London offices of US firms take lead roles on Investcorp's deal with Coller. : The London offices of O'Melveny & Myers and Goodwin have taken the key roles on a $1bn private equity funds deal that saw former partners from legacy law firm SJ Berwin come together again. Bahrain asset manager Investcorp, advised by Goodwin private equity funds partner and former SJ Berwin partner Michael Halford (pictured), has transferred a handful of its assets into a new $1bn fund, which is backed by UK private equity secondaries firm Coller Capital.
Blackstone, the world's biggest private equity firm, is expanding to invest in companies that are too big for venture capital, but not mature enough for traditional buyouts. Jon Korngold, who spent 18 years investing in growth equity at General Atlantic, was tapped to lead the effort. Blackstone's other recent expansion areas include infrastructure, life sciences, and insurance, as the firm looks to more than double its assets under management to $1 trillion over time. Blackstone has hired a veteran who specializes in investing in fast growing companies to lead a new business.
While Broadway's box office boomed, most if its new content fell far short of expectations, leaving this enterprising fan to explore venues far from the glitz of the Great White Way.
Here are four executives' predictions for changes in the asset-management industry in 2019, from the culling of so-so products to new types of private-equity deals. They said the new year would change how impact investors can profit from their early-stage investments, as major private-equity names come knocking at the door with more capital than ever. JPMorgan Asset Management: culling of mediocre products In the last year and a half, Chris Willcox, the president of JPMorgan Asset Management, oversaw a 25% reduction in the firm's actively managed funds to weed out underperformers.
Here in is a summary of recent investment management developments that affect registered investment companies, private equity funds, hedge funds, investment advisers, and others in the investment management industry....By: Ballard Spahr LLP.
Lexington Partners led a deal to deliver liquidity to limited partners in TPG Asia Fund V and VI in a deal valued at about $1 billion. Lazard worked as secondary adviser on the transaction. Press [...]
Burlingame, California-based NewView Capital Management L.L.C. is a new direct secondaries firm that is led by Ravishankar "Ravi" Viswanathan, a former long-time partner of New Enterprise Associates (NEA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
BOULDER, Colo.--(BUSINESS WIRE)--Tendril, a leading provider of Home Energy Management ("HEM") solutions to the utility industry, has secured a majority investment from Rubicon Technology Partners ("Rubicon"), a private equity firm specializing in enterprise software companies. Morgan Stanley Alternative Investments and ZOMA Capital are joining Rubicon with minority investments. The funding will be used to accelerate Tendril's growth through technology innovation, sales expansion and the pursui.
Data from eFront, a provider of alternative investment management software and solutions, shows that since the start of 2013, distributions from private equity secondaries funds globally have risen steadily to a record level. At the same time, capital calls have fallen to a historic low. eFront cites multiple theoretical factors in support of private equity secondaries investments, but chief among them is often the shorter time to liquidity delivered by the asset class, as a result of the investments being made in mature portfolios.
Secondaries rounds out year with billion-dollar portfolio sales, San Francisco Equity Partners transitions from independent sponsor Happy Friday! Amazon will reap a $3 billion windfall from New York by m [...]