Selections from Recent Issues
AIG Unit's Takeover Encounters New Hurdle (03/10/2010)
The future of AIG's asset-management division has suddenly become a lot cloudier.
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The future of AIG's asset-management division has suddenly become a lot cloudier.
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Blackstone Hit by Infrastructure Slowdown (03/03/2010)
It looks like Blackstone Group is in for another long fund-raising slog.
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It looks like Blackstone Group is in for another long fund-raising slog.
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Veronis Marketing Chief Jumps to Rival 3i (02/24/2010)
Veronis Suhler Stevenson is losing its investor-relations chief to 3i Group.
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Veronis Suhler Stevenson is losing its investor-relations chief to 3i Group.
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Secondary Sale to Wrap Up RBS Retreat (02/17/2010)
RBS is about to put its entire portfolio of private equity fund interests in play.
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RBS is about to put its entire portfolio of private equity fund interests in play.
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Debt Refis Gain Momentum on Falling Costs (02/10/2010)
A flurry of leveraged-loan refinancings is in the works.
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A flurry of leveraged-loan refinancings is in the works.
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Bank of Scotland Investments Back In Play (02/03/2010)
Troubled Lloyds Banking is trying again to shed a portfolio of private equity holdings that it put on the market last year.
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Troubled Lloyds Banking is trying again to shed a portfolio of private equity holdings that it put on the market last year.
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Proposed Bank Ban Rattles SBIC Operators (01/27/2010)
Market advocates are petitioning federal lawmakers to ensure that banks won't be prohibited from investing in private equity funds operating under the U.S. Small Business Administration's Small Business Investment Company program.
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Market advocates are petitioning federal lawmakers to ensure that banks won't be prohibited from investing in private equity funds operating under the U.S. Small Business Administration's Small Business Investment Company program.
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Macquarie Aims to Triple Clean-Tech Pool (01/20/2010)
Macquarie Funds Management has commenced broad marketing efforts for a fund of funds geared toward clean-technology investments.
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Macquarie Funds Management has commenced broad marketing efforts for a fund of funds geared toward clean-technology investments.
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Energy-Buyout Team Aims for Splashy Debut (01/13/2010)
An energy-focused buyout shop is marketing its first fund, with an aggressive equity target.
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An energy-focused buyout shop is marketing its first fund, with an aggressive equity target.
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China Specialists Hit Reduced Equity Goals (01/06/2010)
Two China-focused private equity funds are about to wrap up their marketing efforts, after hitting scaled-backed equity targets.
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Two China-focused private equity funds are about to wrap up their marketing efforts, after hitting scaled-backed equity targets.
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StepStone Leader Packing Bags for Beijing (12/16/2009)
Stepstone Group founder Monte Brem is moving to China, where he'll oversee ongoing efforts by the private equity consultant to expand its overseas presence.
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Stepstone Group founder Monte Brem is moving to China, where he'll oversee ongoing efforts by the private equity consultant to expand its overseas presence.
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Lucrative Exit Brightens Outlook for DW (12/09/2009)
DW Healthcare's capital-raising prospects just got a lot stronger.
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DW Healthcare's capital-raising prospects just got a lot stronger.
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Natixis Exploring Private Equity Spinoff (12/02/2009)
Natixis is looking into the possibility of spinning off some 18 private equity units that together manage an estimated €1.5 billion ($2.25 billion) for the bank.
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Natixis is looking into the possibility of spinning off some 18 private equity units that together manage an estimated €1.5 billion ($2.25 billion) for the bank.
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Ex-Aldus Partner Sets Aggressive Outlook (11/18/2009)
Kicking off an effort to turn his newly purchased United Investment Managers into a major player in its field, former Aldus Equity partner Marcellus Taylor is developing four new funds of funds.
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Kicking off an effort to turn his newly purchased United Investment Managers into a major player in its field, former Aldus Equity partner Marcellus Taylor is developing four new funds of funds.
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CapStreet Gains Some Marketing Leeway (11/04/2009)
CapStreet Group has set a new timeline to finish marketing its third fund.
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CapStreet Group has set a new timeline to finish marketing its third fund.
