Private Equity
Today's Side Letter will be the last of the year – the crew is taking a much-anticipated break and will return on 3 January. Until then, thank you for reading, and we hope you enjoy our holiday content.
4 min read · 16 December 2022
At $3.3bn, Fund VII would be the largest pool in Levine Leichtman’s nearly four-decade history. It would be 32% larger than Fund VI, closed in 2019 at $2.5bn.
2 min read · 15 December 2022
The move comes as Blackstone Growth is in the process of raising its second fund, targeting $7bn to $8bn.
1 min read · 15 December 2022
Apollo, Blackstone, now Carlyle Group… a confluence of events is leading to a tough year ahead for capital raising.
3 min read · 15 December 2022
Even as secondaries activity slows in the dislocated markets, certain large deals are getting done.
3 min read · 15 December 2022
In this second episode of our miniseries Private Markets and the End of Cheap Money, we talk to LPs about allocation shifts, impacts on fundraising and what investors are looking for out of their GPs as rates rise.
1 min read · 15 December 2022
Nearly 85% of LPs expect a reduction in distributions over the next year, Rede Partners’ report said.
3 min read · 14 December 2022
Private equity's foray into automation and cybersecurity is being hindered by a lack of adequate talent and training. Plus: BNP Paribas has overhauled its private markets strategies and OTPP's new net-zero head has her work cut out. Here’s today's brief, for our valued subscribers only.
4 min read · 14 December 2022
Carveouts, add-on acquisitions, take-privates and consolidation in the growth equity space will define dealmaking in 2023, says BlackRock Private Equity Partners' global head of investments.
3 min read · 14 December 2022
Secondaries activity has slowed as a result of market dislocation and a wide gap between buyer and seller expectations.
2 min read · 13 December 2022
