Remembering Warren Hellman: ‘An Openness To Ideas And To People’
Tully Friedman, who formed his famous partnership with the late Warren Hellman in 1984, remembers the first time they met.
It was around 1970, Tully was looking to break into investment banking after starting his career as an attorney, and he was visiting the New York offices of Lehman Brothers.
The late Steven Fenster, then at the...
HealthCor Partners Out Seeking $300M For Fund II
HealthCor Partners Management, an investor in fast-growing health care and life sciences companies, is out seeking $300 million—a tally that would double the firm’s assets under management if achieved.
The New York-based firm is part of the HealthCor Group, a hedge-fund manager and private equity shop with more than $3 billion under management. According to its...
Uncle Sam Wants You To Raise An Early-Stage VC Fund: UPDATED
The federal government played nursemaid to the venture capital market through its SBIC program launched in 1958. Now it’s looking to the same program to help guide VC through its mid-life crisis—and it wants your feedback on how to do it.
The original Small Business Investment Company program aimed at financing startups, called the participating-securities SBIC program,...
What Obama Administration, KKR Have In Common: CORRECTED
For one, they’re both big players in the private equity market.
In fact, in the home stretch to the November election, President Barack Obama may have trouble ripping into the private equity record of Mitt Romney (should Romney secure the nomination). The Obama administration has been quickly ratcheting up its own participation in the market—and no,...
Fundraisers: How To Win The Heart Of One Big LP
Kelly M. Williams, managing director and global head of the Credit Suisse Customized Fund Investment Group, pulls no punches in describing the big challenge that prospective general partners have in winning a commitment from her team.
Delivering a keynote address earlier this month at Buyouts Texas, a conference hosted by sister magazine Buyouts, Williams first expressed that...
Infographic: Is Your Fund In The Dreaded Bottom-Quartile?
All the talk of a pending buyout shakeout this week on peHUB coincides nicely with the annual fund performance review by sister publication Buyouts Magazine.
Needless to say, managers of bottom-quartile funds have to be deemed most at risk for getting shaken out. And we’re making them easy to spot. The infographic below, derived from our performance database, dramatically illustrates, in brightly colored...
Infographics: Where To Make The Big Bucks In PE/VC
So, let’s say you want to make more money. What do you do?
Here's some advice: Head for the firms with the greatest assets under management.
It's simple arithmetic. The more assets under management, the more a firm rings up in management fees and, in the case of buyout firms, deal-related fees (those not handed over to...
