Morning Hubs! This is Chris, on for Wire Wednesday. I’m just gearing back up after a nice break at the end of August in which I indulged my passion for fishing. Explored some of the local waterways around NJ (salt and fresh). Hope you got some time off as well before the fall rush. Speaking of which, tons of news this morning! Merge Big news from Bridgepoint Group, (owner of PE Hub and Buyouts publisher PEI Group) which announced a $1.05 billion acquisition of Energy Capital Partners. The deal is said to add a “third pillar” to Bridgepoint’s business, incorporating ECP’s energy transition-focused infrastructure strategy to Bridgepoint’s existing private equity and credit businesses. Upgrade to the premium version of the Wire to learn all about the deal. Joiners Ex-Apollo big Josh Harris’s new shop, 26North Partners, added seven partners to the firm recently: Larry Berg, Jon Garcia, Andrew Rabinowitz, David Yu, Michael Mastropaolo, Jordan Walter and Jorge Beruff. The firm also reported an increase in total assets to $12.7 billion, according to a statement. Buyouts reported in December the firm had grown quickly to around $9.5 billion in AUM. Take-private Thoma Bravo agreed to take-private NextGen Healthcare, which provides healthcare tech services. As part of the deal, NextGen Healthcare shareholders will receive $23.95 per share in cash. The deal is expected to close in the fourth quarter. Read more here on PE Hub. Your perspective We need your help! PEI Group's LP Perspectives 2024 survey, our annual study of institutional investors’ approaches to private markets asset classes over the coming year, is now live. The survey gathers insight on investors’ asset allocations, propensity to invest, performance predictions and views on the wider market. It takes no longer than 10 minutes to complete, and all submissions will remain anonymous. We'd love to hear from you by Friday 6 October. Since the survey will be published across our various titles, respondents will be given the choice of which asset class's results they’d like to receive as a thank you for completing the survey. PEI will also donate $5 to UNICEF for each completed response. You can find it here. That’s it for me! Have a great rest of the day. Hit me up with feedback, tips n’ gossip or your theories on the state of the economy at [email protected] or find me on LinkedIn. Rafael Canton will be with you tomorrow. Read the full Wire commentary on PE Hub ... |