TPG related stories
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Friday Letter: Caps offIn the era of the mega-mega fund, a new math has developed for determining an appropriate size for one’s next investment vehicle. It is a complex calculation that always ends up equaling the maximum that LPs are willing to commit.
- Friday Letter: KKR Forever
And in the 30th year of its life, KKR said, “Let there be a $5 billion pool of permanent capital.” And lo, there was a $5 billion pool of permanent capital.
- Friday Letter: Diamonds in the rough
The barbarian hordes are sweeping once more across Europe. Only this time they are heading East and are flying first class.
- Friday Letter: The feds made us do it
US Department of Justice, The Blackstone Group has a couple of choice words to send your way – “thank you”.
- Friday Letter: More scrutiny
This week, as media coverage of the private equity industry in the UK hit fever pitch, the BVCA has made what it hopes will be its killer move to still the dissenting voices that would see the industry dramatically constrained.
- Friday Letter: State of siege
Doug Lowenstein has now officially been head of the new Private Equity Council for two weeks. We’re certain he’s been busy getting his schedule in order and his list of priorities sorted.
- Friday Letter: Another Debenhams?
Based on some of the recent press coverage of the industry, it would be easy for the casual observer to get the impression that private equity is the root of all evil.
- Friday Letter: Good targets
Even for a firm accustomed to the vicissitudes of private equity, this has been a tumultuous week for Kohlberg Kravis Roberts – and for big buyout firms in general.
- Friday Letter: Ballot Box Closing
Last year was a high-water mark for the industry before the crunch hit home. Help decide who will be remembered and celebrated for excellence, by voting in our Global Private Equity Awards for 2007 to determine the shortlists for the final round, which opens on Monday.
- Friday Letter How to buy a bank
Big buyout firms have a lot of money but are struggling to put it all to work. US banks need a lot of money and are struggling generally. This would equal a trend if it weren’t for a pesky Federal Reserve regulation.