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Hillary Clinton will win the presidency Vulnerable Republicans up for re-election will acknowledge publicly that Trump won’t win Sommers was Chief of Staff to ex-House of Representatives Speaker John Boehner Hillary Clinton will emerge victorious in the presidential election, said Mike Sommers, president and CEO of the American Investment Council. Sommers, who spoke June 21 at the […]

GTCR’s Craig Bondy sees low interest rates persisting GPs may try to keep winners PE track record lures new LPs GTCR is talking to its limited partners about holding companies longer to reduce execution risk and drive returns, since low interest rates are expected to persist, according to a key executive at the Chicago firm. Craig […]

Ready to get your first fund raised?  Better make sure not to give up too much of the economics to an anchor investor. That early, anchor investor can play a key role in your fundraise by convincing other investors that your fund is viable. But give up too much carried interest and investors will wonder if […]

Onex Corp said it is preparing for the launch of its fourth mid-market private equity fund now that ONCAP III is approaching full investment. In its report of first-quarter 2016 results, Toronto-based Onex said it is “now in a position” to raise ONCAP IV as its predecessor was more than 75 percent invested as of March 31st. ONCAP III collected $800 million in a final close in September 2011.

MacDonald to take position as Rutgers investment director MacDonald oversaw NJ’s private markets portfolio since 2011 PE portfolio expanded by 40 pct under his watch New Jersey Division of Investment private equity chief Jason MacDonald is leaving the state’s treasury department to be the first investment director of Rutgers University’s $1 billion endowment. MacDonald joined the […]

Former Pinebridge secondaries head Lambert joins Altamar Will open and run New York office for Madrid firm Altamar makes primary, secondary and co-investments Harvey Lambert, former head of secondaries at Pinebridge, is joining Madrid-based Altamar Capital Partners to open a New York office and help expand the firm’s presence in the United States. He left Pinebridge in […]

Comparisons with public market businesses, previous LBOs pose challenges “It’s really tough for the SEC to make hay,” says one compliance attorney Bowden previously brought up valuations in “Sunshine” speech Questions about how firms value portfolio companies continue to crop up in Securities and Exchange Commission examinations of private equity firms, multiple sources told Buyouts. Firms […]

Bain Capital stands to at least triple its money with the sale of Blue Coat Inc. Symantec said on June 12 that it agreed to buy Blue Coat in a deal valued at $4.65 billion. The deal calls for Bain Capital, the seller, to invest $750 million in convertible notes. Silver Lake also agreed to provide $500 million in […]

Palladium Equity Partners, the New York firm founded in 1997 by Marcos Rodriguez, rang up an IRR of 20.4 percent for New York City Public Employees’ Retirement System as of Dec 31, 2014, according to the pension fund. That’s ahead of the top quartile threshold of 11.7 percent and the median of 8 percent for […]

Silver Lake can only collect accelerated fees if it meets one of two criteria Fee must benefit LPs, or not hurt LPs because of an equivalent offset Policy appears to be first of its kind Silver Lake adopted a policy governing its use of accelerated monitoring fees that appears to be a first of its kind in the […]