Wealthy Families Fuel $20bn Private Equity Buyout Wave

Wealthy Families Fuel $20bn Private Equity Buyout Wave

Thoma Bravo is reaching out to private credit lenders as it looks to secure approximately $3.5bn in new financing for its automated professional services provider, ConnectWise, according to a report by Bloomberg. The report cites unnamed sources familiar with the...
Wealthy Families Fuel $20bn Private Equity Buyout Wave

Wealthy Families Fuel $20bn Private Equity Buyout Wave

Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in private equity buyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. Wealthy clans that built their fortunes in...
American Discovery Capital closes second fund at $190m

American Discovery Capital closes second fund at $190m

Lower middle market-focused private equity firm American Discovery Capital has held the final close of American Discovery Fund II at $190m in total capital commitments.  ADC’s latest fund closed at more than three times its predecessor, American Discovery Fund I,...