PE and Clothing Stores

By Adrian — 11 years ago

I am very interested in knowing your opinion on clothing store LBOs, like the Eddie Bauer one announced yesterday or the Burlington Coat deal by Bain. What is the extraordinary value to be extracted out of these companies which are no clear leader of their segments and concepts. Is it purely a financial play? Or competition for […]

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Bush War on Medical Research Defeats Republican Senate

11 years ago

Sure, the biggest factor in the Republican loss of Congress was public discontent with the war in Iraq. Even so, Republicans would have held control of the Senate if the Bush administration were not waging a second war on major elements of modern medical research.  Fact: The Bush administration has done almost everything in its power to […]

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To Patent or Not to Patent (and Mutual Assured Destruction)

11 years ago

In October, I attended the Ocean Tomo Patent Auction in NYC. I was surprised to see that I was one of three venture capitalists in attendance reviewing the inventory of patents changing hands. What? No Web 2.0 discussions or golf?  Why bother? The Ocean Tomo Fall 2006 Live Intellectual Property Auction netted nearly $24 million, more than […]

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Of Snipers and Virgins

By Bart Schachter — 11 years ago

I wonder how long the Middle East War analogy can carry me into the PEHUB universe. BTW, how do you pronounce peHUB? PEE-HUB? PEE-WEE-HUB? Judging from the responses to my virgin steps onto the blogosphere, I think that’s probably pretty close. I’ve been tracking recent military developments in Iraq to learn that, in addition to […]

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A Dollar and a Dream

By Chris — 11 years ago

Anyone remember Curtis Sharp? A long time ago, Curtis won a $5 million New York Lottery jackpot and he spent the rest of the 1980s sashaying around New York in bespoke suits and bowler hats attracting crowds wherever he went. Curtis was the Man. Charismatic and impish, Curtis was the Toast of the Town. I […]

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Top Quartile — Who’s counting

11 years ago

For those of you who know me, you know that returns, performance and benchmarking issues are near and dear to me – after all, my first child’s initials are IRR. I swear it was not intentional – just call it karma. I recently took our second child, (no weird acronyms here to make fun of, […]

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Should VCs Write Blogs?

By Clint — 11 years ago

This question seems to come up quite a bit among LPs and GPs: Should a general partner at a VC firm spend time writing a blog, when it appears to be such a time-consuming process? Why would VCs even consider creating blogs to document thoughts or musings about the industry at large, when there are […]

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VC Learnings for Make Benefit Glorious Future

By Bart Schachter — 11 years ago

72 virgins. We all know who gets them. No, I’m not talking about Al Queda or the Taliban. I’m looking closer to home, right here in our VC backyard. One the industry’s most venerable VC firms yanks the megaphone from the hands of the New York Times and the Wall Street Journal to pronounce its […]

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Commercial Banks and I-Banks: Not a Natural Fit

By Kelly Deponte — 11 years ago

I believe that there are natural reasons for commercial banks to get out of private equity investing: Commercial bank on-balance sheet capital is quite different from that of I-banks, and the issue of conficts for I-banks is real. First some perspective – I worked for a commercial bank in the US for 15 years, the […]

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Technology in PE

By Jon Nieman — 11 years ago

There are some interesting technologies that I have come across in private equity that I wanted to talk about and would love to hear feedback from you all. In structured products involving private equity, there are some compelling technologies involving cash flow modeling, risk analysis and other related tools. For instance, I know of one […]

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Mega Funds with Nostalgia?

11 years ago

I’ve heard that TPG is starting a “small buyout fund” or a mid-market fund. We’re not investors, but I would think LPs would be troubled unless they are adding some kind of new team under the TPG brand (which would be a separate issue, and something the Draper folks might have an opinion on). I […]

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Risky Business??

11 years ago

When you look at the classic risk-return charts presented by general consultants, private equity is the proud resident of that top right quadrant – often so far out there it appears lonely. Why does this matter or why should we care? Well, it is this perception of private equity that determines its positioning inside investors’ portfolios. Today, […]

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BFE – Best Flip Ever?

11 years ago

It’s difficult to imagine what the group did to pretty-up Hertz for a public sale in that amount of time. So is this yet another complaint about mega-funds flipping companies while adding little value? No, because as Canada Bill Jones famously said, “it’s immoral to let a sucker keep his money.”

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VCs and the Public Markets

11 years ago

I’ve always thought that entrepreneurs don’t really understand VCs, and I’ve always been SURE that (most) VCs don’t understand investment bankers and the public stock market. So I guess I wasn’t all that surprised when I heard two opposing comments from different life sciences VCs at a recent conference. The first argued that today’s public […]

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Large-cap Buyout Binge Implications

11 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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LPs Co-Investing

By Jeffrey Walker — 11 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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PE Activity in Central America (CableTV)

By Adrian — 11 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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