Globally, private equity (“PE”) and venture capital (“VC”) funds ended April 2020 with a record $2.6 trillion in unspent capital at their disposal. With cash readily available, the ongoing coronavirus pandemic presents ample opportunities for well-managed PE and VC...
Retired DMV clerks, former firefighters and aging government bean-counters across California, put on your three piece suits: You might be getting into the banking business. The California Public Employees’ Retirement System, which manages a nearly $400 billion basket...
Due to Covid, exits from companies are likely to decline in the next six-12 months as investors are expected to remain invested in companies for a longer period to achieve desired returns. As investors have pulled back from actively backing in companies amid Covid...
Private equity firm Blackstone Group LP’s credit arm GSO Capital Partners is seeking US$7.5bn for its fourth subordinated debt vehicle, according to investor notes from the Teachers’ Retirement System of Louisiana. The New York-based asset manager has launched its GSO...
Dry powder is now at a record high, but how will it be put to work? The private equity industry entered the Covid-19 crisis with a mountain of dry powder, about $2.5 trillion in total, over $800 billion of which was earmarked for buyouts. That’s more than double of... 