Private Equity
A little-noted aspect of the first set of examinations of private equity shops by the U.S. Securities and Exchange Commission is that the agency in some cases picked firms considered to be more likely to have compliance problems. That fact may help explain the high percentage of problems found.
3 min read · 12 May 2014
So many legislators have proposed raising taxes on carried interest that it is easy to lose sight of just what their beef is. Now a University of California law professor has written a paper explaining the main possible objections and the best way to address them.
2 min read · 08 May 2014
Distressed debt and turnaround specialist Ares Management, which went public earlier this month, is out collecting commitments for Fund IV in its family of ”special situations” funds, Buyouts has learned.
2 min read · 07 May 2014
Freeman Spogli & Co appears to be making good progress toward wrapping up a seventh fund earmarked to invest in mid-sized consumer-related and distribution companies. The target: $850 million.
2 min read · 06 May 2014
Word has filtered out that the first wave of examinations of buyout firms by the U.S. Securities and Exchange Commission has not exactly gone swimmingly. But what exactly have sponsors done wrong? And how serious are the infractions?
5 min read · 06 May 2014
After a two-year hiatus, Randy Schwimmer is back with his weekly e-newsletter covering the middle-market leveraged lending scene. The Lead Left, which debuted last week, is the successor to On the Left, the popular e-newsletter that Schwimmer wrote while he was a senior managing director and head of capital markets at Churchill Financial.
3 min read · 06 May 2014
After a two-year hiatus, Randy Schwimmer is back with his weekly e-newsletter covering the middle-market leveraged lending scene. The Lead Left, which debuted last week, is the successor to On the Left, the popular e-newsletter that Schwimmer wrote while he was a senior managing director and head of capital markets at Churchill Financial (acquired by Carlyle Group in 2011). Below we catch up with Schwimmer with five quick questions, to which Schwimmer responded by email.
3 min read · 05 May 2014
When it comes to competing for alternative investment dollars, buyout firms haven’t had a whole lot to worry about from venture capital firms, their traditional rivals, over the last 10 years or so. Infrastructure firms have been a different story.
2 min read · 05 May 2014
David C. Turner, who is stepping down as managing director and head of private equity at Guardian Life Insurance Company of America, talks to sister magazine Reuters Buyouts about private equity, venture capital and the risks of market peaks.
3 min read · 30 April 2014
Co-investing has taken some punches to the jaw in recent months. Now advisory shop StepStone has come to defend the practice.
2 min read · 28 April 2014
