Yahoo Musical Chairs Still Anyone’s Game

December 4, 2011

It’s been a relatively slow month in the private equity arena, so we’ll stay with the Yahoo saga for at least one more week. In what is turning out to be a global game of musical chairs with an ever expanding list of suitors and an unending number of scenarios, a final Yahoo deal remains elusive. […]

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Yearend Deals to Lift Private Equity Spirits

November 23, 2011

In what otherwise has been a somewhat tepid year for private equity deals, we could see the year close out with a bang on just two high profile deals. Microsoft has officially thrown itself into the Yahoo fray, and KKR has managed to score one of the biggest leveraged buyout deals in a number of […]

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Investors Walking Away from Private Equity Fund of Funds

November 19, 2011

With private equity fund raising at a critical crossroads in a difficult year,  a significant source of funding is beginning to lose its luster as investors steer away from private equity fund of funds due to their high fees. Long an integral source of capital in the alternative assets universe private equity fund of funds […]

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Are Wall Street Bonuses Coming Down to Earth?

November 11, 2011

Slightly up, flat, flatter, flattest, down, splash! Such have been the ever evolving forecasts for what has become an annual spectacle not unlike a crowning sporting event – the year-end allotment of Wall Street bonuses. Having come off a “flat” year for compensation in 2010, bankers, traders, asset managers and analysts were confident that 2011 […]

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Private Equity Firms are now in Yahoo’s Sights

November 3, 2011

To update our previous post that had tech behemoths, Google and Microsoft, and a pack of private equity firms circling Yahoo, we now find the troubled Internet giant taking matters into its own hands. Not content to settle for what Google or Microsoft might have in store for its future, Yahoo is striking out to […]

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Can Yahoo Deal Revive Private Equity This Year

October 28, 2011

In an otherwise mixed year for private equity, the likely, or more accurately, the inevitable sale of the ailing Yahoo enterprise has industry leaders in a buzz in what would obviously be the highest profile deal in a while.  Google is leading the charge and is currently in discussions with at least a couple of […]

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Private Equity Firms Seek to Compete with Wirehouses?

October 22, 2011

In a recent report, it was revealed that private equity funds are under pressure to invest more than $200 billion of “dry powder”, that is, funds raised in prior investment periods that have yet to be invested. Maybe that can explain why they are suddenly finding the independent broker-dealer (IBD) industry, which has been struggling […]

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Will Romney be the Scourge of Private Equity Industry?

October 12, 2011

Just when the private equity industry was in the process of polishing up its reputation and reinventing itself as a commendable and vital contributor to economic growth, it finds itself being dragged through the mud again as the target of political candidates who seek to demonize it in the hopes of bringing presidential hopeful, Mitt […]

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Three Strikes for Carried Interest Tax Hike – But Tax Hikes Still Loom

October 6, 2011

The good news for private equity managers is that the assault on carried interest by President Obama and the Democrats may be out on strikes. After three attempts this year by Congress and the administration to close what they characterize as a carried interest tax loophole that enables private equity firms to avoid paying ordinary […]

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Private Equity Execs not Fooled By Obama’s Sleight of Hand

September 27, 2011

For months the Obama administration has been targeting the incomes of private equity and hedge fund managers with a front door assault on carried interest as a means of raising tax revenue to fund his programs.  In nearly every budget proposal, deficit reduction plan and tax “reform” measure the administration has put forth in the […]

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