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Wealthy Families Fuel $20bn Private Equity Buyout Wave

Private Equity Insights

Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in private equity buyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. ASA in January with funding from Denmark’s Kirk Kristiansen dynasty, the owners of Lego Group.

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Ardian raises $20bn for secondary fund targeting stakes in buyout funds

Private Equity Wire

Secondary funds offer pension funds and other investors the chance to secure an early exit from private equity buyout investments, which typically lock up investor cash for more than a decade, and have become increasingly common as institutional investors have upped their PE allocations in recent years.

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The Paris Based Private Equity Firm Ardian Raises Over $20bn For Secondaries Fund

Private Equity Insights

The Paris-based company has raised the money for a secondary fund that profits from institutional investors who sometimes have to sell stakes in private equity funds early. Typically, buyout funds lock up investors’ money for more than a decade. By contrast, its flagship buyout fund had raised $15.5bn by the end of March.

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Lazard taps Guggenheim MD for PE dealmaking

Private Equity Wire

The move is part of a broader recruitment strategy by Lazard aimed at increasing its business with buyout firms. At Guggenheim, Haydon was a senior managing director specialising in financial sponsor investment banking. At Guggenheim, Haydon was a senior managing director specialising in financial sponsor investment banking.

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Ares Faces Its Biggest Decision Yet: Stick With Private Credit or Become an Alts Supermarket

Private Equity Insights

Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? The amount of business that banks do with us now is more than it has ever been.”

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Transcript: Michael Fisch

The Big Picture

And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investment banks. There was no m and a departments in any investment bank really until the very late seventies. And I was fortunate to be accepted to both.

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Apollo Is Among Private Equity Firms Considering a Redstone Buyout

Private Equity Insights

Apollo is one of a number investors, both wealthy individuals and professional money managers, that have reached out in recent weeks to BDT & MSD Partners, the investment bank advising the Redstones, according to people familiar with the discussions. Trillion in Assets Six of Canada's biggest pension funds managing C$1.3