Rauner Rocks the House in Philly
Bruce Rauner turned lunch into a pep rally for the buyouts business Friday at the Wharton Private Equity & Venture Capital Conference. He was passionate, he was funny, he was profane. He was a hoot.
Northern Trust Likely Raising New Set of Funds of Funds
It appears that Northern Trust Corp. has been gearing up for a new round of private equity fundraising. The Chicago banking company, best known as a custodian of assets for companies and institutional investors, has filed paperwork for a clutch of new funds encompassing both buyout and venture capital strategies. The documents don’t say so, but Northern...
Question of the Week RESULTS — Carry Is Safe
This probably should be no surprise, but readers of peHUB expect the tax-advantaged status of carried interest to remain untouched after the election of 2012.
A solid majority, at 53%, felt comfortable predicting in our Question of the Week that carry would continue to be taxed at low low capital gains rates. Interestingly, the minority split...
Question of the Week: Carry and the Election – Updated
As Mitt Romney prepares to release his tax returns on Tuesday, all eyes will be on Schedule D, Capital Gains and Losses, so everybody can take a look at his carried interest income. I can hear teeth grinding already in buyouts land.
Clearly, Romney's ...
KKR Raises $104 Million for Lending Initiative
Kohlberg Kravis Roberts & Co. has raised its first $100 million or so to support its new lending strategy.
After Buyouts reported last week that the firm was redoubling its efforts in the upper-mid-market senior lending business (subscribers click here; see the Reuters version of the story here), following the close in October of a $1...
Question of the Week: Saving the Euro Zone UPDATED
Having rescued American banks in the financial crisis of 2008 and 2009, the Federal Reserve is now stepping up to rescue Europe's banks in their sovereign crisis.
Now, this is being billed as a joint action by ...
Carlyle Buys Churchill in Latest Move to Grow Its CLO Business, Prep for IPO: Corrected
Continuing to diversify its revenue streams as it prepares for a public stock offering, The Carlyle Group has acquired leveraged lender Churchill Financial Group LLC from its current backer, buyout firm Olympus Partners, according to sister publication Buyouts.
The deal means that 13 Churchill investment professionals will be doing their loan underwriting for Carlyle going forward....
Question of the Week: Outlook for the Euro Zone
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It has been an interesting question at our Buyouts Texas conference in Dallas, whether the European single currency will survive the current crisis, and what its impact will be on dealmakers in the United States.
Amalgamated Consolidates Cash-Flow, Asset-Backed Lending
Amalgamated Bank has begun to go to market with a unified financing program for buyout sponsors that includes both cash flow lending and asset-based loans, the New York labor bank plans to announce on Tuesday.
“Now I feel confident we have the underwriting and the account management capability” to serve both groups of borrowers, Robert Love,...
