Dan Primack

I really don’t want to keep writing about the travails of Pacific Corporate Group, and agree with some critics (mostly within PCG) who suggest that it’s devolving into dangerous obsession. But as long as the scoops keep coming, I’ll keep sharing… The latest is that Tara Blackburn has agreed to join Hamilton Lane Advisors, effective […]

Bob Boldt, former head of the University of Texas Investment Management Company (UTIMCO), today joined Perella Weinberg Partners as head of a new asset management unit called Agility. Bob is an unsung private equity legend, so let’s ask him 5 Questions: 1. Many press reports of your hiring suggest that this is yet another case of […]

Bob Boldt, former head of the University of Texas Investment Management Company (UTIMCO), has agreed to join Perella Weinberg Partners as head of a new asset management unit called Agility. He actually had stepped down from UTIMCO late last year, but his destination was only revealed today. The lead story here is that yet another […]

Some interesting news out of Pacific Corporate Group, which today said that David Fann would serve as president and CEO of the PCG Asset Management spinout. No, the announcement itself isn’t terribly interesting, but rather some background info provided by Fann himself (via a spokesman). Specifically, he addressed two issues raised previously in this space: […]

Just clearing off the desktop… * Law firm Paul Weiss this morning sent a client memo about how Congress might change tax laws affecting investment funds. Key line: “Significant consideration is also being given to carried interest issues, with the focus being whether to characterize that income as compensation for services and not as long-term […]

Charles River Ventures is not buying BigBand Networks. Apologies for the self-obvious news flash, but two separate people have now inquired about the matter. At issue seems to be a the Federal trade Commission’s mid-February ruling that CRV would not be in violation of Hart-Scott-Rodino regs as related to BigBand. Such rulings do often portend […]

During a 2005 speech in San Francisco, David Rubenstein of The Carlyle Group got asked if there was a tangible difference between mega-LBO firms and corporate conglomerates. He acknowledged some obvious similarities, but added one big distinction: LBO firms don’t acquire to indefinitely consolidate – they acquire to ultimately sell. Here’s another: Corporate conglomerates traditionally […]

I just finished being interviewed by a reporter about the possibility of a Chrysler buyout, during which I was asked the following question: “Do you think it could be a club deal?” My response was a more articulate version of “hell yeah.” The question’s undercurrent was this burgeoning notion that club deals are – or […]

The top news item on yesterday’s PE Week Wire was that federal regulators had charged several unnamed individuals with insider trading related to the $45 billion buyout offer for energy company TXU. Specifically, it alleged that the culprits stood to gain $5.3 million after having used inside knowledge to trade TXU stock options just days before […]

Update: Watch the video here. I’ll be on CNBC’s Sqwawk Box program tomorrow morning at 7:40am ET, to discuss how the recent public market correction will affect private equity and M&A activity. My initial thoughts harken back to a speech given by Scott Schoen of Thomas H. Lee Partners, during last year’s Yale Private Equity […]