Eamon Murphy
Founded, sold wireless company, then entered M&A Tech team spun out of Headwaters MB to form boutique Advised Meetup on its recent sale to WeWork In the wireless industry’s early days, Gary Moon started a business based on research he’d done as an engineering student at Stanford. “There were companies making products, but nobody could really […]
US enforcement climate said to have eased SEC actions quieter under Trump, Clayton 73 pct say cybersecurity biggest risk of 2018 More than half of alternative-asset managers say regulatory enforcement is down under the Donald Trump administration, according to a study from fund administration software provider Koger. Two hundred hedge-fund and private-equity executives took part in the online […]
Led by Facebook co-founder Saverin, Bain alum Ganguly Raised $360 mln first fund, targeting $250 mln Backed by Boston Consulting Group For its first fund, technology investment firm B Capital Group set out to raise $250 million in 12 months. Once that was achieved, the partners “decided to top up the fund, which we did in the […]
New GPs raised $26 bln across 226 funds in 2017 Lack of track record, LP re-ups among obstacles 1st-time funds have tended to outperform since 2000 Last year was a blockbuster for private equity fundraising, but emerging managers continued to face challenges: Final closes by first-time funds fell 20 percent from 2016, data provider Preqin reports. That […]
Founded platform for trading private tech stocks New loan program for holders of shares, options Became profitable as exchange for Facebook shares SharesPost, which offers liquidity to shareholders in private companies, has expanded its offerings by launching a non-recourse loan program, enabling shareholders to borrow against their stock and access liquidity without sacrificing the potential upside. This kind of financing […]
4th consecutive year of M&A value over $2.9 trn Median deal size in N. America, Europe up to $40 mln Tech accounts for 17.8 pct of deals, a record high Sponsor-backed M&A accounted for 29.8 percent of the 10,465 deals in 2017, the highest proportion since 2007 (30.3 percent), PitchBook reports. In terms of deal value (31.3 percent), private equity […]
Silicon Valley think tank co-founded by Kurzweil, Diamandis Executive Program teaches how to “think exponentially” Blackstone wants to be industry’s data leader: James Blackstone Group’s private equity team has undergone training at Singularity University, the Silicon Valley think tank dedicated to futuristic technology scenarios, President and COO Tony James said on an earnings call. Speaking with analysts Feb. 1 about […]
$40 bln target for infra fund “very long-term” Schwarzman: “We’ve geared it to the private sector” James: “Ton of targets” even without infra bill Blackstone Group President and COO Tony James expressed confidence that the firm’s infrastructure fund will eventually reach its lofty $40 billion target, despite reports that the first close will come in below $10 […]
Fund II targeting $300 mln Heading toward $350 mln hard cap Firm focuses on small secondaries Kline Hill Partners held a $234 million first close on its second fund, according to a person with knowledge of the situation. Kline Hill Partners Fund II is targeting $300 million, an SEC filing shows. The hard cap is $350 million, Buyouts previously […]
Optimism and enthusiasm at “State of PE” panel Some uncertainty over effects of tax reform Diversity seen as challenging, important for business Executives from several firms described the state of private equity in rosy terms at Harvard Business School’s 24th annual Venture Capital & Private Equity Conference. Diversity, however, remains a challenge in the industry. Erik Brooks, managing partner at […]