The following hires, promotions and appointments are for the March 9, 2015, issue of Buyouts.
After growing her fund administration firm PEF Services LLC to more than 130 funds and 40-plus employees since co-founding it in 2002, CEO Anne Anquillare has also become an active proponent of a more manageable regulatory framework for middle-market private equity firms.
Five Questions with Cheryl Lynette Hines, Director, Emerging Manager Program, Teacher Retirement System of Texas
The director of the Teacher Retirement System of Texas’s emerging manager program answers five questions, including what TRS looks for in emerging managers, if the funds it has committed to share any traits, and what the future holds.
Placement firm Mercury Capital Advisors counts eight first-time funds, mostly spinouts, from its client list currently in the fundraising market, more than any year since the financial crisis.
1. What do you expect to change in 2015?  In early 2015 we’ve already seen pricing and leverage begin to move in favor of lenders, particularly (when it comes to) borrowers in the $20 million to $50 million EBITDA range. That’s still low within historic norms, but there just doesn’t seem to be much of […]
CalPERS
Two things happened shortly before we went to press with this issue in mid-January that seemed almost symbolic of some larger truth.
1. What’s your take on rising interest rates? Will they go up much in 2015? Will higher rates help mezz lending? I thought they’d be going up in 2015 before oil went below $50 a barrel. If oil prices stay where they are I don’t think interest rates will go up as fast as we […]
Private equity firms now comprise a minority of Advanced Medical Pricing Solutions’ customer base, but CEO Mike Dendy sees his company’s healthcare cost audits as a natural fit for sponsors.
As regulatory and LP pressure builds on private equity firms in the post Dodd-Frank era, GPs should anticipate using at least 5 percent of their revenue for compliance, said Todd Cipperman, founding principal of Cipperman Compliance Services.
Steve King first saw the business opportunity for Alaris Royalty Corp while working as an investment banker for 12 years and helping middle-market companies raise capital.
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