Just five emerging venture managers raised capital in the past two weeks, but they managed to pull in the fifth largest amount of capital so far this year, according to VCJ research. The five young managers raised more than $1.1 billion from July 2 through July 16. That compares to 13 emerging VC funds that […]
Emerging managers enjoyed a recent surge in fundraising. Eleven emerging PE funds raised more than $6.2 billion from June 19 through July 2, according to Buyouts data. That’s the second biggest fundraising haul over a two-week period this year, behind the $8.8 billion raised from May 8 to May 21. Altas Partners rounded up the […]
Thirteen emerging venture funds raked in more than $624 million from June 19 through July 2, bringing their total capital raised year-to-date to just under $12 billion, according to VCJ research The two biggest fundraisers were Pace Capital, which focuses on Series A investments, and Vertex Ventures, which backs early stage enterprise startups. Each raised […]
Here are the key statistics in private equity fundraising, deals and exits for the first quarter of 2019. Download the “Buyouts Insider Q1 2019 Highlights” slide show as a PowerPoint: Buyouts Insider Q2 2019 Highlights
PRIVATE EQUITY FIRMS CloudScale Capital Partners LLC named Matt Bross as a partner. Bross is a former CTO of British Telecom, Williams Communications and Huawei. Genstar Captial named Carolyn Greenwalt chief compliance officer for regulatory compliance and risk management. Greenwalt previously served as an attorney adviser at the U.S. Security and Exchange Commission. Great Hill […]
U.S.-based buyout and mezzanine fundraising continues its surge. Since the last issue of Buyouts, fundraising added $6.8 billion to its YTD total, which now stands at $169.1 billion. Three separate firms raised at least $1.7 billion apiece. Leading the charge was Aquiline Financial Services. The New York-based firm, which focuses on companies within the financial […]
The number of PE-backed companies with distressed credit ratings shot up 77 percent in the past three months — from 40 at the end of Q1 to 71 as of June 20. For Standard & Poor’s, a distressed company has an issuer credit rating of B- or lower and a negative outlook. For Moody’s Investors […]
As family office interest in private equity continues to climb, growth-oriented opportunities stand out as the most popular strategy, according to the UBS/Campden Wealth Global Family Office Report 2018. The report found that 72 percent of respondents said growth opportunities are most attractive, followed by venture and real assets (57 percent each) and buyouts (54 […]
Though their interest in private equity continues to grow, family offices tend to be picky when it comes to deal selection. Most of the 311 family offices that participated in the UBS/Campden Wealth Global Family Office Report 2018 make one to five direct or co-investment deals per year.
PRIVATE EQUITY FIRMS Access Holdings named Steve Chang as a partner and Andy Colmone as a principal. Chang was previously managing director at LLR Partners while Colmone was CFO at SCP Dental Services. Jeff Jacobson joined Siris as an executive partner. Prior to Siris, Jacobson served as CEO of Xerox. Devin Perotti joined Align Capital […]
Fears about a market downturn aren’t dampening public pensions’ desire to commit to funds. Most U.S.-based public pension funds expect to commit to four to nine private equity funds over the next 12 months, according to 500 pensions tracked by Preqin.
Sales of sponsor-backed companies hit a six-year low in the second quarter. All told, sponsors sold just 84 portfolio companies for a total disclosed value of $8 billion, as of June 10, Thomson Reuters reported. That follows a lackluster Q1, when 144 sponsor-backed companies were sold for a total disclosed value of $23.4 billion. Equally troubling: The […]
Family offices’ appetite for alternative investments continues to grow. Private equity tops the list, with 61 percent of family offices targeting private equity this year, up from 58 percent in 2016, according to 1,000 family offices tracked by Preqin.
U.S.-based buyout and mezzanine fundraising continues at a strong pace. Since the last issue of Buyouts, fundraising added $21.9 billion to its YTD total, which now stands at $162.3 billion — nearly double the 2018 YTD total. The biggest fundraiser was Advent International, which closed its ninth flagship on $17.5 billion. The fund surpassed its […]
New venture funds pulled in more than $500 million in commitments from June 5 through June 18. That’s down a bit from the previous two-week period, when they corralled about $722 million. The firm that rounded up the most capital is Bluebird Ventures, which raised $103.5 million from 15 investors for its debut fund, according […]
Emerging managers raised more than $1.4 billion from May 22 through June 5. Venture firms were responsible for more than $722 million of that. JAZZ Venture Partners led all venture firms, raising $287 million for its sophomore fund. The firm focuses on augmented reality, artificial intelligence, immersive gaming and closed-loop human-computer systems. AllegisCyber Capital was […]
New Jersey Division of Investment in 2012 made 12 investments in PE, the most it made since 2008. It spread those investments over six PE strategies: co-investments, distressed debt, domestic midmarket buyouts, large buyouts, special situations and venture capital. All told, NJDOI committed $1.6 billion to PE in 2012, also the most since 2008. It has […]
The fundraising frenzy couldn’t last forever. U.S.-based buyout and mezzanine fundraising drastically slowed. Since the last issue of Buyouts, fundraising added $1.3 billion to its YTD total, which now stands at $140 billion — $61 billion more than the 2018 YTD total. Proterra Investment Partners outraised all firms. Its sustainable agricultural fund raised more than $303 […]