Dan Primack
The sun is shining, oil prices are sinking and Yankee fans get two weeks to gloat/celebrate before getting smacked in the playoffs (Me bitter? You bet). In other words, it’s time for some Thursday ThrowBack. First up is yesterday’s lament that former Gillette chief Jim Kilts got a plum private equity gig. Specifically, I oppose […]
Apologies for the light opining so far this week, but I’ve been consumed by news overload and meetings related to a new project I’m working on (details to come shortly). In the meantime, some quick content to fill your appetites… *** Clint Chao of Formative Ventures on his investment litmus test: Does he want to […]
QuizTime: Keeping with the niche fund theme… Can you name the bi-coastal VC firm that is planning a traditional energy fund (i.e., not cleantech). Hint: The firm’s name is an unintentional giveaway. Quiz Answer: Two weeks ago, I asked if you could name the corporate bigshot-turned-VC who is planning to launch a niche fund under […]
I only attended a small part of yesterday’s Master Class on PE and VC Fund-Raising in New York, but I was there for a panel of placement agents and, of course, my keynote interview with Barry Gonder of Grove Street Advisors. A few, non-comprehensive takeaways for fund-raisers: If you’ve got a large firm, don’t bring […]
HCA has set a shareholder meeting date for its proposed going-private buyout: November 16 at the company’s Nashville, Tenn. executive offices. The delay had led to some speculation of leverage troubles, but now it seems that history’s second-largest LBO is close to the finish line.
Last month, BNP Paribas quietly spun out its last remaining private equity group. This one has renamed itself Shore Points Capital, and focuses on acquisitions of mid-market manufacturing, distribution and services companies. Many such spinouts result in the former parent bank taking a limited partner stake in the first independent fund, plus retaining its interest […]
This column has devoted significant space to the “publicization” of private equity, whereby Joe Investor gains direct access to an asset class that previously had treated him like a female applicant for membership at Augusta National. Examples include business development companies (BDCs), special purpose acquisition vehicles (SPACs) and the listed Apollo and KKR funds in […]
One of the companies within the Red Rocks index is seriously considering a private LBO/hedge fund. Nothing is finalized yet, with a launch date more likely to occur in Q1 2007. Can you name it? Hint: It is not one of the firms that already has a private fund (i.e., not KKR, Apollo, etc.).
The United Nations Conference on Trade and Development has issued its annual World Investment Report, which indicates that more than half of private equity fund capital is being used for foreign direct investment. In 2005, that meant more than $100 billion being disbursed outside of a firm’s headquartered country. You might not think this is […]
It is my regrettable duty to inform you that we lost two venture capitalists last week in separate – albeit both tragic – incidents: Sam Blyakher, a 33 year-old general partner with Accretive Technology Partners, and his wife Rebecca both died last Monday when their car was struck head-on by an SUV that had careened across […]