What are some of the major themes for 2017? [There] are a number of economic and geopolitical issues in the world. When there’s disruption in a sector or a geography, that usually provides an opportunity. You had an Italian referendum. Whether Italy can restructure their banks now is a question. It’s certainly important to the […]
Glansaol led by Alan Ennis Warburg combines Laura Geller, Julep, Clark’s Botanicals New platform targeting additional acquisitions Warburg Pincus’s consumer portfolio is getting a makeover. The global private equity firm partnered with former Revlon Inc CEO Alan Ennis to combine three beauty and personal-care companies under a new platform, known as Glansaol, the firm said […]
Benjamin Wilson helped lead PEI Funds Former partner filed lawsuit against firm founder Firm canceled annual meeting last fall Benjamin Wilson, a managing director at old-line secondary shop PEI Funds, has left the firm, according to a friends-and-family email seen by Buyouts. Exactly when Wilson left is unclear. He said in the email he was […]
No negative relationship between turnover and performance Turnover gives firms chance to sweep out underperformers Makes room for skilled, productive new talent Talk to any limited partner and one of the major concerns about GP relationships you will hear is team stability: There’s nothing like a major departure from a private equity firm to keep […]
Principal at firm with at least $1.1 bln averaged $567,857 VPs averaged $380,833 Principals got an average of 2 pct carry The average cash compensation for mid-level executives at middle-market private equity firms in 2015 was $456,904, as reported by 22 respondents in a survey earlier this year by Private Equity Principal Group. Cash compensation (salary and […]
Weisdorf led CPPIB private markets from 2000-2003 Went on to be CEO, CIO of JPMorgan’s $10 bln infra team Joins advisory group that includes John Mack, Todd Benson Star Mountain Capital tapped the former head of Canada Pension Plan Investment Board’s private markets team as a strategic investor and senior adviser, Buyouts has learned. Mark […]
Weymouth joined Riverstone in 2007 She helped build firm’s LP relations, fundraising capabilities Riverstone currently raising Fund VI with $8 bln target Elizabeth Weymouth, a partner at Riverstone Holdings who leads fundraising efforts, is leaving the firm, two sources with knowledge of the situation told Buyouts. When Weymouth will leave Riverstone is unclear. She still has […]
Oregon’s Hayes to join FIRSTavenue placement agency Worked as a private equity officer since 2008 Led PE program’s expansion into Asia Andy Hayes, a private equity investment officer with the Oregon State Treasury, is leaving the system for the private sector, James Sinks, a spokesman for the Treasury, confirmed for Buyouts. Hayes is taking a role […]
Kruzel was at Kansas PERS before Washington board Assistant senior investment officer retiring at year end Spent 13 years at Washington Longtime limited partner Janet Kruzel is retiring from Washington State Investment Board at year’s end, spokesman Chris Phillips confirmed for Buyouts. Kruzel was assistant senior investment officer on the eight-member private equity team. The team […]
Before Jeff Warren joined executive-search firm Russell Reynolds Associates, he spent four years doing acquisitions and finance at a KKR portfolio company, KSL Recreation. “I’ve sat on the other side of the table from private equity owners in board meetings and presentations around ‘How do we grow the business?’” Warren said. “I think that perspective […]