Private Equity Mitt Romney

Private Equity Mitt Romney

Mitt Romney, Private Equity, and Carried Interest

The Republican presidential primary has taken a particularly nasty turn with countless negative ads and mudslinging in the latest debates.  One attack against Governor Mitt Romney has been particularly surprising in a GOP primary: that Mr. Romney made millions through the private equity firm that he founded, Bain Capital, often by slashing benefits, cutting jobs and stripping value from the portfolio companies his firm invested in.  Linked to this attack is questions over his compensation at Bain Capital which was largely through capital gains which is taxed at 15%, much lower than ordinary income.  

The attacks, largely from former House Speaker Newt Gingrich, have drawn new attention to private equity and capital gains tax on carried interest (somewhat ironically, Mr. Gingrich was paid about $60,000 for a speech praising private equity--that income was probably taxed higher than 15% though).  As the news media and the American public focus their attention on this industry, which has so often been the focus of derisive attacks and criticism, the Private Equity Growth Capital Council has delivered a response with a fact sheet aimed to "set the record straight" on private equity that you can read here:

PEGCC Sets the Record Straight on Private Equity

Statement from Steve Judge, Interim President and CEO of the Private Equity Growth Capital Council (PEGCC) in response to recent political attacks that mischaracterize the industry:
“There is a lot of misinformation being spread, purely for political purposes and on both sides of the aisle, as it pertains to private equity. What’s been lost is an understanding of the critical role that private equity investment plays in growing the U.S. economy and delivering more than a trillion dollars in investment returns to pension funds, endowments and charitable foundations. While the business model has evolved over time, the fact of the matter is private equity provides capital and operational expertise to companies that are often underperforming or on the brink of failure. In 2010 alone, private equity invested nearly $150 billion in U.S. companies. As a result, many businesses grow and are strengthened and often jobs are created over the long term.”
The Facts About Private Equity
Private Equity Fast Facts
  • There are 2,300 private equity firms in the U.S. In 2010, private equity firms invested more than $148 billion in 1,234 U.S. based companies in 2010.
  • There are 14,200 companies in the United States that are backed by private equity investment.
  •  Private equity-backed companies employ approximately 8.1 million people worldwide.
Private Equity: An Overview
What is Private Equity?  Private equity is a vital source of capital investment in the U.S. and global economies. Our investment model is simple: We buy companies that have significant potential for growth. Over time, we invest capital, time and effort to improve their performance and increase their value. Eventually, we sell the improved companies, hopefully at a profit, and undertake a new investment.
How Does Private Equity Work? Private equity firms seek out underperforming or undervalued companies. By working with these companies managers unlock significant value —by changing the business strategy, injecting new managerial expertise, or improving sales and marketing, production, distribution or sourcing.  Ultimately, private equity firms succeed when their investments are able to achieve long-term success.
Who Benefits? Private equity investment is a steady source of income for its investors such as public and private pension funds, university endowments and charitable foundations. Public and private pension funds make up 42 percent of all private equity investment.  Private equity also provides enormous benefits to the company, its employees and investors, and the U.S. economy. According to the most recent research, through 2009 private equity funds worldwide have distributed more than $1.6 trillion to limited partner investors.
The Benefits of Private Equity
Private equity drives growth. The mission of a private equity firm is to strengthen the businesses in which they invest.  A study by Ernst & Young found that the average value of businesses in the U.S. acquired by PE firms grew 83 percent over the course of private equity ownership.
Private equity creates value. Private equity firms seek out companies in which they believe they can unlock significant value by changing the business strategy, investing new capital or injecting new managerial talent.
Private equity makes companies and the American economy more competitive.The PE investment model is built on the premise that companies can improve their performance and better position themselves for long-term success by aligning the interests of owners and managers and removing the short-term pressures of public ownership.

It's clear that if Mr. Romney wins the primary he will be forced to endure much more sustained criticism over his role at Bain Capital, his taxes, and how the companies he invested in ultimately performed.  You can bet that President Obama's team is cooking up ads similar to the ones that Senator Ted Kennedy used to defeat Governor Romney in his 1994 senatorial campaign.  It will be interesting to see whether Mr. Romney can mount a stronger defense of private equity as the spotlight once again turns to the world of buyouts.  



