Fund finance market—adapting to change
JD Supra: Mergers
JUNE 23, 2023
Following a period of rapid growth, the fund finance market has reached an inflection point.
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JD Supra: Mergers
JUNE 23, 2023
Following a period of rapid growth, the fund finance market has reached an inflection point.
TechCrunch: M&A
OCTOBER 18, 2023
Founders Future, a well-known VC firm in the French tech ecosystem, acquired an equity crowdfunding marketplace called Sowefund. With its VC funds, […] © 2023 TechCrunch. While terms of the deal remain undisclosed, Sowefund has been profitable since 2022 with around 20 employees. All rights reserved.
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JD Supra: Mergers
JANUARY 9, 2025
Launching a private equity fund is an exciting yet daunting endeavor; and a General Partner (GP) Advisory Board can be a critical asset in navigating the complexities. Thoughtfully designing and engaging a GP Advisory Board strengthens a private equity firms capabilities by adding external expertise to the firms internal resources.
JD Supra: Mergers
SEPTEMBER 5, 2024
AB 3129 would establish a mandatory approval process for a broad range of healthcare-related transactions involving private equity funds and hedge funds, giving the California Attorney General (“CA AG”) broad authority to block or impose restrictions on transactions to protect public interest. By: Goodwin
JD Supra: Mergers
FEBRUARY 28, 2024
Traditionally, private equity firms were seen as benign investors from an antitrust perspective. In the past 12 months, PE-funded acquisitions have faced progressively more rigorous scrutiny by antitrust authorities. This is changing. By: Allen & Overy LLP
JD Supra: Mergers
JANUARY 9, 2024
As we begin 2024, we have highlighted the issues and trends that private equity (PE) investors should consider when evaluating transactions in the healthcare sector. Healthcare Continuation Funds: Strategic Considerations - With a sluggish 2023 for platform exits, an increasing number of PE funds looked to continuation funds to offer.
JD Supra: Mergers
MARCH 12, 2024
The year 2023 will be remembered as a challenging one for private equity (PE), with complexities to navigate on many fronts. Although overall transaction volume was significantly down, private equity funds still found. By: Akin Gump Strauss Hauer & Feld LLP
JD Supra: Mergers
DECEMBER 21, 2023
It is especially relevant for renewable energy project developers, energy transition private equity funds and sustainable infrastructure funds due to the fact that renewable energy developers often have a complex. By: McDermott Will & Emery
JD Supra: Mergers
AUGUST 19, 2024
California is looking to take the lead on regulating private equity deals in the health care space by introducing bill AB 3129, which requires private equity groups or hedge funds to receive the state attorney general’s approval before purchasing a health care entity.
JD Supra: Mergers
FEBRUARY 16, 2024
Luxembourg and the Cayman Islands are two of the world’s leading fund formation jurisdictions, and account for a large portion of the private equity funds domicile market. By: Cadwalader, Wickersham & Taft LLP
JD Supra: Mergers
APRIL 1, 2024
The California legislature is considering a bill that could severely impact the ability for private equity companies and hedge funds to operate in the California health care industry. By: Polsinelli
JD Supra: Mergers
OCTOBER 1, 2024
The proposed law sought to regulate health care transactions involving private equity and hedge funds. On September 28, California Governor Gavin Newsom vetoed Assembly Bill (AB) 3129. By: ArentFox Schiff
TechCrunch: M&A
OCTOBER 5, 2023
billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt. Eldridge Capital and 3L Capital co-led the tranche with participation from BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, Temasek, Slow Ventures and Assembly […]
JD Supra: Mergers
APRIL 29, 2024
As proposed by Assembly Speaker pro Tempore Jim Wood, Assembly Bill 3129 (“AB-3129” or the “Bill”) seeks to expand state oversight of transactions involving private equity groups or hedge funds and health care facilities or providers. By: Quarles & Brady LLP
JD Supra: Mergers
SEPTEMBER 23, 2024
On August 31, the last day of its 2024 Legislative Session, the California Legislature approved Assembly Bill 3129 (Wood), which provides for notification to and review by the Attorney General of health care transactions involving private equity groups and hedge funds.
