Guardian Life Insurance Company of America may sell up to 10 percent of its private equity portfolio on the secondary market, Buyouts has learned.
Limited partners that invest in first-time or other young private equity funds say that emerging managers present some risks, but they often outperform their more established peers in an effort to prove themselves.
Madison Dearborn Partners plans to begin fundraising for its next fund later this year, probably in the second half, said Chairman John Canning.
1) Lee, your firm is working through a $3.64 billion Fund VI closed in mid-2012, buying businesses generating $50 million to $200 million in EBITDA in such fields as manufacturing, specialty chemicals, aerospace, energy, business services, healthcare, restaurants, consumer products and other markets. I’m sure you’d agree the buyout business is all about operational improvements today. […]
Huron Capital Partners won Buyouts’ 2013 Small Deal of the Year for its return in excess of 6x on Labstat International. Any other major milestones you’d like to share since then on the deal front?
David C. Turner, who seven years ago started a private equity portfolio for the Guardian Life Insurance Company of America and led its growth to more than $1 billion, is stepping down effective May 30. Turner will hand the reins to Managing Director Maurice Gordon. (See video interview of Maurice Gordon from June 2014 here.)
University of Texas Investment Management Co’s Bruce Zimmerman said Carlyle Group’s recent hiring of JPMorgan’s Michael Cavanagh marks an example of private equity firms becoming bigger and more institutionalized. (See related video here.)
Alan Patricof, founder of Apax Partners and Greycroft Partners, received a lifetime achievement award from Venture Capital Journal at Thomson Reuters' Venture Alpha East 2014 conference in New York.
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In this interview, Patricof gives tips for a long VC career and weighs in on bitcoin, IPOs and the startup environment.
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Video date: March 26, 2014
Steve Gelsi, senior editor at Buyouts, appeared on Reuters Trading at Noon on March 7 to discuss the deal by Cerberus Capital Management to take Safeway Inc private in a deal valued at about $9.4 billion.
Peter Nolan, Managing Partner at Los Angeles-based Leonard Green & Partners, discusses his firm’s approach to investing in companies, including Whole Foods, J. Crew and The Container Store, and warns that 2014 will be a challenging year.