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.
2 min read · 05 January 2013
Leaders within the more mature mutual-fund market often come from marketing backgrounds.
2 min read · 05 January 2013
Limited partners may seek changes to existing partnership terms when GPs come calling about the next fund, say advisors to both LPs and GPs.
3 min read · 05 January 2013
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.
1 min read · 05 January 2013
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.
3 min read · 05 January 2013
The old caveat that past performance is not indicative of future results has been confirmed by recent research from consulting firm Peracs.
2 min read · 05 January 2013
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.
2 min read · 05 January 2013
Fifteen years after Bain founder Mitt Romney unsuccessfully tried to unseat Massachusetts senator Ted Kennedy, Stephen Pagliuca will run for the same seat.
3 min read · 05 January 2013
The Senate hopeful from Bain is expert at skewering foes with his sharp wit, recalls David Snow
3 min read · 05 January 2013
CalPERS is on track to be the first LP to publicly endorse the investor-friendly guidelines released by the trade association that represents $1trn of private equity assets.
3 min read · 05 January 2013
