Increasing fund sizes and periods of heavy fundraising have historically correlated with decreasing returns, according to research presented by two prominent US scholars.
2 min read · 04 January 2013
Conditions in the leveraged loan market mirror those in the subprime market, the IMF said in its semiannual report. The result could be a rise in defaults, widespread volatility and the drying up of dealflow.
2 min read · 04 January 2013
NASDAQ is consolidating Goldman Sachs' GSTrUE, Bear Stearns’ Best Markets, and OPUS-5, all private exchanges, which allow private equity firms to list with less disclosure requirements.
1 min read · 04 January 2013
After years of unsuccessful bids for US news agencies, Ron Burkle's investment firm has acquired a stake in China's Xinhua Finance Media.
1 min read · 04 January 2013
Sunrock Ventures is raising its debut fund to target $100 million for investments in the “underserved” Southeastern US.
1 min read · 04 January 2013
A decade after acquiring art supply brand Utrecht, Brynwood Partners has sold the company to middle market firm Topspin LBO. It is the final exit for the firm's third fund.
2 min read · 04 January 2013
A JC Flowers-led consortium has said it will likely drop its $25 billion bid for Sallie Mae, but is willing to renogotiate the deal, taking into consideration a changed economic and legislative environment.
3 min read · 04 January 2013
American Capital Strategies will sell four million shares at $39.43 per share, less than five months after raising $1 billion in four days from its 29th public offering.
1 min read · 04 January 2013
After more than 20 years with the World Bank’s lending arm, Teresa Barger is leaving to launch her own emerging markets investment venture.
1 min read · 04 January 2013
KKR’s negotiations with underwriters of the First Data deal -- the second such mega deal for which banks have had difficulty syndicating the debt -- will be a harbinger of things to come, says Dechert attorney Scott Zimmerman.
2 min read · 04 January 2013
