David Toll
Aresnal Capital, the New York mid-market shop, this week closed the acquisition of Certara, a supplier of model-based software to biopharmaceutical companies for drug development and data analytics. Terms were not disclosed.
A recent survey of limited partners has mixed news for general partners heading back to the well for fresh commitments in 2014, with many investors saying they have a strong appetite for U.S. buyout funds but little interest in evaluating new relationships with sponsors. Nearly two-thirds of respondents (62 percent) said they “plan to focus […]
Investors trying to decide which funds to back are putting more emphasis on realized returns, and deploying new tools to understand just how much sponsors beat or fall short of public equity benchmarks, according to interviews with advisers, sponsors, academics and vendors.
As partnership terms arguably become more standardized, both general and limited partners would be well-served to pay attention to areas where industry practice remains all over the map—and fund expenses is a prime example.
One of the biggest headaches for general partners during fundraising is having to contend with dozens of separate information requests from prospective investors. The Institutional Limited Partners Association may have a solution.
Starting with the second-quarter edition of its private equity index and benchmarks report, adviser Cambridge Associates published numbers that let investors compare the performance of private equity with public stock indices over a variety of time periods. Now rival Capital Dynamics says the calculation behind those numbers infringes one of its patents.
A study of merger, stock purchase and asset purchase agreements from mid-2012 to mid-2013 finds something for both bidders and targets to like in the evolution of a key term that gives bidders the right, under certain conditions, to walk away from a deal without penalty. In its latest study of the material adverse change […]
Wondering what’s hot with institutional investors? Keep an eye on what products advisers are creating for them. And right now at least two are in the market with energy funds of funds.
A recent study of 19 sectors of the U.S. economy by ratings agency Standard & Poor’s found that consumer-reliant companies “arguably experienced” the most stress over the last three decades, as measured by defaults, while financial and utility companies held up relatively well.
Greg Case, a former senior partner of Apax Partners, and Paul Winn, who earlier in his career spent 20 years at IBM in a variety of senior operating roles, have teamed up to form a growth equity and buyout shop focused on investments in enterprise software and related technology companies. Case sent an announcement of […]