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Tags: Private Equity Mitt Romney investments, private equity firms Mitt Romney, Romney private equity, Bain Capital management, contact, website, LP, group, news, Mitt Romney, Bain Capital, Mitt Romney's role at Bain Capital, Mitt Romney private equity investing, how private equity firms make money, private equity and Mitt Romney, Mitt Romney Carried Interest Taxation, what is Bain Capital

Link to This Resource: Private Equity Mitt Romney

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New Markets Movement

New Markets Movement Seeks to Bring Back IPOs


I rarely pass along press releases, which I receive almost daily, but this one was especially intriguing and relevant to the private equity industry.  IPOs represent an important exit path for private equity firms looking to make a return on their portfolio investments, but the IPO market has been less than welcoming despite some small internet successes like Groupon and LinkedIn and a few other IPOs in 2011.  Now, there is a "movement" to revive the IPO market and make it a better environment for these would-be public companies.  

Weild Says Changes Will Boost Economic Growth, Employment at No Cost to Taxpayers

NEW YORK, N.Y., Jan 4, 2012 – Former NASDAQ Vice Chairman David Weild IV and media entrepreneur Brett Johnson today announced the formation of the New Markets Movement (NMM) with the goal of reviving the stagnant market for initial public offerings (IPOs) and aftermarket support for public companies.
The NMM will advocate for passage of legislation to stimulate IPOs, and investments to fix the financial ecosystem and provide support for public companies. Its first goal is drafting and passage of the Issuer Choice Jobs Act, which would make the market structure more favorable for IPOs and public companies. NMM will also support other legislation that favors market improvements.
“Wall Street doesn’t need to be occupied, it needs to be fixed,” said Weild. “The United States has a proud history of launching and nurturing innovative job creators. Today, U.S. public stock markets, once the envy of the world, have become our weakest link and are failing to support job-generating growth companies.”
Weild will kick off the launch of the New Markets Movement as the keynote speaker at the Fifth Annual OneMedForum SF2012, an emerging company finance conference, at 12:30 p.m. on Tuesday, Jan. 10, 2012 at the Sir Francis Drake Hotel in San Francisco, Calif.
Weild, who is Director of Capital Markets at Grant Thornton and Chairman and CEO of Capital Markets Advisory Partners, is the country’s leading expert on U.S. capital markets and specifically the dramatic drop in IPOs and aftermarket support for public companies. In addition to serving as Vice Chairman of NASDAQ, he was head of equity capital markets at Prudential, where he priced over 500 IPOs and another 500 follow-on offerings.
Weild’s research with colleague Edward Kim inspired Johnson to contact him and suggest the formation of the New Markets Movement. Johnson publishes OneMedResearch, which is dedicated to lesser known microcap public companies, and the founder and CEO of OneMedPlace, a research and media firm that aggregates information for investors in emerging growth companies in healthcare and life sciences.
“Innovative companies no longer go public in adequate numbers to drive growth and job creation,” Johnson said, “because our system rewards computerized trading, not investors. Markets today cater to backward-looking computer-based trading strategies at the expense of forward-looking fundamental investment strategies.”
The number of IPOs in the U.S. dropped 77% in the first decade of the millennium – from an average of 520 a year during the pre-bubble years of 1991 through 1995 to just 126 a year from 2001 through 2009. There were 154 in 2010 and 125 in 2011, but many recent IPOs were for brand-name social media companies and most performed poorly after public trading began.
A Grant Thornton study found that if the number of companies going public between 1998 and 2009 had not plummeted, theeconomy could have generated an additional 11.6 million to 22.7 million new jobs.
Weild and Johnson believe that new legislation to fix the economic model, if signed into law, would incent equity research coverage, capital commitment and market making, encourage investment and discourage speculative trading.
The Issuer Choice Jobs Act that the New Markets Movement is proposing would empower the Boards of Directors of public companies to optimize the market for their shares by giving them the authority to establish the “tick size” in the trading of their stock. Since decimalization of stock prices, tick size, which is the monetary increment in which stocks trade, has defaulted to one cent per share and as low as 1/10th of a penny for some stocks.
Penny and sub-penny ‘tick sizes’ have induced high frequency and speculative trading in large-cap stocks, according to Weild, while in small and micro-cap stocks these tiny tick sizes have removed the economic incentive for traders to provide liquidity and for research analysts and brokers to create order flow.
“By replacing one-size-fits-all stock markets with an elegant and cost-effective mechanism to create ‘mass customization’ of markets,” Weild said, “it will give corporations a seat at the table to determine what the quality of their markets should be, rather than allowing trading interests to treat them like so many casino chips.”
Johnson said NMM will support other initiatives that can “resuscitate the IPO and put America’s job creation engine into high gear.”
About the New Markets Movement
The New Markets Movement was created to advocate for changes that will spur economic growth and job creation by stimulating initial public offerings (IPOs) and aftermarket support for public companies.


