Brad Meikle
The California Public Employees’ Retirement System reports in its latest annual performance review that its private equity portfolio has lagged its public-equities-based benchmark over the last 10 years. An analysis of the portfolio by data provider Bison using a proprietary calculation provides clues as to why.
The deal activity of Brookfield Asset Management’s private equity group took several directions in 2014, but it appears to be mostly focus on North America’s energy industry, such as its purchase of distressed debt in power company Energy Future Holdings.
A high-profile $2.02 billion leveraged loan for private equity-backed Tibco Software is the latest U.S. buyout deal that has been forced to add expensive perks to attract buyers as risk-averse investors hold out for better terms amid a market correction.
PRIVATE EQUITY FIRMS Toronto-based Caledon Capital Management has recruited Stephen Dowd as a partner. Previously, Dowd worked at Ontario Teachers’ Pension Plan where he served as senior vice president. CVC Capital has hired Tomas Ekman as a partner in its Stockholm office. Previously, Ekman worked at 3i where he served as a partner and managing […]
W Capital Partners, one of some 45 private equity firms to host a table at ACG New York’s packed wine-tasting event earlier this month in New York City, raised the bar on promotional acuity in its selection of bottles to serve. The wines echo the kind of investing it does.
Buyout firms KKR & Co LP and Clayton, Dubilier & Rice LLC have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter told Reuters news service, as the auction for the pet food retailer heats up.
Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, people familiar with the matter told Reuters news service.
Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros ($8.8 billion) to buy the Portuguese operating business of Portugal Telecom from Brazil’s Oi, rivalling last week’s offer from telecoms group Altice, news service Reuters reported.
CalPERS committed 350 million euros ($434.7 million) to Bridgepoint Europe V in September, according to November investment committee meeting materials.
Vista Equity Partners has worked in an unusual clause in its contracts with private equity fund investors that gives it more financing flexibility and a leg up in leveraged buyouts, but also carries more risks for it and its investors, people familiar with the matter told Reuters news service.