PE HUB editors Chris Witkowsky and Sam Sutton sit down to talk about the phenomenon of private equity firms selling off minority stakes in their management companies. Then, Chris asks Sam about the CalPERS private equity program, and what the controversy surrounding fees and expenses could mean for the $26 billion investment portfolio. Take a […]
In 2016, Buyouts put together articles featuring Women in Private Equity with the theme of “Trailblazers,” or up-and-coming women shaking up the predominantly white male PE industry. This year, we’re doing it again but with a slightly different theme. Instead of featuring future stars, we’re focusing on women executives at all levels doing their part to […]
By Chris Witkowsky and Sam Sutton Earlier this year, Blackstone Group said in an interview with Bloomberg it could foresee spending $40 billion on infrastructure investments if it decided to get back into that business. The announcement came as infrastructure is one of the major pillars of the administration of President Donald Trump. Yet private infrastructure […]
By Chris Witkowsky and Sam Sutton The SEC is investigating EnCap Investments for a possible violation of federal pay-to-play rules in connection with one or more campaign donations made by at least one employee at the firm, according to a limited partner and two investment advisers. The status of the investigation is unclear, as is whether the […]
Fundraising has long been about the haves and have-nots, and 2017 will be no exception. Buyouts talked with our extensive limited-partner network about which funds make their blood run hot. Based on that research, we put together a sample of the most in-demand funds coming back to market (or just hitting the market) in 2017. This […]
The overall consensus at the PartnerConnect West event in San Francisco last month seemed to be one of concern: money is flooding into the market at a time of sky-high prices. Returns are being pressured, even as general partners exercise their power to negotiate better terms for themselves. It seems like a precarious situation, and […]
Ares Management and Apollo Global Management expect to deploy their new private equity funds in distressed for control deals, a departure from the traditional buyouts that dominated their pipelines for much of the last half decade. “This feels like one of those markets we see every seven years,” said Ares co-founder Bennett Rosenthal in a […]
Jeff Horing, co-founder and managing director at Insight Venture Partners, thinks the IPO environment may improve toward the end of 2016 if the markets can recover. “I suspect there are a lot of substantial private companies that could be candidates. I think our world of tech/software PE will remain aggressive and competitive,” he said. *** […]
In this video from the PartnerConnect Midwest 2014 conference in Chicago, Neha Markle, executive director of the Morgan Stanley Alternative Investment Partners PE Fund Group, discusses the firm’s third party fund of funds business, which has more than $35 billion of assets under management, including $12 billion in private equity investments.
American Seafoods Group has tapped specialty finance company Ares Capital Corp for an $800 million first- and second-lien credit facility that backs a recapitalization of the Seattle-based fish harvesting company, in a deal that is notable for both its size and syndication strategy focused on alternative lenders, Reuters reported.
Deal makers and employees at private equity firms are expected to receive the biggest bonus increases this year on Wall Street, according to a forecast by compensation consulting firm Johnson Associates, Reuters reported.
Guggenheim Partners Investment Management LLC has agreed to pay $20 million to settle federal charges that it failed to disclose a $50 million loan by a client to a senior executive, the Securities and Exchanges Commission said on Monday, according to Reuters.
Antares Capital is lining up a $13.9 billion financing package that backs General Electric Capital Corp’s sale of the middle-market sponsor finance platform to Canada Pension Plan Investment Board (CPPIB) and raises funds for future growth, sources told Reuters.
Capital Dynamics Vice President Anne Pearce sat down with Managing Director Angela Willetts for a wide-ranging interview about the current state of the private equity industry, including limited partner issues, the rise of minority investments and the IPO market in Europe. The firm shared the interview with Buyouts.
U.S. syndicated loan issuance bounced in the second quarter from the two-and-a-half-year low set the prior quarter, driven by a renewed push by companies to refinance debt before borrowing costs increase, Reuters reported.
Bankrupt gunmaker Colt Holdings has reached an agreement with its bondholders that will postpone the company’s rush into a controversial sale to its current private equity owner while also providing much-needed cash, Reuters reported.
More U.S. companies including Compusearch Software Systems Inc are choosing to place second-lien loans with single alternative lenders rather than syndicating broadly as lending in the sector shrinks, lenders and attorneys told Reuters.
Jefferies has led seven leveraged loans totalling $5.07 billion since April as it continues to profit at the expense of regulated banks which are unable to lend to deals that U.S. regulators deem risky, Reuters reported.