Use of leverage depends on debt level of each portfolio firm Not seeing inflation in secondaries market Sees a number of large transactions in H2 2017 Benoît Verbrugghe is head of the New York office of Ardian, a fund-of-funds and one of the biggest secondary buyers. Ardian recently sold a significant chunk of its PE portfolio. Why was it […]
Leads PE and VC practice at accounting/tax/advisory firm Tech consulting to enhance access to portfolio company data 10 years in investment banking, left Bear Stearns in 2007 Before becoming a consultant, Jeremy Swan spent 10 years in investment banking, first with Bear Stearns and then with two small boutiques — none of which is still in […]
PRIVATE EQUITY FIRMS Cimbria Capital named Jens Ulrick Hansen a managing director. The Houston private equity firm invests in the water-technology and agribusiness sectors in North America and Europe. Cotton Creek Capital, the Austin private equity firm, hired Nicholas A. Longtin as an associate. Longtin previously was an investment-banking analyst in the global industrials group at UBS Investment Bank. General Atlantic: Preston McKenzie and Eric […]
Warmbier was third-year student in commerce at UVA Was managing director, special situations group, at school’s Alternative Investment Fund Intended to go into investment banking Before he became a pawn in the high-stakes confrontation between Pyongyang and Washington, Otto Warmbier had his sights set on a career in finance. The 22-year-old University of Virginia student died on […]
Breuning worked at the firm since 2006 Made partner at spinout from Barclays Leaving to spend time with family Sam Breuning, a partner at Equistone Partners Europe, left the firm at the end of May, according to a note the firm sent to limited partners June 19. Breuning joined Equistone in 2006 from Bain & […]
Bonderman stepped down after remark to fellow Uber director Huffington Next day, news broke that TPG retail investments leader Wheeler will depart TPG to name successor to Bonderman on the board With David Bonderman’s resignation from the board of Uber, TPG faces the challenge of replacing a founding partner in a supervisory role at a portfolio company in […]
Herchel was AlpInvest ‘point man’ on GP minority stakes Firm was said to be raising $1.5 bln for strategy No fund yet in market Marek Herchel, who recently left AlpInvest Partners for MLC Private Equity, was the firm’s “point man” on the strategy of buying minority stakes in private equity management companies, three sources told Buyouts. Herchel […]
Company offers labor-market data to PE firms Useful for companies expanding or facing high turnover Formerly PE-owned, now part of CareerBuilder Economic-software firm Emsi was founded in 2001 “to help community colleges struggling [to] defend their funding,” CFO Timothy van den Broek said. The firm now has entered the private equity space, using data to illuminate decisions […]
EQT closed third infrastructure fund on 4 bln euros Pursues growth-oriented infrastructure investments Infrastructure appetite has evolved to more value-add strategies EQT closed its third infrastructure fund on its 4 billion euro hard cap. What does EQT look for in these investments? For businesses, we’re looking at three criteria: essential services for society or industry; long-term stable […]
There is a governmental agency that actually makes money: Overseas Private Investment Corp, which provides loans and insurance for U.S. companies, including fund managers, investing in emerging markets. OPIC may not be all that well-known among the general population, but it is among the GPs who invest in emerging markets, committing to funds and projects […]