Joseph Weitemeyer
As fundraising continues to trend up, so too do the salaries and bonuses of the people who are responsible for the boom. Partners and non-partners alike saw sizeable increases in salary and bonuses, continuing a trend going back to 2010, according to the 2019-2020 Holt-MM&K-Buyouts PE/VC Compensation Report.
they collectively raised more than $1 billion for the second consecutive roundup period.
As we reach the fourth quarter of 2019, emerging private equity fund managers begin to ramp up their fundraising. Nine emerging managers—nearly twice as many as the last fundraising period—raised $1.2 billion from Sept. 11 through Sept. 24, according to Buyouts data. Year to date, new managers have raised a combined $43.3 billion, according to […]
While U.S.-based fundraising continues to soar from 2018 to 2019, fewer emerging buyout and venture capital managers are contributing to the frenzy, according to the Emerging Manager Survey, published by Buyouts Insider in partnership with Gen II Fund Services, LLC. Fifty-eight percent of fund managers said they are in market with a fund, a strong […]
The number of months spent to raise a fund has increased over the past year for emerging managers, according to the Emerging Manager Report. The average and median number of months spent fundraising by emerging managers continues to float around 10, but the upper quartile show some managers needing 22 months to raise their fund.
The exit market skyrocketed in the third quarter, bucking a downward trend for 2019. This was the first quarter of the year to see a value higher than the previous quarter. All told, sponsors in the second quarter of 2019 closed 134 deals for a value of $48.7 billion, Thomson Reuters data showed. Despite having […]
PRIVATE EQUITY FIRMS Blackstone Group named Raymond Chan as a managing director on the portfolio management and investment research team. In his new role Chan will be a portfolio manager for Blackstone Alternative Asset Management’s registered funds platform. Chan previously worked at Goldman Sachs. H.I.G. Capital named Stefano Giambelli and Tobias Borkowski as principal and […]
It has been a stellar year for U.S.-based buyout and mezzanine fundraising, which added another $7 billion to its year-to-date total since the last issue of Buyouts. Firms this year have now amassed $245.6 billion, which eclipses 2018’s year-end total, with three full months of fundraising still to go. A big reason for this year’s […]
Most deal activity during June 1 through Aug. 31 has previously occurred in the high technology sector, according to Thomson One, but real estate had a higher value in 2019. That marks the second time over the past five years real estate did so.
PRIVATE EQUITY FIRMS Drew Brees, quarterback for the New Orleans Saints as well as a multi-unit operator of Jimmy John’s and Walk On’s Bistreaux & Bar locations and a partner of Title Boxing Club, joined the growth equity firm Franworth as a partner and a member of its board. IVP added three to its investment […]