CalPERS has been debating a plan to restructure its private equity program, establishing what it’s terming its four pillars: traditional GP relationships; focus on newer managers; and two direct investment vehicles that would target health and technology innovation and long-duration investments in larger businesses. (All fairly public so far). The CalPERS board heard more details […]
By Surya Mohan, Endeavor Energy Holdings The African-infrastructure-investment landscape has been full of promise for several decades. There is no shortage of intellectual voices collectively pointing to the positive financial, economic, social and environmental impacts that can come from infrastructure investment on the continent. Despite this, private infrastructure investments in Africa remain far short of […]
By Kevin O’Neill, Acertitude While “greed…is good” was the manifesto of Gordon Gekko, the iconic corporate raider from “Wall Street,” “transformation is king” is the proclamation of today’s private equity leaders when driving portfolio company value. Gone are the days when a sponsor buys a company, makes little or no change in the business strategy […]
SEC slaps Lightyear with $400K fine; Siris heads for January final close on largest fund yet; What’s the biggest PE story of the year?
By Alex Hicks, MHT Partners Remember when a college degree was a ticket to a long, successful career? Not anymore. These days, too many students emerge from college lacking the real-world skills that employers are looking for in the digital economy. This growing skills gap presents a major challenge to companies as they compete for […]
Vista Equity scoops up Mindbody in $1.9 bln deal; Radiant, KKR to buy majority of Max Healthcare; Blackstone is largest private rental landlord in NYC
Tech titans are looking for talent outside the meccas of Silicon Valley and Seattle, but they aren’t really sharing the wealth. Instead, they’re building satellite campuses in already wealthy places like New York, Austin and Boston, the New York Times reported. Apple said recently that it would build a $1 billion campus in Austin, expanding to […]
More transparency, CalPERS, Buyers emerge in big TH Lee fund revamp, Brazil's new president and private equity
Senior exec leaves Triton as fundraising comes to a close; H.I.G. to exit Caraustar in $1.8 bln deal; American Renal goes up for sale
Neuberger settles with SEC over improper expenses in Dyal funds; Centerbridge to buy Civitas Solutions for $1.4 bln