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FFL Capital Partners IV is said to be on its way to a final close above its $1.5 billion target, a market source told Buyouts.
Apollo Global Management has lined up about $2.2 billion in potential oil and gas investment via three partnerships in April, May and June as co-founder Leon Black pursues energy as one of two major themes for the New York-based private equity titan.
The attached is a list of the private equity firms that are are expected to return to the market to raise new funds in 2014
Four LPs talk about why they're bullish about venture funds and what they're looking for at Thomson Reuters' Venture Alpha East 2014 conference in New York. The panelists are Mark Regal, Managing Director of Mililu Inc., Hunter Somerville, Senior Associate at Greenspring, Federico Schiffrin, Senior Vice President at Unigestion (US) Ltd and Roland Reynolds, Managing Director of Industry Ventures LLC.
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The panel is moderated by Joanna Glasner, Senior Editor for Venture Capital Journal.
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Video date: March 27, 2014
Theresa Sorrentino Hajer, Managing Director of Cambridge Associates, delivers a data-filled keynote presentation at Thomson Reuters' Venture Alpha East 2014 conference in New York.
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Video date: March 27, 2014
Connecticut’s state Treasurer Denise Nappier is considering a $150 million commitment to a business development company organized by The Carlyle Group that is seeking up to $1 billion, according to a spokesperson, sister news service peHUB reported.
High Road Capital Partners, a New York-based buyout shop founded by a group of investing pros from The Riverside Company, has received a much warmer reception for its sophomore fund than it did for its predecessor.
Littlejohn & Company is out talking to limited partners about launching its fifth fund with a potential target of $1.5 billion, according to a person who has heard the fundraising pitch, sister news service peHUB reported.
David Cowan, a longtime partner with Bessemer Venture Partners, talks about Bessemer's culture and evolving strategy, including why partners believe scaling up is in the best long-term interests of its investors. Cowan spoke at Thomson Reuters' Venture Alpha West 2013 conference in Half Moon Bay, Calif.
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Video date: Oct. 9, 2013
In a keynote address at Thomson Reuters' Buyouts East conference on April 4, 2013, Silver Lake Co-Founder Glenn Hutchins said he didn't expect to see the economic recovery pick up more steam, but that he was still bullish on the technology sector.
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Laying out his macro-economic outlook for a sluggish growth in U.S. Gross Domestic Product of 2 percent for the next several years, Hutchins said the technology sector offers faster growth.
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He pointed out that Apple Inc. launched the iPad during a weak economy, but the product still took off. “You have to take share of consumer dollars,” he said.
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Overall, investors should focus on growing parts of the global economy by sector and “take control of them,” he said.
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Hutchins, who declined to talk about his firm’s $24 billion bid to buy Dell Inc., said he remains optimistic, but he called on the business community to work to create more jobs.
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“The unhappy situation is not 2 percent growth – the unhappy picture is unemployment,” he said.
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Hutchins said he focuses on macroeconomic forecasts because, “you can make the best company selection but you can still get killed” if overall business conditions take a dive.
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While some may be hoping for the economy to heat up, the current recovery ranks as the “worst…since World War II,” he said.
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“This is the economic recovery,” Hutchins said. “This is what you’re going to get. The recovery is already middle aged. It’s time to do some of the things [you] postponed for the future.”
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By Steve Gelsi, Buyouts magazine
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This story first appeared in Buyouts Magazine. Steve Gelsi is a senior editor at Buyouts Magazine. Any opinions expressed here are entirely his own. Follow him on Twitter @SteveGelsi. Follow Buyouts tweets @Buyouts.
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Video date: April 4, 2013