Graham Winfrey
The private equity model ‘follows an anticyclical trend to that of stock markets’, according to research from Golding Capital Partners.
The firm’s investment in Churchill Financial highlights the increasingly attractive opportunity to back financial service companies lending into the underserved US mid-market.
Blackstone CEO Stephen Schwarzman said the firm’s LPs reaffirmed their confidence in Blackstone by increasing their commitments in Q3. The firm has a record $33.4bn of dry powder.
Blackstone CEO Stephen Schwarzman said the firm’s LPs reaffirmed their confidence in Blackstone by increasing their commitments in Q3. The firm has a record $33.4bn of dry powder.
The New Jersey Division of Investment has committed $300m to TPG Capital, a longstanding relationship for the pension, and $200m to three other managers.
The Toronto-based mid-market firm has made one acquisition from the fund, acquiring Kansas-based automotive product-maker Hopkins Manufacturing Corporation.
The $26.2bn system has committed $750m to a ‘strategic partnership’ with TCW spin-out Crescent Capital Group. South Carolina previously set up a $759m separate account with Apollo Global Management in 2009.
Avedon Capital Partners has completed its spin-out from Dutch bank NIBC, a transaction led by Goldman Sachs Asset Management. Goldman is taking a stake in the group's prior fund and is also one of three major backers for Avedon's current fund, which is targeting €200m.
The firm has made four investments in Europe this year and is more active in the region than in the US, says president Tony James.
Well-capitalised commercial banks and pensions in Canada have contributed to a spike in buyout activity, says Birch Hill’s Steve Dent.