Eamon Murphy
Chairman Jay Clayton and Commissioner Michael Piwowar attended Handful of member representative shared positions on regulatory issues ILPA advocated continuing SEC oversight of private equity The Institutional Limited Partners Association and SEC officials met Tuesday to discuss regulation of the private equity industry. Attending were SEC Chairman Jay Clayton, President Donald Trump’s choice to head the agency, and Commissioner […]
Chairman Jay Clayton and Commissioner Michael Piwowar attended Handful of member representative shared positions on regulatory issues ILPA advocated continuing SEC oversight of private equity The Institutional Limited Partners Association and SEC officials met Tuesday to discuss regulation of the private equity industry. Attending were SEC Chairman Jay Clayton, President Donald Trump’s choice to head the agency, and Commissioner Michael Piwowar, a holdover […]
14 NAIC members raised 18 oversubscribed funds in two years Group promotes diverse managers to LPs Emerging managers must educate themselves about market before fundraising Fundraising for emerging managers is “a tale of two cities,” says Robert L. Greene, president and CEO of the National Association of Investment Companies, a network of diverse-owned private equity […]
Buyout funds raised a record $88 bln in Q2 2017 1,001 deals were announced, for a total of $83 bln Dry powder at record $918 bln, could reach $1 tln by year-end Two second-quarter reports from data firm Preqin illuminate the state of private equity: record-setting fundraising but a challenging environment for deploying capital. Two hundred and […]
Blackstone taking less than 15 pct stake First PE deal out of Blackstone Strategic Capital Holdings Latest example of GP minority-stake-sale trend Blackstone Group is buying a slice of private equity firm Leonard Green & Partners, a spokesperson for Blackstone confirmed. The deal, first reported by Bloomberg, is out of Blackstone Strategic Capital Holdings, a fund dedicated to taking minority stakes […]
Use of leverage depends on debt level of each portfolio firm Not seeing inflation in secondaries market Sees a number of large transactions in H2 2017 Benoît Verbrugghe is head of the New York office of Ardian, a fund-of-funds and one of the biggest secondary buyers. Ardian recently sold a significant chunk of its PE portfolio. Why was it […]
Leads PE and VC practice at accounting/tax/advisory firm Tech consulting to enhance access to portfolio company data 10 years in investment banking, left Bear Stearns in 2007 Before becoming a consultant, Jeremy Swan spent 10 years in investment banking, first with Bear Stearns and then with two small boutiques — none of which is still in […]
Warmbier was third-year student in commerce at UVA Was managing director, special situations group, at school’s Alternative Investment Fund Intended to go into investment banking Before he became a pawn in the high-stakes confrontation between Pyongyang and Washington, Otto Warmbier had his sights set on a career in finance. The 22-year-old University of Virginia student died on […]
Bonderman stepped down after remark to fellow Uber director Huffington Next day, news broke that TPG retail investments leader Wheeler will depart TPG to name successor to Bonderman on the board With David Bonderman’s resignation from the board of Uber, TPG faces the challenge of replacing a founding partner in a supervisory role at a portfolio company in […]
Company offers labor-market data to PE firms Useful for companies expanding or facing high turnover Formerly PE-owned, now part of CareerBuilder Economic-software firm Emsi was founded in 2001 “to help community colleges struggling [to] defend their funding,” CFO Timothy van den Broek said. The firm now has entered the private equity space, using data to illuminate decisions […]