Firm targets $325 mln with $375 mln hard cap Held close in November Fund generated buzz among LPs Mainsail Partners, a small firm that targets the lower middle market, generated big buzz among limited partners during its circuit of Spring annual meetings. It’s not clear exactly when Mainsail launched Fund IV. The fund is in the market […]
Smith: “Make them overpay” Vista invests more in product development than Lockheed, Smith says Software specialist nets top-quartile returns Vista Equity Partners is sick of “tourist” generalist funds crowding into the enterprise software sector, and the firm is not afraid to price them out of the market. In a December 2 keynote talk at PartnerConnect […]
Vista’s Robert Smith says transaction is close Smith says multinational corporation interested in firm Vista bought Omnitracs in 2013 Vista Equity Partners may be nearing a deal to sell Omnitracs to a multinational company about two years after it purchased the portfolio company from Qualcomm, the firm’s founder said Wednesday. Robert Smith, founder, chairman and CEO […]
SEC examines exempt firms fingered for bad behavior Exempt firms not coming under routine examination cycle Exempt firms get on SEC radar usually through tips Private equity firms exempt from registering with the SEC can rest easy: The SEC has not suddenly decided to examine you. A recent speech by Marc Wyatt, director of the SEC’s […]
Some 33 private equity-backed companies, with a total of more than $91.3 billion in affected debt, appeared on the Standard & Poor’s “weakest links” report from November 6. That marks the highest combined affected debt in more than four years for portfolio companies on the monthly list, which highlights companies most at risk of default. […]
CalPERS won’t do future business with non-complying GPs May sell off funds run by non-complying GPs Pension got 98 pct response rate on carry info Under intense public pressure to disclose more about the costs of private equity, the California Public Employees’ Retirement System has a harsh message for private equity firms that won’t share how […]
Debt market shifts away from risker issues Carlyle Groups Veritas debt deal postponed Middle-market loans faring well While some debt deals for big LBOs hit rougher market conditions this fall, demand for middle market loans remains healthy, according to a participant in leveraged loans. Thomas Aronson, managing director and principal of Monroe Capital, said his […]
Rather than a traditional fundraise, you might say Warburg Pincus spent a few months arranging limited partner allocations to its latest flagship fund like a jigsaw puzzle. The requested commitment size of every LP in the fund, which recently closed with $12 billion in external commitments, was “cut back,” according to a person with knowledge […]
PetSmart leads the pack as the largest buyout in the southwest High tech, industrials and energy top deal sectors Lone Star Funds was top fundraiser in the region Low oil prices cast a chill over the Southwest deal-making this year, but sponsors say the market is starting to heat up again. The region accounted for 234 of […]
Most PE, VC investments held at or below cost $188 bln pension a leader for green investment Outlook could improve as regulations, markets shift The California State Teachers’ Retirement System is a major investor in clean energy and technology, and the $188 billion pension is considered a leader in adopting environmentally friendly strategies for its […]