Joseph Weitemeyer

U.S.-based buyout and mezzanine fundraising wasted no time in shaking off the summer rust. Since the last issue of Buyouts, fundraising added $10.8 billion to its year-to-date total, which is now at $238.6 billion— more than $100 million more than this time last year. Vista Equity led the charge, adding another $4.6 billion to its […]

Summer is a relatively quiet time for deals, but in 2019 the total value of deals from June 1 through Aug. 31 failed to eclipse the previous year for the first time since 2015, according to Thomson One. Though 2018 was a substantially high year, 2019 brought in the lowest recorded deal value of the […]

Emerging private equity fund managers must have taken an extra summer vacation. Just five emerging managers raised $848 million from Aug. 28 through Sept. 10, according to Buyouts data, nearly $1 billion less than the prior fundraising period. This period also saw the fewest funds in market this year. Year to date, new managers have […]

The summer slowdown has finally caught up to U.S.-based buyout and mezzanine fundraising. Since the last issue of Buyouts, fundraising added only $1.8 billion to its year-to-date total, which is now at $227.8 billion. 2019 still outpaces 2018 by a far margin. EW Healthcare outraised all firms, closing its second growth equity fund at $745 […]

PRIVATE EQUITY FIRMS LFM Capital appointed Conner Harris as a director. Harris previously worked at The Riverside Company’s Dallas office where he was vice president for the firm’s flagship capital appreciation fund. Paine Schwartz Partners named Renata Dinkelmann as director of human capital. Dinklemann is the former head of global executive recruiting at Kraft Heinz. […]

Investor appetite for emerging managers seems to be growing. Both the average and median for all investors increased from 2018 to 2019, according to the Emerging Manager Survey, published by Buyouts Insider in partnership with Gen II Fund Services. Small investors, those that commit less than $100 million per year to private equity and venture […]

The number of investors willing to make an anchor commitment increased, from 64 percent in 2018 to 76 percent in 2019, according to the Emerging Manager Survey. What hasn’t changed is what they expect in return: 78 percent of investors said they would seek discounted management fees for an anchor commitment.  

Emerging private equity fund managers appear unaffected by the summer lull. Nine emerging managers raised $1.8 billion from Aug. 14 through Aug. 27, according to Buyouts data. That’s up from the previous roundup period, in which managers raised just over $1 billion. Year to date, new managers have raised a combined $41.3 billion, according to […]

The number of worldwide private equity funds to hit the market has been increasing over time, and has almost reached 4,000 funds at the start of Q3 2019, according to Preqin’s Quarterly Update: Private Equity & Venture Capital Q2 2019. North America and Asia are the most attractive fundraising markets, with more than 1,500 funds […]

PRIVATE EQUITY FIRMS Ares Management hired Joel Holsinger as co-head of alternative credit. Holsinger previously was a partner with Fortress Investment Group where he was a member of the management committee and the investment committee for the credit funds. Before, he was a founding partner at Atalaya Capital Management. Greylock Partners named Saam Motamedi a […]