Private Equity

Global private equity firms are sitting on more than $2.1 trillion in “Dry Powder.” Their investment decisions and purchasing power will shape the public and private investment markets in ways that shape the future of the global economy. DailyAlts provides constant updates and insights on deal-making, regulatory shifts, global capital flows, and more.

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Melvin: Private Equity Firms Struggle to Deploy Capital – Now What?

Fundraising by private equity funds will set a record in 2019. As of last month,  PE funds have raised $248 billion of new commitments. There were still two months left in the year. Blackstone (BX) had the most substantial raise at $27 billion for its latest fund that closed in September. Advent International raised a $17.5 billion fund that closed in June. And Brookfield (BAM) just announced the closing of a $9 billion fund.

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Tim Melvin: The Case for Private Equity Replication
October 20, 2019

Private equity replication represents a unique opportunity for investors to avoid the high costs of PE investment. Forbes Magazine recently ran a story about the high barriers to entry for…

New KKR Leadership in Americas, Europe, and Asia Pacific
October 16, 2019

KKR leadership changes occurred this week. The private equity giant promoted six people (in three pairs) to lead the firm’s private equity businesses in the Americas, Europe, and Asia-Pacific.

A “Shocking” End to Neil Woodford’s Flagship Fund
October 16, 2019

Neil Woodford is out as manager of the fund he founded. And now, the fund will shut down. Fund administrators closed the fund and said it was not in the…

Private Equity Giant Thoma Bravo Eyes $15 Billion Fund in 2020
October 16, 2019

Thoma Bravo, the Chicago-based, software-focused private equity shop, is considering a megafund. Bloomberg reports the PE firm wants to establish a $15 billion megafund in early 2020.

LGT Capital Partners Announces Close of $1 Billion Asian Fund
October 16, 2019

LGT Capital Partners announced the successful raise of $1 billion. The Swiss alternatives manager will allocate the capital to its fourth private equity fund in the Asia-Pacific region.

Hilton Grand Vacations Might Experience a Bidding War
October 15, 2019

Hilton Grand Vacations may soon experience a bidding war from two private equity titans. Apollo Management has reportedly made an offer for the Orlando0based timeshare company. Early reports suggest a…

KKR & Co Cuts IPO Price for Latitude Financial
October 15, 2019

KKR & Co and its investment partners will lower the IPO price for their Australian non-bank lender Latitude Financial. A Reuters report indicates that the private equity giant could drop…

Two Private Equity Firms Buy Management Services Arm of AECOM
October 14, 2019

Private equity firms Lindsay Goldberg and American Securities are buying assets from construction giant AECOM. The target company issued a report this morning saying it agreed to a deal worth…

Cerberus Buys Closure Systems International from Reynolds Group
October 14, 2019

Cerberus Capital Management announced that one of its affiliates has entered into a definitive agreement to buy assets from Reynolds Group. The private equity giant will acquire the North American,…

Madison Dearborn Partners Eyes Eighth Fund, Sets $4.5 Billion Goal
October 11, 2019

Madison Dearborn Partners, a Chicago-based private equity giant, is launching its eighth fund. The company wants to raise $4.5 billion. The figure would top the $4.4 billion it raised for…