This week’s jobs include an investment office at the U.S. Energy Department and associates at Morgan Stanley and Alaska Permanent Fund Corporation.
KKR to buy majority of heidelpay; Linden Capital scoops up Collagen Matrix; Sponsors cash in on tech overhaul of legacy industries
First Read begins the week with news that jobs grew at a steady pace in July, John Ratcliffe pulle his name to be Director of National Intelligence, and why is 8chan still online.
In strong fundraising environment, many public systems are under target, LPs work hard to validate fees
Tech companies shopping for a private equity partner must be ready to perform due diligence, as not all PE firms are alike. That's the message from Scott Munro, a venture partner at Inovia Capital, in a PE Hub Canada feature article. Munro argues that only a handful of North American tech PE firms make suitable partners to tech companies in growth mode. He outlines the criteria the best PE firms use to evaluate opportunities and the situations in which they can create optionality for a company's management team and its investors.
First Read ends the week with news that Pentagon puts $10 bln cloud computing contract on hold, Lowes lays off thousands of workers and Trump says he'll go ahead with more tariffs on Chinese goods that would hit iPhones and toys.
How Bain leverages collaboration with tech, life sciences teams
GP-led deals take stunning chunk of secondary market; Lightyear to make more than 3x on Wealth Enhancement; The disconnect between CFOs and PE firms
First Read begins the day with news that Amazon has acquired Israeli startup E8 Storage, the Federal Reserve cuts interest rates for the first time since the financial crisis, and the four major broadcast networks sued Locust, a nonprofit streaming service.
Aurora nears $1.5 bln target on Fund VI; Carlyle switches to C-corp; Thoma Bravo buys J.D. Power