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Hot Off The Presses…

By Alastair Goldfisher — 13 years ago

This week’s issue of Private Equity Week once again uncovers the news in the private equity and venture capital industry. For example, Dan Primack takes a look inside Charles River Ventures. The VC firm has launched a small loan program that will lend needy startups some dough instead of supporting them in a traditional equity […]

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Apax Co-CEO Quits

By Dan Primack — 13 years ago

Allan Karp has resigned as co-CEO of Apax Partners U.S., according to multiple sources close to the firm. The move comes just two months before a final close is scheduled for Apax Excelsior VII, and will be exacerbated by the simultaneous resignation of U.S. consumer and retail group head Chris Reilly. Apax isn’t commenting publicly (both […]

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Large-cap Buyout Binge Implications

13 years ago

After sorting through about ten potential launch topics, I decided to write my first post on the growing concentration in mega and large-cap leveraged buyout funds in the U.S market. One could make a convincing argument that the returns from this small group of funds will be less variable than the returns from the broader […]

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Open for Business

By Dan Primack — 13 years ago

Four years ago, I launched a daily email publication called the PE Week Wire. It had a development budget of $0, and about 45 minutes of forethought. In fact, my group publisher didn’t even know it existed until a few days later. Today, the PE Week Wire has well over 30,000 subscribers. This website – called peHUB – has taken […]

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LPs Co-Investing

By Jeffrey Walker — 13 years ago

We have found that a number of our limited partners have created very professional groups to co-invest with us in deals. These groups are so responsive that we can approach them quickly, and have them take significant co-invest pieces of our deals — whereas in the previous years we might have brought in another private […]

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North Bridge Moves Into Growth Equity

By Dan Primack — 13 years ago

In yesterday’s PE Week Wire, I asked readers to name the Boston-area VC firm that is launching a sponsored growth equity fund. My hint was to “look up.” OK, apparently not a great hint – since no one got it right. The correct answer is North Bridge Venture Partners, the venerable Waltham, Mass.-based firm that has made […]

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Lagging Indicators

By Dan Primack — 13 years ago

Thomson Financial and the NVCA on Monday released their latest private equity performance numbers, and I’m trying to analyze them in the context of Sevin Rosen’s “VC model is severely damaged” argument.I see some validation for Steve Dow & Co., and also some contradiction (between Dow and the numbers, not between Dow and this company). Dow believes […]

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Random Ramblings: Clear Channel & More

By Dan Primack — 13 years ago

Some quick hits before embarking on the return trip from Portland, Ore. to Boston… *** Today’s big LBO deal news is the possibility that Clear Channel could go private for around $18.5 billion. There are lots of angles of this deal worth discussing – high leverage multiples, family management control but not financial control, a […]

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PE Activity in Central America (CableTV)

By Adrian — 13 years ago

I wanted to share with other fellow readers a recent transaction closed by our investor group ($250M+ EV) in the cable & broadband industry in Central America. There has been some intense activity in this sector with other funds managed by Carlyle, Warburg Pincus, Cinven, Fintech that is worth a look. REsults by public cable […]

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Random Ramblings: Morgan Stanley & More

By Dan Primack — 13 years ago

A reader asks: “Does it make any sense that Morgan Stanley is getting back into private equity? I thought they left because of conflicts with advisory clients. Have those conflicts somehow evaporated?” I hear you dear reader, and have been wondering the same thing myself. Morgan Stanley isn’t talking yet – partially because new group […]

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Monday Mouth-Off

By Dan Primack — 13 years ago

The sky is gray, the World Series is tied and I’ve got a lot of “big new project” work to do before heading to Portland, Oregon for Venture Northwest (via Phoenix, ugh). In other words, it’s time for Monday Mouth-Off. *** Thomas on the spinout of Shore Points Capital from BNP Paribas: “These types of […]

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Random Ramblings: Rapt & TL Ventures

By Dan Primack — 13 years ago

The Rapt Inc. lawsuit has been settled out-of-court, according to PE Week. No details were disclosed. The case had involved two of three Rapt Inc. founders suing venture backers Accel Partners and Levensohn Venture Partners for fraud and breach of fiduciary duty. *** A few months ago, I told you that three IT-focused partners had […]

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Thursday ThrowBack

By Dan Primack — 13 years ago

The sun is shining, oil prices are sinking and Yankee fans get two weeks to gloat/celebrate before getting smacked in the playoffs (Me bitter? You bet). In other words, it’s time for some Thursday ThrowBack. First up is yesterday’s lament that former Gillette chief Jim Kilts got a plum private equity gig. Specifically, I oppose […]

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Just Linking Around…

By Dan Primack — 13 years ago

Apologies for the light opining so far this week, but I’ve been consumed by news overload and meetings related to a new project I’m working on (details to come shortly). In the meantime, some quick content to fill your appetites… *** Clint Chao of Formative Ventures on his investment litmus test: Does he want to […]

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More VC Steams Into PodShow

By Dan Primack — 13 years ago

I have been a skeptic of venture capital involvement with podcasting companies since day one, even if day one wasn’t all that long ago. I just struggle to see venture-type ROI for most of these deals, unless they can be flipped before Yahoo, Google, etc. put down their tall glasses of content Kool-Aid. This isn’t to say that the […]

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Quiz Question & Answer

By Dan Primack — 13 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 — 13 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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