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Tags: new markets movement, initial public offerings, IPOs, New Market Movement IPO, What is the New Market Movement?, investments, private equity firm, private equity, management, contact, website, LP, group, news

Link to This Resource: New Markets Movement

http://privateequityblogger.com/2012/01/new-markets-movement.html

Private Equity Seed

Private Equity Seed Capital Strategies

Free Private Equity Video on Seed Capital Strategies 

The following video is borrowed from the Certified Private Equity Professional training program.  I am frequently asked for advice on how to connect with seed capital providers for a private equity fund.  In this video, I cover some strategies for obtaining seed capital for a private equity startup.  If you are reading this via email or RSS, please click here to watch.



Video Transcript/Summary: The strategies and tips provided within this video module include:

Coming soon.

If you're interested in learning more about private equity through our private equity training program, visit http://businesstraining.com/Private-Equity-Certification.html

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Tags: private equity investments, private equity firm, private equity seed capital, private equity seeders, private equity seed, private equity seed funds, private equity investors, private equity seed investors, management, contact, website, LP, group, news

Link to This Resource: Private Equity Seed

http://privateequityblogger.com/2011/12/private-equity-seed.html

Private Equity Southeast Asia Summit 2012

Join Us at the 7th Annual Private Equity Southeast Asia Summit!

Greetings,

My name is Richard Wilson and I want to personally invite you to a private equity conference that I will be speaking at in March.  The 7th Annual Private Equity Southeast Asia Summit 2012 is a great opportunity for you to capitalize on the pre-eminent gathering of Southeast Asia-focused private equity professionals and LPs.

Private equity firms ignore Southeast Asia at their own peril; as this Summit shows, leading private equity investors have long-recognized the huge potential for returns in the region.  Don't miss this opportunity to broaden your reach in Southeast Asia, meet with investors, and better understand how others are investing in the region.  The event takes place in Marina Mandarin, Singapore on March 7-8, click here to learn more about the summit.

I will be delivering a speech on a topic that I have spent the last year researching in-depth: family office investment preferences.  I can't think of a topic more important for private equity firms looking to raise capital and yet I rarely see GP's devoting significant time to understanding and focusing marketing efforts specifically on family offices.  If you sign up to attend the Private Equity Southeast Asia Summit 2012 you will hear my talk on what family office investors look for in private equity fund managers as well as many other presentations from private equity authorities--from prominent limited partners to top-tier fund managers.

With 40 speakers already committed, and over 40 LP decision makers confirmed to attend, this summit is dedicated to providing the Southeast Asia Private Equity sector with the definitive forum to network and learn. It will enable you to understand how you can capitalize on the buoyant PE market in South East Asia.
  • Establish local connections within Southeast Asia’s growing markets to facilitate your entry and growth into the regions hottest sectors and industries looking for investors
  • Meet institutional LPs waiting to capitalize on rapidly emerging private equity investment markets in the region
  • Develop a deeper understanding of Southeast Asia’s often complex GP-LP and GP-investee company relationships to warrant greater success in deal sourcing, structuring and fundraising.
If you're ready to secure your seat at this valuable program then simply sign up here.

