp as managing director and Dr. Isaac Zike as senior associate. Previously Rapp was president and CEO of JDRF while Zike was a life […]
For the third straight year, the Emerging Manager Report found that family offices make up the majority of capital raised by emerging managers with 18 percent—the lowest it has polled in three years. Public pensions trailed closely behind at 16 percent—the highest it has polled over the past three years. Download the Excel here: Charts […]
Emerging managers have seen growth in the size of their limited partner base, according to the third edition of the Emerging Managing Report published by Buyouts Insider in partnership with Gen II Fund Services, LLC. The average number for emerging buyout managers increased by 15 from 2018 to 2019, while the average number for emerging […]