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SEC sought information about Yucaipa advisory boards Nature of investigation not clear Unusual for SEC to subpoena a firm’s LPs The Securities and Exchange Commission earlier this year subpoenaed the nation’s two largest pension systems, CalPERS and CalSTRS, for information about Yucaipa Cos, according to sources. The nature of the SEC’s inquiries into the firm […]

Private equity exec founded firm after working in Washington Sees tax increases without regulatory reform hurting the economy In rare interview, exec shares concern about a deeper slowdown Aurora Capital Chairman Gerry Parsky offered perspectives on fiscal policy, taxes, the election and the state of the economy through the lens of private equity, drawing on […]

Lengthy and detailed confidential information memos, the standard in M&A processes, are heading for extinction, banking and private equity sources said. To attract buyers, more banks are using punchier CIMs, some as short as one to three pages, sources said. Such CIMs target a new breed of investor, who wants more concise data and is […]

TorQuest Partners has completed the final platform deal of its third mid-market fund, signalling the start of preparations to deploy the substantial $925 million raised by Fund IV. The Toronto private equity firm announced this week it invested in McKeil Marine, a marine transportation and project services provider. The deal comes on the heels of TorQuest’s acquisition of natural stone producer Polycor in September.

Energy helps drive earnings in Blackstone’s credit business Firm has invested in energy over past year Overlevered energy companies need capital to complete projects Blackstone Group has been deploying capital in the struggling energy sector and the bet is paying off, with gains in energy investments helping drive performance in the firm’s $89.3 billion credit […]

Private equity executives made political contributions to unabashed liberals, pragmatic Democrats, Republican centrists and Tea Party favorites during the 2015-2016 election cycle. But even among that diverse coterie, the industry showed no love for Donald Trump.

Firm closed Fund I in 2014 with $305 mln Former execs at Blackstone, Court Square, Ventyx lead firm Rubicon made deal announcement in December Rubicon Technology Partners is raising its sophomore private equity fund with a target of about $500 million, two years after veterans at the firm from Blackstone Group and Court Square Capital […]

Genstar could target up to $3 bln for Fund VIII Quick fundraising is expected Launch early next year Well, that was fast. Genstar Capital plans to return to market to raise its eighth flagship fund early next year, potentially targeting $2.5 billion to $3 billion or even higher including the GP commitment, according to people with knowledge of […]

Gull will miss the deal ‘hunt,’ ‘high caliber’ people Succeeded by Jeffrey Akers Reflects on ever-evolving market Ask dealmakers who are leaving the business what they’ll miss most, and they’ll sometimes tell you that it’s the thrill of the hunt. It’s an apt metaphor for the kind of business that pits intelligent, aggressive people against each […]

Please help us improve Buyouts by taking this quick readership survey. As a thank you, we’ll send you the executive summary of our newest product, the Family Office Guide. It is chock full of statistics and information on the rapidly growing family office market. The survey deadline is Friday, Oct. 21. (function(t,e,o,s){var c,n,i;t.SMCX=t.SMCX||[],e.getElementById(s)||(c=e.getElementsByTagName(o),n=c[c.length-1],i=e.createElement(o),i.type=”text/javascript”,i.async=!0,i.id=s,i.src=[“https:”===location.protocol?”https://”:”http://”,”widget.surveymonkey.com/collect/website/js/nkrMs_2FBw2N3c_2B_2BsYtk5VCBov2lNqiJuicTBCImtMh83woZxUipHXuMo8Y_2BrQa2Zw.js”].join(“”),n.parentNode.insertBefore(i,n))})(window,document,”script”,”smcx-sdk”); Create your own […]