David Snow
A lower interest rate in Brazil means unprecedented opportunity for private equity, reports David Snow.
Houston-based Valerus Compression will use the proceeds in part to refinance debt. The deal is predicated on growth in international natural gas production.
After five quarters of losses, aggregate fund values were written up an average of 5.48 percent in the second quarter, according to State Street.
In a letter to LPs, firm founder Leon Black revealed that several funds are now reporting positive or flat unrealised performances after dramatic write-downs earlier this year.
Philip Durden has joined former Oak Hill partner James Hale at Aldenwood Group, which next year will seek to raise a sub-$1bn secondaries fund.
The founder of private equity advisory firm Aldus Equity, Saul Meyer, has admitted to having knowingly engaged in pay-to-play corruption in New York and New Mexico.
The largest LBOs done during the bygone buyout boom range from superb performers to ‘scary’, and ‘could-be-worse’ to ‘could-be-in-trouble’, according to Private Equity International magazine.
The old caveat that past performance is not indicative of future results has been confirmed by recent research from consulting firm Peracs.
The Senate hopeful from Bain is expert at skewering foes with his sharp wit, recalls David Snow
Fifteen years after Bain founder Mitt Romney unsuccessfully tried to unseat Massachusetts senator Ted Kennedy, Stephen Pagliuca will run for the same seat.