Funds targeting infrastructure, private debt and natural resources should see a big influx of capital next year, according to Preqin’s latest Investor Outlook report. Infrastructure is by far the most popular area of interest. Of the institutional investors surveyed, 53% said they expect to invest more in infrastructure funds over the next 12 months. On […]
Private equity fundraising has gone up steadily over the past two years, but it may decline next year. A Preqin survey shows that just 35% of LPs plan to commit more to PE in the next 12 months, down from 40% of respondents last year and 43% in 2015. In addition, the number of LPs […]
The year 2012 was stellar for private equity performance as the industry recovered from the global financial crisis and GPs deployed capital into a strengthening economy. Top-quartile returns for vintage 2012 domestic buyout and turnaround funds reached 23.4 percent, the highest such performance in the Buyouts database since 2003. Platinum Equity, Genstar Capital and TSG Consumer […]
August is typically a slow month in private equity and 2017 was no exception. U.S.-based buyout and mezzanine fundraising added only $2.2 billion since Buyouts last went to press. Thus far, $149.4 billion has been raised, leading this time a year ago by $27.9 billion, or 23 percent. Seaport Capital Partners wrapped up its fifth […]
The largest group (38 percent) of 2016 and 2017 vintages across all fund types have an investment period of five years. Meanwhile, 23 percent of funds across all asset classes have three-year investment periods.
According to Preqin’s latest Private Capital Fund Terms Advisor, private equity real estate and direct lending funds are seeing the shortest durations for investment periods. Lower investment periods suggest a higher deal flow and less time used to deploy funds’ capital.
U.S.-based buyout and mezzanine fundraising added $6.3 billion since Buyouts last went to press. Thus far in 2017, $147.2 billion has been raised, leading this point last year by $40.4 billion, or 38 percent. Quantum Energy Partners heads for the $4.5 billion hard cap on its seventh fund. Quantum Energy Fund VII is set to […]
PRIVATE EQUITY FIRMS Angeles Equity Partners: Joining are Maxwell Schechter as vice president of business development and James Lee and Shan Siddiqui as associates. Previously, Schechter was at Lindsay Goldberg while Lee was at Jefferies and Siddiqui at Credit Suisse. Angelo, Gordon & Co’s middle-market lending subsidiary, Twin Brook Capital Partners, named Timothy Schifer a managing director and Vishal Sheth chief financial officer. Schifer is a former director of portfolio management […]
North America presents the most established private equity marketplace and the majority of limited partners see it that way. Sixty one percent of those surveyed by Preqin said the region offers the best opportunities and 25 percent plan to increase their allocations over the next 12 months. Europe, second in perceived opportunity (44 percent), boasted the […]
According to a recent Preqin survey, more than half (58 percent) of limited partners view small and mid-market buyout funds as the top alternative-investment class. Venture capital followed in second place at 28 percent.
U.S.-based buyout and mezzanine fundraising slowed over the past two weeks, raising $3.8 billion. Thus far in 2017, $141 billion has been raised, leading the year-earlier period by $39.5 billion, or 39 percent. Brentwood Associates went beyond the $750 million goal for its latest fund. Brentwood’s Fund VI closed on about $1.2 billion and will […]
In the private equity landscape, smaller appears to be better. According to the latest data from Pitchbook, funds under $250 million are the top performers across five- and 10-year horizons. While starting out slow, they end up beating out all those overshadowing them in value.
With the exception of the one-year window, U.S. PE funds had the strongest returns compared with Europe and the rest of the world. European funds, though, provide a steadier hand and the highest average (9.4 percent) over all four horizons.
Private equity exit activity in the U.S. picked up in the second quarter. Overall, U.S.-based PE saw 161 exits totaling $18.3 billion in Q2 2017, mirroring Q1’s count and up 13 percent in value. If the first-half value totals are indicative, 2017’s exit numbers will decline from recent years. But second halves typically show boosts […]
U.S.-based buyout and mezzanine fundraising hit a massive swell as Q2 wrapped up. Over the past two weeks, the yearly total grew by $26.5 billion. Thus far in 2017, $137.2 billion has been raised, leading the year-earlier period by $37.6 billion, or 38 percent. Apollo Global Management is wrapping up fundraising on what will be the largest PE fund […]
The power balance between LPs and GPs in private equity swings back and forth like a pendulum, but these days that balance seems weighted on the side of the LPs. According to Preqin’s 2017 Private Capital Fund Terms Advisor Report, more than a quarter of LPs routinely decide not to invest in a fund because of […]
Some things never change. LP frustration about fees is the perennial complaint in private equity. In a recent Preqin study, two-thirds of LPs ranked management fees as the issue they’d like to see improved, followed by how GPs charge carried interest, and increased transparency at the fund level. One LP remarked, “Management fees should cover costs […]
PRIVATE EQUITY FIRMS Altegris Advisors, a provider of alternative investment strategies, hired Robert S. Naka as chief operating officer. Naka previously was COO at Salient Partners. Altegris is owned by Aquiline Capital Partners and Genstar Capital Management. Comvest Partners hired Ashley Ciaburri Rainwater as a director of investor relations. Rainwater previously was director of marketing and investor relations at Kohlberg & Co. General Atlantic named Yong Hak Huh a […]