Private Equity
2 min read · 04 February 2016
Torys LLP has released its latest and much-anticipated M&A Top Trends 2016 report. It explores how deal-makers will work to find new M&A opportunities and close deals in the months ahead. Torys has identified five key trends that will be of particular interest to buyout, private equity and venture capital professionals, and to other readers of PE Hub Canada.
3 min read · 09 December 2015
The pre-vintage 2011 private equity portfolio of Connecticut Retirement Plans and Trust Funds, consisting of some 77 active funds, had generated a median IRR of 10.0 percent as of year-end. As shown in the accompanying table the top five by IRR are almost exclusively buyout funds, while the bottom five includes more of a mix of fund strategies, including both buyout and venture capital.
1 min read · 17 September 2015
In the latest performance summary from the California Public Employees’ Retirement System, we get an inside look at the performance of its investment pools by strategy. The results show private equity with comparable returns to other asset classes in the near term, but superior returns starting in the 5-year window, 10-year and 20-year windows.
1 min read · 16 September 2015
In the private equity investing world, the major measuring stick of success remains the IRR that a fund generates. Buyouts this year compiled performance data from over 30 limited partners and looked at the IRRs generated by members of the big-name fund families. While funds managed by Thomas H. Lee produced the highest top-quartile IRR of 37.1 percent, those managed by Hellman & Friedman displayed the strongest IRRs overall. Its bottom quartile IRR of 22.5 percent bested almost all the other fund families’ median IRRs.
1 min read · 16 September 2015
U.S.-based buyout and mezzanine fundraising had another vigorous two weeks. Since Buyouts last went to press, the 2015 total grew by nearly $5 billion and the 2015 total is now over $154 billion, some $10 billion more than at this time in 2014.
1 min read · 16 September 2015
Commonfund Capital, a manager of funds of funds on behalf of endowments, foundations and other big investors since 1988, has been an influential limited partner, with more than $14.6 billion in private capital under management. Buyouts for the first time has found a cache of performance data for the firm, and the early results on several of their vintage-2007 and younger funds are mixed.
2 min read · 08 September 2015
U.S.-based buyout and mezzanine fundraising ramped back up since the last issue of Buyouts. The year-to-date total grew by about $6 billion since we last went to press, and it now stands at $149.3 billion. The yearly aggregate is a full $13 billion ahead of where it was at this time in 2014.
2 min read · 04 September 2015
As with median IRR, New Mexico Educational Retirement Board, Indiana Public Retirement System and Massachusetts Pension Reserves Investment Management lead the way with average IRRs of 18.12 percent, 15.01 percent and 14.57 percent, respectively. In fourth place is Regents of the University of California, at 13.37 percent, followed by the Public Employees’ Retirement System of Nevada, at 13.17 percent. All told Buyouts maintains performance records, including on buyout, venture capital and related funds, for 35 limited partners.
1 min read · 03 September 2015
The New Mexico Educational Retirement Board led the way in median IRR in our latest analysis of the Buyouts returns database, including buyout, venture capital and related funds, with most returns current as of year-end 2014. New Mexico’s 15.29 percent median IRR is more than 3 percentage points above the next investor on this list, Indiana Public Retirement System. In third place, with an 11.86 percent median IRR, is Massachusetts Pension Reserves Investment Management. All told Buyouts keeps tabs on the performance of 35 limited partners.
1 min read · 03 September 2015
