David Toll

Wants to maintain the “joint employer” legal standard for mid-sized companies Aims to preserve the capital-gains tax treatment for carried interest Wants to maintain the deductibility of interest on corporate debt With New Year’s resolutions in the books, now is the time to start making good on them. Gary LaBranche, president and CEO of the Association for […]

Check out the first installment of the Private Equity Cartoon drawn by Executive Editor David M. Toll.

The Small Business Investor Alliance, which lobbies for mid-market buyout and mezzanine shops, including many SBIC funds and BDCs, helped to secure member-friendly legislation as part of two appropriations bills this fall, including a provision that makes it easier for firms to raise additional SBIC funds. SBIA wants the momentum to continue. Among its 2016 objectives, the organization may push […]

Is the much-discussed private equity portfolio of California Public Employees’ Retirement System performing even better than widely thought? An examination of the performance and cost figures that CalPERS released late last month on its private equity program suggests that it is. Revelations include: Realized deals are outperforming the rest of the portfolio, suggesting untapped value in the unrealized portfolio. […]

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Michael Tyler, then senior investment analyst-private markets at Public School Employees’ Retirement System of Pennsylvania, wrote in a March 2013 investment recommendation that New Mountain Capital “has not lost a person at or above the VP level since the start of Fund II,” a vintage 2005 pool. It was a noteworthy achievement for the New York buyout shop given the importance […]

The lesson drawn from several early SEC enforcement actions taken against sponsors is that they shouldn’t keep investors in the dark on how they handle the allocation of fees and expenses. It is especially problematic when their allocation happens to benefit them at the expense of investors. According to a new study, investors refuse to wait for private equity firms to […]

Big jumps in salaries and bonuses await many buyout and growth equity professionals, a reward for their ability to raise and smartly invest larger and larger sums of capital for institutional investors. According to the recently published 2015-2016 Holt-MM&K-Buyouts Insider PE/VC Compensation Report, well over a third (38 percent) of partner-level investment professionals at North American […]

Solomon Owayda and Christine Patrinos have partnered to launch Mozaic Capital, a firm that advises institutional investors on the sale of interests in private equity and related limited partnerships.