Diversis, formed in 2013, acquired a majority stake in Tempo in 2018, and bought the rest of the company in 2022.
Woollatt talks about his love of finding new spots to ski, his being an 'Italian wine with steak' type of guy, and why he dislikes overuse of the word 'proprietary.'
According to fresh research from Goldman Sachs, average distribution-to-paid-in multiples (DPI) for the 2019-22 vintage era is 80% lower than the equivalent 2007-14 vintage set.
In recently paying fresh attention to private wealth, GPs, especially the largest ones, have discovered it represents a major opportunity.
Many long-time firms are navigating challenges of succession and strategy in an era of slower fundraising and more expensive debt.
The fund's predecessor, PPC III, closed in 2021 at $2.7bn, was then billed as one of the market’s largest family investment vehicles.
As more GPs seek alternatives to traditional exit paths for their older investments, continuation funds have grown more popular for certain assets.
A Coller Capital survey found 64% of LPs believe at least one of the private equity GPs they are currently invested with will merge with, or be acquired by, another GP in the next two years.
As part of the system’s policy established in 2022, CalPERS has been building exposure to areas of private equity it may have skipped in the past, like smaller funds and growth-focused GPs.
Employee success drives customer success, which in turn drives company success, writes John Block, founder of Unity Partners.