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Goals Held in Check at KKR, First Reserve (10/28/2009)
Kohlberg Kravis Roberts and First Reserve won't raise as much as recently projected for their debut infrastructure funds.
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Kohlberg Kravis Roberts and First Reserve won't raise as much as recently projected for their debut infrastructure funds.
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Power Struggle Keeps Nogales LPs On Edge (10/21/2009)
Nogales Investors' limited partners have suddenly found themselves with their hands full, while the Los Angeles private equity shop contends with a management upheaval amid dismal performance.
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Nogales Investors' limited partners have suddenly found themselves with their hands full, while the Los Angeles private equity shop contends with a management upheaval amid dismal performance.
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Black Diamond Taking Aggressive Turn (10/14/2009)
Black Diamond Capital Management has halted efforts to assemble an add-on for its latest distressed-debt fund, so it can seek twice as much equity for a stand-alone vehicle.
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Black Diamond Capital Management has halted efforts to assemble an add-on for its latest distressed-debt fund, so it can seek twice as much equity for a stand-alone vehicle.
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Registration Rush Squeezes Placement Firms (10/07/2009)
Small placement agents may become a thing of the past, as increasing pressure to register their operations forces them to grow or die.
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Small placement agents may become a thing of the past, as increasing pressure to register their operations forces them to grow or die.
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Stanford Puts Gargantuan Portfolio In Play (09/30/2009)
Stanford Management is shopping the alternative-investment industry's largest secondary-market offering ever.
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Stanford Management is shopping the alternative-investment industry's largest secondary-market offering ever.
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CarVal Leaps Into Crowded Debt-Fund Scene (09/23/2009)
CarVal Investors is about to start marketing a distressed-debt fund with a $2 billion equity target.
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CarVal Investors is about to start marketing a distressed-debt fund with a $2 billion equity target.
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Credit Lines Prove Costly for Starved VCs (09/16/2009)
As fund-raising strains increasingly prompt venture capital firms to seek out credit lines, many are finding that lenders want considerable amounts of collateral for what little financing they are willing to supply.
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As fund-raising strains increasingly prompt venture capital firms to seek out credit lines, many are finding that lenders want considerable amounts of collateral for what little financing they are willing to supply.
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Madoff Connections Kill Santander Offering (08/26/2009)
Banco Santander is scrapping a planned infrastructure fund, after some of its other vehicles were stung by fraudster Bernard Madoff.
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Banco Santander is scrapping a planned infrastructure fund, after some of its other vehicles were stung by fraudster Bernard Madoff.
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Columbia Sputters After Adams Street Deal (08/19/2009)
Columbia University's endowment is calling off a secondary-market offering of nearly $1 billion, after selling a sliver of the portfolio to Adams Street Partners.
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Columbia University's endowment is calling off a secondary-market offering of nearly $1 billion, after selling a sliver of the portfolio to Adams Street Partners.
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Turnaround Shop Citing Cerberus Pedigree (08/12/2009)
A half-dozen Cerberus Capital alumni are seeking commitments for a new turnaround fund.
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A half-dozen Cerberus Capital alumni are seeking commitments for a new turnaround fund.
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Secondary Brokers Face New Competition (08/05/2009)
The secondary-market brokerage business is getting increasingly crowded, even as sales remain sluggish.
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The secondary-market brokerage business is getting increasingly crowded, even as sales remain sluggish.
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Placement Agents Fight Pension Bans . . . (07/29/2009)
About two dozen placement agents have teamed up to combat government efforts to bar them from pitching private equity funds to public pension systems.
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About two dozen placement agents have teamed up to combat government efforts to bar them from pitching private equity funds to public pension systems.
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Charlesbank Campaign Runs Beyond Capacity (07/22/2009)
Fulfilling predictions that it would pull off one of today's rare marketing successes, Charlesbank Capital's latest buyout fund has attracted more commitments than it can accommodate.
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Fulfilling predictions that it would pull off one of today's rare marketing successes, Charlesbank Capital's latest buyout fund has attracted more commitments than it can accommodate.
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Kauffman Fellowships Extend Global Reach (07/15/2009)
The Center for Venture Education has expanded the scope of its Kauffman Fellowship Program to encompass participants in several new countries, and nearly two-dozen new firms.
