David Toll
Some people have the good fortune to spend their careers turning that most cynical of chestnuts — ”life is not fair” — on its head.
The Blackstone Group’s Joe Baratta and The Carlyle Group’s David Rubenstein didn’t always see eye to eye during separate keynote talks at Harvard Business School on Feb. 9, most notably on the question of whether global or regional funds are the way to go.
John Kim is stepping down as a partner at Court Square Capital Partners to join Kelso & Co., a New York buyout shop that appears to be gearing up to raise a new fund, sister news service Buyouts reported.
So much academic research demonstrates what you long suspected. And a new paper showing that interim fund performance influences whether a firm can raise a subsequent fund, as well as the size of that subsequent fund, is no exception.
A recent survey of limited partners has mixed news for general partners heading back to the well for fresh commitments in 2014, with many investors saying they have a strong appetite for U.S. buyout funds but little interest in evaluating new relationships with sponsors. Nearly two-thirds of respondents (62 percent) said they “plan to focus […]
Investors trying to decide which funds to back are putting more emphasis on realized returns, and deploying new tools to understand just how much sponsors beat or fall short of public equity benchmarks, according to interviews with advisers, sponsors, academics and vendors.
Wondering what’s hot with institutional investors? Keep an eye on what products advisers are creating for them. And right now at least two are in the market with energy funds of funds.
Frank (Tripp) Brower III, a founder of Dallas-based placement agency Capstone Partners, died on Sept. 29 of multiple myeloma, at the age of 53, after a 16-month battle with the form of blood cancer. From a standing start in 2001, Brower helped build Capstone Partners into a global player, raising money from offices in Dallas, […]
A lot of money has poured into emerging manager portfolios over the last decade.
More and more endowments and foundations, overwhelmed with the job of managing complex portfolios in a volatile world, are outsourcing their investment functions to third-party money managers, according to an August white paper from the Commonfund Institute. The “outsourced CIO” trend has big implications for private equity firms, as money managers gain discretion over more assets.