TPG Gains on Stepped Up Deal Activity

Nov. 7, 2023 6:25 pm ET|WSJ Pro Buyout firm TPG boosted its deal activity in the September quarter, defying a broader slowdown and notched two significant sales, including an exit from its 13-year investment in Hollywood talent company Creative Artists Agency. That transaction helped bolster the firm’s distributable earnings, a closely watched performance metric that … Read more

Carlyle Group Posts Lower 3Q Revenue

Carlyle Group reported a sharp drop in third-quarter revenue, reflecting the sluggish pace of dealmaking. The investment firm posted a profit of $81.3 million, or 22 cents a share, down from $280.8 million, or 77 cents a share, in the same period last year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Granite Creek Capital Raises $300 Million for Growth Investments

Nov. 7, 2023 6:30 am ET|WSJ Pro Granite Creek Capital Partners has raised $300 million to back midsize companies with minority growth investments as the private-equity firm looks to prosper from a time when many business owners are reluctant to sell outright. Chicago-based Granite Creek said it wrapped up its third fund above the $250 million … Read more

Detroit Revs Up Venture-Capital Deal Making

Oct. 25, 2023 6:00 am ET|WSJ Pro An unlikely city sits near the top of a venture-capital list: Detroit. Long a symbol of industrial decline, the Motor City ranked second, ahead of destinations such as Berlin and Miami, in a PitchBook Data report on venture-capital ecosystems worldwide that have shown the most growth, scoring high … Read more

Accolade Partners Raises $325 Million to Back Venture Funds Led by Women, Minorities

The investment firm led by Joelle Kayden has collected $325 million to invest in venture and growth-equity funds run by minority and female managers.  Source link

Private Equity's Bet on Fertility Focuses on Sector's Staffing Shortages

Private-equity-backed fertility clinics are looking to fund more specialized training to bolster their ranks. Source link

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more

Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color

CNN  —  When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those … Read more

The Birkenstock IPO Is Coming. Nobody Mention Crocs.

The private-equity owner of the orthopedic-sandal brand hopes to double its money in less than three years with a blistering $11 billion valuation. Source link