PRIVATE EQUITY FIRMS Altegris Advisors, a provider of alternative investment strategies, hired Robert S. Naka as chief operating officer. Naka previously was COO at Salient Partners. Altegris is owned by Aquiline Capital Partners and Genstar Capital Management. Comvest Partners hired Ashley Ciaburri Rainwater as a director of investor relations. Rainwater previously was director of marketing and investor relations at Kohlberg & Co. General Atlantic named Yong Hak Huh a […]
Schifer was a director in Madison’s underwriting and portfolio management group Schifer expected to join Twin Brook: sources Williams, Clark launched Twin Brook in 2015 Tim Schifer, a longtime Madison Capital Funding employee, has left the firm and will be joining Twin Brook Capital Partners, three sources said. Schifer oversaw parts of Madison Capital’s loan […]
PRIVATE EQUITY FIRMS Antares Capital hired Greg Lawton as managing director for its asset management team. Lawton previously was a managing director at Crescent Capital. Ares Management LP: Peter Higgins joined the firm as a partner and portfolio manager in the Ares Credit Group. Higgins will be based in London and will help lead the expansion of Ares’s European leveraged-finance product. Higgins […]
14 NAIC members raised 18 oversubscribed funds in two years Group promotes diverse managers to LPs Emerging managers must educate themselves about market before fundraising Fundraising for emerging managers is “a tale of two cities,” says Robert L. Greene, president and CEO of the National Association of Investment Companies, a network of diverse-owned private equity […]
I’m going to steal the first question from the title of a research paper you guys put out recently: Are emerging managers worth it? Koenig: There’s a really strong concentration of these first-time funds in the top quartile [of PE fund performance]. Realistically, because that data has been from guys who’ve been successful enough to come […]
Sanjay Gupta joined the bank in 2015 Not clear when or why he left Led U.S. fund investing Sanjay Gupta, head of U.S. fund investing at Caisse de depot et placement du Quebec, has left the organization after about two years. Gupta is no longer listed on the website, his email no longer works and […]
Stake sales are done not simply to cash out founders No word on “angry junior execs” leaving firms in wake of sales Cash is used for growth and GP commitments The private equity world has always seen some angry junior partners, and sales of minority stakes by GPs aren’t driving them to leave their firms, said Michael […]
Use of leverage depends on debt level of each portfolio firm Not seeing inflation in secondaries market Sees a number of large transactions in H2 2017 Benoît Verbrugghe is head of the New York office of Ardian, a fund-of-funds and one of the biggest secondary buyers. Ardian recently sold a significant chunk of its PE portfolio. Why was it […]
Leads PE and VC practice at accounting/tax/advisory firm Tech consulting to enhance access to portfolio company data 10 years in investment banking, left Bear Stearns in 2007 Before becoming a consultant, Jeremy Swan spent 10 years in investment banking, first with Bear Stearns and then with two small boutiques — none of which is still in […]
PRIVATE EQUITY FIRMS Cimbria Capital named Jens Ulrick Hansen a managing director. The Houston private equity firm invests in the water-technology and agribusiness sectors in North America and Europe. Cotton Creek Capital, the Austin private equity firm, hired Nicholas A. Longtin as an associate. Longtin previously was an investment-banking analyst in the global industrials group at UBS Investment Bank. General Atlantic: Preston McKenzie and Eric […]