Joseph Weitemeyer
New Jersey Division of Investment in 2012 made 12 investments in PE, the most it made since 2008. It spread those investments over six PE strategies: co-investments, distressed debt, domestic midmarket buyouts, large buyouts, special situations and venture capital. All told, NJDOI committed $1.6 billion to PE in 2012, also the most since 2008. It has […]
The fundraising frenzy couldn’t last forever. U.S.-based buyout and mezzanine fundraising drastically slowed. Since the last issue of Buyouts, fundraising added $1.3 billion to its YTD total, which now stands at $140 billion — $61 billion more than the 2018 YTD total. Proterra Investment Partners outraised all firms. Its sustainable agricultural fund raised more than $303 […]
The survival of an independent sponsor relies on the firm’s ability to complete a deal. But 2018 was not a busy deal-making year, according to Buyouts Insider’s Guide to Independent SponsorS, 2nd Edition. A majority of the firms surveyed did not make an acquisition.
Independent sponsors rely on receiving profits of a transaction, which is why so much focus goes into dealmaking as opposed to fundraising. According to the Guide to Independent Sponsors, two-thirds (67 percent) of independent sponsors calculate their closing fee by a percentage of the transaction value.
It was a slower fundraising period for emerging managers: 17 of them raised more than $1.4 billion from May 22 through June 5, according to Buyouts data. GenNx360 led all firms. The New York firm’s third fund raised more than $298 million of a targeted $800 million. The fund will target industrial and business services […]
New York City Fire Pension Fund received $251.8 million in capital distributions from its PE investments in 2008, the most in distributions on file. That year, the pension invested across 29 PE funds, also a record. All told, NYCFP committed $194.7 million. It contributed $222.2 million in capital and received $251.8 million in distribution as […]
U.S.-based buyout and mezzanine fundraising received another big boost thanks to two megafunds. Since the last issue of Buyouts, fundraising added $15.9 billion to its YTD total, which now stands at $139.1 billion. TA Associates led the charge. The firm’s 13th fund closed on its hard cap of $8.5 billion. The fund was oversubscribed and […]
Traditional LP portfolios led secondary-deal volume last year, but GP-led deals took a large chunk of market share, UBS data shows. Meanwhile, middle-market and megabuyout were the most heavily traded funds, according to the survey.
The main driver behind a record-breaking year for secondary transactions in 2018 was PE. The $67 billion volume was an increase of 46 percent, according to UBS’s 2019 Secondary Market Survey and Outlook. Infrastructure and real estate transactions decreased from 2017 to 2018.
Call it a fundraising frenzy. 22 emerging managers raised more than $9.4 billion from May 8 through May 22, according to Buyouts data. BDT Capital was most responsible for the surge. The firm, founded by former Goldman Sachs banker Byron Trott, raised $6.3 billion for its third fund. The Chicago firm is reported to target […]