| View this email online The Wire Oct. 7, 2021 GPs eye the exits before year-end as tax changes loom, RedBird exec launches his own firm Happy Thursday! We have news today that GPs are eyeing the exits scrambling to sell assets before year-end amid fears of tax increases under the Democratic-controlled Congress. However, deal activity is so frenetic some advisers are telling clients to just hold off until next year. “I have heard people being told that after Labor Day, don’t even think about selling or starting a fund – it is way too busy right now and you will have a hard time being seen – we are advising you wait until first or second quarter of next year,” said a panelist at our PartnerConnect East event this week in New York. Read it here on PE Hub. Also, Robert Covington, a partner with RedBird Capital Partners, left in August to form Braemont Capital, which has secured just over $300 million, Kirk writes. RedBird’s founder and managing partner, Gerry Cardinale, was supportive of Covington’s plans, he said. Read the full story here on Buyouts for details. That’s it for today! Hit me up with tips n’ gossip, feedback or The Drama at [email protected] or find me on LinkedIn. Read the full wire commentary on PE Hub... Also of note (may require subscriptions) Credit: Everberg Capital, formed an an ex-PineBridge credit executives, is targeting $350 million for its second pool that will provide structured capital investments to mid-market companies. Scott Siegel, managing partner, launched Everberg in 2019. Read more here on Buyouts. Care: WindRose Health Investors completed the sale of Vital Decisions to Evolent Health, Inc. Windrose completed its majority investment in Vital Decisions in 2012. Read more here on PE Hub. Automation: TPG Capital agreed to acquire a majority stake in Nintex, which provides a platform in the digital process automation industry. Nintex’s current majority investor, Thoma Bravo, plans to make a new equity investment in the company and maintain a significant minority interest. Read it here. PE Deals They said it “It’s not like we think that it’s the only thing to be doing, because we’re buying a lot of things too.” Bruce Flatt, CEO of Brookfield Asset Management, talks about the exit environment at a recent conference, according to Bloomberg. 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. | 