Highlights: – The Silver Lining in Norway’s Rejection of PE – Yale’s Pointed Rebuttal of Buffet on PE – Buy and Build Becomes the Norm in LBOs – A Record 80 Percent of Leveraged Loans are Cov-Lite – LBO Funds are Registering Record Returns – PE KeyTrends Quick Question Results THERE’S A SILVER LINING BURIED… Read more

With private equity fund sizes steadily increasing, anecdotal evidence from both investors and fund managers suggests that the lower mid-market and small cap sectors are less crowded than they once were – ironic at a time of record fundraising. Meanwhile, the marketplace for companies with annual revenues in excess of $50 million is more competitive… Read more

Palico’s digital marketplace is the first venue that makes it easy to buy and sell small secondaries, these are stakes of $10 million or less, sold by limited partners after fundraising has closed (typically once the fund is largely invested, making it possible to evaluate return prospects with greater certainty). Small secondaries tend to get… Read more

Out of nearly 300 opportunities currently listed in Palico’s marketplace, more than 40 percent are first-time fundraisings. The vast majority of those funds are run by private equity veterans creating their own firms from scratch. Among these, many were founded by teams of highly experienced managers coming together for the first time from disparate fund… Read more

Highlights: – PE Funds are Getting Ready for Economic Downturn – As Market Fears Grow, Offbeat Fund Strategies Bloom – Long-Hold PE Funds Can Double Returns – Private Equity’s Path to Control is Getting Easier in Asia – Jillian Manus Discusses Sexual Harassment in VC – PE KeyTrends Quick Question Results PE FUNDS ARE GETTING… Read more

It’s difficult to tell how serious the threat of multiplying trade barriers will become for world commerce after an executive order mandating punitive U.S. tariffs on steel and aluminum imports was signed by President Trump a week ago. The Trump administration is holding out the possibility of selective exemption, dependent, it would seem, on negotiations… Read more

With fund-size records quickly achieved, only to be quickly broken in recent months, and as the average fund becomes ever-bigger (the typical PE vehicle has nearly doubled in size in the last six years to $1.3 billion), many private equity professionals expect their returns to shrink somewhat, increasing the appeal of the proverbial ‘road less… Read more

Highlights: – Private Credit Assets Will Surpass Those of Buyouts – “Capital is Abundant, But Time is Scarce” – Quantifying How Good U.S. Tax Reform is for PE – Technology is Set to Play an Ever-Greater Role in PE – Bain’s Much Anticipated Global PE Report is Out – PE KeyTrends Quick Question Results PRIVATE… Read more

Luca Mannucci is the Milan-based investment advisor for Italy’s Banca Sella Holding. He explains why the banking group invests in funds via Palico’s digital marketplace Read more

Angel Garcia Diez is head of investments at Spanish insurance group HNA. He explains here why HNA invests through Palico’s digital marketplace.