Entries tagged "private capital symposium"

U.S. PE funds look to China for money

American PE funds are looking to China, which is sitting on more than $2 trillion in cash and lacking talented investors.

Moelis hiring spree endures two years later

There was no doubt famed rainmaker Ken Moelis would recruit fellow bankers after starting his own firm, but he probably didn't expect a global financial crisis to help things along.

Bernanke on Fed balance sheet: Don't worry

The Federal Reserve chairman tried to reassure skeptics that the money the Fed has made available to ease the liquidity crunch has not dangerously expanded its balance sheet.

PE pros on healthcare dealmaking

At The Deal LLC's Healthcare Dealmaking Symposium Tuesday morning, a group of private equity professionals spoke about the M&A landscape in the sector.

Sandy Weill may start buyout fund targeting financial services

Sanford Weill, the former CEO of Citigroup Inc., may be preparing to jump back into dealmaking with a new private equity firm that will invest in financial services companies and assets with beaten down valuations. ...

Greg Share grabs PE gig as Moelis continues to hire

Veteran private equity pro Greg Share is the latest hire of investment bank Moelis & Co. Share, who will hang his shingle at the New York office, will be a partner in the PE business of Moelis Capital Partners. ...

Steven Rattner steps down as chairman of DLJ Merchant Banking

The head of DLJ Merchant Banking Partners, Steven Rattner, is stepping down as chairman of the Credit Suisse Group private equity unit to spend more time with family, ending a 20-year run with the firm. ...

Dealwatch: PE and VC fundraising

Madrona Venture Group and Islamic Buyout Fund are the latest to announce new investment vehicles.

Dealwatch: J.P. Morgan-Bear Stearns merger

May 29, 2008: Bear Stearns Cos. shareholders approve the company's $10 per share sale to J.P. Morgan Chase & Co. The vote was more of a formality than anything else and ends a months-long, unprecedented story. The Wall Street Journal did a three-piece series on the saga, and The Deal's Robert Teitelman weighed in with his thoughts on the coverage and the story of the fall of Bear itself. ...

Dealwatch: Middle market

It seems the Midwest is a hotbed for middle market activity. Midmarket investment bank Houlihan, Lokey, Howard & Zukin Inc. has a huge presence in Minneapolis. Columbus, Ohio is the birthplace of many restaurant chains and, in turn, a self-fulfilling deal dynamic, Chicago midmarket lender Madison Capital Funding LLC's business thrives during times of economic uncertainty and Cleveland is home to at least a dozen midmarket private equity firms....

Norway's sovereign wealth fund to hold more than 1% of Europe's stocks

The world's second-largest sovereign wealth fund, Norway's Government Pension Fund-Global, is ramping up its investment in European equities and plans to set up its own private equity unit....

Private Capital Symposium Video: Goldman's Richard Shinder

At The Deal's Fifth Annual Private Capital Symposium, Richard Shinder, a director at Goldman Sachs Special Situations Group Inc., spoke about the important changes that have come out of covenant-lite debt terms. "We were in a very aggressive debt financing market for the last several years, even in the middle market," Shinder said. "Even where there is traditional financing covenants, you have looser covenants and a lesser degree of equity in the deals. And then related to that is the dramatic amount of sponsor activity ... the more traditional sponsors acquiring businesses with high degrees of leverage and with relatively...

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