Private Equity
All the talk of zombie funds and the difficulty raising money has obscured a remarkable trend. Chicago buyout shop Winona Capital Management and a host of emerging managers are making substantial progress on debut, second and third funds.
3 min read · 23 July 2013
3 min read · 22 July 2013
2 min read · 15 July 2013
Institutional investors in search of public-equity-beating returns continued to shower favored firms with dollars in the second quarter of 2013. But with allocations still tight, and vetting processes extensive, even well-established sponsors are finding it is taking longer and longer to reach a final close.
6 min read · 15 July 2013
Energy Capital Partners, which has raised more than $8 billion for investments in the North American energy market, plans to launch its third core fund this year targeting in the neighborhood of $4.3 billion and offering an LP-friendly distribution waterfall, a source close to the fund told sister magazine Buyouts. Expect a formal unveiling as early as this summer.
3 min read · 11 July 2013
Providing big equity incentives to management distinguishes successful buyouts from those that are not so successful, according to a new academic paper that tries to get to the heart of LBO performance.
2 min read · 01 July 2013
Energy Capital Partners, which has raised more than $8 billion for investments in the North American energy market, plans to launch its third core fund later this year targeting in the neighborhood of $4.3 billion and offering an LP-friendly distribution waterfall, a source close to the fund told Buyouts. Expect a formal unveiling as early as this summer.
3 min read · 27 June 2013
A new survey of limited partners shows that buyout professionals still have some work to do convincing them that they should be bullish on the asset class. But it also points to plenty of progress made on the promotional front—particularly in efforts to show investors that they’re hands-on, in a good way, with portfolio companies.
3 min read · 17 June 2013
2 min read · 17 June 2013
It is a strange question to ask in an age when financial sponsors put so much emphasis on their operational talents and so little on their ability to generate returns through borrowing.
4 min read · 05 June 2013
