Tito's Blog

Random thoughts on entrepreneurship,
venture capital, private equity,
world finance and global economy

Archive

About
Tito+

Get Updates

Subscribe to RSS feed

Favorites
Slice of MIT, ZeroHedge, Baseline Scenario, Tito's News

Hello! You should follow me on twitter to keep in touch!

Follow @tito

Dec
3rd

Sat

Italy’s austerity measures are starting to open up possibilities for private equity funds to invest in companies looking to boost international growth as the domestic market shrinks—making targets of the country’s family owned businesses that have long resisted outside ownership.

— Good article on private equity in Italy from a glass-half-fuller on Italy Austerity Plans Create Private Equity Opportunity

Tags: private equity italy

4 notes Comments (View)

Jul
23rd

Sat

Very entertaining and insightful presentation by Roger McNamee (technology private equity guru and rock musician, Silver Lake and Elevation Partners founder)

(Source: fora.tv)

Tags: technology private equity venture capital elevation partners apple microsoft html5 facebook google

11 notes Comments (View)

Apr
30th

Sat

Contrary to what I had expected, private equity mega deals are nearly “back to normal”, while small deals have been suffering the most (via Where did all the LBOs go? - The Term Sheet: Fortune’s deals blog)

Tags: private equity

Comments (View)

Apr
6th

Wed

GCP California Fund Made an 8.5x Return

GCP California Fund, raised in 2002-2003 and managed by Leonard Green & Partners, is by far the top-performing fund ever among CALPERS alternative investments, with an 8.5x return.

I think that CALPERS does not invest in Sequoia and KPCB, whose single investment in Google probably delivered approximately a 10x return on their whole funds raised in the late nineties.

Tags: private equity venture capital gcp calpers

1 note Comments (View)

Mar
15th

Tue

Private Equity Fund Sinergia II First Closing

Yesterday we announced a first closing of our second fund Sinergia II.

Tags: private equity

Comments (View)

Feb
1st

Tue

LBO senior debt issuance in Europe was €19B in 2000, went up to €140B in 2007, was €18B in 2010.

Tags: private equity europe LBO

3 notes Comments (View)

Nov
5th

Fri

Caveat Emptor

The “buyer beware” principle wins again, investment bank wins again: Jury Finds Citigroup Not Liable in Terra Firma Suit Over EMI - WSJ.com.

Tags: private equity emi terra firma citigroup guy hands

1 note Comments (View)

Oct
6th

Wed

Private Equity `Pass-the-Parcel' Deals Leave Investors in Lurch - Bloomberg

Secondary buy-outs are no good

Tags: private equity secondary buy-outs

Comments (View)

Jul
17th

Sat

Confessions Of A VC Who Raised Money During Financial Armageddon

If Alan Patricof (the “A” and “P” in APAX) has a hard time fund-raising, then good luck.

Tags: venture capital private equity

Comments (View)

Jun
27th

Sun

One of the main drivers of private equity deal making of large buy-out funds is the “expiration date” on massive amounts of committed but uninvested capital. There won’t be such an over-supply of money when the time for divestment will come in 4-5 years. It is a losing proposition for limited partners who are stuck with their commitments to invest and with misalignment of incentives with general partners.

Tags: private equity dry powder

1 note Comments (View)