Joseph Weitemeyer
Investors may press GPs to put more money into their own funds to better align the interests of LPs and GPs. According to the 2018-2019 PE/VC Partnership Agreements Study, investors would like to see a 2 percent GP commitment become the new standard and 5 percent for established firms.
University of Texas/Texas A&M Investment Management Co received more than $471.6 million in distributions from private equity funds from 2015. That year, the pension fund made its largest commitment to PE on record. Half that distribution ($237.3 million) came from Asian and South Asian funds. All told, UTIMCO in 2015 committed more than $2.8 billion to […]
U.S.-based buyout and mezzanine fundraising continued its strong finish to 2018, adding more than $18 billion since the last issue of Buyouts. The YTD 2018 total now stands at more than $227 billion and surpassed its YTD 2017 total by $12 billion, or 5.6 percent. Large funds were to thank for the surge. Siris Capital […]
Investment bank Goldman Sachs and law firm Kirkland & Ellis led rival advisers on completed M&A deals through the fourth quarter of 2018, according to league tables from Thomson Reuters. Goldman Sachs dominated most advisers when ranked by deal volume. The investment bank also led or was near the top across most industries, geographic locations […]
Here are the key statistics in private equity fundraising, deals and exits for the fourth quarter of 2018. Download the “Buyouts Insider Q4 2018 Highlights” slide show as a PowerPoint: Buyouts Insider Q4 2018 Highlights UPDATED
Emerging managers raised more than $3.3 billion in the past few weeks. Six private equity firms and one venture capital firm raised over $100 million. Sophomore opportunities funds seemed to be popular among active PE fundraisers. Perceptive Advisors led all money raised, closing its second credit opportunities fund at $675 million. Reverence Capital was just […]
U.S.-based buyout and mezzanine fundraising surged since the last issue of Buyouts, adding more than $26.8 billion to the YTD 2018 total, which crossed the $200 billion threshold as the year comes to a close. The 2018 fundraising surpassed its YTD 2017 total by $7.5 billion, or 3.4 percent. One megafund in particular was responsible […]
After the Q3 M&A exit market was the weakest of the year, the fourth quarter turned out to be the strongest. U.S.-based PE-backed exits posted the highest total value since Q4 2017’s $55.2 billion. All told, sponsors in the fourth quarter closed 123 deals totaling more than $34.6 billion, Thomson Reuters data showed. That compared […]
In the strong fundraising environment, a majority of GPs are getting their funds raised at a normal pace. Only a small percentage of North American buyout and venture funds seek extensions to their fundraising periods, according to the 2018-2019 PE/VC Partnership Agreements Study. Download as an Excel File: Charts of the Week 12.24
Public pensions tracked by Buyouts committed more than $2.3 billion to private equity funds during the fourth quarter of 2018. Florida State Board of Administration led the way, committing the most to private equity in the fourth quarter, according to our tallies. It committed $550 million across three funds: Hellman & Friedman IX, Gallatin Point […]