David Toll
Two thirds of institutional investors responding to a recent survey picked the “level of general partner financial commitment to the fund” as the partnership term they focus on most when deciding whether to invest in a fund or to advise a client to do so. Investors like to see a healthy GP commitment because it so neatly […]
Many buyouts and growth equity firms added staff this year, taking advantage of a buoyant fundraising market to bulk up their operations, fundraising and credit teams. The overall pace of industry hiring seems “modestly robust,” said Heather Hammond, managing director-financial services at executive recruiter Russell Reynolds Associates, as firms add mainly to their junior ranks. According to […]
Index measures changes in enterprise value of sponsor-backed companies Index developed by Lincoln Int’l, two U. of Chicago professors Designed for mid-market lenders, sponsors The just-introduced Lincoln Middle Market Index, measuring changes in enterprise value of sponsor-backed companies, grew 23 percent over the 3 1/2 years ended Sept. 30. The index’s ups and downs largely tracked those of […]
Petrichor Healthcare Capital Management LP receives $100 mln anchor investment Petrichor launched for former MD for OrbiMed Advisors Archean Capital Partners is JV between Moelis Asset Management and Veritable LP Petrichor Healthcare Capital Management LP, launched this January by an ex-managing director at OrbiMed Advisors, is the first private equity shop to secure seed funding from Archean […]
Median partner-level salary increase last year was 7 pct Median non-partner-level salary increase in 2016 was 8 pct Partners typically earn well over $300K That investors don’t want fund managers to get wealthy from management fees alone has been a mantra stretching back to the beginnings of the private equity industry. The idea: keep partners […]
Firm: Trivest Partners Fund: Trivest Fund VI Target: $550 mln to $600 mln Amount Raised: $600 mln Placement Agent: Shannon Advisors LLC Trivest Partners, the Coral Gables, Fla.-based firm that has become one of the country’s most prolific buyers of family-owned businesses, has quickly secured $600 million for its sixth core fund. Troy Templeton, managing […]
LPs focus on emerging manager team composition Investment strategy also important to LPs Median number of months to raise emerging fund: 17 Are emerging managers in tune with potential backers when it comes to anticipating what factors are most important to those backers in evaluating their funds? A recent survey by financial publisher Buyouts Insider […]
Fund VI is targeting $750 mln Returning LPs include Connecticut Retirement Plans and Trust Funds New LPs include Partners Group and LGT Group Leeds Equity Partners, buyer and builder of companies in the fields of education, training and information services, has closed on north of $400 million for its sixth core fund, Buyouts has learned. […]
Executives at Blackford Capital like to talk up their Michigan Prosperity Fund, which they have described as a $50 million buyout fund launched in 2012 and earmarked mainly for in-state investments. But the fund isn’t a blind pool in the conventional sense. In fact, the firm has formed individual limited partnerships for each of the nine portfolio […]
Ottawa Avenue Private Capital LLC, an investment arm of the family office of Richard DeVos, father-in-law to U.S. Secretary of Education Betsy DeVos, has raised at least $420 million for two funds in a series of annual co-investment pools, regulatory filings suggest. The Grand Rapids, Michigan, firm, founded in 2015, had assets in Ottawa Avenue Fund 2017 LP valued […]