As one GP told PitchBook, “You’d have to be an idiot not to sell at these prices.” Allocators may balk at the exorbitant fees they pay for private equity — but they’re also trying to get a piece of the action. Investors are plowing money into funds that buy stakes in...
Equity, not debt, will be key to pump-priming British economy and revitalising businesses. This lesson was learned by the Industrial and Commercial Finance Corporation, established after the second world war to kickstart the economy and fill the ‘Macmillan gap’ – the...
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...