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The Center for Venture Education has expanded the scope of its Kauffman Fellowship Program to encompass participants in several new countries, and nearly two-dozen new firms.
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BlackRock Fund of Funds Falls Short of Goal (07/08/2009)
BlackRock has stopped accepting capital for its latest private equity fund of funds, coming up more than 20% short of its $1 billion target due to a weak investment climate and concerns about the stability of its staff.
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BlackRock has stopped accepting capital for its latest private equity fund of funds, coming up more than 20% short of its $1 billion target due to a weak investment climate and concerns about the stability of its staff.
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GPs Feeling Steamrolled Into ILPA Summit (07/01/2009)
Managers of private equity funds are grumbling that investors have been bullying them into signing up for a costly mixer hosted by the Institutional Limited Partners Association.
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Managers of private equity funds are grumbling that investors have been bullying them into signing up for a costly mixer hosted by the Institutional Limited Partners Association.
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Cerberus to Salvage 1/4 of Chrysler Outlay (06/24/2009)
Cerberus Capital is zeroing in on a loss projection for its investment in Chrysler, and it isn't the complete wipeout many have been expecting.
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Cerberus Capital is zeroing in on a loss projection for its investment in Chrysler, and it isn't the complete wipeout many have been expecting.
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Fidelity Cutting Off Private Equity Unit (06/17/2009)
Fidelity Investments is shutting down its buyout division.
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Fidelity Investments is shutting down its buyout division.
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Lenders May Lay Claim to GSC's Best Assets (06/10/2009)
Struggling GSC Group could end up pledging the contents of its distressed-debt portfolio as collateral for last-gasp financing that would replace a loan it defaulted on last month.
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Struggling GSC Group could end up pledging the contents of its distressed-debt portfolio as collateral for last-gasp financing that would replace a loan it defaulted on last month.
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Wayzata Shelves Capital-Raising Initiative (06/03/2009)
Wayzata Investment has suspended development of its next distressed-debt fund.
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Wayzata Investment has suspended development of its next distressed-debt fund.
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KKR Shines Spotlight on 'Discounted' Fees (05/27/2009)
Kohlberg Kravis Roberts is talking up a cut-rate fee schedule for its maiden infrastructure fund, reinforcing perceptions that the vehicle's year-old marketing drive is in need of a boost.
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Kohlberg Kravis Roberts is talking up a cut-rate fee schedule for its maiden infrastructure fund, reinforcing perceptions that the vehicle's year-old marketing drive is in need of a boost.
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Investors Seek Concessions in HRJ Takeover (05/20/2009)
Some HRJ Capital investors are trying to negotiate better terms for a planned sale of the fund-of-funds manager to Capital Dynamics, while three former employees sue the embattled firm for unpaid wages.
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Some HRJ Capital investors are trying to negotiate better terms for a planned sale of the fund-of-funds manager to Capital Dynamics, while three former employees sue the embattled firm for unpaid wages.
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Ex-Marsh Pros Staging Parallel Campaigns (05/13/2009)
Two independently run buyout firms whose histories involve Marsh & McLennan are pitching offerings of funds designed to invest in financial-services companies.
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Two independently run buyout firms whose histories involve Marsh & McLennan are pitching offerings of funds designed to invest in financial-services companies.
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Sour Market Triggers Concessions From DFJ (05/06/2009)
Draper Fisher Jurvetson has cut the equity target and fees for its newest venture capital fund, in hopes of invigorating the vehicle's marketing drive.
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Draper Fisher Jurvetson has cut the equity target and fees for its newest venture capital fund, in hopes of invigorating the vehicle's marketing drive.
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Duke, UVA Expel Private Equity Specialists (04/29/2009)
Two endowments have edged out senior private equity professionals in recent weeks - an action many market players once considered unthinkable.
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Two endowments have edged out senior private equity professionals in recent weeks - an action many market players once considered unthinkable.
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Pre-Commitments Sting Silicon Valley Bank (04/22/2009)
A unit of Silicon Valley Bank is looking for ways out of some $200 million of private equity fund commitments, in a replay of a situation that led to the downfall of client HRJ Capital.
