In the past two weeks, U.S.-based buyout and mezzanine fundraising continued its early-year surge. Since the last issue of Buyouts, fundraising added $9.6 billion to its YTD total, which now stands at $123.2 billion — $58.6 billion more than the 2018 YTD total. Arsenal Capital led the charge. Its fifth fund closed on $2.36 billion, which […]
Most LP commitments this year will come by way of re-ups, according to Preqin. The largest share of commitments, 45 percent, will be a mix of new relationships and re-ups, while only 7 percent of investors plan to make solely new relationships.
Though private equity fundraising continues strong, many investors are proceeding with caution for fears of a looming correction. Most of the 400 investors surveyed in the Preqin Investor Outlook: Alternative Assets, H1 2019 said they would commit to only one fund in the next 12 months.
New Mexico Educational Retirement Board committed more than $474 million across 10 PE funds in 2013. The commitment size and number of PE funds were both second most on the system’s record. NMERB received $179 million in capital distribution from the 10 funds, which included one buyout, one co-investment, two distressed, two growth equity, two […]
Emerging managers raised more than $1.1 billion from April 24 through May 7. Venture firms were responsible for over $326 million of that. Summit Agricultural Group led all venture firms, raising more than $87.9 million for its debut opportunity fund. The Iowa-based firm invests in crop, beef and pork production. Prime Movers raised second most […]
Emerging managers raised more than $2.3 billion from April 10 through April 23. Venture firms were responsible for more than $1.1 billion of that. Drive Capital led all venture firms, raising $558 million across two funds. Its third flagship brought in $307 million while its first overdrive fund raised $250.8 million. The firm invests in […]
After leading rival advisers in 2018, investment bank Goldman Sachs and law firm Kirkland & Ellis begin 2019 in the lead on completed M&A, according to league tables from Thomson Reuters. Goldman Sachs led most advisers when ranked by deal volume. The investment bank also led or was near the top across most industries, geographic locations […]
Investors are more cautious with their expectations about their portfolio performances this year compared with last year. Most private equity and venture capital investors expect returns about the same as those of 2018, but more say performance is more likely to be worse than better, according to the 2019 Preqin Global Private Equity & Venture Capital […]
State of Wisconsin Investment Board committed more than $1.5 billion across 28 PE funds in 2015. The dollar figure was the largest the system ever committed to PE. And the number of PE funds was also a system record. All told, SWIB has received more than $147.8 million from its 2015 investments. It had contributed […]
Forty companies started 2019 with room for improvement, most of them from the industrials and retail sectors. These are private-equity-sponsored companies that received distressed ratings, defined as an issuer credit rating of B- or lower with a negative outlook from S&P or a corporate family rating of Caa1 or lower with a negative outlook from Moody’s […]
Sixty-eight percent of investors and 63 percent of fund managers agree that asset valuation is the largest challenge for return generation in 2019, according to Preqin. Competition for assets and exit environment round out the top three challenges fund managers see for this year.
U.S.-based buyout and mezzanine fundraising skyrocketed in the past two weeks, thanks to one fund in particular. Since the last issue of Buyouts, fundraising added $26.6 billion to its YTD total, which now stands at $113.5 billion. The 2019 YTD surpassed $100 billion three months sooner than it did in 2018. Most of that total […]
Emerging managers raised more than $3.1 billion from March 27 through April 9. Venture firms were responsible for $886.3 million of that. Fifth Wall Ventures led all venture firms, raising $468 million for its sophomore fund. The firm focuses on using technology solutions for real estate problems. Redmile Group makes venture and growth investments in […]
U.S.-based buyout and mezzanine firms enjoyed a boost in fundraising thanks to large pools over the past two weeks. Since the last issue of Buyouts, fundraising added $13 billion, bringing the year-to-date total to $86.9 billion, nearly $25 billion more than the comparable period in 2018. American Industrial Partners raised the most. The firm closed […]
Public Employee Retirement System of Idaho (PERSI) has received more than $16.4 million in distributions from its 2016 investments, most by way of large buyout funds, according to an analysis by Buyouts. That year was the pension’s largest commitment to PE on record. All told, PERSI in 2016 committed $275 million to seven PE funds: five […]
First-time managers launched 40 debut funds into the market in 2017, representing a peak for first-time fundraising, but that number declined to 27 last year, Buyouts Insider data shows. Nine debut funds launched in the first quarter of 2019.
After a strong finish in 2018, the M&A exit market started off 2019 with its slowest quarter in over two years. All told, sponsors in the first quarter of 2019 closed 144 deals for a combined value of $23.4 billion, according to Thomson Reuters. That was a steep decline from a strong fourth quarter in 2018, […]
Despite fewer new funds getting launched, the amount of capital raised by first-time funds has remained about the same. In fact, first timers raised more last year ($6.7 billion) than they did in 2017 ($6.1 billion). This year is off to a strong start, with $3.1 billion raised by debut funds in the first quarter, […]