Private Equity

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.

Top Story

Venture Capital: Mubadala Invested $29B In 2020

May 11, 2021

Pandemic or not, famed sovereign wealth fund Mubadala Investment Company kept a stream of investments flowing into technology, life sciences, consumer goods, and other growth sectors during 2020. In fact, as a strategy, the fund stepped up its investment to $29 billion from $18.5 billion in 2019.

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More Stories on Private Equity

Private Equity giant KKR

Private Equity Giant KKR Announces Special Situations Fund III

October 7, 2019

Private equity giant KKR & Co wants to raise $1.5 billion for its third special situations fund. Reuters reported the June registration of KKR Special Situations Fund III. The private equity firm said during its Q2 conference call that it planned to raise capital for a new special situations fund.

Goldman Sachs

FireEye Is Seeking a Private Equity Buyer, Hires Goldman Sachs as Advisor

October 3, 2019

FireEye (FEYE) is reportedly seeking a private equity buyer. The news comes after the firm failed to locate a strategic buyer. The company reportedly hired Goldman Sachs to guide them through the process. Multiple reports suggest that discussions are in the early stages of development.

Can Apollo Get a Win with ADT after Canadian Services Sale

October 2, 2019

ADT announced is selling ADT Security Services Canada to TELUS Corporation. Terms of the deal are CAD 700 million in cash, subject to certain adjustments.

AssetMark Financial Holdings Buys OBS Financial

October 2, 2019

AssetMark Financial Holdings announced an agreement with Canandaigua National Corporation to buy OBS Financial. OBS is a turnkey asset management platform.

Leeds Equity Partners Buys VitalSmarts from TwentyEighty

October 1, 2019

Leeds Equity Partners has acquired VitalSmarts from TwentyEighty. Vital Smarts is a provider of communication, execution, and, leadership development training.

What’s the Matter With Chinese Private Equity?

September 26, 2019

Chinese private capital dealings slumped dramatically in the first half of the year. A new report from the Emerging Market Private Equity Association reveals startling figures on the state of the Chinese market.

Blackstone Chief Schwarzman: Private Assets Valuations Too High, Bubble-like

September 26, 2019

Stephen Schwarzman, the co-founder, chairman, and CEO of the Blackstone Group said dot.com like conditions prevailed in the startup industry. He said asset valuations had reached bubble-like proportions and that there could be a painful reckoning of losses from investing in companies such as Uber and WeWork.

Private Equity in the Dock for Alleged “Surprise Billing Practices”

September 19, 2019

A bipartisan Congressional investigation is to determine whether private equity giants are behind price gouging in emergency care.
“Surprise billing practices” are unexpectedly large medical bills from an out-of-insurer-network physician for emergency treatment. These bills could also emanate from an out-of-network physician or ancillary clinician working in an in-network hospital.

University of California

University of California Sees Assets Under Management Jump $7.4 billion in a year; PE a stellar performer

September 17, 2019

University of California’s assets under management jump $7.4 billion in a year; PE a stellar performer. The highlight of the University’s investment performance for the year was the impressive return of 27.4% achieved by the Private Equity asset class in the Endowment product, pushing its value up 8.24%.

Private equity is the top gainer for the Iowa Public Employees’ Retirement System (IPERS)

September 13, 2019

A healthy 19.18% gain on its private equity asset class powered an overall return of 8.35% at the Iowa Public Employees’ Retirement System (IPERS)during the last fiscal year
As a result, the fund’s returns were 9.3%, 6.77%, and 9.60% across the three-, five-, and 10-year timeframes. In the immediately preceding fiscal year, the fund earned 7.97%. The return fell short of the fund’s target rate of 8.64%, however.

Leon Cooperman: High odds of interest rates going up make private equity risky

September 12, 2019

The legendary hedge fund manager said declining interest rates had propped up returns in PE, but this could change
Cooperman was speaking at an event hosted by the New York Alternative Investment Roundtable. Initially calling private equity a scam, he later clarified his remarks. Though he was put off by the high fees and lengthy lock-ups, he said the industry wasn’t a scam.

Office Properties Income Trust

Vista Equity Partners Raises Largest Tech-Focused PE Fund in History.

September 6, 2019

Tech funds still generate massive demand from investors Vista Equity Partners has raised the largest technology-focused PE fund in history. The shop raised $16 billion in outside capital for its new fund, Vista Equity Partners Fund VII LP. That figure exceeds the $15 billion raised by Silver Lake. It also surpasses the $12.6 billion raised…

Alternative Investments: Warning Alarms are Sounding

September 3, 2019

Could the mountain of ‘dry powder’ be too much of a good thing?
Warning notes are sounding that fund managers, weighed under by mounting investible funds with few good enough ideas to invest, may be forced to accept lower returns.

