Private equity faces pressure over ‘mark-to-myth’ valuations

Private equity faces pressure over ‘mark-to-myth’ valuations

Private equity firms have long been judge and jury when valuing their portfolio companies — but pressure for change is building For many portfolio companies, the value is in the eye of their private equity owner. Just ask Southland Royalty, a US energy firm that filed...
Trivest closes two new private equity funds

Trivest closes two new private equity funds

Trivest Partners (“Trivest” or the “Firm”) announced the final closings of the Trivest Growth Investment Fund II (“TGIF II”) and the Trivest Discovery Fund with $435 million and $235 million of total capital commitments, respectively. Raised concurrently, TGIF II and...
Intermediate Capital raises $2.4bn for third secondary fund

Intermediate Capital raises $2.4bn for third secondary fund

Over the period, assets under management were up 4% to €42.6bn at ICG Intermediate Capital Group has closed its third Strategic Equity Fund at $2.4bn, far above its $1.6bn target. The fund, which focuses on GP-led secondary transactions, has doubled the size of its...
Private equity firms are gobbling up data centers

Private equity firms are gobbling up data centers

Private equity firms accounted for 80% of all data-center acquisitions in 2019. Is that a good thing? Merger and acquisition activity surrounding data-center facilities is starting to resemble the Oklahoma Land Rush, and private-equity firms are taking most of the...
These Are the Top Energy Funds of the Past Decade

These Are the Top Energy Funds of the Past Decade

Natural resources investments have generally disappointed investors — but these managers are the exception, according to Preqin. The worst-performing asset class in alternative investments is natural resources — but some energy funds have managed to deliver outsize...