private equity
166 Views

On the Move, 7.9.2018 – CalSTRS hires new deputy CIO

PRIVATE EQUITY FIRMS Abraaj Holdings: Chairman Sean Cleary resigned as the PE group is undergoing a court-supervised restructuring, Bloomberg reported. Altamont Capital Partners named Jennifer Mello general counsel and chief compliance officer. Mello previously was a managing director on TPG‘s legal team in San Francisco. Blackstone hired Erich Schram and Kevin Relihan for its new insurance solutions business. Schram will serve as senior managing director, head of credit origination […]

Beegle leaves Goode Patners

Q2 exits: Market tepid in second quarter

Private equity M&A exit activity took a dive, both in value and deal count, from 2018’s opening quarter. A lot of uncertainty remains in the market as firms sail through the murky waters of regulatory ambiguity and a possible downturn. The macroemanations rippled into the M&A landscape, with 132 U.S.-based PE-backed exits totaling $24.5 billion […]

private equity, merger, M&A, fundraising
198 Views

Market at a Glance – Silver Lake completes $2 bln digital payments deal

Over the past two weeks, U.S.-based buyout and mezzanine funds added $1.7 billion in commitments, bringing 2018’s sum to $85.2 billion. This year’s fundraising trails 2017’s torrid pace at this time by $25.5 billion, or 23 percent. PPM America Capital Partners, focused on North American middle-market buyout and growth opportunities, closed its seventh private equity co-investment […]

private equity
129 Views

On the move, 6.25.2018 – ILPA reconfigures board

PRIVATE EQUITY FIRMS Actis named Ellen Li managing director and head of Asia of the investor development group. Li previously was director of institutional sales at Franklin Templeton Investment in Asia. Artemid: Cédric Lalain joined as a partner. Lalain was previously head of fixed income at Assurances Crédit Mutuel. Artremid is a subsidiary of Capzanine and Amiral Gestion. Atlas Holdings, the Greenwich, Connecticut, private investment firm, promoted nine staffers. Among […]

private equity, merger, M&A, fundraising
111 Views

Market at a Glance – Bain headlines $18 bln Toshiba deal

Over the past two weeks, U.S.-based buyout and mezzanine funds added $4.9 billion in commitments, bringing 2018’s sum to $83.5 billion. This year’s fundraising trails 2017’s tally at this time by $25.6 billion, or 23.4 percent. Blackstone Group led the charge by closing its first Asian buyout fund. Blackstone Capital Partners Asia finished with $2.3 billion in […]

private equity
141 Views

On the move, 6.11.2018 – Arbor Investments taps CMO from Chicago Cubs

PRIVATE EQUITY FIRMS Alternative Investment Management named Jason Klein to its chief investment officer advisory council. Klein is senior vice president and CIO of Memorial Sloan Kettering. Allison Miller joined Arbor Investments as chief marketing officer. Miller was previously vice president of marketing for the Chicago Cubs. Carlyle Group: Robert Mancini, a managing director, partner and co-head of Carlyle Power Partners, is retiring […]

private equity, bankruptcy, retail, Gibson Guitar
692 Views

A guitar legend falls as retail continues to burn: distressed ratings

Through the first three weeks of May 2018, 94 private equity-sponsored companies hold distressed ratings from Standard & Poor’s or Moody’s Investors Service, including six defaults. Those defaults were due to missed interest payments and subsequent bankruptcy filings. Gibson Brands, backed by Kohlberg Kravis Roberts, Silver Point Capital and Melody Capital Partners, is the latest to […]

private equity, merger, M&A, fundraising
238 Views

Market at a Glance – Carlyle eyes closing $25 bln across two funds

Over the past two weeks, U.S.-based buyout and mezzanine funds added $5.7 billion in commitments, bringing 2018’s sum to $78.6 billion. This year’s fundraising trails 2017’s breakneck pace at this time by $27.1 billion, or 25.6 percent. Carlyle Group exceeded its $5 billion target for Carlyle Asia Growth Partners V. The fund, focusing on key Asian markets […]

Charts of the Week
105 Views

Chart of the Week: Software’s the king sector among unicorns

The software sector fittingly accounts for nearly half of all the private equity-backed unicorn deals completed in the past four years. Of the 190 unicorns (startups valued at $1 billion or more) caught by PE firms, 91 (47.9 percent) were software companies, 22 (11.6 percent) fell into consumer goods and commercial services ranked third with […]

private equity
175 Views

On the move, 5.28.2018 – Blackstone adds a knight to its board

PRIVATE EQUITY FIRMS Behrman Capital named Vincent M. Buffa an operating partner. Buffa previously was president and CEO of Data Device Corp. Blackstone named Sir John Hood to the board. Hood is chair of Rhodes Trust and president and CEO of Robertson Foundation. Bowmark Capital hired Tom Keen as an investment manager. Prior to joining Bowmark, Keen worked at Lyceum Capital. Carlyle Group hired Hongjiang Zhang as a senior […]

private equity, merger, M&A, fundraising
106 Views

Market at a Glance – fundraising and dealmaking both lag 2017

Over the past two weeks, U.S.-based buyout and mezzanine funds added $8.3 billion in commitments, bringing 2018’s sum to $72.9 billion. Despite the second straight steady week, fundraising still trails last year at this time by $24.4 billion, or 25 percent. Linden Capital Partners exceeded its intended goal and closed its fourth flagship. Linden Capital Partners IV […]

New Mexico Educational Retirement Board, Aberdeen Standard Investments, private equity, pension fund
114 Views

LP Scorecard: New Mexico ERB reaps a quarter billion in 12 months

Over a year, New Mexico Educational Retirement Board brought in about $248.2 million in distributions led by Clayton, Dubilier & Rice, ComVest Partners and Ares Management. From the start of Q4 2016 to the end of Q3 2017, a pair of 2007 vintages led the way for the pension. Clayton, Dubilier & Rice’s eighth flagship fund and […]

Charts of the Week
123 Views

Chart of the Week: PE real estate could be retail’s saving grace

Brick-and-mortar retail has lost its luster due to the mainstreaming of online shopping. Despite the ongoing strain on the retail industry, private equity real estate could offer a reprieve. PE real estate firms see value in the asset class through building up stores as “experiences” rather than just transaction depots. Portfolio deals, such as mall […]

285 Views

Get your guide to emerging manager investors here!

This year, Buyouts Insider released the second edition of its Guide to Emerging Manager Investors and Service Providers — an essential tool for budding private equity and venture capital firms! Our guide showcases more than 20 limited partners with an appetite for emerging managers, including California Public Employees’ Retirement System and New York City Retirement Systems. It also provides tools to help you pick […]

private equity
446 Views

On the move, 5.14.2018 – CPPIB gets new head of PE

PRIVATE EQUITY FIRMS Jonathan Laifer joined BelHealth Investment Partners as an associate. Laifer was previously an investment banking associate in the healthcare group at Goldman Sachs focusing on M&A, leveraged finance and equity transactions. Cerberus Capital Management: Matt Zames joined as president, while Frank Bruno was promoted to co-CEO. Lee Millstein was appointed president of the international business. Zames most recently served as COO of JP Morgan […]

private equity, merger, M&A, fundraising
218 Views

Market at a glance – SVP and Thoma Bravo each close over $2 bln

Over the past two weeks, U.S.-based buyout and mezzanine funds added $8.8 billion in commitments, bringing their sum to $64.6 billion on the year. Despite the uptick, fundraising trails last year at this time by $28.4 billion, or 30.5 percent. Strategic Value Partners hit the hard cap and closed its fourth flagship. Strategic Value Special Situations Fund […]