Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
June 2019: Private Equity Digest
June 20, 2019 Download PDF
In this issue of the Private Equity Digest, we continue our look at current trends in GP stakes investing in an interview with Paul, Weiss M&A partner Ellen Ching.
In market news, U.S. private equity fundraising was up in May compared to April based on capital raised, but down by number of funds closed. The number of U.S. sponsor-backed exits was lower overall compared with April, although sales, as a sector, was up slightly. The low numbers of IPOs in the last six months compared to historical norms is noteworthy. U.S. sponsor-backed exits as measured by dollar volume was, however, up in May compared to April, again, led by sales as a sector, but decreasing in secondary deals and IPOs.
Global sponsor-related M&A activity was up in May compared to April, with an increase in both deal numbers and disclosed dollar volume in May compared to April. U.S. sponsor-related M&A activity was also up, with an increase in both deal numbers and disclosed dollar volume in May compared to April. Global sponsor-related M&A activity as measured by number of deals and U.S. sponsor-related M&A activity as measured by both dollar value and number of deals all hit 12-month highs.