Chinese Investment in North America

December 4, 2012

Chinese investment in America is a big topic of conversation around boardroom tables and even kitchen tables as Americans get used to the flood of money coming in from East to West.  I recently received the following infographic that gives a great look at the significance and size of Chinese investments in North America. There [...]

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Japan Private Equity Deals

December 3, 2012

Japanese companies have always had a significant role in private equity, but typically as investors in private equity funds, not as the targets of blockbuster deals.  As a recent Journal article shows, foreign private equity firms have had trouble executing blockbuster deals in Japan, having to settle for smaller action like taking minority stakes in [...]

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Private Equity Fiscal Cliff

November 28, 2012

The ever-insightful Dan Primack of Fortune gave his take to CNBC on what the fiscal cliff means for private equity.  Essentially, it doesn’t mean too much as private equity firms are operating more or less normally and their portfolio companies are largely doing the same.  Of course, there’s one issue that has a big effect [...]

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The Aftermath for Private Equity

November 7, 2012

While Governor Romney certainly had the edge in terms of support from Wall Street, President Obama won an impressive victory.  Obviously, this is a disappointment for Mitt Romney’s supporters but for those in the private equity industry this loss arguably hurts no matter which candidate you supported. In a particularly partisan campaign that focused intensely [...]

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Lead Investor in a Private Equity Deal

October 19, 2012

As a resource for this blog, I will be answering the frequently asked questions.  Today, we’re going to answer what is a lead investor in a private equity deal? Question: What is a lead investor in a private equity deal? Answer: A lead investor is the private equity investor that takes on the primary role and responsibility [...]

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Private Equity Accused of Conspiring

October 11, 2012

Private equity firms are once again the center of criticism over alleged bid rigging in some high profile private equity buyouts.  A complaint filed in a Boston court was recently made public and alleges that private equity firms worked together in a way that allowed some of the largest buyout firms to coordinate bids in [...]

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Why Assets Matter to Family Offices and Other Investors

September 26, 2012

When I talked to family office investors for my recent book, assets under management was an important aspect they considered when evaluating a fund.  Assets under management is not necessarily an indication of how a fund might perform.  We have all heard the stories of small private equity funds generating huge returns with only a few [...]

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Bain Capital Staples Buyout

September 14, 2012

There are rumors that Bain Capital is considering a buyout of Staples (SPLS), the office supplies chain that actually received initial backing in its early days from Bain.  However, there is also a lot of doubt as to the seriousness of such talks, especially during a heated presidential race involving former Bain Capital founder Mitt [...]

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What is the Typical Life of a Buyout Fund?

September 13, 2012

As a resource for this blog, I will be answering the frequently asked questions.  Today, we’re going to answer What is the Typical Life of a Buyout Fund? Question: What is the Typical Life of a Buyout Fund? The typical life of a private equity buyout fund, a limited partnership between the general partner and limited partners, [...]

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What Was the First Private Equity Fund?

September 6, 2012

As a resource for this blog, I will be answering the frequently asked questions.  Today, we’re going to answer What Was the First Private Equity Fund? Question: What Was the First Private Equity Fund? There’s bound to be some debate on what was the first buyout–there were several transactions in the 1950s-1960s that are similar to later [...]

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