Chris Witkowsky
LPs appear to want to appoint a new manager to keep the portfolio running because the investments have performed well so far.
Buyouts spoke with several GPs about how they are factoring potential inflation into their existing portfolios and into future deals.
The lobby group wants the SEC to clarify several high-level issues in private equity, including for GPs to share regulatory examination findings with LPs.
The leadership changes on the firm's small-cap and mid-market funds are understood to have not required key-person approvals by limited partners.
The SEC under President Biden is expected to take a more aggressive role in regulating and punishing bad practices across corporate American, including PE.
Pardee formed Mercury along with partners Michael Ricciardi, Mercury’s chief executive, and Enrique Cuan-Ruiz in 2009 after spinning out of Merrill Lynch’s private fund placement group in 2009.
Watch who takes leadership roles on the various legislative committees in Congress that impact private equity, as well as key positions in the administration.
Investcorp’s team focuses on mid-market GPs, which it believes presents a more robust opportunity than the larger side of the market.
Under a 'blue wave' scenario, progressive politicians like Elizabeth Warren would have more power to target aspects of the financial system they have consistently criticised, including private equity.
Smith will pay his penalty and back taxes, and then should get on with the business of running and growing Vista, several LPs told Buyouts.