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Acquisitive Precinmac Purchased by Centerbridge

Private Equity Professional

Centerbridge is acquiring Precinmac from Pine Island Capital Partners , Bain Capital’s Private Credit Group , and Compass Partners Capital , who purchased the company from GenNx360 Capital Partners in April 2020. We are excited to begin our next chapter of growth with Centerbridge.

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Lincoln Private Market Index Rises in Second Quarter

Private Equity Professional

The Lincoln Private Market Index (LPMI), which tracks changes in the enterprise value of privately held companies in the United States, increased by 1.9% Compared to the public markets, the S&P 500’s quarter-over-quarter enterprise value increase of 4.5% outpaced the LPMI. in the second half of 2023 to 11.1x

Buyout 100
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Lit Communities Announces Majority Investment from Oak Hill Capital to Accelerate Broadband Deployment

Oakhill

Menlo Park, CA and Birmingham, AL – May 4, 2023 – Oak Hill Capital (“Oak Hill”) has committed $150 million in primary capital to Lit Communities (“Lit”) to further fund and accelerate the construction of Lit’s fiber-based network in unserved and underserved communities across the United States. Stephens Inc.

Capital 40
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Private Equity's Creative Wizardry Posing Systemic Risk?

Pension Pulse

For decades the private equity model seemed unassailable, transforming the industry’s image from Barbarians at the Gate to crucial pillar of capitalism. says Zia Uddin of US private credit firm Monroe Capital. “So CVC Capital Partners came up with a novel use of extra leverage during its March IPO of Douglas AG.

Buyout 59
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The Art of Deal Sourcing in Middle Market Private Equity

The Private Equiteer

Theres no universally agreed-upon definition of the middle market, but typically it includes companies with annual revenues in the low hundreds of millions and enterprise values that dont quite reach the stratosphere. What Exactly Is the Middle Market?

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Transcript: Steven Klinsky

The Big Picture

 The transcript from this week’s, MiB: Steven Klinsky, New Mountain Capital , is below. Eventually, Steve takes his experience and knowledge and stands up his own firm, New Mountain Capital, which is one of the largest private equity shops in the world. KLINSKY: In 1979, it was the first leveraged buyout of a public company.

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Transcript: Armen Panossian

The Big Picture

 The transcript from this week’s, MiB: Armen Panossian, Oaktree Capital Management , is below. Armand Posiion is head of performing credit at Oaktree Capital Management, where he works with the likes of, of Bruce Kosh and Howard Marks. We returned a lot of capital. Another extra, extra special guest. The sector was perfect.