JD Supra: Mergers
OCTOBER 1, 2024
Gavin Newsom vetoed a controversial bill that would have restricted private equity and hedge fund healthcare transactions in the state. On Saturday, September 28, California Gov. By: Fenwick & West LLP
Deal Lawyers
NOVEMBER 28, 2023
Family offices have become increasingly important players in the space traditionally occupied by private equity and venture capital funds. These excerpts summarize some of the Survey’s […]
JD Supra: Mergers
OCTOBER 21, 2024
Equity Commitment Letters (ECL) are legal documents pursuant to which one party (typically the main fund or multiple funds managed by the sponsor) (the ECL Provider) commits to providing a certain amount of capital, usually cash, to another party (typically the borrower or borrowers owning the shares that back an underlying loan agreement) (the ECL (..)
JD Supra: Mergers
MAY 22, 2024
McGuireWoods recently held its 20th Annual Healthcare Private Equity and Finance Conference (HCPE Conference) in Chicago. The conference drew more than 1,000 professionals from private equity funds, senior and mezzanine lenders, and investment banks, as well as C-level executives, consultants and principals in the healthcare industry.
JD Supra: Mergers
AUGUST 5, 2024
The Massachusetts legislative session for 2024 has come to a close without the passage of a bill that would have targeted private equity in healthcare.
Deal Lawyers
DECEMBER 5, 2024
Earlier this year, I blogged about the NFL’s decision to open its franchises up to investment by a select group of private equity funds. According to this Institutional Investor article, those funds are chomping at the bit to get a piece of the NFL’s action, and it says that they like the NFL for the […]
Deal Lawyers
JUNE 20, 2023
In recent years, PE fund general partners have increasingly moved certain assets into continuation funds, which allow them to continue to hold the investments while offering limited partners the option to either roll-over their investments into the continuation fund, liquidate their investments or engage in some combination of both alternatives.
JD Supra: Mergers
OCTOBER 2, 2024
3129 (AB 3129), which would have required private equity groups and hedge funds to obtain the Attorney General’s written consent at least 90 days prior to acquisitions or changes of control of certain health care facilities, provider groups, and other providers. On September 28, 2024, Governor Newsom vetoed Assembly Bill No.
JD Supra: Mergers
JUNE 13, 2024
By: Holland & Knight LLP
OfficeHours
JUNE 2, 2023
When you first decide to enter the world of private equity, you will undoubtedly be more overwhelmed than you were when you entered investment banking recruiting. Below, I will outline some of the best private equity firms to work for in 2023. of aspiring juniors were able to land the coveted position. GTCR has invested more than $8.5
JD Supra: Mergers
MAY 29, 2024
In a decision with significant implications for private equity firms and minority investors, on May 13, 2024, the US District Court for the Southern District of Texas dismissed the Federal Trade Commission’s (FTC) suit against a fund of private equity firm Welsh, Carson, Anderson & Stowe (Welsh Carson) that is a minority investor in US Anesthesia (..)
OfficeHours
JUNE 6, 2023
Private equity is an investment asset class that has gained significant prominence and popularity in recent decades. However, private equity can seem complex and intimidating to beginners who are unfamiliar with its fundamentals. The Different Types of Private Equity Firms Private equity firms come in different sizes and strategies.
JD Supra: Mergers
JUNE 3, 2024
California’s AB 3219, which would require private equity firms and hedge funds to obtain prior approval to consummate certain healthcare-related transactions, is now one step closer to becoming law following the State Assembly’s May 22, 2024 passage of the pending legislation.
