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Quiz Question & Answer

By Dan Primack — 12 years ago

QuizTime: Keeping with the niche fund theme… Can you name the bi-coastal VC firm that is planning a traditional energy fund (i.e., not cleantech). Hint: The firm’s name is an unintentional giveaway. Quiz Answer: Two weeks ago, I asked if you could name the corporate bigshot-turned-VC who is planning to launch a niche fund under […]

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LP Meeting Tips

By Dan Primack — 12 years ago

I only attended a small part of yesterday’s Master Class on PE and VC Fund-Raising in New York, but I was there for a panel of placement agents and, of course, my keynote interview with Barry Gonder of Grove Street Advisors. A few, non-comprehensive takeaways for fund-raisers: If you’ve got a large firm, don’t bring […]

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HCA Shareholders to (Finally) Vote

By Dan Primack — 12 years ago

HCA has set a shareholder meeting date for its proposed going-private buyout: November 16 at the company’s Nashville, Tenn. executive offices. The delay had led to some speculation of leverage troubles, but now it seems that history’s second-largest LBO is close to the finish line.

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Banking Divergence

By Dan Primack — 12 years ago

Last month, BNP Paribas quietly spun out its last remaining private equity group. This one has renamed itself Shore Points Capital, and focuses on acquisitions of mid-market manufacturing, distribution and services companies. Many such spinouts result in the former parent bank taking a limited partner stake in the first independent fund, plus retaining its interest […]

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Private Equity for the Masses

By Dan Primack — 12 years ago

This column has devoted significant space to the “publicization” of private equity, whereby Joe Investor gains direct access to an asset class that previously had treated him like a female applicant for membership at Augusta National. Examples  include business development companies (BDCs), special purpose acquisition vehicles (SPACs) and the listed Apollo and KKR funds in […]

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Quiz Time

By Dan Primack — 12 years ago

One of the companies within the Red Rocks index is seriously considering a private LBO/hedge fund. Nothing is finalized yet, with a launch date more likely to occur in Q1 2007. Can you name it? Hint: It is not one of the firms that already has a private fund (i.e., not KKR, Apollo, etc.).

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Just Linking Around

By Dan Primack — 12 years ago

The United Nations Conference on Trade and Development has issued its annual World Investment Report, which indicates that more than half of private equity fund capital is being used for foreign direct investment. In 2005, that meant more than $100 billion being disbursed outside of a firm’s headquartered country. You might not think this is […]

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In Memoriam: Sam Blyakher & Bill Mercer

By Dan Primack — 12 years ago

It is my regrettable duty to inform you that we lost two venture capitalists last week in separate – albeit both tragic – incidents:   Sam Blyakher, a 33 year-old general partner with Accretive Technology Partners, and his wife Rebecca both died last Monday when their car was struck head-on by an SUV that had careened across […]

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VenturePAC Stays Kinda Red

By Dan Primack — 12 years ago

The midterm elections are just three weeks away, with most polls indicating that the House will go Democratic and that the Senate is a toss-up. So I figured that this was a good time to check in on the check-writing activities of VenturePAC, the political action committee that is voluntarily funded by certain member firms […]

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32,000 and Counting…

By Dan Primack — 12 years ago

Every time the PE Week Wire adds another thousand subscribers, I like to remind you that these morning missives are just appetizers on our editorial menu. Yes, it’s they are free appetizers (happy hour apps, if you will), but paid subscribers to Buyouts Magazine, Private Equity Week or Venture Capital Journal get market news and analysis that […]

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Monday MouthOff

By Dan Primack — 12 years ago

The sun is shining, VC fundraising slowed in Q3 and the launch of “big new project” is just a couple of weeks away. In other words, it’s time for some Monday Mouth-Off… Most of last week’s email was about Sevin Rosen Funds, and its decision to postpone fundraising just days before a scheduled first close. […]

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Just Linking Around

By Dan Primack — 12 years ago

I spent most of yesterday working on “big new project,” and this morning must do a bit of actual reporting (it seems I get paid to do so). So, in the meantime… Details remain sketchy on the apparent U.S. Department of Justice probe into possible collusion between private equity firms, with most journalists either rehashing […]

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Random Ramblings

By Dan Primack — 12 years ago

The buyouts market is expected to record its third-straight year of record-breaking deal volume, according to Q3 numbers released this week by Buyouts Magazine. The first three quarters of 2006 saw U.S. firms participate in a total of 770 control-stake deals valued at $181 billion in disclosed value (including leverage), compared to $198 billion for […]

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Sevin Rosen Revisited

By Dan Primack — 12 years ago

Last month, I spoke to a class of MBA candidates and fellows at MIT’s Sloan School of Management. The topic was the interaction between businesspeople (i.e., the future them) and business journalists (i.e., the present me). One point I emphasized was that they should always try to get out in front of a breaking story […]

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Random Ramblings: LBO Data, Vanguard Ventures & Apax

By Dan Primack — 12 years ago

The buyouts market is expected to record its third-straight year of record-breaking deal volume, according to Q3 numbers released this week by Buyouts Magazine. The first three quarters of 2006 saw U.S. firms participate in a total of 770 control-stake deals valued at $181 billion in disclosed value (including leverage), compared to $198 billion for […]

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Just Linking Around…

By Dan Primack — 12 years ago

 I spent most of yesterday working on “big new project,” and this morning must do a bit of actual reporting (it seems I get paid to do so). So, in the meantime…  *** Details remain sketchy on the apparent U.S. Department of Justice probe into possible collusion between private equity firms, with most journalists either […]

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Draper Atlantic Loses Its Draper

By Dan Primack — 12 years ago

Last month, I reported that Draper Atlantic Ventures seemed to have lost its Draper. But it seems that was only half the story. Draper Atlantic Ventures has, indeed, renamed itself New Atlantic Ventures – and is in the market with a $200 million fund. Not only does it include the former Draper Atlantic partners (minus […]

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DOJ To Investigate LBO Firms

By Dan Primack — 12 years ago

 At 4:18 yesterday afternoon, I was on CNBC to discuss public-to-private buyouts (based, in part, on the proposed Cablevision deal). Just as I was saying that LBO heavyweights are disingenuous when complaining about inflated valuations, our segment got interrupted. Seems Google had picked that moment to confirm that it will purchase YouTube for $1.65 billion […]

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