Crystal & Co is intermediary between insurance companies and PE firms RWI helps simplify M&A negotiations RWI costs 2 to 4 pct of limit of insurance policy Representations and warranties insurance (RWI) is a hot topic in M&A, especially since the policies help simplify negotiations in the sale of a company. RWI provides protection for […]
1. Have you gotten lots of calls after Third Avenue Focused Credit announced December 10 it had shut down and placed its remaining assets into a liquidating trust? Has leverage gotten tighter lately as a result? You can still get leverage, but you can’t get more than 5x EBITDA. And 4x EBITDA seems more like the […]
Lauren Lenfest to leave her role on February 5 System describes departure as retirement Promoted to sole alternatives head in 2011 Lauren Lenfest, the head of private equity at the Pennsylvania State Employees’ Retirement System, will leave the pension on February 5, a spokeswoman confirmed. PA SERS, with about $26.5 billion in total assets, hasn’t […]
Lawrence Fang worked at Pomona since 2005 Started at Willowridge January 4 Pomona lost Partner Doug Kelly last year Secondaries shop Willowridge Partners has hired former Pomona Capital executive Lawrence Fang as a principal. Fang started at Willowridge on January 4, said Jerry Newman, who heads the firm. Update: Fang also is a full member of […]
Halfenger to focus on anti-money laundering, cybersecurity Halfenger: “I left a good team in place” Bain website lists Sean Doherty as new chief compliance officer Bain Capital’s Global Chief Compliance Officer Alan Halfenger left the firm to take a position with ACA Compliance Group, a financial services consulting firm. He joined ACA as a partner on […]
Christian Johnson, John Hwang promoted Firm counts nine professionals among partnership group Fund VI netting 24.4 pct IRR as of June 30, says NYC pension Freeman Spogli & Co promoted two of its principals to partner at the start of the year, according to the firm’s website. New Partners John Hwang and Christian Johnson started their […]
John Angelo headed firm for 27 years Died on Jan. 1 after long cancer battle Began finance career in 1966 John Angelo, the head and co-founder of New York-based investment firm Angelo, Gordon & Co, has died at age 74, according to an email sent to the firm’s employees. Angelo, who was chief executive officer […]
A specialist in executive coaching, training for presentations and helping private equity firms thrive, Steve Giglio has worked with more than 20,000 pros from the ranks of alternative investments and corporate America since launching his practice in 1989. He also penned the 2003 book “Beating the Deal Killers … Overcoming Murphy’s Law (and other Selling Nightmares).” Nowadays, Giglio is […]
1. As managing director on Hamilton Lane’s Co-Investment Team, can you tell us how the firm approaches co-investing and if it would consider a direct investment? We don’t generally do directs. With our co-investment strategy we’re investing directly into companies alongside GPs as co-investors — not to compete, but to be good partners. We’ll live as […]
Former Paul Capital exec Sullivan is expanding secondaries team Plans to hire a vice president of secondaries Grosvenor has existing secondaries practice Grosvenor Capital Management, which last year brought on a former Paul Capital executive, is expanding its capabilities around secondaries investments, according to a source and a spokesman for Grosvenor. Brian Sullivan, former partner at […]