Private Equity
A study of North American portfolio companies tracked by funds-of-funds manager RCP Advisors finds that lower-mid-market and mid-market sponsors are still finding and closing a healthy percentage of proprietary deals. But such deals exhibit a wider spread of performance than auctioned deals without necessarily providing better returns, at least by one measure.
4 min read · 20 April 2015
A “fly-in” organized by the Small Business Investor Alliance and slated for this Tuesday in Washington aims to revive a legislative proposal to let business development companies raise their debt-to-equity ratio to two to one from one to one. The law would make BDCs a more competitive force in the fast-changing mid-market lending landscape.
3 min read · 16 April 2015
Corporations have been able to deduct interest payments on their taxes for more than 100 years. But that won’t stop politicians from proposing an end to the practice as they tap into anti-Wall Street sentiment during the coming presidential campaign season.
4 min read · 15 April 2015
Curious where deal prices are heading in the coming months? Want to know how sponsors are reacting to high prices? Take our five-minute survey on deal pricing and be the first to get the results. The deadline to participate: Friday, May 1.
1 min read · 09 April 2015
We've had a terrific turnout for our Buyouts East conference in Cambridge, Mass., which runs today and tomorrow. For those who weren't able to make it, here are three highlights.
3 min read · 25 March 2015
Buyouts is accepting applications for its 15th annual Deal of the Year awards, honoring exceptional buyouts that were fully or mostly realized in 2014. The deadline for submissions is Feb. 27, 2015.
1 min read · 24 February 2015
Hamilton Lane is putting together one of the largest co-investment funds ever earmarked for buyouts and other late-stage deals, having secured $849.6 million through year-end toward an upwardly revised goal of $1.3 billion.
2 min read · 10 February 2015
2 min read · 10 February 2015
It's hard to beat today's frothy fundraising market for jumping ship to raise a debut fund. But Stephen Schwarzman, chairman, CEO, and co-founder of Blackstone Group, this weekend cautioned young professionals to think twice before taking the plunge.
3 min read · 02 February 2015
A significant percentage of mid-market lenders predict leverage multiples will continue their recent descent while yields will continue to rise in 2015, tossing more cold water on a credit party that sponsors have enjoyed for most of the post-financial-crisis years.
4 min read · 28 January 2015