See you this March in Singapore!





Richard C. Wilson
Founder, Private Equity Investment Group

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Tags: private equity event, private equity summit, private equity conference, private equity southeast Asia, private equity Asia, Private Equity Southeast Asia Summit,  7th Annual Private Equity Southeast Asia Summit 2012, private equity capital raising, family offices, events

Link to This Resource: Private Equity Southeast Asia Summit 2012

http://privateequityblogger.com/2011/12/private-equity-southeast-asia-summit.html

Invest in Private Equity

Why Invest in Private Equity

Free CPEP Video: Why Invest in Private Equity

The following video is borrowed from the Certified Private Equity Professional training program. A common question we receive is simply, “Why invest in private equity?” In this video, you will learn some of the common reasons that investors choose to invest in private equity.  If you are reading this via email or RSS, please click here to watch.



Video Transcript/Summary: The strategies and tips provided within this video module include:

Coming soon.

I hope that this video has given you some reasons to consider investing in private equity if you meet the requirements and have sought counsel with a financial and/or legal professional.  If you're interested in learning more about private equity through our private equity training program, visit http://businesstraining.com/Private-Equity-Certification.html


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Tags: private equity training, private equity certification, what is private equity, invest in private equity, why invest in private equity, investing in private equity, how to invest in private equity, private equity investors

Link to This Resource: Invest in Private Equity

http://privateequityblogger.com/2011/12/invest-in-private-equity.html

Leveraged Buyout Models

Leveraged Buyout Modeling

Training Series | Leveraged Buyout Modeling | Part 3

The following video is borrowed from one of our BusinessTraining.com training programs, where you can also learn about the Certified Private Equity Professional program.  This video is the second of a series on leveraged buyout modeling that I am including here as a free educational resource.  If you missed the first video in this series, be sure to watch Leveraged Buyout Modeling Part 1 and Leveraged Buyout Modeling Part 2.  Note: if you're reading this via email or RSS feed, click here to watch this free video on leveraged buyout modeling.



Video Transcript/SummaryThe strategies and tips provided within this video module include:
  1. Coming soon. 
Please stay tuned for our free training videos from the Certified Private Equity Professional designation.


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Tags: leveraged buyout modeling, leveraged buyout, leveraged buyouts, leveraged buyout definition, models leveraged buyout, how to construct a leveraged buyout model, leveraged buyout modeling example, leveraged buyout models, leveraged buyout model, what is a leveraged buyout?, LBO, LBO modeling

Link to This Resource: Leveraged Buyout Models

http://privateequityblogger.com/2011/09/leveraged-buyout-models.html

Leveraged Buyout Model

Leveraged Buyout Modeling

Free Training Series on Leveraged Buyout Modeling - Part 2

The following video is borrowed from one of our BusinessTraining.com training programs, where you can also learn about the Certified Private Equity Professional program.  This video is the second of a series on leveraged buyout modeling that I am including here as a free educational resource.  If you missed the first video in this series, be sure to watch Leveraged Buyout Modeling Part 1.  Note: if you're reading this via email or RSS feed, click here to watch this free video on leveraged buyout modeling.




Video Transcript/SummaryThe strategies and tips provided within this video module include:
  1. Coming soon. 
Please stay tuned for our free training videos from the Certified Private Equity Professional designation.


  1. Private Equity Tracker Tool
  2. Private Equity Career Guide
  3. Private Equity Training
  4. Private Equity Directory - List of Private Equity Firms
Tags: leveraged buyout modeling, leveraged buyout, leveraged buyouts, leveraged buyout definition, models leveraged buyout, how to construct a leveraged buyout model, leveraged buyout modeling example, leveraged buyout models, leveraged buyout model, what is a leveraged buyout?