JD Supra: Mergers
JANUARY 8, 2024
banking regulators published a request for comment covering a proposed revision to the call report forms and process that would mandate more granular disclosure on loans made to private equity funds. That’s one possible question after U.S. By: Cadwalader, Wickersham & Taft LLP
JD Supra: Mergers
MAY 17, 2024
Anesthesia Partners (USAP) and Welsh Carson, a private equity fund that owns 23 percent of USAP and controls two of 14 board seats, engaged in an anticompetitive scheme to acquire and consolidate anesthesia practices in Texas partially survived motions to dismiss by the two defendants. The Federal Trade Commission’s suit alleging U.S.
JD Supra: Mergers
OCTOBER 11, 2024
Renovus Capital Partners has announced it has closed its fourth private equity fund. By: McGuireWoods LLP
The New York Times: Mergers, Acquisitions and Dive
MARCH 18, 2024
Private equity is cannibalizing the music industry by buying up old hits and pushing them back into our cultural consciousness.
OfficeHours
AUGUST 9, 2023
To know if the buyside is right for you, let’s start with a textbook understanding of “What is private equity?” Private equity involves investing capital directly into private businesses that are not publicly traded on stock exchanges (that would be a hedge fund). Strategic thinking skills are essential.
Deal Lawyers
SEPTEMBER 13, 2023
In early September, six trade associations jointly filed a lawsuit in federal court challenging the validity of the SEC’s recently adopted Private Fund Adviser Rules. We’ve previously blogged about the content of the new rules and criticisms by two SEC Commissioners.
OfficeHours
JUNE 12, 2023
Working in private equity is highly attractive for many reasons, and many finance professionals who are not already in the field often look for ways to break in. One of the primary ways to do so is by landing an internship at a private equity firm you might want to work at.
Deal Lawyers
JUNE 17, 2024
Woodruff Sawyer recently issued its “Guide to Insuring Fund Liability Risks for Venture Capital and Private Equity Firms.” ” The publication provides an overview of the key coverages and claims scenarios.
Deal Lawyers
JULY 25, 2024
According to a recent Institutional Investor article, private equity funds are sitting on a mountain of dry powder – or at least some of them are. The article says that PE & VC funds have added nearly $50 billion to their cash reserves since December 2023.
Mergers and Inquisitions
MARCH 13, 2024
Over the past few decades, growth equity (GE) has gone from an afterthought to a major asset class for huge investment firms. Some argue that GE offers the best of both worlds: the opportunity to fund innovation and growth – as in venture capital – plus the ability to limit downside risk and invest in proven companies – as in private equity.
JD Supra: Mergers
FEBRUARY 28, 2024
California Attorney General (AG) Rob Bonta and Assembly Speaker Pro Tempore Jim Wood have introduced new legislation addressing private equity health care deals. 3129, would grant the AG oversight over private equity and hedge fund acquisitions of health care facilities. The bill, A.B. By: Troutman Pepper
Deal Lawyers
NOVEMBER 6, 2023
You might think that with 2023’s challenging M&A environment, PE fund employees would be experiencing a big compensation hit. In fact, this excerpt says that those folks are seeing double-digit increases in their pay: The median total cash compensation for all levels of private equity employees […]
OfficeHours
MAY 21, 2023
Private equity associates are the workhorses of any investment team. They are typically closest to the financial modeling, analytical work, and diligence that private equity firms perform. Depending on the practices of the fund, associates may be expected to present part or all of the investment committee memo.
JD Supra: Mergers
OCTOBER 1, 2024
On Saturday, September 28, California Governor Gavin Newsom vetoed Assembly Bill 3129. By: Goodwin
OfficeHours
JUNE 6, 2023
Private equity firms play a significant role in the global financial industry, and their presence is particularly pronounced in New York City. Job Creation and Economic Growth: Private equity firms in New York City contribute to job creation and economic growth through their investment activities.
JD Supra: Mergers
JUNE 16, 2023
Each day new limited partnership agreements come across our desks, sent to us by our bank clients who ask us to read and analyze these documents alongside them to determine the most critical question in fund finance: is it bankable? By: Cadwalader, Wickersham & Taft LLP
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