You’re in an emerging area of finance and law in which lenders make loans to GPs backed by LP commitments. How is the market developing? We hosted 70 attendees at an event on the topic a few years ago. In March, we took part in the annual Fund Finance Association Symposium with 600 clients including […]
PRIVATE EQUITY FIRMS Carlyle Group named Jesse Wu a senior adviser to the Asia buyout team. Wu is former chairman of Johnson & Johnson China and former worldwide chairman of Johnson & Johnson Consumer Group. Clayton, Dubilier & Rice named Nitin Sahney an operating adviser to its funds. Sahney is former president and chief executive of Omnicare Inc. Constitution Capital Partners named Dominic Morell an […]
When Scott Myers co-founded Cogent Partners in 2002, he planned to build a full-service merchant bank for private markets. But Cogent’s secondary-advisory business grew so quickly that the firm ended up focusing mostly there. All told, Cogent completed more than 4,600 secondary transactions prior to its sale to Greenhill & Co for about $100 million in 2015. […]
SEC names O’Riordan co-chief of asset-management unit O’Riordan succeeds Marshall Sprung, who left in April Sprung is global head of compliance at Blackstone The Securities and Exchange Commission named C. Dabney O’Riordan to co-head the Division of Enforcement’s asset-management unit. She succeeds Marshall Sprung, who departed in April. O’Riordan, along with Anthony Kelly, will lead the SEC […]
Not clear why Brice left Three people have moved into leadership role Brice named president in 2008 John Brice, president and chief investment officer of CarVal Investors, left the firm, Ann Folkman, managing director at CarVal, confirmed to Buyouts Tuesday. Why Brice left is unclear. His last day was June 20, Folkman said. He joined […]
Russell Steenberg, managing director at BlackRock, helps oversee about $24 billion of assets under management as global head of BlackRock Private Equity Partners. In his most extensive interview to date, Steenberg sat down in BlackRock’s headquarters in New York City to talk about a wide range of topics including co-investments, pressure from LPs on fees […]
Pierson, 49, joined Lovell Minnick in June Pierson is former co-head of FIG Investment Banking at Credit Suisse Financial services is a place for specialist PE firms: Pierson Why are you joining a private equity firm? I joined Lovell Minnick Partners earlier this month, where I’m president. I spent nearly three years at UBS, where […]
PRIVATE EQUITY FIRMS 3i expanded and enhanced its private equity team with three hires: Nikhil Patel came on board as an associate director in the New York office; Michael Specht joined the Frankfurt team as an associate director as well and Rafik Alili was named an associate in the Paris office. Alili was previously an M&A associate at Lazard Frères. Ardian named […]
Jenner & Block is a white-shoe law firm with a sterling reputation. But it “hasn’t historically had a strong presence in the PE space,” new partner Kyle Gann said. Now, he told Buyouts, that’s changing. “In the last couple of years they’ve been making a lot of hires, in terms of lateral partners coming over to […]
Hillary Clinton will win the presidency Vulnerable Republicans up for re-election will acknowledge publicly that Trump won’t win Sommers was Chief of Staff to ex-House of Representatives Speaker John Boehner Hillary Clinton will emerge victorious in the presidential election, said Mike Sommers, president and CEO of the American Investment Council. Sommers, who spoke June 21 at the […]