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A unit of Silicon Valley Bank is looking for ways out of some $200 million of private equity fund commitments, in a replay of a situation that led to the downfall of client HRJ Capital.
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Confident Charlesbank Aims to Beat Market (04/15/2009)
Charlesbank Capital has launched a $1.25 billion capital-raising effort, with a sense of confidence that is rare in today's dreary market.
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Charlesbank Capital has launched a $1.25 billion capital-raising effort, with a sense of confidence that is rare in today's dreary market.
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Siguler's Domain to Expand With BONY Pact (04/08/2009)
Bank of New York is handing Siguler Guff oversight of a series of vehicles it recently took over from a joint venture with WestLB.
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Bank of New York is handing Siguler Guff oversight of a series of vehicles it recently took over from a joint venture with WestLB.
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Apollo Engineers Portfolio-Company Rescues (04/01/2009)
One of Apollo Global's buyout funds has found itself holding stakes in so many troubled companies that the firm is assembling a vehicle specifically to buy their debt.
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One of Apollo Global's buyout funds has found itself holding stakes in so many troubled companies that the firm is assembling a vehicle specifically to buy their debt.
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Bear Duo Leads Houlihan Into Secondaries (03/25/2009)
Houlihan Lokey has hired Bear Stearns Asset Management alumni Jeffrey Hammer and Paul Sanabria to start a secondary-market advisory group.
Read more.
Houlihan Lokey has hired Bear Stearns Asset Management alumni Jeffrey Hammer and Paul Sanabria to start a secondary-market advisory group.
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Hostile Market Torpedoes West Hill's Debut (03/18/2009)
West Hill Partners has canceled the marketing campaign for its debut fund.
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West Hill Partners has canceled the marketing campaign for its debut fund.
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Banking Veteran Setting Sights on Buyouts (03/11/2009)
One-time Bear Stearns mergers-and-acquisitions chief Louis Friedman is starting his own private equity firm.
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One-time Bear Stearns mergers-and-acquisitions chief Louis Friedman is starting his own private equity firm.
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Recruiters Get Slammed by Hiring Freeze (03/04/2009)
The private equity industry's troubles are putting the squeeze on recruiting firms.
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The private equity industry's troubles are putting the squeeze on recruiting firms.
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Mount Kellett Funding Goals Tough to Reach (02/25/2009)
With its debut fund-raising push falling well short of expectations, investors are questioning whether distressed-debt player Mount Kellett Capital got ahead of itself in building up its operations.
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With its debut fund-raising push falling well short of expectations, investors are questioning whether distressed-debt player Mount Kellett Capital got ahead of itself in building up its operations.
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Allied Giving Up on Buyout-Fund Offering (02/18/2009)
Growing internal and external pressures may force business-development company Allied Capital to abandon plans for a traditional buyout fund.
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Growing internal and external pressures may force business-development company Allied Capital to abandon plans for a traditional buyout fund.
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Blackstone Accountants Look Beyond Crisis (02/11/2009)
Blackstone Group's yearend portfolio valuations will only partially reflect last year's plunging asset values.
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Blackstone Group's yearend portfolio valuations will only partially reflect last year's plunging asset values.
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Conditions Ripe for Rapid Secondary Growth (02/04/2009)
Secondary-market deal volume is expected to continue multiplying this year, as buyers and sellers alike intensify their involvement in the sector.
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Secondary-market deal volume is expected to continue multiplying this year, as buyers and sellers alike intensify their involvement in the sector.
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Troubled Citi Nixes Prestigious Conference (01/28/2009)
Citigroup has canceled its annual "Private Equity and Alternatives Conference," an exclusive gathering of high-profile players from the private equity world.
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Citigroup has canceled its annual "Private Equity and Alternatives Conference," an exclusive gathering of high-profile players from the private equity world.
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Aldus Alumni Play on New-Manager Focus (01/21/2009)
Three former Aldus Equity executives, including co-founder Marcellus Taylor, are starting a fund-of-funds shop that would aim to invest with new private equity firms.
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Three former Aldus Equity executives, including co-founder Marcellus Taylor, are starting a fund-of-funds shop that would aim to invest with new private equity firms.
