Friday, 29 August 2014
Last updated 16 hours ago
Oct 20 2008 | 3:48pm ET
While the public financial markets are in crisis, U.S. private equity firms not only continue to stockpile capital but have picked up the pace of their fund-raising.
Private equity firms raised $222.6 billion for 264 funds during the first three quarters of 2008, 11% ahead of the $200.4 billion raised for 298 funds in the same time last year, according to Dow Jones Private Equity Analyst. That is in contrast to the halfway point of this year, when fund- raising slightly lagged last year's pace, and is despite a slow-down in buyout fund-raising. The full-year fund-raising record of $313 billion was set in 2007.
Distressed firms are seeing strong interest from investors with 18 funds raising $37.9 billion thus far this year, up 28% from $29.5 billion raised by 16 funds at this point last year. Distressed firms raised a record $48.2 billion in 2007.
Mezzanine funds are apparently also having a great year, gathering $36.9 billion across 13 funds, compared to $3 billion across nine funds through the third quarter last year, according to the publication. And the corporate finance and industry-focused buyout segments collectively saw 78 funds raise $103.3 billion, down 12% from the 98 funds that raised $118 billion during the first three quarters last year. Buyout firm TPG Capital helped the overall numbers in the third quarter, disclosing that it had raised an additional $7.8 billion for TPG Partners VI, bring its year-to-date total for the fund to $19.8 billion. The firm also collected $6 billion for TPG Financial Partners.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...