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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 514,090 Deals | 33,915 Funds | 22,417 Limited Partners | 26,112 Advisors | |
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TUESDAY, MARCH 8, 2016  | |
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PE & VC cash flows set to decline from 2014 levels GPs are still able to raise ample amounts of capital, but the constant lack of targets to deploy that money continues to haunt many fund managers. With that, LPs have received distributions of near $216 billion from PE funds through the first half of 2015 and $35.4 billion from VC vehicles.
LPs have enjoyed positive net cash flows from alternative asset class GPs, yet they've also re-committed a significant amount. Moving forward, will LPs look to closer track fund performance as they employ more risk averse strategies?
Sponsored by R.R. Donnelley, we've just released our latest Benchmarking and Fund Performance Report, which tracks data through 1H 2015 and offers a comprehensive view of fund performance metrics including horizon IRRs, fund cash flows and return multiples.
Click here to view the full report for free. |
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Brexit effect? PE investor activity in the U.K. sluggish to start 2016 Just about any way you slice it, the first half of this decade has seen a marked uptick in private equity investment (non-venture) in the United Kingdom. In 2015, 388 PE investors completed 820 deals, according to the PitchBook Platform, with both figures representing five-year highs. So far in 2016, however, there have been signs of a slowdown...
Click here to read more, and to see the 8 most active PE investors in the U.K. since 2011. |
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2009 Vintage European Buyout Funds | | Median IRR: | 10.30% | | Top Quartile IRR Hurdle Rate: | 12.16% | | Median TVPI: | 1.3x | | Average Amount Distributed: | $815.85 million |
| | | Select Top Performers (based on net IRR) | | |
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Advent-backed DI acquires 3i Supply Freshstream invests in U.K. infrastructure contractor | Bregal Freshstream has acquired Taziker Industrial, a contractor for the rail, road, marine and utilities industries. The investment comes from the firm’s €600 million debut fund. | Construction Bolton, United Kingdom | |
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Senvion sets price for private placement | Wind turbine producer Senvion, a portfolio company of Centerbridge Partners and Arpwood Capital, has announced a price of €20 to €23.50 per share for its planned private placement. Centerbridge and Arpwood are offering up to 46% of the company’s total shares for as much as €700 million, valuing Senvion at about €1.4 billion. | Alternative Energy Equipment Manufacturing
Hamburg, Germany | |
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One Peak, Goldman Sachs back Staff Finder 12th Annual London Business School PE & VC Conference London Business School invites you to hear leading practitioners and academics discuss what is driving the PE&VC industry at our 12th Annual Conference on 11 March 2016. The theme, “Evolving Stakeholder Relationships and the Search for Returns in a Maturing PE&VC Landscape” seeks to explore the strategies to stay competitive and create value in the context of high competition and continued LP demand for outsized returns relative to other asset classes. Keynotes include Dwight Poler (Bain Capital), Kathleen Bacon (HarbourVest) and James Downing (Silicon Valley Bank).
To get more information and register, click here. |
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CD&R-backed Atkore files for IPO | Atkore International Group, a Clayton, Dubilier & Rice portfolio company, has filed for an IPO. CD&R (99.3% pre-IPO stake) has backed the designer, manufacturer and distributor of electrical and metal products since 2010. | Industrial Supplies Manufacturing
Harvey, IL | |
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H.I.G. Capital names Matt Lozow, Alok Sanghvi MDs | H.I.G. Middle Market, the middle-market-focused investment affiliate of H.I.G. Capital, has promoted Matt Lozow to managing director and hired Alok Sanghvi as a managing director. They will lead H.I.G.’s business services investment efforts. | |
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Victory Park Capital announces promotions and hires HarbourVest adds Janish Patel as principal | Janish Patel has been hired as a principal on the Client Relations team at HarbourVest Partners, where he will focus on coordinating, monitoring and enhancing the firm’s relationships with new and existing investors and consultants in the U.K. and the Middle East. He was previously a managing director at CVC Capital Partners. | |
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