Schuppan exited Cressey in September 2016 Vistria Fund II is seeking $600 mln: Preqin Vistria invests in education, healthcare and financial services David Schuppan, who left Cressey & Co after nearly 18 years, has landed at Vistria Group. Schuppan in September joined Vistria, where he is a partner, his LinkedIn profile said. Vistria is a Chicago […]
Intense focus on cybersecurity Firm concerned about potential elimination of interest expense deduction Expects PE regulatory load to ease 1: How concerned are you about a potential elimination or reduction of the interest expense deduction? We first raised this as part of the [GOP tax blueprint (published in mid-2016)]. We made the point that with the […]
PRIVATE EQUITY FIRMS Apposite Capital said Oct. 9 that Rory Pope was named a partner and member of the management board. Pope has been working with Apposite as a full-time consultant since March. Apposite also appointed Alexander Cunynghame as an investment executive. Arsenal Capital Partners named Patricia Grad a senior managing director and head of investor relations. Previously, she worked at Actis where she was […]
Co-head of firm’s investment banking restructuring vertical More than eight years of experience in restructuring Specializes in advising companies and creditor groups in special situations In August, Carl Marks Advisors reached a close on a deal for a power plant just south of the Mexican border, near Ciudad Juarez. The government-owned utility had awarded the project to a Mexican subsidiary […]
1. How do you feel about the status of comprehensive tax reform? In the context of tax reform, we should keep this in perspective. The House was successful in getting their budget through; the Senate is going to be successful in getting their budget through this week. [Editor’s Note: The Senate approved its budget proposal Oct. […]
Median partner-level salary increase last year was 7 pct Median non-partner-level salary increase in 2016 was 8 pct Partners typically earn well over $300K That investors don’t want fund managers to get wealthy from management fees alone has been a mantra stretching back to the beginnings of the private equity industry. The idea: keep partners […]
Robin Selati who led consumer moves into senior adviser role Nicholas Alexos joins Dentsply Sirona Healthcare continues to be led by Tim Sullivan Two co-founders of Chicago-based Madison Dearborn Partners, Robin Selati and Nicholas Alexos, stepped back from their day-to-day leadership and into other roles, a spokesperson for the firm confirmed for Buyouts. The departures […]
According to the 2017-2018 Holt-MM&K-Buyouts Insider North American PE/VC Compensation Report, the average firm commits 62 percent of its revenue to payroll, with venture coming in the highest at 67 percent. How does your firm compare?
SEC to maintain independence under Trump administration Agency acknowledges need to protect retail investors SEC to monitor capital call facilities, co-investments, fees and expenses Co-investment and capital call facility disclosures will remain top of mind when it comes to private equity enforcement by the SEC, the regional director for the agency’s San Francisco office said […]
Co-founded upstream oil and gas investment firm Partners to develop assets under $100 mln at inception Previously uneconomical deals now feasible Ben Stamets and Josh Batchelor had known each other for around 30 years when they founded Sage Road Capital in 2011. Both grew up in Oklahoma City, and “through a series of coincidences we ended up as […]