Private Equity
Vintage-2007 funds are aging like fine wine for the New Jersey Division of Investment. The most recent data from the state reveals that four of the top five distributing funds from February 2014 to November of 2014 date from 2007 and generated over $230 million in returns in that 9-month span alone.
2 min read · 13 March 2015
2 min read · 13 March 2015
Dry powder totaled $535 billion as of June 30, 2014 in the United States, and more than a quarter of it (28 percent) comes from vintage-2014 funds, according to PitchBook Data Inc. Add in leverage and we’re talking about well over a trillion dollars in spending power. It’s a great time to raise money. But will it prove to be a case of too much money chasing too few deals?
1 min read · 13 March 2015
The final quarter of the year was a strong one for M&A in the United States and Europe, finishing with more than $400 billion in transaction value and 3,777 deals, according to data provider PitchBook Data Inc. Tailwinds included a reasonably strong economic recovery in the United States and easy credit. For the year the figures were nearly $1.3 trillion in transaction value and 17,357 deals, up from $1 trillion and 15,453 deals in 2013.
1 min read · 13 March 2015
It continues to be a big year in private equity fundraising and deal-making. In the past two weeks, fundraising by U.S.-based buyout and mezzanine firms has resumed its torrid start as firms added nearly a full $8 billion to their war chests. The year-to-date sum is about $14.5 billion ahead of this point in time in 2014.
1 min read · 02 March 2015
Vista Equity Partners and Warburg Pincus share honors as co-leaders in generating the highest cash-on-cash return multiple for the $81.2 billion New Jersey Division of Investment.
1 min read · 02 March 2015
Buyers with investment vehicles of $4 billion or more accounted for some two-thirds of transaction volume last year, according to a survey by advisory shop Evercore. The result is based on a survey of more than 70 secondary buyers, including pension funds with a dedicated allocation to secondaries.
1 min read · 27 February 2015
Secondary market volume continues to soar as investors get more used to the idea of selling holdings as part of routine portfolio trimming and management. Transaction volume for 2014 nearly doubled from the prior year (see accompanying chart at right).
1 min read · 27 February 2015
Fundraising by U.S.-based buyout and mezzanine firms has cooled off as of late, after getting off to a hot start in 2015. On the whole, the year-to-date figure of $34.3 billion is about $13 billion ahead of last year’s total.
1 min read · 13 February 2015
Among firms that raise $10 billion-plus-sized funds, Advent International probably gets the least amount of press and attention. Yet it has one of the most consistently strong track records out there–a fact surely not lost on the $235 billion Canada Pension Plan Investment Board.
1 min read · 12 February 2015