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Financial Crisis Rocks Biggest Managers (01/14/2009)
Each of the private equity industry's five largest fund managers is heading into 2009 with fresh wounds from the financial crisis, underscoring a radically changed market outlook.
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Each of the private equity industry's five largest fund managers is heading into 2009 with fresh wounds from the financial crisis, underscoring a radically changed market outlook.
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Critical Deadline Looms for HRJ Ownership (01/07/2009)
Embattled fund-of-funds manager HRJ Capital may no longer be able to avoid a seizure of its operations by Silicon Valley Bank.
Read more.
Embattled fund-of-funds manager HRJ Capital may no longer be able to avoid a seizure of its operations by Silicon Valley Bank.
Read more.
South Carolina to Prune Apollo Commitment (12/17/2008)
South Carolina Retirement is seeking to scale back a $750 million commitment to Apollo Management.
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South Carolina Retirement is seeking to scale back a $750 million commitment to Apollo Management.
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Backers Consider Bailing on Lehman Unit (12/10/2008)
Investors in at least one Lehman Brothers private equity fund may seek to walk away from undrawn commitments, as they grow increasingly skittish about the prospects for their holdings.
Read more.
Investors in at least one Lehman Brothers private equity fund may seek to walk away from undrawn commitments, as they grow increasingly skittish about the prospects for their holdings.
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Heppner Seeking Payback for Lehman Deal (12/03/2008)
An operation headed by the sharp-elbowed Brad Heppner is accusing former parent Lehman Brothers of ignoring its attempts to buy the bankrupt institution's fund-of-funds business.
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An operation headed by the sharp-elbowed Brad Heppner is accusing former parent Lehman Brothers of ignoring its attempts to buy the bankrupt institution's fund-of-funds business.
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Guarded KKR Enters Hushed Marketing Talks (11/19/2008)
Kohlberg Kravis Roberts is in the earliest stages of marketing its next buyout fund.
Read more.
Kohlberg Kravis Roberts is in the earliest stages of marketing its next buyout fund.
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PNC, Lincoln Put Investments Up for Grabs (11/12/2008)
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CORRECTION: A Nov. 12 article, "PNC, Lincoln Put Investments Up for Grabs," was incorrect. While at least two Pennsylvania financial institutions are shopping private equity fund stakes on the secondary market, neither Lin
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CORRECTION: A Nov. 12 article, "PNC, Lincoln Put Investments Up for Grabs," was incorrect. While at least two Pennsylvania financial institutions are shopping private equity fund stakes on the secondary market, neither Lin
Read more.
Cash-Poor LPs Face Capital-Call Pressure (11/05/2008)
Brown University, Calpers and Carnegie Corp. are suddenly finding it hard to meet capital calls from private equity fund managers.
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Brown University, Calpers and Carnegie Corp. are suddenly finding it hard to meet capital calls from private equity fund managers.
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Duke Shedding Fund Stakes to Raise Cash (10/29/2008)
Duke University's endowment is preparing to offer a massive chunk of its $2 billion-plus private equity portfolio to meet liquidity needs and address its over-allocation to alternative investments.
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Duke University's endowment is preparing to offer a massive chunk of its $2 billion-plus private equity portfolio to meet liquidity needs and address its over-allocation to alternative investments.
Read more.
Strapped LPs Backing Out of Commitments (10/22/2008)
Cash-squeezed limited partners have begun reneging on their commitments to private equity funds.
Read more.
Cash-squeezed limited partners have begun reneging on their commitments to private equity funds.
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Lehman Buyout Team Mulls Tough Choices (10/15/2008)
The professionals overseeing Lehman Brothers' buyout funds are sorting through a complex set of options for the future of the vehicles and their careers.
Read more.
The professionals overseeing Lehman Brothers' buyout funds are sorting through a complex set of options for the future of the vehicles and their careers.
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Bidders Circle as Lehman Preps VC Spinoff (10/08/2008)
At least four major secondary-market investors are in talks to buy Lehman Brothers' $800 million venture capital unit, including its management team.
Read more.
At least four major secondary-market investors are in talks to buy Lehman Brothers' $800 million venture capital unit, including its management team.