Link to This Resource: Leveraged Buyout Model

http://privateequityblogger.com/2011/09/leveraged-buyout-model.html

Leveraged Buyout Modeling

Leveraged Buyout Modeling

Free Video Training Series on Leveraged Buyout Modeling

The following video is borrowed from one of our BusinessTraining.com training programs, where you can also learn about the Certified Private Equity Professional program.  This video is the first of a series on leveraged buyout modeling that I am including here as a free educational resource.  I will add the second and third parts to this series on leveraged buyout modeling next week.  Note: if you're reading this via email or RSS feed, click here to watch this free video on leveraged buyout modeling.




Video Transcript/SummaryThe strategies and tips provided within this video module include:
  1. Coming soon. 
Please stay tuned for our free training videos from the Certified Private Equity Professional designation.


  1. Private Equity Tracker Tool
  2. Private Equity Career Guide
  3. Private Equity Training
  4. Private Equity Directory - List of Private Equity Firms
Tags: leveraged buyout modeling, leveraged buyout, leveraged buyouts, leveraged buyout definition, models leveraged buyout, how to construct a leveraged buyout model, leveraged buyout modeling example, leveraged buyout models, leveraged buyout model, what is a leveraged buyout?

Link to This Resource: Leveraged Buyout Modeling

http://privateequityblogger.com/2011/09/leveraged-buyout-modeling.html

Full Day Capital Raising Workshop in Boston

Northeast Capital Raising Workshop

Attend a Full Day Capital Raising Workshop in Boston


Only 37 Seats Left for Next Thursday's Full Day Capital Raising Workshop in Boston

If you want to raise capital more effectively, join your peers at the Harvard Club of Boston next week for a premier capital raising workshop this September.  Although it is hosted by the Hedge Fund Group, the event is not exclusive to hedge funds.  Private equity funds and other investment fund managers looking to raise capital from family offices are welcome.

At this workshop you will learn how to effectively raise capital from elusive single and multi-family office wealth management firms.  If you do not have a targeted approach to raising capital from family offices then you can't afford to miss this full day workshop.

By attending this workshop you will receive training on capital raising best practices, family office marketing, capital networks, and the compliance pitfalls of raising capital from UHNW and HNW investors. Enjoy the fully catered breakfast, lunch, and the peer networking sessions included with your registration.  If you'd like to attend this workshop or learn more about how it can improve your capital raising efforts visit this page.

This workshop costs $797 for one participant, $997 for two participants, and it is scheduled for Thursday September 22nd, 2011 from 8:00AM to 4:00PM EST at the Harvard Club of Boston located at 374 Commonwealth Avenue Boston, MA 02215 (Directions)

Don't Delay!

Seating is Limited Due to Room Size & Catering: As of 9/16/2011, there are just 34 seats left for this event. Seats are sold on a first-come, first-served basis. To register or learn more about this full-day workshop please read below. If you need to print out the details on this workshop please download our workshop brochure in PDF format.

Our team has hosted dozens of workshops and events and we structure them so that no service providers are allowed to participate, no guest speaker pitching is allowed, and we guarantee that you will get massive value from the workshop. If you are not satisfied we will give you all of your money back, no questions asked.

What You Will Gain

If you're still debating whether this conference will help you raise capital, consider what you'd be missing out on (and what your competitors will be learning):
  1. The 7 Proven Strategies for Raising Capital Every Quarter from family offices and high net worth prospects; these are actionable strategies that anyone can implement to raise more capital.
  2. The common compliance pitfalls of raising capital in this area including: a live Q & A session with a leading fund compliance attorney with specific experience in crafting capital raising agreements
  3. Four $100,000 capital raising mistakes are almost always made and how you can avoid those and use these lessons to your advantage
  4. Some of the capital raising tactics and concepts that we will present include The Capital Raising Funnel, The Angels & Demons Strategy, the Horse Betting Wedge, and the HNW Avatar Model
  5. 1 full-hour of post-event capital raising strategy and marketing material feedback on your pitch book and marketing materials directly from Richard Wilson. This allows you to apply what you have learned, explain how you are trying to raise capital and get direct email feedback from Richard Wilson on what you should consider changing and improving.
Why Not Attend This Conference?

