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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 519,437 Deals | 34,074 Funds | 22,558 Limited Partners | 26,389 Advisors | |
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MONDAY, MARCH 21, 2016  | |
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From the big leagues to the boardroom: 8 athletes in private equity What’s a professional athlete to do when he or she retires before the age of 40 with the competitive juices still flowing, endless free time and, often, a very healthy balance sheet? For some, the answer is to pursue a second career in private equity.
Click here to read about some of the biggest names to take the leap, including a two-time NFL MVP, a member of the 1992 Dream Team and one of the greatest goalies in NHL history. |
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PE funds from recent vintages outpacing those hit by financial crisis The ramifications of the financial crisis are still apparent in the numbers posted by PE funds, despite how long it has been.
At the four-year mark from inception, vintages from 2008 onward are outpacing the three hit hardest (2005-2007), with 2009 in particular showing considerable strength. This is hardly surprising, given how active PE sellers have been the past two years, even with some of their younger holdings. It should be noted that the same seller's market has enabled the gradual recovery of 2005-2007 vintages.
To read more about how GPs and LPs are working to extract the most value out of those older vintage funds, read our analysis. |
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2008 Vintage U.S. Venture Funds | $100 million - $250 million | | | Median IRR: | 12.10% | | Top Quartile IRR Hurdle Rate: | 23.02% | | Median TVPI: | 1.4x | | Median DPI: | 0.3x |
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Select Top Performers (based on net IRR) | | |
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Anbang, JCF, Primavera Capital bid over $13B for Starwood Arsenal backs Pacific Urethanes Riverside welcomes Guestline | The Riverside Company has entered a definitive agreement to invest in Guestline, a software provider for the hospitality sector. The company's products include property management software and electronic point-of-sale systems. | Business Software Shrewsbury, United Kingdom | |
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Portobello Capital brings Spanish spice business under umbrella | Portobello Capital has acquired a significant stake in Ramón Sabater, valuing the company at a reported €110 million. The company is a manufacturer of spices for the food industry. | Food Products Murcia, Spain | | |
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| Tenex Capital Management has closed its Fund II on a hard cap of $814 million, just five months after launching the vehicle. Tenex will put the capital raised to use with control investments in middle market companies. | |
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Apollo eyes $750M fundraising | Apollo Global Management has set an offering amount of $750 million for a debut special situations vehicle, according to an SEC filing. The firm’s latest flagship fund, Apollo Investment Fund VIII, closed on $18.4 billion in 2013. | |
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Silver Oak closes Fund III on $335M PSERS to invest nearly $1B toward funds |
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Want to learn more? Contact our team of private equity specialists. US +1 (206) 623-1986 UK +44 (0)207-190-9809 [email protected] |
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