Joseph Weitemeyer

Teacher Retirement System of Texas brought in more than $125.8 million in capital distributions from its 2016 investments. That year, the pension committed to 22 PE funds, the most within one year. All told, in 2016 Texas TRS committed more than $3.7 billion to PE funds, its largest commitment to PE since 2008. It has […]

U.S.-based buyout and mezzanine fundraising continued to surge, with three funds closing on at least $2 billion since the last issue of Buyouts. The YTD 2019 total sits at $51 billion, nearly double its YTD 2018 total. TPG led the pack with the close of its seventh Asia fund at $4.6 billion. The fund exceeded […]

GP-stakes investors such as Dyal Capital and Petershill Group, backed by more traditional firms like Neuberger Berman and Goldman Sachs, are raising money from well-established PE investors that have been in the industry for decades, according to PitchBook. Most of the capital raised comes from public-pension funds.  

Emerging managers raised $1.6 billion over the past few weeks, continuing a late-winter lull. Four private equity firms and one venture firm raised over $100 million. GreatPoint Ventures outraised all firms with more than $245.6 million for its second innovation fund. The venture firm was founded by entrepreneurs. On the private equity side, Bonaccord wasn’t […]

U.S.-based buyout and mezzanine funds enjoyed a fundraising frenzy since the last issue of Buyouts, nearly tripling the YTD 2019 total to $39.2 billion. Big firms with big funds helped push the 2019 year-to-date tally past the same-time 2018 total by $16.9 billion. Thoma Bravo outraised all active fundraisers, closing its 13th flagship at $12.6 […]

Emerging managers raised $1.7 billion over the past few weeks, the lowest two-week volume of the year. Six PE firms raised over $100 million. No firm raised as much as White Deer Energy.  Its third flagship closed at $557 million and will target middle-market energy companies. London-based DBAY Advisors raised over $244.7 million for its […]

Dealmaking enjoyed a record year in 2018, helped in part by strong middle-market-deal activity. Both deal count and deal value were up from the prior year, and 2018 was the first year in which deal value surpassed $400 billion, according to PitchBook’s Annual U.S. PE Middle Market Report.

Despite its record year, the middle market accounted for only 53 percent of U.S. PE deal value in 2018, lower than the 61 percent in 2017, according to PitchBook. This trend is expected to continue, as the sizes of buyouts and funds rise together.

Ongoing trade tensions with China haven’t appeared to damp excitement about PE in the Asia-Pacific region: 84 percent of respondents in PEI’s Perspectives 2019 Survey said they will be considering the region for investments over the next 12 months.

U.S.-based buyout and mezzanine fundraising swelled since the last issue of Buyouts, adding more than $10 billion to the YTD 2019 total, which stands at $13.5 billion. Despite the surge, fundraising trails the YTD 2018 total by $6.5 billion. Four funds in particular were responsible for the increase, each of which raised more than $1 […]