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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.
Arc de Triomphe, Paris

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.
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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.
PE-backed deals in Europe as of H1 2019, data from PitchBook

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.
International GPs backed more than 80% of private equity deals by volume in Spain during H1 2019

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%.
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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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