| View this email online The Wire Sept. 29, 2021 Bregal names CEO as part of planned transition, Soros-spinout Newlight Partners eyes hefty ambition for debut fund Morning! Big news out of Bregal Investments this morning. The firm named Alain Carrier as chief executive officer, effective Jan. 1. Carrier will succeed co-CEOs Steve Black and Quentin Van Doosselaere, who are leaving at year-end as part of a planned retirement. Carrier will join Bregal in mid-November to help in the leadership transition, the firm said in a statement. Read it here. Also, Newlight Partners, formed by a group of executives who spun out of George Soros’ family office in 2018, is eyeing an ambitious goal for its debut independent fund. Newlight has been talking to potential investors about the fund. Read more here on Buyouts for the details. That’s it for me! Have a great rest of the day. Reach me with tips n’ gossip, feedback or whatever else at [email protected] or find me on LinkedIn. Read the full wire commentary on PE Hub... | SPONSORED INSIGHT | | Global Private Equity Performance Series | | The fourth edition of Global Private Equity Performance Series is for the first time using the deal-level benchmarks in geographical performance analysis. Powered by data sourced directly from GPs and validated via the Insight platform, GPEPS now provides a detailed analysis of performance and deal activity across all regions and sectors at the portfolio company level. This edition of our annual report on global and regional performance is organized around three complementary analyses: the annual performance, the investment-to-date performance and the IRR analysis. | | Download the paper |
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Also of note (may require subscriptions) Finish: Brightstar Capital completed the acquisition of XLerate Group, a nationwide car auction and remarketing facilitation company. Brightstar made the acquisition in partnership with XLerate’s senior management team. Read more here. Considering: Alaska Permanent Fund Corp is considering a secondaries sale to get its allocation rebalanced. The sovereign fund is considering hiring a broker for a secondary sale later this year, said CIO Marcus Frampton at the state investment committee meeting this week. Read it here on Secondaries Investor. Newbie: Oceansound Partners, formed in 2018, made a strategic investment in RMA Group of Companies, which provides tech-enabled laboratory testing, inspection and quality management services for critical infrastructure end markets. RMA’s management team, led by president and CEO Ed Lyon, retained a significant ownership stake in the company, and will continue in their leadership roles going forward. Read more here. PE Deals They said it “Covid has reduced the risk profile even further, pointing investors toward their existing relationships. LPs do now seem ready to engage, and travel, but the Delta variant means, once again, they are having to press pause.” Lindel Eakman, partner at Foundry Group, said in a recent interview about LP appetite for emerging managers. Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. | 