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Smith: “Make them overpay” Vista invests more in product development than Lockheed, Smith says Software specialist nets top-quartile returns Vista Equity Partners is sick of “tourist” generalist funds crowding into the enterprise software sector, and the firm is not afraid to price them out of the market. In a December 2 keynote talk at PartnerConnect […]

SEC examines exempt firms fingered for bad behavior Exempt firms not coming under routine examination cycle Exempt firms get on SEC radar usually through tips Private equity firms exempt from registering with the SEC can rest easy: The SEC has not suddenly decided to examine you. A recent speech by Marc Wyatt, director of the SEC’s […]

Some 33 private equity-backed companies, with a total of more than $91.3 billion in affected debt, appeared on the Standard & Poor’s “weakest links” report from November 6. That marks the highest combined affected debt in more than four years for portfolio companies on the monthly list, which highlights companies most at risk of default. […]

Rather than a traditional fundraise, you might say Warburg Pincus spent a few months arranging limited partner allocations to its latest flagship fund like a jigsaw puzzle. The requested commitment size of every LP in the fund, which recently closed with $12 billion in external commitments, was “cut back,” according to a person with knowledge […]

PetSmart leads the pack as the largest buyout in the southwest High tech, industrials and energy top deal sectors Lone Star Funds was top fundraiser in the region Low oil prices cast a chill over the Southwest deal-making this year, but sponsors say the market is starting to heat up again. The region accounted for 234 of […]

Tracey McVicar, recently installed as head of CAI Capital Management, is overseeing a period of change at the Canadian private equity firm, including the launch of a new fund and CAI’s first platform investment since 2013. This month the firm announced the initial close of Firethorn Capital Partners LP and its debut investment in a Canadian maker of women's clothing.

Firm buys Mikawaya, Covercraft, Better Life Technology Guy Zaczepinski promoted to managing partner Some LPs exited Fund II last year in secondary deal Century Park Capital Partners is talking to LPs about launching its third middle-market buyout fund on the heels of four quick acquisitions and last year’s recapitalization of Fund II, according to a market […]

Permira eyes 6 bln – 7 bln euros for Fund VI Expects to launch fundraising in first quarter Fund V over 60 pct deployed Permira plans to bring its sixth flagship fund to market in the first quarter targeting up to 6 billion euros ($6.4 billion) with a 7 billion euros hard cap, according to […]

Firm: Audax Group Fund: Audax Private Equity Fund V Target: $1.75 bln Amount raised: $2.25 bln Audax Group wrapped up fundraising for its fifth private equity fund with $2.25 billion in commitments, above its target, as the Boston-based buyout shop founded in 1999 continued a brisk pace of deal-making. Fund V drew in $1 billion more […]

31% of GPs said their portfolio companies had been hacked 25% of GPs admit to knowingly breaching their firm’s data security policies 50% of LPs/GPs emailed sensitive data to wrong person Nearly one-third, or 31 percent, of GPs admitted their portfolio companies had been hacked in the last three years, according to a report from IAG […]