Goldman emerges as lead investor on TPG’s CAA process, AUA Private Equity builds up specialty foods platform, HarbourVest announces senior-level promotions

PE Hub is growing and Goldman Sachs emerges as lead investor for TPG's Creative Artists Agency.

Hey, hey, hey, how are ya?

Another week in the bag, and it’s been a good one.

Let’s take a step back and spend some time catching up, Dear Reader.

I want to take a moment and thank you for the reaction to our annual Women in PE coverage. The response has been overwhelming (as usual).

Our editorial package, which includes a list of 10 mini-profiles of top-performing women in the industry, as well as an in-depth feature about the status of women in private equity, received overwhelming attention from our audience (and broadly in the market, well beyond our audience).

Which is great. I often say I’m waiting for a day when we no longer have to treat the presence of women in private equity, and especially in leadership positions, as a special event; rather, women leaders and dealmakers are just a routine part of the industry. We’ll get there, but for now, I believe the industry desperately needs this sort of coverage, as a celebration and reminder of diversity and inclusion.
Read our 10 profiles here. And read our in-depth feature here.

Also: I don’t think I’ve taken any time to step back and let you know what’s going on with us. As you’ve surely noticed by now, we turned PE Hub, once the free blog for PE and VC, into a subscription product covering private equity M&A. PE Hub, led by Sarah Pringle, is all and only about deals — deals in market, coming to market, exits, the dealmakers and trends in dealmaking.

Buyouts, meanwhile, is the place for fundraising, secondaries and LP issues, along with GP governance, regulatory and, as always, The Drama. We’ve also turned Buyouts magazine into a monthly with much more focus on in-depth feature work.

Our team is growing and we plan to add more deal reporters to build up our coverage in PE Hub. We aim to be the one-stop read for dealmakers/investment bankers and anyone interested in private equity deal news. We know this industry better than anyone, and our reporters have amazing access to information no one else has.

Anyway, on to the news:
We’ve had a few big themes this week: women in PE led the charge. The other big story was coronavirus and how it’s impacting private equity. The most obvious effect has been on firms travel restrictions, especially as such policies could affect annual meetings, which start kicking off in the spring.

We’ve heard of travel restrictions at several firms like General Atlantic, Ares Management, Vista Equity. And yesterday Reuters reported that Blackstone Group postponed the annual meeting for its tactical opportunities fund.

Apax Partners held its annual meeting over a webcast, Reuters reported. Investors didn’t have the opportunity to ask questions during the webcast, which seems to obviate the need to have a meeting in the first place.

Top Scoops
Goldman Sachs emerged as lead investor on the single asset process for TPG’s Creative Artists Agency, I write on Buyouts today. Neuberger Berman is another investor in the deal, which is being broadly marketed by PJT Park Hill. CAA is one of the biggest secondary deals in the market, and one of the largest single-asset processes. Will be interesting to see how this one plays out, especially as the market resembles a wounded duck in flight. Check it out here.

A tightening labor market and rising food costs make it difficult for businesses to operate in the hospitality sector, a challenge that AUA Private Equity believes it is tackling through its specialty foods platform’s latest acquisition, writes new reporter Karishma Vanjani on PE Hub. Check it out.

Have a great weekend! Reach me with tips n’ feedback, gossip, drama or whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.