Private equity news & headlines

JP. Morgan (NYSE: JPM) plans to raise about £8 billion to boost its spend during this Covid-19 pandemic period. The firm’s alternative-investment division said the amount would enable them to sail through the current crashed economy. “The magnitude of these dislocations is so significant. To get some of these markets functioning, you need a lot of capital,” JPMorgan’s global head of alternatives Anton Pil said during a Monday interview. According...

Ben Dell is the founder and managing partner of Kimmeridge Energy Management, a private equity firm that focuses exclusively on the energy sector. When asked by Bloomberg’s Alix Steel how bad most of the energy sector has become amid falling oil prices, his answer can be summarized in one word: “uninvestable.” Lost Decade The energy sector has suffered from a “lost decade” as oil prices peaked north of $130 in the ea...

Which investment tool generates a higher rate of return over a 10-year period: U.S. stocks or private equity? For the first time ever, the title goes to U.S. stocks, according to a new report. Harvard economist Josh Lerner and consultancy Bain & Co. calculated the average annual return among private equity firms during the 10-year period ended June 2019 was 15.3%. The annual return for the S&P 500 index over the same 10-year period was sl...

Rebecca Gibson, a partner at Oakley Capital Private Equity, said during a Bloomberg interview the private equity industry is booming from greater demand among investors, especially major pension funds. Where Demand Comes From One recent example of a pension fund shifting focus to private equity is the California State Teachers’ Retirement System. The group made the decision in early February to invest more money in private equity, real esta...

Vanguard Group is the second largest provider of mutual funds and the second-largest provider of exchange-traded funds. The company is backed by $6.2 trillion in assets under management and will allocate some capital to a new private-equity fund, according to a Wednesday Wall Street Journal report. The Game Plan Vanguard has an excellent reputation among everyday investors who like it’s low-cost funds. But the company now wants to expand it...

Jonathan Lavine is a co-managing partner of Bain Capital and serves as the firm’s chief investment officer. On Tuesday he spoke with Bloomberg’s Guy Johnson to offer his take on some of today’s more pressing and hot topics. Coronavirus Concerns No conversation on the market direction is complete without discussing the Coronavirus. It is difficult to quantify the exact risk the virus has on markets because no one really understan...

The global private equity industry is sitting on $1.5 trillion in cash which poses both a set of challenges and opportunities. Industry Is Feeling Good 2019 was a busy year for the private equity industry who oversaw $450 billion worth of deals, Bloomberg said in an early January report. Looking forward to 2020, this figure could rise higher as the economic and geopolitical outlook looks more favorable compared to the same time last year. Private...

As per the recent announcement from Manulife Investment Management (Manulife), it has committed around $1.5 billion to Manulife Private Equity Partners (MPEP). Manulife Investment Management is known to work diligently towards offering specialized solutions for asset management to global investors. MPEP is Manulife’s Private Market’s Group’s first fund of funds product. Manulife Used Its Existing Funds Portfolio To Seed The Fund In order to seed...

In the past three years, we have seen a boom in private equity (PE), and venture capital (VC) funds investing billions. In 2016 they invested about $12.8 billion, which tripled to $36.3 billion in 2019 across asset classes and deal sizes. The growth has been robust and diverse for a prolonged period. Deal flow is making a buzz. From nearly 450 deals a decade ago, the Market now sees close to 900.  Not only are funds clinching more deals, but...

A private equity firm plans to buy Harwood Wealth Management for £91m. Harwood Wealth Management is in the business advisory business. On Monday, the wealth manager announced Hurst Point Topco Ltd, backed by a private equity parent Carlyle had agreed on terms to buy Harwood. The PE firm values Harwood at 16.3 times its unaudited adjusted earnings. The wealth manager’s directors have already committed to back the sale, with shares representi...

Asia-focused lender to also sell majority of private equity investment portfolio

Asia-focused lender sends teaser documents to potential bidders

Clayton Dubilier & Rice and Bain Capital team up to make offer for division

Division takes cut of Rush hair salon

Anglo-Dutch oil major agrees to offload certain assets in Gulf of Mexico

LDC generates 2.6x return on Waterfall sale

Move comes after family-owned manufacturer returns to growth