Eamon Murphy
After historic Q2, PE fundraising total drops to $95 bln Ninth Apollo buyout fund represents a quarter of total $338 bln raised in ’17 so far; record is 2007’s $415 bln Private equity has been eyeing the annual fundraising record this year, but Q3 looks to be a stumbling block on 2017’s path to potential glory. Research […]
Brand-name managers that have raised lots of capital are most popular 35 most sought-after funds had 62 buyers on average In-demand managers’ funds posted an average IRR of 16.62 pct Blackstone Group’s family of buyout funds is the most popular on the secondary market, maintaining its top position year-over-year in intermediary Setter Capital’s ranking of the 35 […]
Argues for critical importance of benchmarking to operations team Favors public market equivalent technique, specifically Direct Alpha method PME benchmarking now part of Backstop’s portfolio management platform The title of a recent white paper by Ben Crawford throws down a gauntlet to GPs and LPs: “Every Institutional Operations Team Needs to Be Better at Benchmarking […]
Specializes in valuation, using iLEVEL to access clients’ portfolio monitoring systems Has expertise in valuing management companies, with GP stake sales on the rise Defends against SEC deficiency letters concerning valuation procedures Right out of college, Michael Athanason went to work in the oil business — not in an office in Houston but out on […]
CalPERS reportedly in talks with BlackRock to manage $26.2 bln portfolio Could require months-long process, given requirement for public entities Board member: we weren’t informed, learned about it from news reports Could the world’s biggest asset manager be the solution to the private equity difficulties of the nation’s largest pension fund? California Public Employees’ Retirement System is at least entertaining […]
CalPERS reportedly in talks with BlackRock to manage $26.2 bln portfolio Could require months-long process, given requirement for public entities Board member: we weren’t informed, learned about it from news reports Could the world’s biggest asset manager be the solution to the private equity difficulties of the nation’s largest pension fund? California Public Employees’ Retirement System is at least […]
Trilantic acquired Traeger with CEO Andrus in 2014 Ontario Teachers partners with AEA; Trilantic and Andrus to reinvest Traeger launched Timberline WiFi-enabled wood-pellet grill Jeremy Andrus previously led a maker of colorful headphones to a $550 million IPO. Now, alongside several private equity players, Skullcandy’s former CEO is betting that WiFi-connected grills are the future of backyard barbecue. […]
Investment at highest since EMPEA began reporting in 2008 Largest-ever EM fund, KKR Asian Fund III, closed in June Investors increasingly turn from generalists to sector-specific funds The first six months of 2017 were busy for private capital in emerging markets. Data from the Emerging Markets Private Equity Association shows $22 billion in disclosed deals in […]
Leads dedicated healthcare transaction team Competition from strategics leads PE to target companies earlier Diligence includes patient demographics, claims data, revenue cycle assessment Underlying the feverish healthcare activity these days are three imperatives, according to John Brock: “a need for cutting costs out of the system, improving the quality of outcomes and improving overall patient […]
U.S. large and mega buyout funds show imbalance between capital raised and deployed GPs buying smaller, cheaper add-ons or looking to “secondary LBOs” LPs should select differentiated strategies like complex situations or corporate carve-outs Private equity’s assets under management reached $2.48 trillion in 2016, a more than tripling from the year 2000. And that figure doesn’t capture […]