1. How are you navigating the high-priced environment? Over the last few years as credit prices have been high, equity prices have been high, we wanted to build a portfolio that focuses on much more nichey, uncorrelated cash-flow investments not dependent on the broader public markets for entry or exit. When the markets experience spurts […]
Beth Wiener joined Marcum LLP in 1995, a year or two before the firm took on its first private equity project. “We got in the industry at the right time,” she said. “The late ’90s was really when funds were taking off.” It was also the client’s first fund. Wiener, who has an auditing background, recalled […]
Chiang: Beneficiaries can see “behind the curtain” of PE AB 2833 clears legislature with unanimous votes Bill goes to Gov. Brown, who has 30 days to decide California’s private equity transparency bill is on its way to Gov. Jerry Brown’s desk, its final hurdle to becoming law. AB 2833, sponsored by Assemblyman Ken Cooley and State Treasurer […]
Jordan Stone worked at OpenGate for seven years Works in business development Platinum targeting $4.5 bln for Fund IV Jordan Stone, a former vice president at OpenGate Capital, recently joined Platinum Equity as a senior vice president in business development. Stone spent seven years at OpenGate in business development, from 2009 to July 2016. He […]
PRIVATE EQUITY FIRMS Carlyle Group named Sandra J. Horbach co-head of the U.S. buyout business, joining Peter Clare. Horbach was formerly head of the consumer and retail team. She succeeds Allan M. Holt, who becomes chairman of U.S. buyouts and chairman of the investment committee for Carlyle’s U.S. buyout funds. Jay W. Sammons, a senior member of the consumer and retail […]
The credit markets saw a rocky start to 2016 and big moves immediately after Brexit. Any observations? We’ve been negative on credit for a while now. Oil and gas are a big problem as well as metals and mining. That will not go away. When these capital structures were constructed two or three years ago, they […]
Bill Stoffel reckons he’s worked with all but one or two of the largest private equity firms in the past 20 years. The leader of Ernst & Young’s U.S. PE practice, Stoffel now spends three-quarters of his time with a single very large client. “It’s a pretty multipronged beast,” Stoffel said of private equity, though […]
New exec formerly served with U.S. Air Force; worked at Audax Another was at Lindsay Goldberg Both recently graduated from Wharton MBA program Thompson Street Capital Partners hired two vice presidents who recently earned their MBAs from Wharton after working at other private-equity firms. The two executives will work on the St Louis firm’s acquisitions team […]
Pittman worked with ILPA on reporting templates BCIMC recently separated PE from infrastucture Has been doing more direct investing Jim Pittman, a former senior member of the private equity group at Canada’s Public Sector Pension Investment Board, earlier this year joined British Columbia Investment Management Corp to run PE. Pittman joined BCIMC as senior vice president in private […]
Cancellieri joins Permal as a principal Worked at SL Capital from 2008 Permal focuses on smaller end of the market Former SL Capital Partners executive John Cancellieri joined Permal Capital Management as a principal. Cancellieri joined in July, according to his LinkedIn profile. He’s evaluating, analyzing and monitoring portfolio investments, his biography on Permal’s website […]