Blackstone’s investment in BC Partners is about more than hard capital
The European private equity stalwart picked Blackstone as a minority shareholder also for the soft benefits that it brings.
Eurazeo used secondaries process to seed flagship fund
Lexington Partners, Adams Street and StepStone were part of a consortium that acquired five assets off Eurazeo's balance sheet which were used to seed the €700m Eurazeo Capital IV buyout fund.
Side Letter: Bob Brown bolts, PE tackles #MeToo, Investcorp’s fundraising jump
Veteran fundraiser and PEI Rainmaker Bob Brown has left the team he formed in 2014, a year after it was acquired by Houlihan Lokey. Here’s today's brief, for our valued subscribers only.
Fund of firms: Who owns what?
With Blackstone’s stake in BC Partners the latest deal in an expanding market of GP stakes, PEI looks at which firms have been on the acquisition trail.
Europe PE dealflow slows in H1 as deal sizes grow – report
PE-backed deals in the region fell 22% to €132.6bn due to geopolitical headwinds, according to a report from PitchBook.
Colony Capital unveils succession plan amid M&A deal
The firm, which acquired Abraaj’s LatAm business in April, has acquired digital infrastructure manager Digital Bridge and tapped its founder as its new CEO.
How family office Stephens Group created a private equity-like structure
The group has invested in around 30 platform companies and add-ons, and is building out its investment team.
Spain sees record €4bn of deals in H1 – report
International GPs backed more than 80% of deals by volume in first half of 2019, according to a report from industry association ASCRI.
Texas TRS to co-underwrite co-investments
The pension system is in the process of expanding the direct investment portion of its private equity portfolio from 26% to 35%.
Blackstone’s private equity returns fall in second quarter
The asset manager still expects to cross $100bn in total capital inflows in 2019, having already raised $64bn so far this year.
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