Private Equity
2 min read · 12 February 2015
Massachusetts Pension Reserves Investment Trust Fund comes out on top for the five-year annualized performance in the latest ranking of private equity program performance by the Private Equity Growth Capital Council. The accompanying table shows the top five pensions of the 22 that were ranked, by 5-year annualized returns.
1 min read · 12 February 2015
The latest benchmark numbers from the Private Equity Growth Capital Council show that private equity has a substantial lead over public equities measured over 10 years, but it hasn’t been able to keep up with the torrid pace of public equities over shorter periods. If the short-term trend becomes a long-term trend it could become a problem for what is arguably the world’s most expensive asset class.
1 min read · 12 February 2015
U.S.-based buyout and mezzanine firms have continued to build off of their hot start. Fundraising totals are almost double of where they were at this time in 2014.
1 min read · 09 February 2015
Like many big investors, California Public Employees’ Retirement System has been rolling in distributions these last few years, and Apollo Global Management was one of the biggest contributors from the June 2013 to June 2014 period.
1 min read · 30 January 2015
1 min read · 30 January 2015
Last year saw total leverage multiples rise for the fifth consecutive year on average, but they’ve actually been tailing off over the last few quarters. Analysts point to several reasons, including outflows from loan funds, a number of BDCs trading below book value, and widespread exposure among lenders to the struggling oil & gas sector.
1 min read · 29 January 2015
As the credit markets go, so goes the buyout market, and fortunately leveraged debt multiples have been steadily climbing. Last year they hit their highest point since 2007, fueled by an economic recovery and a drive by both lenders and their institutional backers for higher yields.
1 min read · 29 January 2015
U.S.-based buyout and mezzanine firms have gotten off to a blistering pace in 2015. Fundraising totals are nearly 2.5x what they were at this time last year. Completed deals are also off to a strong start, at more than twice the pace of a year ago.
1 min read · 19 January 2015
Debate rages in the investment community over which sized funds generate the strongest returns.
1 min read · 16 January 2015
