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Private equity (PE) typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies that are not publicly traded.
Providence Equity Partners LLC is an American global private equity investment firm focused on media, communications, education and information investments. The firm specializes in leveraged buyout transactions as well as growth capital investments and has invested in more than 140 companies globally since its inception in 1989.
New York Life Insurance Company (NYLIC) is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #71 on the 2019 Fortune 500 list of the largest United States corporations by total revenue. NYLIC has about $593 billion in total assets under management, and more than $25 billion in surplus and AVR. In 2007, NYLIC achieved the best possible ratings by the four independent rating companies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years. At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional or asymmetric.
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive.
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies.
Apollo Global Management, Inc., is a global alternative investment manager firm. It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Apollo is headquartered in New York City, with additional offices across North America, Europe and Asia. The company's stock is publicly traded on the NYSE under the symbol 'APO'.
Lexington Partners is the largest independent manager of secondary acquisition and co-Investment funds in the world, founded in 1994. Lexington manages approximately $52 billion of which an unprecedented $14 billion was committed to the firm's ninth fund. This renders it the largest dedicated secondaries pool of capital ever raised at the time.
Stichting Pensioenfonds ABP, frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands. For the quarter ended 31 December 2014, ABP had 2.8 million participants and assets under management of €344 billion, making it the largest pension fund in the Netherlands and among the five largest pension funds in the world as at September 2016.
AlpInvest Partners is a private equity asset manager with over $47 billion of assets under management as of September 30, 2017. The firm invests on behalf of a broad range of institutional investors from North America, Asia, Europe, South America and Africa.
Thoma Bravo, LP, is an American private equity and growth capital firm headquartered in Chicago with an additional office in San Francisco.
MidOcean Partners is an American private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies. The firm has historically focused on investments in middle market companies in four core industries including business services; consumer and leisure companies, media and niche industrial services.
HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies.
Pamlico Capital, formerly Wachovia Capital Partners and previously First Union Capital Partners, is an independent private equity firm focused on growth capital and leveraged buyout investments in middle-market companies in the business services, technology services, telecommunications and healthcare industries.
Probitas Partners is an independent, global advisory firm founded in 2001. The company is focused on raising capital as a placement agent for private equity fund sponsors as well as providing portfolio management and liquidity solutions, through the private equity secondary market, for investors in private equity. The firm operates through three primary businesses: fund placement, portfolio management and secondary advisory. In 2002, the firm established a European placement business.
Duff & Phelps is a multinational financial consultancy firm based in New York City and was founded in 1932 by William Duff and George Phelps.
Hg is a private equity firm targeting technology buyouts primarily in Europe and the US. Hg focuses on investments in technology and services sectors. It invests out of its 8th £2.5 billion core fund and its 2nd £575 million Mercury fund, targeting smaller technology buyouts, both raised in February 2017. Both funds were closed on their hard-caps and were more than 3x oversubscribed versus their targets, receiving strong re-ups from existing investors. The company also raised its 1st time £1.5B Saturn large-cap fund in March 2018.
HGGC is an American middle-market private equity firm based in Palo Alto, California, with over $4.25 billion of cumulative capital commitments. Since inception in 2007, HGGC has completed platform investments, add-on acquisitions, recapitalizations and liquidity events with aggregate transaction value of over $12 billion, representing more than 60 individual investments with more than 46,000 portfolio company employees. The firm was named 2014 M&A Mid-Market Private Equity Firm of the Year by Mergers & Acquisitions magazine.
Ardian is a France-based, independent private equity investment company, founded and managed by Dominique Senequier. It is one of the largest European-headquartered private equity funds. The company was originally set up by Dominique Senequier in 1996 as the AXA Group's private equity division, but later gained independence in 2013, and rebranded itself as Ardian. The name Ardian (ar・di・an) was inspired by an ancient European language in which 'hardjan' mean strength, durability, and boldness. Ardian manages assets worth US$100 billion in Europe, North America and Asia, and has fifteen offices around the world in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Tokyo, Jersey, Luxembourg, Santiago, and Seoul. Ardian offers a range of funds including funds of funds, direct funds, infrastructure, private debt and real estate, and manages a direct portfolio of more than 150 companies, including Vinci Park, Luton Airport and SPIE, and its fund of funds segments owns stakes in over 1500 funds. Ardian's 880 investors include institutional investors, funds of funds, government agencies, sovereign funds, family offices, pension funds and insurance companies). Ardian has been ranked one of the largest companies by amount raised in equity by Private Equity International, and was named "Company of the Year" 2013 by the readers of Private Equity International.
Sentinel Capital Partners, L.L.C. is an American private-equity firm focusing on mid-market companies. The company is headquartered in New York City and was founded in 1994 by David Lobel and John McCormack after working together at Salomon Smith Barney.
References
- ↑ "Lovell Minnick Partners Website". Lovell Minnick Partners. Retrieved 15 February 2018.
- ↑ "Lovell Minnick to seek $1 bln with latest flagship: sources". PE Hub, February 5, 2018. Retrieved 15 February 2018.
- 1 2 "Lovell Minnick Portfolio". (company website). Retrieved 15 February 2018.
- ↑ "BNY Mellon to sell CenterSquare to Lovell Minnick". Pensions & Investments, September 20, 2017.
- ↑ "Investing Firm Tortoise to Be Acquired by Group of Private-Equity Companies". Wall Street Journal, October 18, 2017. Retrieved 15 February 2018.
- ↑ "Lovell Minnick Senior Leadership". (company website). Retrieved 15 February 2018.
- ↑ "Pierson, Belke take helm at Lovell Minnick". PE Hub, January 18, 2018.
- ↑ "LBO Profile: Lovell Minnick Seeks Big Returns From Small Financial-Services Deals". Wall Street Journal Pro, July 5, 2016. Retrieved 15 February 2018.
- ↑ "The Fintech Finance 40: Steven Pierson". Institutional Investor, January 15, 2018. Retrieved 15 January 2018.