Achieving a profitable exit is challenging, but PE firms have several ways to help their companies cut costs, ease risk and boost operational efficiency.
By Christopher M. Schelling Nearly all private-equity-style closed-end draw-down funds have a clause ensuring that the general partner remains focused on deploying the commitments of an existing fund prior to turning substantial business efforts toward raising a successor fund. The reason is clear. Limited partners want to ensure that their money is nearly fully invested […]
How carry gets divvied up among senior partners has more to do with who founded the firm than with individual performance, according to recent research. Moreover, investors have been right to worry that carry distributed in this way can lead to departures. Such are the findings suggested by a recent examination of 717 private equity funds — largely buyout […]
GPs should watch for the next big issues on the SEC’s radar as the agency moves forward with its increased scrutiny of the industry. These include ensuring that firms have robust cybersecurity policies in place and paying more attention to waterfall distribution calculations and end-of-fund-life issues. Going forward, the agency will focus on these themes along […]
They may not have Midtown Manhattan buildings named after them (a la the Stephen A. Schwarzman Building at the New York Public Library), or own a version of Edvard Munch’s pastel, “The Scream,” acquired four years ago for more than $100 million by Leon Black. But Alfred Gantner, Marcel Erni and Urs Wietlisbach, co-founders of Zug, Switzerland-based private markets money […]
Where should a firm focus its deal sourcing efforts? Nadim Malik and Catherine Daly of Sutton Place Strategies offer their perspective in this guest column.
The consensus regarding the arrest and charging of former Park Hill Group executive Andrew Caspersen is that the situation is not good for the private equity secondaries business. While a few sources made the point that one bad actor doesn’t implicate an entire industry, several secondary market sources say it’s especially bad for secondaries. This is because this niche strategy, in an […]
Perhaps no time in the history of the asset class have more investors said they have an appetite for funds run by emerging managers. Testing that demand in coming months will be Aldrich Capital Partners, Argand Partners and Soundcore Capital Partners. All three are either in the market with debut funds or expected to be by next year. Those in […]
Members of the private equity fund industry are under increasing pressure from investors and regulators to enhance transparency in fees and expenses and other key aspects of their operations. In a PE Hub Canada exclusive, Torys LLP's Amy Johnson-Spina, Cameron Koziskie, Shannon Gotfrit and André Nance examine the factors that are driving this trend and how fund managers in North America are responding.
Corus Entertainment Inc this month closed its $2.65 billion buy of Shaw Media Inc. In a PE Hub Canada feature, Catalyst Capital Group's Newton Glassman, Gabriel de Alba and Jim Riley explain why the Toronto-based private equity firm, a Corus minority shareholder, opposed the deal. They also discuss why it raises concerns about how capital market transactions are regulated in Canada.