Eamon Murphy

First and final close for sixth PE fund on Oct. 31 Fundraising took

Co-leader of corporate and leveraged finance group Regions bought BlackArch in 2015, expanding M&A business Bank now offering buy-side and sell-side advisory Rit Amin says he “started on an engineering path,” coming from a “technically inclined” family, but he soon realized that business and finance were his true interests. Specifically, he wanted to be an investment […]

Almost 80 pct of firms increased base salaries from 2016 Deal teams top hiring/retention priority at 72 pct High turnover in analyst/associate roles Amid boom times for the industry, private capital firms are adding employees and hiking compensation for those below the executive level, according to a new report. Data firm Preqin, in partnership with compensation […]

Limit on bank lending to indebted companies now subject to congressional review More leveraged lending by banks could help sustain high private equity multiples Competition could increase, pressuring pricing and covenants Federal guidance on leveraged lending could be the next Barack Obama-era banking regulation to fall, and the consequences might include “a war of attrition between traditional […]

PE deals in IoT this year worth most since 2013 Focus has shifted from personal gadgets to industrial sectors Machine-learning startups aim to monetize resulting data Hyped for years as a huge opportunity in consumer products and services, the Internet of Things is increasingly being adopted by businesses, lending the category new upside that private […]

Co-head of firm’s investment banking restructuring vertical More than eight years of experience in restructuring Specializes in advising companies and creditor groups in special situations In August, Carl Marks Advisors reached a close on a deal for a power plant just south of the Mexican border, near Ciudad Juarez. The government-owned utility had awarded the project to a Mexican subsidiary […]

First close expected end of Q1 , initial investments to follow Targets listed companies, carve-outs, expansion capital, new build Infrastructure opportunity not dependent on federal legislation Blackstone Group is targeting the end of Q1 2018 for a first close of its infrastructure fund, President Tony James said during earnings calls on Thursday. The fund will start investing shortly […]

Co-founded upstream oil and gas investment firm Partners to develop assets under $100 mln at inception Previously uneconomical deals now feasible Ben Stamets and Josh Batchelor had known each other for around 30 years when they founded Sage Road Capital in 2011. Both grew up in Oklahoma City, and “through a series of coincidences we ended up as […]

Most respondents are independent sponsors 5+ years Lack of a fund creates challenges but strategic flexibility 43 pct got into business to do deals, 10 pct to eventually raise a fund With independent sponsors growing in number and respectability, accounting firm Citrin Cooperman recently conducted what it says is the first wide survey of the […]

Led by TPG Growth’s Bill McGlashan, Jeff Skoll and Bono TPG employees to add more capital before final close Partners Bridgespan Group and KPMG to track social outcomes TPG’s impact-investing arm, Rise Fund, hit its hard cap of $2 billion, a person familiar with the situation confirmed. The news was first reported by Bloomberg. Led by Bill […]