Private Equity Deals & Transactions

Will a new rulemaking proposal from the SEC slow down the use of blank-cheque companies, which raised a record $162.5bn through 613 IPOs last year?

A tumultuous 2021 saw records set in deal and exit value, while US listings of Chinese companies tumbled due to regulatory upheaval, the report found.

Proposal uses present tense, not future tense, and the industry is worried.

A host of private markets participants have flocked to Asia-Pacific in recent years as the size and depth of its private wealth community soars.

Managers are utilising mechanisms such as convertible debt instruments, put options and minimum returns to mitigate uncertainty over exits.

Chinese private equity firms are tweaking their sector focus to help legislate against regulatory uncertainty.

Iron Park Capital, founded in 2019 by GSO co-founder Tripp Smith, is seeking up to $5bn for its second private credit joint venture, Private Equity International understands.

A host of potential entrants to the double-digit fund club, a raft of fund closes below target and an influx of Indian investment are on the cards in the year ahead.

GP-led secondaries, especially single-asset deals such as this one involving a global glass repair operator, have driven the market to expected record volume levels this year.

The rise of blank cheque companies continued through 2021 before market fatigue and regulatory pushback triggered a fall off.