Texas MRS uses test to assess GPs Scores users on traits: aggression, decision-making, social skills More LPs likely to use such tests in due diligence Every year institutional investors sift through scores of existing and new private equity funds to engage and select potential managers. The usual steps include reference checks, team background and bios, […]
PRIVATE EQUITY FIRMS Acorn Growth Cos, an aerospace and defense-focused private equity firm, named Peter Greenthal CEO. Greenthal also becomes president of Acorn Growth portfolio company Raisbeck Engineering, a provider of aircraft modifications for business and commercial aircraft. Melissa Bethell stepped down as managing director at Bain Capital, Private Equity News said. Bethell joined Bain in 1999 and is one of firm’s […]
LPs overwhelmed with re-ups as GPs come back earlier Some seeking ownership in GPs tied to fund commitments More consideration of uncorrelated assets, credit strategies John McCormick is a partner in the Boston office of Monument Group, with responsibility for investor coverage in the U.S. and Latin America. 1. What’s been driving the record fundraising pace? One […]
Founded, sold wireless company, then entered M&A Tech team spun out of Headwaters MB to form boutique Advised Meetup on its recent sale to WeWork In the wireless industry’s early days, Gary Moon started a business based on research he’d done as an engineering student at Stanford. “There were companies making products, but nobody could really […]
Founded platform for trading private tech stocks New loan program for holders of shares, options Became profitable as exchange for Facebook shares SharesPost, which offers liquidity to shareholders in private companies, has expanded its offerings by launching a non-recourse loan program, enabling shareholders to borrow against their stock and access liquidity without sacrificing the potential upside. This kind of financing […]
Christian Saucedo, the brother of Eric Saucedo, a partner at Tricap Partners who died on Jan. 5, got in touch with me and asked that I include in my story the fact that his brother committed suicide. This was not a request I’m used to getting. Usually in a situation like this, the family wants to keep these […]
Silicon Valley think tank co-founded by Kurzweil, Diamandis Executive Program teaches how to “think exponentially” Blackstone wants to be industry’s data leader: James Blackstone Group’s private equity team has undergone training at Singularity University, the Silicon Valley think tank dedicated to futuristic technology scenarios, President and COO Tony James said on an earnings call. Speaking with analysts Feb. 1 about […]
Jones departure won’t trigger key-man provisions Sack to become sole head of MS Capital Partners Group closed latest mid-market fund last year Alan Jones, co-head of Morgan Stanley Capital Partners, is moving to a senior advisory role and will leave the bank at year-end, a source close to Morgan Stanley confirmed. Jones will stay through […]
TriWest Capital Partners had an eventful 2017. The Calgary firm, a 20-year veteran of private equity investing in Western Canada’s mid-market, made two new platform investments, did a handful of add-on deals, and closed full or partial exits from three portfolio companies, one of them in a high-profile initial public offering. Additionally, TriWest Capital Partners Fund V, which raised $500 million in 2015, reached its halfway point in deployments. PE Hub Canada sat down with Senior Managing Directors Cody Church and Mick MacBean to discuss recent deals and how TriWest is navigating today's challenging market environment.
Gerber retiring after 16 years at Great Hill Dwyer, most recently controller, joined May 2007 Transition to occur over next few months Great Hill Partners Chief Financial Officer and Chief Compliance Officer Laurie Gerber is retiring, to be succeeded in the roles by Controller John Dwyer. Gerber, who has been with Green Hill for almost 16 years, will transition […]