Steve Gelsi
A survey finds that there is a larger portion of deal value available for clawbacks in growth equity transactions, than traditional buyouts, if a dispute arises.
Fundless mid-market private equity firm Rotunda Capital Partners has exited its investment in Worldwide Express after growing the UPS logistic provider’s revenue by about 3x in four years.
While growth equity deals of taking minority stakes in more mature companies gain traction by outperforming venture capital, firms specializing in energy sector transactions in the middle market remain less common, according to one sponsor.
In a move reflecting broad industry trends, the New York City Public Pension Funds system continued its shift in its investment focus toward growth capital investments and away from venture capital this summer.
New York City Public Pension Funds marked its largest commitments yet to private equity via marquee funds from Apollo Global Management and CVC Capital Partners. It was part of an overall $1.3 billion series of pledges by the $137 billion retirement system that also included first-time commitments to several emerging managers.
New York City Public Pension Funds marked its largest commitments yet to private equity via marquee funds from Apollo Global Management and CVC Capital Partners. It was part of an overall $1.3 billion series of pledges by the $137 billion retirement system that also included first-time commitments to several emerging managers.
General Atlantichas made a name for itself by taking stakes in high profile firms ranging from social media giant Facebook to women's clothing brand Tory Burch. General Atlantic recently made Form D filings indicating an influx of $623 million but that total is actually $900 million, a source tells Buyouts.
Stephen Schwarzman has heralded the addition of Madison Avenue luminary Shelly Lazarus to the Blackstone Group's board of directors, just as rules prohibiting advertising by private equity firms are being relaxed.
While private equity investments by the Oregon Investment Council now comprise about 22 percent of its $62.4 billion retirement fund, its official ceiling for its buyout holdings remained at only 16 percent—up until now. Moving to match its long-term allocation target to its existing position in private equity funds, the Oregon council OK’d plans to hike its long-term allocation to 20 percent
The State of Wisconsin Investment Board plans to recruit a professional to add to its five-person private equity team to pursue an in-house co-investment program of up to $100 million a year for the $90 billion state retirement system.