The new private equity firm will be among the lucky few to have a fresh pile of 'dry powder', managing director and former NFL football star Steve Young told a conference crowd in Las Vegas. Huntsman Gay was formed by Utah industrialist Jon Huntsman and former Bain managing director Robert Gay.
1 min read · 05 January 2013
Speaking before a major dealmaking conference in Las Vegas, the energy investor also predicted higher oil prices by the end of the year.
1 min read · 05 January 2013
A panel of US middle-market participants agreed today that while the current economy is bleak, signs of stability have appeared, paving the way for a renewal of M&A activity.
2 min read · 05 January 2013
The New York attorney general says he will cooperate with AGs in other states to 'shed light on a process that has been perverted'. The wave of subpoenas includes 49 investment firms who allegedly paid unlicensed placement agents for securing public pension capital.
2 min read · 05 January 2013
State comptroller Thomas DiNapoli today released details on 94 funds to which disgraced former comptroller Alan Hevesi committed capital, alongside the names of placement agents and the fees they were paid. It is the most detailed disclosure yet in the wake of the Henry Morris pay-to-play scandal.
3 min read · 05 January 2013
Fund performance results from the State Street Private Equity Index show a big drop in the fourth quarter of 2008. Despite the grim numbers, private equity continues to outperform the public markets.
1 min read · 05 January 2013
A new complaint from the New York attorney general’s office details the allegedly corrupt economic bond between Aldus Equity’s Saul Meyer and political operative Hank Morris, whose relationship ultimately became strained to a point where both created vivid epithets for each other.
3 min read · 05 January 2013
The New York Common scandal will tar the reputation of placement agents unless market participants disseminate and enforce a clear distinction between valuable fundraising services and sleazy influence peddling, writes David Snow.
3 min read · 05 January 2013
According to the PEI 300, Private Equity International magazine’s proprietary ranking of the world’s largest private equity firms, the firm led by David Bonderman has raised more capital for private equity direct investment than any other firm over the past five years.
2 min read · 05 January 2013
One of the largest LBOs in history has been drastically written down in value by the majority of its owners, as a legal tussle with lenders erupts over an ‘accordion’ debt facility that greatly favours equity players Blackstone, Carlyle, Permira and TPG.
2 min read · 05 January 2013
