piotrk
Adam Willis serves as a managing director at Madison Capital Funding, where he heads up the lender’s healthcare efforts and leads a dedicated team. Madison, with more than $8 billion in assets under management, is distinguished by its stable base of capital. The Chicago group is the mid-market lending subsidiary of life insurer New York […]
A high-price environment hasn’t stopped traditional private equity firms from finding new investments, with sponsor-led dealmaking in tech fueling a steady rise in both the number of closed transactions and disclosed dollar volume in the second quarter. “Yes, multiples are high,” said Nehal Raj, who leads investments in the tech arena for both TPG Capital […]
Cirtec Medical Systems’ revenue and EBITDA both grew about fourfold during Century Park Capital Partners’ more than 6 1/2-year investment, Chip Roellig, a managing partner at the El Segundo, California, private equity firm, told Buyouts. Century Park, alongside minority investor Charter Oak Equity, have concluded what Roellig described as a targeted Piper Jaffray-run sales process […]
Sales of minority stakes by general partners almost always cause PE firms to lose an element of control, according to Maurice Gordon, managing director and head of private equity for Guardian Insurance Co of America. Gordon, speaking at PartnerConnect Midwest in Chicago on June 28, suggested that managers almost can’t avoid being pressured by firms buying […]
Envision Healthcare Corp.‘s process to divest its medical-transportation unit is advancing toward what could ultimately produce a deal worth well over $2 billion. First-round proposals for the Envision subsidiary known as AMR, or American Medical Response, were submitted last week, Buyouts has learned. Financial sponsors and two PE-backed air-medical-transportation platforms — American Securities LLC’s Air Methods and […]
Andrew Lindner is a co-founder and managing partner of Frontier Capital, where he helps lead the Charlotte, N.C., firm’s healthcare IT and vertical SaaS investment activities. Regardless of how the Affordable Care Act is (or isn’t) tweaked, the continuation of employer-sponsored healthcare has created new opportunities for the PE community. Frontier intends to join in, […]
First-quarter sponsor-led deal flow illustrated that differentiation is more important than ever, as the pool of buyers chasing quality assets continues to expand and valuations remain at record levels. “In this expensive market, being able to go up in size gives you an advantage,” Prakash Melwani, chief investment officer of the private equity group at […]
Almost a quarter of endowments, foundations have no hedge fund holdings Institutions leave amid concerns with fees, underperformance “People may be taking some money off the table,” says NEPC’s Kristin Reynolds Almost 30 percent of endowments and foundations have slashed their hedge fund allocations or plan to do so, a survey by consultant NEPC says. More than […]
Five years since the account was formed, Apollo returning 1.03x KKR netting 12.46 pct IRR as of Dec. 31 TRS spokesman says it’s too early to assess performance Teacher Retirement System of Texas’s $5 billion strategic partnership with Apollo Management has netted a 2.59 percent internal rate of return, underperforming a long-term benchmark, according to a report Buyouts obtained through […]
Five years since the account was formed, Apollo returning 1.03x KKR netting 12.46 pct IRR as of Dec. 31 TRS spokesman says it’s too early to assess performance Teacher Retirement System of Texas’s $5 billion strategic partnership with Apollo Management has netted a 2.59 percent internal rate of return, underperforming a long-term benchmark, according to a […]