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jdsupra.com April 15, 2019

New Ilpa Guidelines For Lps On Gp-led Fund Restructurings | Hogan Lovells

GP-led Fund Restructurings have become an increasingly important part of the private equity secondaries market, accounting for 40% of 2018's US$70 billion secondaries activity according to ILPA....By: Hogan Lovells.
Read by 61% of LPs

pehub.com April 15, 2019

Fugate To Lead Signature Bank's Venture Banking Group

Buyouts Insider/Argosy Group LLC produces several free newsletters that are sent directly to the email you provide at registration (namely, PE Hub Wire, PE Hub Canada Wire, PE Hub Wire Top Story of the Week, Buyouts Daily, and VCJ Alert). To enable us to keep providing these services free of charge, we reserve the right to contact you with special invitations to sample or purchase private equity-related products. By submitting this free subscription request for any of these products, you are also consenting to this communication.
Read by 54% of LPs

pehub.com April 15, 2019

Fugate To Lead Signature Bank's Venture Banking Group

Signature Bank said April 15 that it formed a venture banking group to focus on serving venture capital firms and the portfolio companies in which they invest. Ken Fugate, a co-founder of Square, will lead the [...]
Read by 50% of LPs

allaboutalpha.com April 15, 2019

The Illiquidity Premium And The Market For Private Assets | Allaboutalpha: Alternative Investing Trends And Analysis | A Finance Blog About Private Equity, Commodities, And Other Alternative Asset Classes.

The illiquidity premium is one of the most frequently discussed and hotly disputed subjects in financial economics. Speaking broadly, an investment is not a checking account. One generally cannot just "get the cash back" at a moment's notice, by visiting some equivalent of an ATM. How long will it takeRead More.
Read by 39% of LPs

nreionline.com April 11, 2019

Sycamore Partner's Refinancing Of Staples Raises Lender Eyebrows | National Real Estate Investor

Sycamore Partners' $5.4 billion refinancing of Staples is a "credit agreement written on a cocktail napkin," industry observers say. : (Bloomberg)--Stefan Kaluzny has made a ton of money -- and drawn his share of critics -- buying down-on-the-heels retailers using lots of debt. Now, Kaluzny's Sycamore Partners is under scrutiny again, after completing a deal that left even seasoned leveraged-buyout experts agog. On Tuesday, Sycamore pulled off a $5.4 billion refinancing of Staples Inc., which it bought in 2017, that funded a staggering $1 billion dividend to the private equity firm.
Read by 39% of LPs

business-standard.com April 04, 2019

Lower Bonuses For Domestic Insurance Bankers As Firms' Revenues Take A Hit | Business Standard News

Revenues of investment banking firms have been hit by drop in activity. : Domestic investment bankers may take home 30-50 per cent of annual pay as average bonuses, far lower than the 100-200 per cent they pocketed in the last financial year. FY19 saw a lull in equity capital market (ECM) activity, particularly in the latter half of the year, impacting revenues. The amount mopped up by way of initial public offerings (IPOs) and qualified institutional placements (QIPs) dipped about 80 per cent over the previous fiscal, while the quantum of buyback offers declined 17 per cent.
Read by 58% of LPs

cnbc.com April 04, 2019

Don't Be Fooled By The 'Unicorn' Hype This Year

It's easy to fall for Silicon Valley's billion-dollar startups, getting caught up in the story of innovation and disruption. But think twice before you jump in head-first when they began finally trading on Wall Street.
Read by 43% of LPs

businessinsider.com March 21, 2019

Lyft Ipo: Trading Strategies, Investing Guidance From Wall Street Cio

As Lyft secures investors for its initial public offering, there are many money managers who won't be involved in the first wave of activity. That group includes Jack Ablin -- the chief investment officer at the $3 billion Cresset Capital Management -- who shares the approach his firm plans to use instead. Ablin also lays out the three trading strategies he expects other money managers to use as Lyft hits the market and as its ride-hailing competitor Uber prepares its own IPO for later in 2019.
Read by 76% of LPs

investopedia.com February 22, 2019

How Pinterest Makes Money

The company has raised $1.5 billion in funding and reportedly filed paperwork for an initial public offering. : Reports by CNBC in late July, 2018 suggested that social media website Pinterest could finally be living up to its hype. Founded in 2010, the company has been the recipient of VC funding from firms like Rakuten, Goldman Sachs (GS) and Andreessen Horowitz. Pinterest allows roughly 200 million active users to create and share pictures and other content by "pinning" items of interest.
Read by 69% of LPs

avcj.com February 22, 2019

Asia Gp-led Secondaries Hit Record High In 2018 | Avcj

If you have any problems with your access or would like to request an individual access account please contact our customer service team. With its wide network of senior industry contacts, the directory is the most comprehensive online directory on private equity and venture capital in Asia. It is easy to navigate, enabling access to Asian private equity firms and professionals. The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.
Read by 71% of LPs