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Reservoir Trims Plan for Unusual Fund (10/01/2008)
Reservoir Capital has lowered by $500 million its fund-raising goal for a still-large vehicle that is unusual in both the way it is structured and the combination of industries it is targeting.
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Reservoir Capital has lowered by $500 million its fund-raising goal for a still-large vehicle that is unusual in both the way it is structured and the combination of industries it is targeting.
Read more.
New Landscape Creates Secondary Field Day (09/24/2008)
Wall Street's latest carnage could create a flood of investment opportunities for secondary-market funds, but probably not until late this year.
Read more.
Wall Street's latest carnage could create a flood of investment opportunities for secondary-market funds, but probably not until late this year.
Read more.
Apollo Grinding Toward Extended Deadline (09/17/2008)
Apollo Global has pushed back the final close of its latest fund by about three months, officially placing the firm on an ever-growing list of private equity shops that have seen their capital-raising prospects stall in recent months.
Read more.
Apollo Global has pushed back the final close of its latest fund by about three months, officially placing the firm on an ever-growing list of private equity shops that have seen their capital-raising prospects stall in recent months.
Read more.
TA Aiming Higher as Peers Come Up Short (09/10/2008)
TA Associates is preparing to show investors its latest buyout fund.
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TA Associates is preparing to show investors its latest buyout fund.
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Ventures West Mothballs Fund 9, Cuts Staff (08/20/2008)
One of the better-known Canadian venture capital firms, Ventures West, has discontinued a struggling fund-raising effort and shed some of its junior and mid-level staffers.
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One of the better-known Canadian venture capital firms, Ventures West, has discontinued a struggling fund-raising effort and shed some of its junior and mid-level staffers.
Read more.
Does Apollo Need Extra Marketing Time? (08/13/2008)
With a fund-raising deadline looming, Apollo Management will serve as the latest test of the increasingly difficult conditions faced by buyout firms in marketing mode.
Read more.
With a fund-raising deadline looming, Apollo Management will serve as the latest test of the increasingly difficult conditions faced by buyout firms in marketing mode.
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More Eying Secondary Advisory Business (08/06/2008)
Growing volume in the private equity arena's secondary market is attracting more players interested in advising on such transactions.
Read more.
Growing volume in the private equity arena's secondary market is attracting more players interested in advising on such transactions.
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Prism Heading Down Tough Marketing Trail (07/30/2008)
Prism VentureWorks is marketing its sixth fund, which could prove a tough sell with investors despite efforts by the firm to address lackluster performance through a change in leadership.
Read more.
Prism VentureWorks is marketing its sixth fund, which could prove a tough sell with investors despite efforts by the firm to address lackluster performance through a change in leadership.
Read more.
Altor Negotiates Fund-Term Switcheroo (07/23/2008)
Altor Equity is telling investors it wants to extend the life of a buyout fund it began marketing in May, while pocketing an increased share of the vehicle's profits.
Read more.
Altor Equity is telling investors it wants to extend the life of a buyout fund it began marketing in May, while pocketing an increased share of the vehicle's profits.
Read more.
Future VC Standouts Land '08 Fellowships (07/16/2008)
The Center for Venture Education has selected 25 aspiring venture capitalists as this year's Kauffman fellows - but the winners of the sought-after apprenticeships aren't the only new faces at the organization.
Read more.
The Center for Venture Education has selected 25 aspiring venture capitalists as this year's Kauffman fellows - but the winners of the sought-after apprenticeships aren't the only new faces at the organization.
Read more.
Weak Market Shelves Weston Presidio Effort (07/09/2008)
In a clear sign that the fund-raising environment has turned hostile, well-regarded buyout shop Weston Presidio has stopped marketing its latest vehicle.
Read more.
In a clear sign that the fund-raising environment has turned hostile, well-regarded buyout shop Weston Presidio has stopped marketing its latest vehicle.
Read more.
Fed-Up Investors Force Reliant to Liquidate (07/02/2008)
Buyout firm Reliant Equity is shutting down what remains of its only fund.
Read more.
Buyout firm Reliant Equity is shutting down what remains of its only fund.
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Carlyle Takes 2nd Whack at Financial Vehicle (06/25/2008)
Carlyle Group has resumed marketing its first financial-services buyout fund, having been forced to shelve the effort last year when a co-head of the vehicle left the firm.
