Dan Primack

Buyout firms have begun horse-trading size caps and carried interest on new funds, according to Buyouts Magazine. The article – which I’ve since confirmed independently with several LPs – alleges that numerous firms have raised carried interest on new funds from 20% to 25% (which LPs hate), in a de facto exchange for keeping fund […]

60 Minutes typically closes its segments with a profound statement, or at least one that makes you think. But tonight it ended with a red herring. The source was Anne Lauvergeon, chairwoman of French nuclear energy giant AREVA. She commented that those worried about carbon emissions have just four primary energy technologies from which to […]

If there’s one thing that private equity pros know how to do, it’s raise money. So it shouldn’t have been too surprising when former Bain Capital chief Mitt Romney announced that his presidential campaign committee had scored $23 million in Q1 donations. This puts him well ahead of GOP rivals like McCain and Giuliani, and […]

Tons of top-level personnel moves in the LP arena this week. The most notable is that Mel Williams of UNC and Edwin Poston of the Rockefeller Foundation have teamed up to form a new shop called TrueBridge Capital. The Chapel Hill-based shop already has begun marketing a VC fund-of-funds with a target of around $250 […]

CNBC is reporting that Apollo Management is working with Goldman Sachs on a possible IPO. The New York Times, on the other hand, says it’s all a bunch of hooey. So who’s right? I don’t have a conclusive answer, except to say that I also had heard the “Apollo is meeting with Goldman” story, from a […]

Just cleaning off the desktop… Goodwin Procter and ACC America recently held a seminar called What’s Behind Door #3: Avoiding Traps When Buying & Selling Companies. Here are the event’s presentations: acc_3_29_07.pdf An advanced materials and energy tech valuation review from WR Hambrecht: energy_tech_review.pdf A whitepaper on Successful Windown and Exit Management, by Bruce Erickson […]

Ohio could certainly use some good news, after the locals got tossed again by Florida in a national championship game. So here it is: The Ohio Bureau of Workers’ Compensation is just weeks away from exiting the private equity market. Hoorah! Ok, I know what some of you are thinking: “Isn’t this a bad thing, given […]

The sky is gray, Schilling’s arm was less useful yesterday than Gredenko’s and David Tom is the big winner of our March Madness Extravaganza. In other words, it’s time for some Tuesday Talkback. Today’s edition is entirely devoted to The Blackstone Group IPO, since I haven’t done one of these since they filed. Tons of […]

Buyouts Magazine is reporting that Q1 2007 was the busiest quarter on record for leveraged buyouts, with 283 control-stage transactions at a disclosed value of $102.6 billion. The data includes only closed transactions that involve U.S. sponsors and/or U.S. targets. The same period last year saw 248 deals for a disclosed value of just $50.7 […]

I’m pleased to announce the launch of our inaugural Fantasy Baseball League for readers of peHUB.com and PE Week Wire. (full details after the jump) The number of participants is unlimited, and the signup deadline will go through next Thursday (sorry purists, you’ll be unable to count the season’s first few days). Each player will […]