Private Equity News & Analysis

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.
illustration of approach to leverage

Brookfield’s PE head on the firm’s approach to leverage

The firm tries to secure non-recourse financing, long-term maturities and little-to-no financial maintenance covenants, according to chief executive Cyrus Madon.
Arrows on a chart

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.
Bob Brown

Fundraising veteran Bob Brown leaves Houlihan Lokey – exclusive

The co-founder of BearTooth Advisors has resigned a year after his firm was acquired by the investment bank.

Private equity firms grapple with #MeToo fallout

Some PE executives are 'treading on eggshells' when it comes to approaches to sexual harassment.

How KKR uses credit facilities

On its Q2 earnings call, chief financial officer Bill Janetschek detailed the way the firm handles credit facilities.
Tim Janke

Side Letter: Blackstone’s BC buy, European deal-making drops, TPG taps KKR

A buyside professional involved in the GP stakes game once told us the only industry private equity hasn't looked at yet is PE itself. Now the GP interest strategy is part and parcel of the asset class. Here’s today's brief, for our valued subscribers only.
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.

Side Letter: SERS departure, Manulife’s secondaries deal, LPs and benchmarking

Pennsylvania SERS' CIO departure; Manulife gets savvy on secondaries; and LPs dig deeper on performance. Here’s today's brief, for our valued subscribers only.
Retail investors

Behind the scenes at an online fundraising platform

Tim Janke, Blackstone's former Asia CFO, tells PEI about the complexities of launching a Singaporean fundraising platform targeting individual investors.

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