Joseph Weitemeyer

U.S.-based buyout and mezzanine fundraising continues its surge. Since the last issue of Buyouts, fundraising added $6.8 billion to its YTD total, which now stands at $169.1 billion. Three separate firms raised at least $1.7 billion apiece. Leading the charge was Aquiline Financial Services. The New York-based firm, which focuses on companies within the financial […]

S&P and Moody’s label 71 PE-backed as distressed, up from 40 at end of Q1 Industrials leads list with 13 distressed companies A dozen PE-backed companies are in default, up from seven at end of Q1 The number of PE-backed companies with distressed credit ratings shot up 77 percent in the past three months — […]

As family office interest in private equity continues to climb, growth-oriented opportunities stand out as the most popular strategy, according to the UBS/Campden Wealth Global Family Office Report 2018. The report found that 72 percent of respondents said growth opportunities are most attractive, followed by venture and real assets (57 percent each) and buyouts (54 […]

Though their interest in private equity continues to grow, family offices tend to be picky when it comes to deal selection. Most of the 311 family offices that participated in the UBS/Campden Wealth Global Family Office Report 2018 make one to five direct or co-investment deals per year.  

PRIVATE EQUITY FIRMS Access Holdings named Steve Chang as a partner and Andy Colmone as a principal. Chang was previously managing director at LLR Partners while Colmone was CFO at SCP Dental Services. Jeff Jacobson joined Siris as an executive partner. Prior to Siris, Jacobson served as CEO of Xerox. Devin Perotti joined Align Capital […]

Fears about a market downturn aren’t dampening public pensions’ desire to commit to funds. Most U.S.-based public pension funds expect to commit to four to nine private equity funds over the next 12 months, according to 500 pensions tracked by Preqin.

Just 84 portfolio companies sold for disclosed value of $8 bln Quarter on par with Q1 2013, when 105 sponsor-backed companies sold for disclosed value of $8.4 bln PE-backed IPOs, including Tradeweb, remain bright spot Sales of sponsor-backed companies hit a six-year low in the second quarter. All told, sponsors sold just 84 portfolio companies for […]

Family offices’ appetite for alternative investments continues to grow. Private equity tops the list, with 61 percent of family offices targeting private equity this year, up from 58 percent in 2016, according to 1,000 family offices tracked by Preqin.

U.S.-based buyout and mezzanine fundraising continues at a strong pace. Since the last issue of Buyouts, fundraising added $21.9 billion to its YTD total, which now stands at $162.3 billion — nearly double the 2018 YTD total. The biggest fundraiser was Advent International, which closed its ninth flagship on $17.5 billion. The fund surpassed its […]

Fundraising continued at a modest pace for emerging managers. Eighteen emerging managers raised more than $1.3 billion from June 5 through June 18, according to Buyouts data. InTandem raised the most. The New York-based firm’s sophomore fund raised $250 million. The firm focuses on companies in healthcare and insurance services. Loyal Valley Capital was second […]