North America

Growing an association

As the Private Equity Council gears up to add more members, officials from two leading private equity trade associations share their perspective how to build association membership while staying true to the core mission.

FEATURE: Signs of secondaries

As some LPs actively seek to liquidate their real estate assets in the secondaries market, other more well capitalised limited partners are eyeing the sector as a potential investment opportunity. However with so much uncertainty in the market, the task of underwriting those positions is now much more daunting. PERE Magazine December 2008/January 2009 issue.

New York State Teachers commits $75m to ABRY

ABRY has collected its goal of $750m for its Senior Equity Fund that provides senior equity and mezzanine capital.

Latin America timber fund targets $300m

Earth Capital Partners' Forestry Fund I is targeting 12% IRRs through the acquisition of established plantations and agricultural land.

PE-backed firms provide 6m US jobs

The Private Equity Council estimates private equity-backed companies channeled more than $1trn in new capital into 9,500 US companies during the past 10 years.

Silver Lake CEO on real vs. ‘perceived’ risk

Jim Davidson recently told PEI how semiconductor company Avago in four years went from an LBO critics thought was doomed to an award-winning IPO.

TPG chief: Your grandmother could've done an LBO in '07

Markets have rebounded – and quickly enough to make 'low hanging' distressed opportunities scarce – but don't expect to see buyouts at 2007 levels, according to David Bonderman, Leon Black, Scott Sperling and Ted Virtue.

Warburg, Silver Lake in $3.4bn data deal

Warburg Pincus has partnered Silver Lake to buy Interactive Data in the same week it has agreed to buy Advent International’s UK retailer Poundland.

Carry tax is ‘alive and well’

The Private Equity Council’s president, Doug Lowenstein, said at a conference Wednesday a tax hike on carried interest is likely to pass – and it’s just one of several tax measures that will hit GPs in the wallet.

The post-golden era

This year’s PEI 300 is populated with familiar names, but as the mid-2000s fundraising boom recedes into history, expect a radical shuffling of the ranks, writes David Snow.