Good morning dealmakers, it’s Obey Martin Manayiti with the US edition of the Wire from the New York newsroom. I hope you had a nice holiday break. We are opening the newsletter this morning with an interview with Hollie Haynes, the founder and managing partner of San Franscisco-based Luminate Capital Partners. She shares her approach to investments and her 2025 outlook, among other themes. Stay tuned for more below. Next, Apollo Global Management and BC Partners have agreed to acquire the environmental services business of GFL Environmental for an enterprise value of C$8.0 billion ($5.6 billion). We will conclude with insights from LPs regarding the exit market in 2025. A different approach Hollie Haynes is the founder and managing partner of Luminate Capital Partners, a San Francisco-based private equity firm that invests in enterprise software companies. She founded Luminate in 2015, and today the firm has assets under management in excess of $2 billion, with a portfolio that includes Axonify, Conexiom, Compliance & Risks, Ease, MSI, StarCompliance, Suralink and Thought Industries. Haynes will be a featured speaker at PEI Group’s upcoming NEXUS 2025 summit. For our ongoing series with PE thought leaders, Haynes discussed a broad range of themes with our editor-in-chief Mary Kathleen Flynn. Premium subscribers have access to the full interview. Clean up Apollo Global Management and BC Partners have agreed to acquire the environmental services business of GFL Environmental for an enterprise value of C$8.0 billion ($5.6 billion). Upgrade to the premium version of the Wire for more, including six private equity deals in waste management that we covered last year. Enhanced optionality Last year was a tumultuous one for private equity investors, who faced ongoing liquidity challenges as dealmaking and exit activity remained at relatively low levels. As we head into 2025 and as macroeconomic conditions begin to stabilize, LPs appear to be more optimistic, writes Hannah Zhang of affiliate title Private Equity International.
Hannah gathered some LP predictions for the exit market this year.
Upgrade to the premium version of the Wire to find out LPs’ predictions for dealmaking and fundraising in 2025. That’s it for me today. As always, I’d love to hear from you at [email protected]. Obey Read the full Wire commentary on PE Hub ... | 