Survey finds average time to raise emerging manager fund is 11 months LPs plan to commit to an average of two emerging managers per year Anecdotal evidence doesn’t match fundraising numbers Among the toughest things a GP can do is go out and ask people for money. And that is the challenge first-time managers have […]
By Allen Latta, Campton Private Equity Advisors Thousands of private equity funds are being raised right now.[1] For a fund in the market, that’s a massive amount of competition. Limited partners (or LPs), the investors in private equity funds, are constantly meeting with general partners (GPs), the fund managers, to select the very best funds […]
By Chad Holmes, Optiv Recent years have seen multiple high-profile instances of “acquisitions gone wrong” due to data breaches during the M&A process. The most famous of these was in 2016, when an M&A deal between one of the world’s largest telecom companies and a leading internet company was almost derailed by a breach disclosure. […]
By Tim Mundy, Deloitte & Touche One of the biggest shifts in corporate finance since Sarbanes-Oxley is barreling toward private companies and their PE backers. We’re talking about the new revenue-recognition-accounting standard from the Financial Accounting Standards Board and International Accounting Standards Board. On Jan. 1, private companies in all industries will have to conform […]
It’s interesting to go back to my reporting on new-firm formation and find out who managed to reach final close on their first-time fundraising — and who is still out there raising. A crop of strong shops formed over the past year have blown through their fundraising and finished the marathon — a feat that seems like […]
By Helene Banks, Cahill Gordon & Reindel Tick. Tick. Tick. Tick. Many private equity investors imagine a countdown clock as they hurriedly prepare to buy or sell a business. “Time kills deals” is the cliché, and both buy- and sell-side management teams are acutely aware of the need to reach closing day in a timely […]
A big theme at Buyouts Insider’s annual PartnerConnect Midwest conference in late June was firms finding great CEOs to work with and build businesses around. Both Russell Carson of Welsh, Carson, Anderson & Stowe and Sean Cunningham, managing director with GTCR, talked about successful investments in which they partnered with great CEOs. In Welsh Carson’s case, […]
I was pretty confused recently on how a fundless sponsor could complete a fund restructuring. How does one restructure a fund that doesn’t exist? It’s like that scene in “Seinfeld” when Kramer tells Jerry, “I’m at the corner of First and First. Wait a minute. How can the same street intersect with itself? I must […]
Reshaping the healthcare market, one payer services deal at a time
When people think IT outsourcing, they think Bangalore or Hyderabad or any number of tech hubs in South Asia. But Ukraine is rapidly emerging as a leader in competitive IT services, creating new opportunities for savvy private equity investors. A.T. Kearney’s Global Services Location Index ranks Ukraine among the largest outsourcing markets worldwide. The country’s […]