Dealmaking

PE HUB First Read

First Read begins the day with news that Ford recalls more than 500,000 vehicles due to seat problems, UK lawmakers vote to delay Brexit again, and Prudential Financial Inc is buying online startup Assurance IQ.

Great Hill’s investment in Pareto values it upwards of $200 mln

Pareto Founder and CEO Andrew Cavenagh confirmed that the investment from Great Hill totaled more than $80 million.

Ex-Ares execs on how to build an institutional PE firm

LightBay Capital, formed by two former Ares Management partners, has focused on employing a differentiated strategy.

PE HUB Wire Highlights, 9.4.19

GI, TA consider options for MRI Software; VPAY bids come in below expectations; TCV, JMI Equity invest $250 mln in Clio

PE HUB First Read

First Read begins the day with news that Walmart ends all handgun ammunition sales and asks customers not to carry guns into stores, Ariana Grande sues Forever 21 for stealing her image in a social media campaign, and SoftBank is more than $600 million underwater on its Uber investment.

United Kingdom sees the bulk of European VC activity in H1

The tranformation of venture capital forges a new role for GPs

The past decade brought unprecedented change to venture capital. Today’s GP must bring together the sometimes competing goals of specialization, diversification and capitalization

Freeman Spogli racks up $1.85 bln for eighth fund

Los Angeles and New York City-based Freeman Spogli & Co, a middle-market private equity firm, has closedits eighth fund at its $1.85 billion hard cap.

Private Equity Jobs of the Week: Cambridge Associates, GCM Grosvenor and Wells Fargo are hiring

This week’s jobs include an investment director at Cambridge Associates, a vice president at Wells Fargo Strategic Capital and a secondaries associate at GCM Grosvenor.

GI, TA weigh options for MRI Software