Read more.
Carlyle Group has resumed marketing its first financial-services buyout fund, having been forced to shelve the effort last year when a co-head of the vehicle left the firm.
Read more.
Lehman Vehicle to Back Hedge Fund Firms (06/18/2008)
Lehman Brothers is moving toward a first close on a fund it will use to buy minority stakes in hedge fund managers.
Read more.
Lehman Brothers is moving toward a first close on a fund it will use to buy minority stakes in hedge fund managers.
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Firms Seek High Sums for Secondary Funds (06/11/2008)
Several firms are working to raise a combined total of more than $20 billion for vehicles aimed at an anticipated boom in the secondary market for shares of private equity funds.
Read more.
Several firms are working to raise a combined total of more than $20 billion for vehicles aimed at an anticipated boom in the secondary market for shares of private equity funds.
Read more.
Riverside Trims Carry in Concession to LPs (06/04/2008)
Riverside Co. is lowering some fees on its latest buyout fund after fielding complaints from investors who thought the firm was trying to charge too much.
Read more.
Riverside Co. is lowering some fees on its latest buyout fund after fielding complaints from investors who thought the firm was trying to charge too much.
Read more.
Citi Sends Restarted Buyout Team Packing (05/28/2008)
Citigroup has pulled the plug on a buyout group it set up in July, dismissing all but one member of the unit's investment team and putting its portfolio up for sale.
Read more.
Citigroup has pulled the plug on a buyout group it set up in July, dismissing all but one member of the unit's investment team and putting its portfolio up for sale.
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Wachovia Pulls Plug on AG Edwards Vehicles (05/21/2008)
Wachovia is shuttering a fund-of-funds program run by the former A.G. Edwards, which it bought last year.
Read more.
Wachovia is shuttering a fund-of-funds program run by the former A.G. Edwards, which it bought last year.
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Morgan Stanley Notches Up Secondary Biz (05/14/2008)
Morgan Stanley Alternative Investment is gearing up to start its first-ever secondary-market fund.
Read more.
Morgan Stanley Alternative Investment is gearing up to start its first-ever secondary-market fund.
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Golub Dusts Off Initial Public Offering Plan (05/07/2008)
Golub Capital of New York has revived plans to take itself public, after putting the initiative on ice last year.
Read more.
Golub Capital of New York has revived plans to take itself public, after putting the initiative on ice last year.
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Big LPs Forsake Riverside After Fee Hike (04/30/2008)
Several big investors have opted not to participate in Riverside Co.'s latest buyout fund because of the firm's decision to raise management fees.
Read more.
Several big investors have opted not to participate in Riverside Co.'s latest buyout fund because of the firm's decision to raise management fees.
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LPs Fear LBO Drought Leads Operators Astray (04/23/2008)
The slowdown in the flow of large leveraged buyouts has some limited partners worried that their fund managers are seeking overly creative ways to invest and straying from their tried-and-true strategies.
Read more.
The slowdown in the flow of large leveraged buyouts has some limited partners worried that their fund managers are seeking overly creative ways to invest and straying from their tried-and-true strategies.
Read more.
Where Will Bear's Fund-Raising Team Land? (04/16/2008)
Members of Bear Stearns' placement-agent team are exploring their options as they wait to see whether they have a home with their firm's new owner, J.P. Morgan.
Read more.
Members of Bear Stearns' placement-agent team are exploring their options as they wait to see whether they have a home with their firm's new owner, J.P. Morgan.
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ABN Owners Offering 2 Private Equity Units (04/09/2008)
The three European banks that acquired parts of ABN Amro last year are close to spinning off two private equity teams that were part of the giant Dutch institution.
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The three European banks that acquired parts of ABN Amro last year are close to spinning off two private equity teams that were part of the giant Dutch institution.
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Down 1 Backer, Nautic Makes Do With Less (04/02/2008)
Nautic Partners is expected to complete its latest fund-raising campaign in the next couple months, but with less capital than it originally planned to collect.
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Nautic Partners is expected to complete its latest fund-raising campaign in the next couple months, but with less capital than it originally planned to collect.