We understand that your time and your money are valuable to you.  That is why we have instituted a guarantee that this will be a productive use of your day. If you attend this conference and find that you don’t get at least $5,000 of value, we will give you 100% of your money back. You will also be allowed to keep the e-books and swipe files for your trouble.

You may be wondering how can we afford to make this offer.  We can make this offer because we have included so many valuable interviews, reports, tips, strategies, templates and best practices that we are confident you will benefit from this workshop. The last time our organization offered this workshop not a single person in the crowd requested a refund and everyone received a ton of value from the full-day training workshop.  If you are ready to secure your seat for this capital raising workshop simply click here.

Related to: Full Day Capital Raising Workshop in Boston

Tags: Full Day Capital Raising Workshop in Boston, Boston Investment funds, Investment funds in Boston, Boston Conference, Private Equity Capital Raising, Family Office Conference, Capital Raising Conference, Fund Marketing Conference, Investment Fund Marketing Conference, Third Party Marketing conference, Capital Raising Workshop

Link to This Resource: Full Day Capital Raising Workshop in Boston

http://privateequityblogger.com/2011/09/full-day-capital-raising-workshop-in.html

Private Equity 2012 Presidential Election

Private Equity 2012 Presidential Election

Will Private Equity Back President Obama in 2012?

Many private equity and hedge fund managers made major donations to President Obama in his 2008 presidential campaign.  Now, however, there are questions of whether professionals in the private equity and hedge fund industries will support him again or back a Republican challenger.  One big concern is taxation and whether new revenue increases will come in the form of closing the so-called carried interest loophole or other measures that will mean private equity and hedge fund execs pay more.
Tax increases will almost certainly play some part in the Democrats’ proposal to the bipartisan Congressional committee, when they assemble to consider the minutiae of the $1.5 trillion in deficit cuts that are required pursuant to the debt ceiling deal agreed last month between Obama and Congress. 
Where will the new taxes come from? Most likely, attempts will be made to close the so-called “carried interest loophole”, thereby taking a piece of 20% profit share participation better known as “carried interest.” Traditionally, carried interest is taxed at lower capital gains rates, so long as the underlying investments are held for at least one year. 
Democrats have frequently campaigned to repeal this rule and charge tax on all such revenues at the significantly higher ordinary income rates. 
Will the days of Obama’s high-profile courtship of these financial titans become a thing of the past, as concerns over tax hikes take center stage? Source



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Tags: private equity donations, private equity donor, Private Equity Democratic Donor, Private Equity President Obama, Private Equity Barack Obama, Private Equity Funds Obama, Private Equity Fundraiser, Private Equity Presidential Election 2012

Link to This Resource: Private Equity 2012 Presidential Election

http://privateequityblogger.com/2011/08/private-equity-2012-presidential.html

Pension Fund Investment Jobs

Pension Fund Investment Jobs

BE PART OF THE RETIREMENT FUND INCORPORATED TEAM IN LONDON,UK

A pension fund based in Malaysia is looking for qualified applicants for three positions: fund manager, investment analyst and office manager. Hiring preference is given to applicants who have completed Certified Private Equity Professional (CPEP),  Certified Hedge Fund Professional (CHP) designation or Financial Analyst Specialist (FAS) training programs.

Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) or Retirement Fund (Incorporated) (“RFI”) is a Malaysian based Pension Fund Institution established on 1st March 2007. Our main business functions are to manage contributions from the Federal Government, Statutory Bodies, Local Authorities as well as administration, management and investment of the Fund in equity, fixed income securities, money market instruments and other forms of investment as permitted under the Malaysian Retirement Fund Act (Act 662).

In line with our business expansion plans, we are in the midst of opening an office in London, UK which will focus on International Equity Investment. In driving to achieve the above objective, we believe that high performance talent is the most crucial element in creating our organization’s success.         

As an organization that is in constant pursuit of high performance and excellence, our Employee Value Proposition are  as follows:

v  We provide an opportunity for individuals to contribute towards the growth of the Malaysian pension fund industry.
v  We provide personal and professional career growth.
v  We offer competitive reward and conducive work environment.

We believe our Employee Value Proposition offers a great opportunity for you to be part of our high performance team members to drive the expansion of our business plan in London, UK.

