In this video from the PartnerConnect East conference, Olaf Neubert, managing partner at Hedges Capital Inc, discusses the secondary market for private equity interests and the increasing role of specialization by such funds.
Top News & Analysis
At the peak of the last fundraising boom six years ago, sponsors had reason to feel like small potatoes if they were targeting anything less than $1 billion. Today, with fundraising soaring again, such firms are playing a far larger role in the market.
U.S. sponsors tallied up more closed deals in the second quarter than a year ago as the sustained economic recovery and strength in the credit markets created a mood to merge.
Patria Investimentos, backed by The Blackstone Group, has closed its fifth private equity fund on $1.75 billion, beating its original $1.5 billion target, according to a person with knowledge of the fundraising.
Download the “Q2 2014 Exits” table from the Related Files tab below to see the full list of all M&As and IPOs by U.S.-based financial sponsors in the second quarter of 2014.
Some private equity limited partners have been “de-risking” their illiquid portfolios, according to a fresh first-half pricing report from alternative asset advisory firm Cogent Partners.
In this video from the PartnerConnect East conference, Michael Felman, the president of MSF Capital Advisors, a a global multi-family office, discusses the opportunities for direct investing and fund investments, in both venture capital and buyouts.
U.S.-based buyout and mezzanine shops raised more than $103.3 billion in capital through July 4. The latest fundraising tally is significantly higher than the same time last year when buyout and mezzanine shops managed to raise only $79.1 billion.
From the Editor
Many advisers preach to their clients the importance of maintaining a steady commitment pace to alternative investments, in part to ensure money gets deployed during both good times and bad. In practice, limited partners often fall short of this ideal.
Inside the Deal
Readers of Buyouts are familiar with the JOBS Act, which, among other things, lifted the ban against general solicitation for certain exempt offerings and will, once the U.S. Securities and Exchange Commission approves regulations, permit non-accredited investors to make investments into exempt offerings through crowdfunding “portals.”
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