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The New Push?

By Joanna Glasner — 11 years ago

I’ve been to a few digital media schmoozing events in the last few weeks. And, either by random chance or overwhelming statistical probability, I’ve run into several executives at startups in the area known as “content discovery.” “What is that?” I’ve asked, between sips of chardonnay or bottled water, or other schmooze-inducing liquid. Usually, the […]

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Henry Jackson: Re-Potted

By Amanda Palmer — 11 years ago

I was so very well behaved at lunch today I should  be given a gold star, only one small glass of white wine to wash down oysters and sole. I was treated to this lovely meal by Henry Jackson, the brains behind the one and a half year old, mid-market buyout house Merchant Equity Partners. […]

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Delayed Disaster

By Dan Primack — 11 years ago

I was on New England Cable News last night, to discuss the recent market troubles and the Dow Jones deal. You can get the video here. One issue related to that appearance, upon reflection, is that PE funds and hedge funds are getting painted with a singular brush. It’s a big mistake, and not just from […]

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Union Square Squabble

By Dan Primack — 11 years ago

Venture capital firm Union Square Ventures is suing buyout firm Union Square Partners (f.k.a. Capital Z Financial Services), for trademark infringement. Allegedly, more than a few LPs and other business contacts have confused the two firms. Leaving the legality aside, the big question here is why the Cap Z team ever chose the Union Square […]

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Simile of the Day

By Dan Primack — 11 years ago

A buyout pro today described the current lending environment as follows: It’s like a snake that just ate a large rodent. There is a backup at the beginning, where you’re not quite sure that the snake will be able to swallow its prey. Eventually it gets down, but it can take a while and it’s […]

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5 Questions with Steven Rattner, Quadrangle Group

By Dan Primack — 11 years ago

Quadrangle Group today announced that it is opening new offices in Silicon Valley and Hong Kong. The former will be staffed by former Yahoo chief operating officer Daniel Rosenweig, while the latter will open next year with former TVG Capital partner Edward Sippel at the helm. So peHUB has five questions for Steven Rattner, Quadrangle […]

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LinkedIn: One of My Best Sources

By Dan Primack — 11 years ago

Polaris Venture Partners today announced that it has hired MarketWatch founder Larry Kramer as a senior advisor. They sent me a press release, put it on the wires, etc. And it would have been pretty noteworthy, had peHUB and most other outlets not first reported it yesterday. The leak didn’t come out of Polaris or from an […]

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Wednesday Warblings

By Dan Primack — 11 years ago

The sun is shining, the Bancrofts acceded and the beloved Celtics are suddenly 5-2 to win the NBA championship. In other words, it’s time for some Wednesday Warblings. First up are some responses to my A Third Way column, which discussed a possible compromise on the carried interest tax issue (albeit a compromise among Democrats, […]

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Self-Promotion Alert

By Dan Primack — 11 years ago

I will be appearing on tomorrow night’s edition of NewsNight with Jim Braude, which airs at 7pm on New England Cable News (NECN). We’ll be chatting everything from credit woes to carried interest tax to Rupert/Dow Jones. It’s a good show if you haven’t seen it. Plus, Jim Braude was my boss for a few […]

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Bankers Bailing on TXU?

By Dan Primack — 11 years ago

TXU shareholders should hold on to their proxy postage, as Thomson Financial is reporting that the company’s $45 billion buyout could be on the verge of collapse. The report says that banks led by Citigroup are thinking long and hard about reneging on their $37.2 billion in debt financing commitments, which included $25.9 billion in […]

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Back To The Hill

By Dan Primack — 11 years ago

There is another round of private equity hearings on Capital Hill today, with speakers to include Bruce Rosenblum of The Carlyle Group and Adam Ifshin of Oaktree Capital Management. If they’re able to push a few more Democrats into the “nay” camp on change, then this whole issue might be dead until a Democratic president is […]

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Smart Strategy Drift

By Dan Primack — 11 years ago

Beware of VC firms changing investment strategy. The bottom quartile is littered with shops that rushed into a new sector at its peak, only to be taken down by inexperience, inflated valuations and unrealistic exit expectations. See most firms that said in 2002: “Our future is in nanotech, and our LPs are very supportive of […]

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Qualcomm Backs iPhone Competitor

By Dan Primack — 11 years ago

The condition: Apple is unable to do to mobile phones what it did to mp3 players, with subsequent versions of the iPhone acting as market leaders instead of as category killers. The consequence: A bunch of mobile Internet app providers will be able to cite iPhone as their validation, rather than as their murderer. One such company […]

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Sunday Dealsourcing

By Dan Primack — 11 years ago

I was unable to scour regulatory filings while in San Francisco last week, because my laptop doesn’t play nice with the relevant server. I’m still not quite caught up, but so far have blurbed on a dozen unannounced VC deals. Click on the company name for more info: * 3Jam, developer of a “reply-all” text messaging service. * […]

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Hung Bridges & The Deathly Hallows

By Dan Primack — 11 years ago

Goldman Sachs was feeling its pop lit oats today, based on some new client research that includes gems like: But like J.K. Rowling’s protagonists, the battle between investor sentiment and company fundamental will continue until the demise of one of the participants. And… It is impossible even for a wizard like Harry Potter to reconcile two […]

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Carried Interest CFOs

By Dan Primack — 11 years ago

Yesterday I moderated a panel at the Private Equity CFO Conference, which we turned into an audience debate on carried interest taxes. Lots of lively conversation, and an emerging consensus that both sides have some persuasive arguments. I also wanted to share three demographic notes of interest: 1. About 30% of the attendees believe that […]

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Taxes Make Grover Blue

By Dan Primack — 11 years ago

In an earlier post today on carried interest taxes, I wrote the following: Most Republicans are dead-set against any sort of tax increase on carried interest, because they view it as an opening salvo against the 15% capital gains rate (for everyone). As one private equity lobbyist explained to me: “The question to ask is: ‘Would Grover […]

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Too Soon To Panic

By Dan Primack — 11 years ago

The Dow is plunging, credit is crunching and new high-yield issues are looking less likely than a victory in Iraq. If only there was a way to pin it all on Blackstone… But here’s the thing: This isn’t yet the perfect storm that could destroy the buyout rush. All of the above are certainly elements, but […]

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