David Toll
Prophet Equity, a Southlake, Texas-based buyout shop that specializes in lighting a fire underneath under-performers, has buttoned up $255.6 million in a first close of its second lower-mid-market fund.
U.S. sponsors took advantage of distribution-happy limited partners to jump to the fastest fundraising start since 2008.
Buyouts sat down on March 20 for a Q&A with Ken Mehlman, who was elected chairman of the Private Equity Growth Capital Council late last year. We met at the offices of PEGCC founding member Kohlberg Kravis Roberts & Co, the diversified buyout shop where Mehlman is a member and global head of public affairs.
Ever notice how sponsors tend to score big distributions just before or while they are raising a fund? Ever wonder if they may be thinking more about impressing prospective investors than they are about maximizing value of the portfolio company? Well, academics have been pondering the same questions.
With academics now in rousing agreement that private equity firms outperform public equity markets over long periods of time, the race is on to understand how they do it and with what degree of risk for their investors.
Buyouts sat down on March 20 for a Q&A with Ken Mehlman, who was elected chairman of the Private Equity Growth Capital Council late last year. We met at the offices of PEGCC founding member Kohlberg Kravis Roberts & Co, the diversified buyout shop where Mehlman is a member and global head of public affairs.
Congratulations to this year’s winners of the Buyouts Deal of the Year awards!
Sun Capital Partners is no stranger to restaurant turnarounds, having dug into such companies as Friendly’s and Boston Market. And its experience showed with the rapid revitalization of a sagging seafood chain called Captain D’s Seafood Restaurant.
Being patient for the right assets to come along, and knowing how to fully exploit them: These two qualities went a long way toward Oak Hill Capital Partners winning its Large Market Deal of the Year award for the creation, ownership and sale of Local TV Holdings LLC.
Ordinarily you have to be a limited partner to serve on the advisory board of New Enterprise Associates. But Tom Judge continued on even after he left AT&T Investment Management Corp, where he managed the private equity portfolio from 1980 to 1995.