Spencer focused on co-investments at Cambridge Joins Jordan Park as a vice president Goldman wealth-management exec formed firm Jamey Spencer, a managing director at Cambridge Associates focused on co-investments, recently joined fledgling family office Jordan Park Group, according to a person with knowledge of the move. Spencer updated his LinkedIn account with the new position. […]
CEO forum advised White House, led by Blackstone chairman Members decided to disband after Trump Charlottesville remarks After initial fanfare, advisory councils hadn’t met in months A White House advisory council led by Blackstone Group’s Stephen Schwarzman has disbanded in the wake of President Donald Trump’s widely criticized response to white supremacist violence in Charlottesville, Virginia. In […]
Sold compliance consulting business CounselWorks to Duff & Phelps in 2016 Expertise in buy-side and sell-side regulations Developed relationships with SEC and Congressional committees In late 2006, Rosemary Fanelli launched a compliance consulting business called CounselWorks. She had been the chief compliance officer of investment bank Allen & Co — a position in which “I was able to become extremely […]
Trump optimism down by more than half M&A still expected to pick up in second half New emphasis on value creation amid increased competition, high multiples David Hellier is president of the Association for Corporate Growth’s New York chapter, which provides a network for middle-market dealmakers in private equity, corporate development, professional services and finance. Hellier […]
SEC wants definitive disclosure about routine business practices The word “may” not always appropriate GPs should analyze whether use of “may” is appropriate Add to the list of things buyout executives should worry about to avoid running afoul of the SEC. If your firm, say, routinely accelerates monitoring fees — a practice that rubs many investors the […]
Zlateva was a director in UBS’s FIG group In 2016, women held 7.3 pct of senior roles at buyout firms: Preqin Lovell employs about 30, including 18 on investment team In the end, Lovell Minnick Partners didn’t need to search far to find its first female dealmaker. Lovell Minnick said Aug. 1 that Roumi Zlateva joined […]
With Lone Star since 2011; had been JP Morgan investment banker President Sam Loughlin is leaving the firm Responsible for real estate and PE investments in U.S., Canada Lone Star Funds announced the appointment of Nick Beevers as president for North America, succeeding Sam Loughlin. Loughlin is leaving the private equity firm. A spokesperson declined comment […]
PE still toxic environment for women: panelists Firms promote more from within Basis for judging women’s success must change LPs and GPs are more conscious of hiring, retaining and promoting women, but it’s still a toxic environment for females in private equity. That was one of the takeaways from a panel discussion during the Emerging Manager […]
Healthcare makes up >20% of lender’s portfolio Unrealistic value expectations of “me too” companies lead to failed processes Diverse pool of capital providers drives up debt multiples Adam Willis serves as a managing director at Madison Capital Funding, where he heads up the lender’s healthcare efforts and leads a dedicated team. Madison, with more than […]
iCapital Network connects GPs with wealthy investors and advisers Platform offers end-to-end automation of alternative investment process UBS recently joined BlackRock as a strategic investor Lawrence Calcano says he spends his working hours on three things: strategy, clients and culture. As CEO of iCapital Network, Calcano is focused first of all on “building out all […]