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...The amount raised by private equity funds globally last year fell to a six-year low, according to S&P Global....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...Private equity strategies have evolved in a way that is ill-suited to the life cycle of the closed-end fund....
...Despite the big private equity funds of megashops such as Blackstone dominating headlines, leveraged buyouts are still mostly a small- and mid-cap phenomenon. That’s where private equity likes to play....
...“The equity markets, especially in Hong Kong and China, are very poor,” said a private equity manager who has been raising capital in Asia for a single-asset continuation fund....
...Equity long-short hedge funds have had a miserable decade both in terms of performance and flows. MainFT last week published a very good piece on the theme....
...NFL prepares to give private equity green light to invest People familiar with the matter told Scoreboard that owners are contemplating introducing a rule requiring any private equity investment to come...
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...“You don’t have nearly as many companies going public because of the growth of private equity,” said David McGrath, chief equity strategist at Oakworth Capital Bank in Alabama....
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...While bids for Direct Line and Currys have fallen away, interest in UK companies from international investors, private equity and trade buyers is expected to continue, offering a short-term fillip for investors...
...Flows out of UK equity funds have yet to reverse, continuing a trend that started with the vote to leave the EU in 2016....
...The luxury shoemaker’s controlling shareholder, Italian entrepreneur Diego Della Valle, has teamed up with LVMH-backed private equity group L Catterton to take Tod’s private....
...The S&P 500 is often used as the default comparison because of its ubiquity, but, in reality, it’s a poor benchmark for private equity returns given how top-heavy it is....
...It’s a fun fact that one of the best performing investors in the world is the S&P 500 index committee. Over the past 20 years, their picks have now beaten 97 per cent of all US equity funds....
...Princeton gets burnt by private equity For many years, investing in private equity was a sure way for university endowments to make money....
...Further reading— Norway says ‘nei’ to private equity...
...P 1500 broad index....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...“The big keep getting bigger,” said Peter Oppenheimer, Goldman’s chief global equity strategist and head of macro....
...Today it’s very different,” said John Wolff, chief investment officer for the public equities fund at venture capitalist Insight Partners....
...“PE compensation is predominantly derived from the P&L of the firm — which is based on the management fee of the fund, and this is locked in for the life of the fund,” said Tom Thackeray, a partner at Heidrick...
...Funds that track US indices will have a much higher exposure to the Mag 7 (currently about 30 per cent for the S&P 500 or as much as 40 per cent for the Nasdaq)....
...Fink said big pension funds that have large allocations to private equity have been particularly reluctant to invest because those funds have been slow to return money to investors amid a slowdown in takeovers...
...AJ Bell, an investment platform, says its top 10 UK equity funds and trusts registered a 14 per cent increase in flows from January 1 to February 14....
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