Eamon Murphy
58 pct of investors expect to lift allocation to U.S. lower-middle-market direct lending AUM among global direct lending managers leaped from 2006 to 2016 6 of 10 largest allocators pension funds and insurers Direct lending continues to grow as an asset class in a persistent low-interest-rate environment, and investors are particularly interested in the lower-middle market. […]
Bill provision would exempt GPs from SEC registration Firms may not want to deregister in light of LP expectations Dodd-Frank overhaul faces long odds in the Senate, could be broken up The House of Representatives on June 8 passed the Financial CHOICE Act, vindicating a years-long effort by Financial Services Chairman Jeb Hensarling (R-Texas) to dismantle […]
Stresses importance of waterways, against Ohio River backdrop Praises Saudi King Salman, Blackstone’s infra-investing partner Repeated call for $1 tln total, with at least $200 bln of federal money President Donald Trump, speaking in Cincinnati, outlined his vision for an infrastructure overhaul, including at least $200 billion of direct federal spending. He repeated his call for generating a […]
Both companies supply tubular parts to automotive OEMs Combined entity will be based in North America Turbocharged engines, advanced materials will drive growth Ardian’s North America direct buyouts team agreed to acquire Dynamic Technologies, a global supplier of tubular components and precision aluminum parts to the automotive industry. The firm will merge DT, based in […]
House is back in session Tuesday June 6, will vote that week Bill to overhaul Dodd Frank cleared the Financial Services Committee in early May CHOICE Act would exempt PE firms from having to register with the SEC The Financial CHOICE Act, including a provision that would exempt private equity firms from registering as financial […]
Ran business development at Sterling Partners PR firm targets trade publications and industry owners/operators Believes touting most recent transaction is the best way to drum up deal flow “Fund Lab is really born out of my personal experience in the private equity space,” said Brandon Labrum, formerly of Sterling Partners. “Most PR firms aren’t necessarily built […]
Klimczak worked on power projects in Blackstone PE group Fund seeded with $20 bln from Saudi; targets $40 bln Fund to write checks of more than $1 bln; no sector limit Blackstone Group named Sean Klimczak head of its $40 billion infrastructure fund, a spokesman for the firm confirmed. Klimczak, 40, has been with Blackstone since 2005, […]
Harbour bought Pearlman in 2006 Stephens exec had worked on Pearlman investment at Harbour Pearlman develops and distributes branded abrasives A personnel connection helped Stephens Group, the Little Rock, Arkansas, family office, in its bid to buy Pearlman Group. Stephens on May 16 said it finalized its buy of Pearlman Enterprises, the Norcross, Georgia, developer and distributor […]
Jason Van Dussen traces his interest in finance back to a bargain bin in a Midwestern mall. Home from Michigan State, in a small town west of Grand Rapids called Nunica, Van Dussen went on a shopping trip with his mom. “They had paperback books for sale for a dollar,” he recalled, and one in […]
Document stays “strategically silent” on points of difficulty 15 pct pass-through rate might not apply to trading or investment income Territorial system could benefit strategic buyers The tax-reform document the Trump administration released last week was short on details, weighing in at one sparsely worded page. “Half of it isn’t even substantive,” said tax attorney Gary […]