Joseph Weitemeyer
In the past two weeks, U.S.-based buyout and mezzanine fundraising continued its early-year surge. Since the last issue of Buyouts, fundraising added $9.6 billion to its YTD total, which now stands at $123.2 billion — $58.6 billion more than the 2018 YTD total. Arsenal Capital led the charge. Its fifth fund closed on $2.36 billion, which […]
Most LP commitments this year will come by way of re-ups, according to Preqin. The largest share of commitments, 45 percent, will be a mix of new relationships and re-ups, while only 7 percent of investors plan to make solely new relationships.
Though private equity fundraising continues strong, many investors are proceeding with caution for fears of a looming correction. Most of the 400 investors surveyed in the Preqin Investor Outlook: Alternative Assets, H1 2019 said they would commit to only one fund in the next 12 months.
New Mexico Educational Retirement Board committed more than $474 million across 10 PE funds in 2013. The commitment size and number of PE funds were both second most on the system’s record. NMERB received $179 million in capital distribution from the 10 funds, which included one buyout, one co-investment, two distressed, two growth equity, two […]
Fundraising for emerging managers continued at a slow pace. Fifteen emerging managers raised $1.1 billion from April 24 through May 7, according to Buyouts data. Argonne Capital Partners outraised all firms. The Atlanta-based firm raised $261.3 for its debut parallel fund. It invests in restaurants, retail, automotive service and light industrials. Star America Infrastructure Partners […]
After leading rival advisers in 2018, investment bank Goldman Sachs and law firm Kirkland & Ellis begin 2019 in the lead on completed M&A, according to league tables from Thomson Reuters. Goldman Sachs led most advisers when ranked by deal volume. The investment bank also led or was near the top across most industries, geographic locations […]
Emerging-manager fundraising slowed since the last roundup. Sixteen emerging managers raised $2.3 billion from April 10 through April 23, according to Buyouts data. A venture firm outraised all other firms. Drive Capital raised $558 million across two funds. Its third flagship brought in $307 million while its first overdrive fund raised $250.8 million. Private equity […]
Investors are more cautious with their expectations about their portfolio performances this year compared with last year. Most private equity and venture capital investors expect returns about the same as those of 2018, but more say performance is more likely to be worse than better, according to the 2019 Preqin Global Private Equity & Venture Capital […]
State of Wisconsin Investment Board committed more than $1.5 billion across 28 PE funds in 2015. The dollar figure was the largest the system ever committed to PE. And the number of PE funds was also a system record. All told, SWIB has received more than $147.8 million from its 2015 investments. It had contributed […]
Forty companies started 2019 with room for improvement, most of them from the industrials and retail sectors. These are private-equity-sponsored companies that received distressed ratings, defined as an issuer credit rating of B- or lower with a negative outlook from S&P or a corporate family rating of Caa1 or lower with a negative outlook from Moody’s […]