We welcome you to apply for the following vacancies in our organization that suits your background and expertise. The detailed of the job descriptions of the positions can be further viewed at www.kwap.gov.my

FUND MANAGER
·         At least 3-5 years experience in managing equity funds with good track records.
·         Bachelor’s Degree in related field e.g. Accountancy, Finance, Business Administration, Economics and/or professional qualification.
·         Strong analytical skills and mastery in qualitative and quantitative techniques of equity investment.
·         Good knowledge of investment related systems i.e. Bloomberg, Reuters, Datastream.
OFFICE MANAGER
·         3-5 years of experience in office management preferably in investment and financial industry.
·         Bachelor’s Degree in Business Administration, HRM or Public Administration.
·         Ideally, experience in using Bloomberg and Reuters. 

RESEARCH ANALYST

·         3-5 years related experience.
·         Bachelor’s Degree in Accountancy, Finance or related field.
·         Possess strong technical and analytical skills.
Good knowledge of investment related to Bloomberg,
Reuters and Datastream.

For interested candidates, please submit your full CV stating the current and expected salary, contact numbers together with a recent passport-sized photograph to:

The Vice President
Human Resource Department
Retirement Fund Incorporated
Level 4, Menara Yayasan tun Razak
200, Jalan Bukit Bintang
55100 Kula Lumpur

Closing date: 30 September 2011

Only shortlisted candidates will be notified


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Tags: Certified Hedge Fund Professional Designation, Certified Private Equity Professional program, Financial Analyst Specialist Certification, job listings, jobs, finance jobs, investment jobs, careers, KWAP, Kumpulan Wang Persaraan, Kumpulan Wang Persaraan job, Malaysia

Link to This Resource: Pension Fund Investment Jobs

http://privateequityblogger.com/2011/08/pension-fund-investment-jobs.html

AXA Private Equity Funds

AXA Private Equity Funds

AXA Private Equity Raises $3b for Secondary Fund of Funds

AXA just completed a buying spree of secondary private equity portfolios from banks to the tune of $5 billion.  Now, AXA Private Equity has reportedly raised $3 billion for a secondary private equity fund of funds.  AXA Private Equity is looking to raise as much as $4 billion for the fund, AXA Secondary Fund V, a $1 billion increase from the last secondary fund of funds that the firm launched in 2006. 

New regulations like the Volcker Rule and the Basel III capital requirements have forced many banks to sell off non-core assets which secondary fund of funds like AXA Private Equity will hope to buy up at a discount.  If you are looking for contact details on AXA Private Equity please see PrivateEquityDirectory.com 
AXA Private Equity has been raising capital for the new fund since fall last year, and aims to raise $3.5 billion for AXA Secondary Fund V, with a $4 billion hard cap or the maximum amount, the person said. It raised $2.9 billion for its last secondary fund of funds in 2006. 
The fund, to be used in buying private-equity fund stakes from investors globally, will provide AXA Private Equity with additional ammunition to scoop up non-core bank assets as the lenders seek to free up their balance sheets. 
The “Volcker rule,” a part of the financial regulatory overhaul, limits banks’ ability to invest with their own capital. Meanwhile, increased capital requirements under Basel III mean banks need to keep a bigger capital buffer relative to their assets, which also encourages sales of units. 
AXA Private Equity, with $25 billion assets in Europe, North America and Asia including $14 billion in funds of funds, acquired a $740 million portfolio from the U.K.’s Barclays PLC and $1.7 billion in private-equity assets from Citigroup in June. Last year, it bought $1.9 billion in private-equity funds from Bank of America Corp. and a $718 million portfolio from French bank Natixis. Source
If you are looking for contact details on AXA Private Equity please see PrivateEquityDirectory.com 

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Tags: AXA private equity investments, private equity firm, AXA private equity, AXA private equity management, AXA private equity contact, AXA private equity website, AXA private equity LP, group, news