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Shaky Market Deals Setback to Blackstone (03/26/2008)
The credit crunch is contributing to delays in Blackstone Group's latest marketing drive.
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The credit crunch is contributing to delays in Blackstone Group's latest marketing drive.
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Turnaround Shops Eager for Bankruptcy Test (03/19/2008)
Turnaround firms believe they are about to see the first widespread opportunities to enjoy the fruits of a three-year-old change to the U.S. bankruptcy code, as credit-crunch-related pressures lead to a rise in corporate failures.
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Turnaround firms believe they are about to see the first widespread opportunities to enjoy the fruits of a three-year-old change to the U.S. bankruptcy code, as credit-crunch-related pressures lead to a rise in corporate failures.
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CCMP Leadership Shift Rankles Investors (03/12/2008)
J.P. Morgan spinoff CCMP Capital told investors on Friday that Jeffrey Walker will step down as its chairman, not long after he played a prominent role in the firm's first independent marketing campaign.
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J.P. Morgan spinoff CCMP Capital told investors on Friday that Jeffrey Walker will step down as its chairman, not long after he played a prominent role in the firm's first independent marketing campaign.
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FASB Rules Weigh Down Secondary Market (03/05/2008)
New accounting rules are exacerbating an already-growing disparity between the prices that secondary-market sellers of interests in private equity funds are asking and those that buyers are willing to pay.
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New accounting rules are exacerbating an already-growing disparity between the prices that secondary-market sellers of interests in private equity funds are asking and those that buyers are willing to pay.
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Riverside Seeks Fee Hike at Unexpected Time (02/27/2008)
Riverside Co. is about to start marketing its latest buyout fund with a significant new twist: a fee hike.
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Riverside Co. is about to start marketing its latest buyout fund with a significant new twist: a fee hike.
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Ex-GM Team Marketing Big Fund of Funds (02/20/2008)
A firm run by General Motors' former private equity team is raising money for its second investment vehicle, an unusually large venture capital fund of funds.
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A firm run by General Motors' former private equity team is raising money for its second investment vehicle, an unusually large venture capital fund of funds.
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Infrastructure Fund Raising Hits Record High (02/13/2008)
A record amount of capital poured into infrastructure-investment funds last year, even as the number of vehicles completing fund-raising campaigns was about the same as in 2006.
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A record amount of capital poured into infrastructure-investment funds last year, even as the number of vehicles completing fund-raising campaigns was about the same as in 2006.
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ArrowPath Execs Negotiating Firm's Future (02/06/2008)
The next few weeks will likely determine the fate of ArrowPath Ventures, which suffered a potentially serious setback a month ago when one of the firm's top two partners headed for the door.
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The next few weeks will likely determine the fate of ArrowPath Ventures, which suffered a potentially serious setback a month ago when one of the firm's top two partners headed for the door.
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Market Seeks Clarity in Megafund Campaigns (01/30/2008)
A great deal of variation is emerging in the timetables that big buyout fund managers are projecting for their latest capital-raising efforts, reflecting uncertainty that has been creeping into the private equity industry.
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A great deal of variation is emerging in the timetables that big buyout fund managers are projecting for their latest capital-raising efforts, reflecting uncertainty that has been creeping into the private equity industry.
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Infrastructure Team Touting Citi Pedigree (01/23/2008)
A team of former Citigroup executives is raising money for a fund that would pursue infrastructure-related investments, in an offering that in certain ways pits them against a group of ex-colleagues.
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A team of former Citigroup executives is raising money for a fund that would pursue infrastructure-related investments, in an offering that in certain ways pits them against a group of ex-colleagues.
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Secondary Shift Spawns Landmark Sidecar (01/16/2008)
Landmark Partners' latest secondary-market vehicle comes with a twist: a separate component geared toward investments in newer private equity funds.
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Landmark Partners' latest secondary-market vehicle comes with a twist: a separate component geared toward investments in newer private equity funds.
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Austin Seeks LP Support for Add-On Idea (01/09/2008)
Austin Ventures has begun talking to investors about an upcoming fund that might include a separate but mandatory co-investment component.
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Austin Ventures has begun talking to investors about an upcoming fund that might include a separate but mandatory co-investment component.
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