piotrk

Competition between asset classes is heating up as investors increase allocations to private equity, eroding market share away from hedge funds, according to Ernst & Young’s 2019 Global Alternative Fund Survey. Investors said 25 percent of their assets under management (AUM) are allocated to private equity this year, up from 18 percent in 2018, according […]

Only two years into its investment, Kohlberg & Co is evaluating the sale of SpecialtyCare, an outsourced provider of intraoperative neuromonitoring and other operating room services, according to four sources. The sales process is being conducted by Harris Williams, two of the people said. The auction is well underway, with bids from private equity firms […]

New Mexico Educational Retirement Board at its November meeting backed a fund from AE Industrial Partners and a co-investment vehicle from Cloverlay, the system’s Chief Investment Officer, Bob Jacksha, told Buyouts in an email. The system committed $150 million to AE Industrial Aerospace Aggregator fund, which focuses on manufacturing, industrials, business services and transportation in the aerospace industry. […]

The primary industry from which families generated their wealth was finance and insurance, making up 21 percent, according to The Global Family Report 2019. Manufacturing, at 16 percent, and real estate, at 14 percent, round out the top three and are the only three that make up more than 10 percent.  

The average family wealth of those surveyed in The Global Family Office Report 2019 published by UBS and Campden Research stands at $1.2 billion, far above the average family office AUM. Families managed by single-family offices have an average net worth of $1.3 billion, $420 million higher than their multi-family office contemporaries.

U.S.-based buyout and mezzanine fundraising keeps surging forward. Since the last issue of Buyouts, fund managers added $5.4 billion to its year-to-date total, now at more than $274.9 billion. Platinum Equity led the recent charge. The firm, founded by Tom Gores, raised an additional $2.2 billion to its fifth fund, which has now amassed more […]

PRIVATE EQUITY FIRMS KKR named new leadership for its private equity businesses: Pete Stavros and Nate Taylor were promoted to co-lead the business in America; Mattia Caprioli and Philipp Freise will co-lead the business in Europe; Hiro Hirano and Ashish Shastry will co-lead the business in Asia-Pacific. New Enterprise Associates promoted Ed Mathers to general partner […]

Virginia Retirement System backed private equity funds from Veritas Capital and Leonard Green & Partners at its Nov. 13 meeting, according to Jeanne Chenault, the system’s public relations director. The system committed $200 million to Veritas Capital Fund VII, a mega-buyout fund that invests in technology companies that work with government-related and customers. The fund raised […]

Teachers’ Retirement System of Louisiana at its November meeting committed $125 million to private equity funds from J.F. Lehman & Company and Insight Partners, according to Lisa Honoré, the system’s executive liaison officer. The system invested up to $50 million to JFL Equity Investors V. The fund is targeting $1 billion and focuses on the industrials and transportation […]

Alpine Investors will focus on carve-outs and add-on acquisitions with its new fund, founder and CEO Graham Weaver told Buyouts. The San-Francisco firm closed its latest fund, Alpine VII, on a hard-cap of $1 billion, exceeding its $750 million target, the firm announced on Nov. 14. For the first time, investors from Europe and Asia […]