PE Hub Wire

Massive wave of dry powder could keep away PE-backed bankruptcies, Monarch heads for $1bn on distressed fund in market dislocation, OMERS new PE chief doubles down on direct investing amid turbulence

Dry powder could stave off PE-backed bankruptcies in a pandemic-fueled downturn and Trivest's sale of Pelican Water Systems wins Small Market Deal of the Year.

TPG Growth names Michael Stone as co-managing partner, Great Hill, Charlesbank lead senior credit investment in Wayfair, Warburg Pincus wins secondary deal of the year with Allied Universal

Warburg Pincus wins secondary deal of the year with Allied Universal and TPG Growth taps Michael Stone as co-managing partner.

B2B software assets embraced in pandemic lock-down, Family offices look to take advantage of market dislocation, Insight Partners racks up $9.5bn

Partners Group's sale of Vermaat Group wins International Deal of the Year and family offices prepare to take advantage of pandemic-affected market dislocation.

Private equity-backed companies should qualify for government relief, GPs to reassess supply chain exposure as pandemic reveals vulnerabilities, CalSTRS has the cash to pounce on opportunities in market dislocation

KPS Capital's sale of Chassis Brakes International wins Turnaround Deal of the Year and why the CARES Act should provide relief to private equity.

Thoma Bravo kicks in $2m to support San Francisco public school students, GPs get creative with incentives for deal sourcing, Apax Digital hires executive from Catalyst Investors

Thoma Bravo supports San Francisco children and their families during the COVID-19 crisis and Catalyst Capital anticipates an economic slowdown lasting for a long time.

Ares preps for post-coronavirus sale of Unified Women's Healthcare, LP defaults and the downturn, Excellere Fund III LPs vote on key-person trigger after co-founder death

LPs default during the COVID-19 crisis and Ares is putting Unified Women's Healthcare on the block.

US private equity shops brace for supply chain disruption, Hillhouse runs up against coronavirus downturn with ambitious target for new fundraising, HGGC looks for deals amid dislocation

Despite the coronavirus crisis, business still goes on at some PE firms: Hillhouse is seeking to raise up to $13 billion for its next fund while HGGC is scouring for new M&A ventures.

Palladium Equity bags Reading Alloys for $250m, CVC sticks with 6 pct hurdle rate on next flagship fund, TA makes growth investment in Accion Labs

Despite the current coronavirus crisis, deals are being prepped.

Invoking the MAC clause and tending to liquidity: covid-19 impacts on PE, One Equity to buy German IT consulting company, LPs advised to buy time on private equity pacing

Amid the COVID-9 crisis, some firms are invoking the MAC clause to pull out of deals.

Thoma Bravo shuts down Imprivata process amid coronavirus downturn, LPs assess risk of 'nightmare scenario' with capital call credit lines, NY Common forms co-invest partnership with Neuberger Berman

Thoma Bravo calls off its potential $2 billion-plus sale of Imprivata amid the coronavirus pandemic and New York State Common Retirement Fund commits to a $2 billion co-investment fund with Neuberger Berman.