BlackRock Hires

People on the Move – Rivendell Partners, Revolut,iCapital Network, and Gide Loyrette Nouel

September 2, 2019

Rivendell Partners, Revolut, Alpha FMC, iCapital Network, and Gide Loyrette Nouel People on the Move – September 3, 2019 Revolut has faced pressure in recent months due to its customer service and compliance limitations. The banking startup continues to expand at a breakneck pace (more than 6 million users since its 2015 launch). Now, after…

Alternative Investment Fund Launches and Updates – September 3, 2019

September 2, 2019

Investment fund launches for September 3, 2019. First up, venture capital firm Golden Gate Ventures has filed to launch a $200 million fund in partnership with South Korea’s Hanwha Asset Management. The Singapore-based VC fund also said it will focus on Series B startups in the Southeast Asian region. Next, Hosen Capital is seeking $750…

Suspended Woodford Equity Income Pivots from Unquoted Securities to Listed Ones

August 31, 2019

The £3.5 billion Woodford Equity Income fund, run by Neil Woodford, must reconstitute its holdings into a more liquid portfolio by December and come out of suspension
Neil Woodford has sold unquoted and illiquid stocks amounting an estimated £900 million out of three funds, most of it from Woodford Equity Income. Out of that, he spent £145 million on shares in British American Tobacco (BATS), BT (BT) and British Airways owner International Airlines Group (ICAG).

The American Investment Council Lists PE as Top Asset for Pensions

August 28, 2019

In an impressive run, PE has topped the returns table at pensions for seven consecutive years.
A study by the American Investment Council (AIC) of 165 US public pension funds that represent over 20 million public sector workers and retirees found that private equity (PE) has been a star-performing asset class.

World’s Largest Asset Manager: CEOs Should Not Serve on Other Boards

August 27, 2019

BlackRock voted against 94 CEOs who wanted to serve on more than one board outside their company The world’s largest asset manager is taking aim at chief executives who sit on the board of directors of different companies. In a 32-page report, the company showed it had voted against 94 different CEOs who ran for…

Eurozone Planning $110 billion Techs ‘Catch-Up’ Fund and Trade Tariffs

August 22, 2019

Fearing the threat from tech giants in the US and China, the EU plans to bulk up its own “high-potential European companies” through a sovereign wealth fund
According to media reports, which quoted an internal EU document, plans are afoot to set up a “European Future Fund” with a capital of € 100 billion ($ 110 billion) and the mandate to invest in promising European corporations to bring them up to speed on the tech front.

M&A Deal News

M&A Deal News – August 21, 2019

August 21, 2019

A new Osram suiter, Avaya finds an alternative to Mitel, an Italian-French merger, and Goldman takes China. Let’s look at Wednesday’s M&A Deal News. M&A Deal News – August 21, 2019: M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the…

Blackstone

Blackstone Hires Ram Jagannath to Head Growth Equity Platform

August 21, 2019

The new senior managing director has two decades of experience in the healthcare and technology sectors Add another senior name to recent Blackstone hires. The firm has hired Ram Jagannath as a Senior Managing Director for its relatively new Growth Equity investing platform. Jagannath will run healthcare investing at the firm’s growth equity business. Before Blackstone, Jagannath…

Blackrock Aims to Cut Fees and Risk in Private Equity Investing

August 21, 2019

Blackrock is upending the cozy status quo of high fees and high risk in private equity with its $ 870 million investment in Authentic Brands
Blackrock’s Long-Term Private Capital Fund (LTPC) made waves with its inaugural primary private equity deal when it invested $ 870 million for a majority stake in the marketing business of Authentic Brands.
The private equity industry sat up and took notice. But alarm bells are ringing in the industry: Will Blackrock move its cheese?

M&A Deal News

M&A Deal News – August 16, 2019

August 20, 2019

Another community bank deal, Softbank loves hotels abroad, and hospitals for sale in the Philippines. M&A Deal News – August 16, 2019: M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment space. Here’s our recap for…

M&A Deal News

M&A Deal News – August 20, 2019

August 20, 2019

More community bank mergers, the Chinese buy British pubs in bulk, and artificial intelligence. Let’s look at M&A Deal News. M&A Deal News – August 20, 2019: M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment…