Private Equity
On its very first try with a fund devoted to distressed investing, Los Angeles-based Aurora Capital Group managed to navigate the 2007-2009 recession with an aptitude that put its fund in the top ranks of vintage 2007 funds based on internal rate of return.
5 min read · 22 August 2012
The year 2007 should in theory have been a great time for investors in distressed debt and turnaround situations to raise money. But those in the trenches say it was easy to get the timing wrong. Start investing too early, before the downturn bottomed out, and firms got stabbed by falling knives; start investing too late and firms saw troubled companies use the resurgent credit markets to delay the day of reckoning.
5 min read · 22 August 2012
The 2007 vintage was a tough one for domestic buyout funds, between the credit crunch, financial crisis and Great Recession. But some firms managed to buck the trend.
3 min read · 13 August 2012
Sponsors routinely promise their backers that they’ll at least double their money. But you’d be hard-pressed to find such funds in the hard-luck 2007 vintage.
6 min read · 13 August 2012
3 min read · 10 August 2012
Investors who routinely take a pass on debut buyout funds would readily admit they miss out on the occasional blockbuster. But they may also be missing out on returns that over time consistently beat market averages.
4 min read · 09 August 2012
Investors who routinely take a pass on debut buyout funds would readily admit they miss out on the occasional blockbuster. But they may also be missing out on returns that over time consistently beat market averages.
4 min read · 08 August 2012
3 min read · 30 July 2012
Dividend recaps may be controversial but Roark Capital hasn't been shy about using them to return hundreds of millions of dollars to its limited partners.
2 min read · 25 July 2012
You won’t find headlines touting dividend recaps in the “media room” of Roark Capital Group’s Web site. But the Atlanta buyout shop hasn’t been shy about promoting them to investors contemplating a commitment to a third fund targeting $1.25 billion.
2 min read · 23 July 2012