Link to This Resource: AXA Private Equity Funds

http://privateequityblogger.com/2011/08/axa-private-equity-funds.html

Fortress Investment Group Loss

Fortress Investment Group Loss

Fortress Investment Group Posts 13% 2Q Revenue Loss

Fortress Investment Group continues to boost assets under management despite stiff losses in the second quarter of 2011. A decline in segment revenue contributed to losses for the hedge fund and private equity fund management firm.  CEO Daniel Mudd expressed his dissatisfaction with the second quarter loss, "Our earnings today were just off expectations, but further off what we expect from ourselves."  
Fortress Investment Group LLC's (FIG) second-quarter loss widened on a double-digit decline in revenue, in what the private-equity and hedge-fund manager admitted were disappointing results. 
Losses in the firm's liquid hedge funds, which invest in liquid assets like equities and commodities, wiped out "substantially all" of the accrued performance fees recorded in the first quarter, Fortress said. 
Fortress Macro Fund Ltd. posted a 5.4% net decline in the second quarter, while Drawbridge Global Macro Fund Ltd. and Fortress Commodities Fund L.P. recorded losses of 6% and 6.4% respectively. The funds were still down between 4.1% and 5.7% this year through July. But its Asian fund held up with a 3% gain in the first seven months. 
Alternative-investment managers like Fortress have posted poor hedge fund performance recently amid the volatile economy and weakness in commodities.
But Fortress said it's optimistic about the second half, saying its credit business continues to generate strong returns and its private equity business has continued valuation gain. Source
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Blackstone Group Emdeon

Blackstone Group Emdeon

Blackstone Group Taking Emdeon Private for $3 Billion

The healthcare IT provider Emdeon Inc (EM.N) has agreed to a buyout from Blackstone Group.  Blackstone Group (BX.N) will take Emdeon private for $3 billion.  This deal is part of a larger trend of private equity activity in the healthcare sector.  If you are looking for contact details on Blackstone Group and hundreds of other private equity firms please see PrivateEquityDirectory.com
The private equity firm's offer of $19.00 per Emdeon share represents a 17 percent premium to Emdeon's Wednesday close of $16.25 on the New York Stock Exchange. 
"I think $19 per share is fair," said Caris & Co analyst Leo Carpio.
Shares of Nashville, Tennessee-based Emdeon, rose 14 percent on Thursday morning to $18.57, just shy of Blackstone's offer. 
Blackstone's offer for Emdeon follows the recent $5 billion buy-out of medical devices firm Kinetic Concepts Inc (KC.I) by Apax Partners and two Canadian pension funds, and TPG Capital's TPG.UL $2 billion deal to buy diagnostics firm Immucor Inc (BLUD.O). 
Carpio also added that private equity's interest in healthcare IT providers stems from the fact that while the fiscal deficit would result in Medicare and Medicaid reimbursement cuts, hospitals and healthcare providers will seek healthcare IT providers to cut costs.  Source


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Private Equity Corporations

Private Equity Corporation

Private Equity Firms Look to Corporate Division Primary Deals

Private equity firms looking for new deals are increasingly turning to corporate divisions.  Instead of buying out whole corporations, private equity firms are buying out corporate divisions such as GlaxoSmithKline's (GSK.L) non-prescription drugs, fashion group PPR's (PRTP.PA) catalogues and online retail division Redcats, and Oberthur's (FCOFDO.UL) smart cards business.  Private equity firms are not the only ones trying to make these type of deals, they are also facing competition from corporate rivals.
For private equity, the rewards can be greater than with companies that pass from one firm to another: the buyer can have the first go at cutting costs and optimizing performance, though the risks of failure can be higher. 
Such deals also seem to go down better with some investors who have been particularly critical of the so-called "pass the parcel" deals that have been the mainstay of private equity activity for the last 18 months. 
"The pipelines in Europe are more active than in the United States. I think there are more carve-outs to come. There is not a huge trend here but there is certainly more than there has been in the last 12 months," one banker familiar with the processes said. 
Also on the block is Schneider Electric's (SCHN.PA) Custom Sensors and Technology (CST) unit and France Telecom's (FTE.PA) subsidiary Orange Switzerland.  Source


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