David Toll
Jamie Ebersole has stepped down as a managing director of funds-of-funds manager SL Capital Partners to launch his own advisory shop, Buyouts Magazine has learned.
Thomson Reuters has struck a deal with consulting firm Cambridge Associates to provide the latter’s private equity benchmarking data to subscribers of Thomson Reuters Eikon, the company’s flagship news, data, analytics and trading service for financial executives.
Some people have the good fortune to spend their careers turning that most cynical of chestnuts — ”life is not fair” — on its head.
A late February article by Bloomberg News said that regulators were considering an exemption for private equity shops from a requirement that they would have to register as broker-dealers to the extent they collected deal fees from portfolio companies. The story quoted a “person with knowledge of the matter” without naming the source.
Direct investments by two of the world’s largest pension funds have generated strong returns, suggesting that a recent Harvard Business School paper showing that directs do no better than fund investments won’t end debate on the question.
Alvarez & Marsal Capital Partners, a Greenwich, Connecticut-based buyout shop closely aligned with restructuring shop Alvarez & Marsal, has beaten the $500 million target on its debut fund with a $600 million fundraise.
Direct investments by two of the world’s largest pension funds have generated strong returns, suggesting that a recent Harvard Business School paper showing that directs do no better than fund investments won’t end debate on the question. Over the last 10 years, direct investments in private equity deals, including solo investments and co-investments alongside sponsors, […]
Leon Black, chairman and CEO of mega-firm Apollo Global Management, was widely quoted last April saying at the Milken Institute Global Conference that the firm was “selling everything that’s not nailed down.” But that doesn’t mean the executive hasn’t seen opportunities to invest in energy, corporate carveouts, non-performing loans in Europe and overleveraged companies in India.
Institutional investors with the biggest private equity programs do a more comprehensive job of evaluating potential sponsors, a survey-based discussion paper finds, and they use different criteria than investors with smaller programs.
As lenders, co-investors and limited partners, a number of insurance companies are placing big bets on the high-risk, high-reward middle market.