Thursday, 26 November 2015
Last updated 17 hours ago
Jul 10 2014 | 6:12am ET
Private-equity firms apparently failed to heed Leon Black’s advice last year to sell “everything that’s not nailed down”—at least until now.
P.E. exits hit an all-time high for a first half this year, with firms selling $187.3 billion in holdings, according to Dealogic. In the first half of last year, by contrast, exits totaled only $97.3 billion.
In the first six months of 2014, exits in North and South America alone topped that figure at $98.8 billion.
Secondary buyouts hit a seven-year high at $35.9 billion.
P.E. firms may have been so busy selling that they didn’t have much time to buy: Dealogic said that fewer deals were struck than in any first half in three years. Deal-making totaled just $128.7 billion through June, down 12% from the first half of 2013.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…