Eamon Murphy
Before Jeff Warren joined executive-search firm Russell Reynolds Associates, he spent four years doing acquisitions and finance at a KKR portfolio company, KSL Recreation. “I’ve sat on the other side of the table from private equity owners in board meetings and presentations around ‘How do we grow the business?’” Warren said. “I think that perspective […]
Target amount for life sciences fund is unclear Themes: inflection capital, growth capital, fallen angels, larger PE Team: Adam Koppel, Jeffrey Schwartz, Ricky Sun Bain Capital is raising money for Bain Capital Life Sciences Fund LP, a regulatory filing shows. The document does not say how much the fund is targeting. According to a website created for the business, baincapitallifesciences.com, […]
As a principal in Goldberg Kohn’s Commercial Finance Group, Maria McGuire has been watching for signs of a second tech bubble. “I’ve done a lot, probably the most of anyone in our group, of technology deals,” McGuire said. “When I talk to clients in this area, they have not had a lot of workouts or […]
Patricof says carried interest should be taxed as ordinary income ‘in the interest of fairness’ Agrees with Qualified Small Business Stock exclusion Veteran investor Alan Patricof bucked the National Venture Capital Association at an event the group co-sponsored, opposing taxation of carried interest at the capital-gains rate. A conversation between Patricof, 81, and NVCA President […]
Back when he was an M&A attorney, Paul Koenig had a client who volunteered to serve as shareholder representative. It’s a role that’s often difficult to fill, requiring years of work and potential headaches. “He originally asked, ‘Can your law firm do it?’” Koenig said. “And for a whole host of reasons, a law firm […]
Backstop Solutions Group only recently expanded its cloud-based portfolio monitoring software into private equity, but according to Adam Pinkert, that’s the optimal application for the product. “A hedge fund, they buy or short a stock, then they just monitor it,” Pinkert said. On a private equity investment there could be consultants, lenders, maybe new management. […]
One of Ron Hopkinson’s first clients was Carlyle Group, working on its 1992 acquisition of LTV Corp’s aerospace business. “I kind of grew up with that from a very young age,” he said, “at least as a lawyer.” Now the big buyout shops “find themselves sometimes at a disadvantage,” Hopkinson, a partner at Cooley LLP, said. […]
In July, financial-services firm Citco Group of Cos announced a new business, Citco Capital Solutions, focused on arranging debt and equity capital for sponsors and investors in alternative assets. Leading the effort is Michael Peterson, formerly Citco’s head of capital markets. “The reality of why we got into this business goes back many years, 10-plus […]
Beth Wiener joined Marcum LLP in 1995, a year or two before the firm took on its first private equity project. “We got in the industry at the right time,” she said. “The late ’90s was really when funds were taking off.” It was also the client’s first fund. Wiener, who has an auditing background, recalled […]
Advocacy group nudges SEC for more action on broker-dealer registration Any changes should go through public comment, says critic Managers aren’t brokers, says lobby group A coalition of advocacy groups is working to keep alive a controversy that private equity firms might have hoped was put to rest. In an open letter to the Securities and […]