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private equity, Goldman Sachs, Vista Equity Partners
U.S. fundraising at $174 bln through mid-December Funds targeting $1 bln or more comprise more than half total raised Advent, Leonard Green lead buyout firms for largest fund raised U.S. private equity funds raised roughly $174 billion through mid-December, indicating the industry is off pace to match the $228 billion raised in 2015, Buyouts data shows. Fundraising […]
Fundraising has long been about the haves and have-nots, and 2017 will be no exception. Buyouts talked with our extensive limited-partner network about which funds make their blood run hot. Based on that research, we put together a sample of the most in-demand funds coming back to market (or just hitting the market) in 2017. This […]
Monomoy Capital Partners and Cortec Group turned in two of the strongest performances among 58 domestic buyout, growth and turnaround vintage 2011 funds in the Buyouts return database. Monomoy Capital’s second fund and Cortec Group’s fifth effort placed first and third among 15 top-quartile funds measured by internal rate of return, Buyouts found. First-place Monomoy Fund II […]
The 2016 election season will be one no one will soon forget. Even as the cycle winds to its ugly conclusion, accusations continue to be thrown by both sides, passions are high and no matter who wins, neither candidate appears to have a strong mandate from the American people. Buyouts staff writer Sam Sutton discovered […]
Rhoddy Swire, Pantheon
Panelists warn to prepare portfolio companies for downturn Pantheon chief says low returns could pressure fees Strong-performing GPs push back on terms The overall consensus at the PartnerConnect West event in San Francisco last month seemed to be one of concern: money is flooding into the market at a time of sky-high prices. Returns are […]
“You have to make sure it’s fair and reasonable,” says Swire Lower inflation translates to a lower base rate of acceptable returns Pantheon founder bullish on infrastructure A decade of low or non-existent inflation lowered the bar for private equity returns. General partners and investors should prepare accordingly, Pantheon founder Rhoddy Swire told the audience at […]
Private equity, guns, mass shooting, Yale Investments Office, endowment, pension fund
Gun companies were once big business for private equity firms. But the mass shootings of recent months and years have caused the sector to lose favor with many sponsors, which cite reasons including the public outcries after the attacks; pressure from limited partners, including public pension funds; concern for socially responsible investing, and increased weapons-industry regulation. Sales of […]
winter, blizzard, snow storm, New York City
BULLET POINTS TBD Winter is coming, perhaps? LPs appear to be prepping for a downturn, pumping capital into turnaround and distressed funds. This strategy has raised more capital so far in 2016 than any other fund category tracked by Buyouts. The nearly $16.9 billion circled by distressed/turnaround funds included $3 billion from Cerberus Capital Management VI and […]
Thomas H. Lee Partners, Beverly Berman, private equity
CalPERS PE chief requests reimbursement from TH Lee Accuses firm of collecting fees without disclosing in LPAs TH Lee aggressively defends past practices The nation’s largest public pension fund has been engaged in a bitter dispute with Thomas H. Lee Partners over accelerated monitoring fees, Buyouts has learned. In correspondence obtained by Buyouts, Real Desrochers, private […]
Funds from CPG Carlyle, Altegris KKR grow larger Some have minimums of $25,000 Smaller institutional investors also taking part Partners Group Private Equity Fund topped $1.5 billion in assets under management in the past year as the largest in a growing class of funds reaching out to qualified individuals and smaller institutional LPs. After Partners […]
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