Private Equity
Cambridge Associates’ research on venture capital investing spanning 17 years found firms outside the industry’s top 10 created significant value.
2 min read · 18 December 2015
The firm launched Searchlight Capital II in February with a $1.5bn target and a hard-cap of $1.8bn. It will invest about $120m per transaction in the communications, media, education and consumer sectors.
1 min read · 18 December 2015
The sale follows the exit of nine investments already made by the firm in the first half of its financial year as it continues to trim its portfolio.
1 min read · 18 December 2015
<p><em>Conscious of the tax implications involved, the industry trade body took issue with carry designated as compensation in the ILPA fee reporting template, among other issues. </em></p>
2 min read · 18 December 2015
Two thirds of PE deals in the first 11 months of this year were add-on acquisitions driven by high valuations and competition in the upper markets driven by mega deals, according to PwC.
2 min read · 17 December 2015
2015 saw the return of a rare but not unknown private equity beast, the fundless sponsor. Following its report in July on Juniper Alternative Investment Fund, <span class="ITALIC">PEI</span> spoke most recently to Joe DaGrosa of General American Capital Partners to ask about the strategy.
2 min read · 17 December 2015
Over the longer term, the US Federal Reserve’s decision to raise the Federal Funds Rate by 25 basis points will put pressure on firms with high leverage multiples.
2 min read · 17 December 2015
Experts believe years of near-zero interest rates facilitated an overly confident behaviour in private equity that should normalise in the long term as the US Federal Reserve continues to gradually raise rates.
3 min read · 16 December 2015
<p><em>After local newspapers criticised the Californian pension’s plan to revise its private equity policy, CalPERS issued multiple rebuttals defending the program.</em></p>
2 min read · 16 December 2015
A study of almost 600 portfolio companies revealed that US GPs have charged $20bn in transaction and monitoring fees over a 20-year period.
4 min read · 15 December 2015
