DOCSLIB.ORG

1100+ 225+ 300+ 45 60+

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
1100+ 225+ 300+ 45 60+ DirectConnect FEATURING: DCDC IMN’s online networking FEATURING THE MULTIFAMILY SUMMIT AT THE OPPORTUNITY FUND FORUM – SEE PAGE 11 FOR DETAILS Lead Sponsor A SNAPSHOT OF OUR 2012 NY EVENT 1100+ 45 Registrants Once Again Expected Panel Sessions 225+ 60+ Speakers Sponsors/Exhibitors Delicious Flickr Twitter Retweet 300+ One Unique Funds Once Real Estate Networking Again Expected Event to Attend Facebook MySpace StumbleUpon Digg Slash Dot Mixx Skype Technorati twitter.com/imn_realestate linkd.in/imn_realestate hashtag:#imn Delicious FlickRedditr TwitteFrriendFeed RetwYoeetuTube LinkedIn For more information, please visit: http://www.imn.org/oppfundsny Facebook MySpaceNewsvine StumbleUponSlideShare DiggGoogle Google Talk Slash Dot MixxYahoo SkypeYahoo Buzz TechnoratNetvibesi AOL Reddit FriendFMicrosoeed ft YouTMSNube LinkedInApple MobileMe Newsvine SlideShareApp Store GoogleAmazon GoogleLast.fm Talk Mister Wong Yahoo YahooQik Buzz NetvibesVimeo AOLViddler Virb Microsoft MSNTumblr AppleWordPerss MobileMeBlogger Posterous App Store AmazonBehance Last.fmDesign Float MisterDeviant Wong Art Design Bump Qik VimeFroiendster ViddlerBebo VirbSquidoo Share This Tumblr WordPRSSerss BloggerEmail Posterous Update #1 Behance Design Float Deviant Art Design Bump Google Buzz Picasa Bing Meetup Friendster Bebo Squidoo Share This Ebay Feedburner WordPress (blue) Drupal RSS Email Update #1 Gowalla ICQ Metacafe Yelp Google Buzz PicasaXing BingPaypal MeetupHeart Star Ebay FeedburnerPodcast WordPressButton (blue)Blue DrupalButton Orange Green Gowalla ICQ Button Red MetacaButtonfe White YelpButton Light Blue Button Yellow Update #2 Xing Paypal Heart Star IconDock Foursquare Ember App Podcast Button Blue Button Orange Green Hyves Identi.ca Button Red Button White Button Light Blue Button Yellow Update #2 IconDock Foursquare Ember App Hyves Identi.ca CONFIRMED FUNDS, PENSIONS, ENDOWMENTS, FOUNDATIONS & CONSULTANTS SCHEDULED TO SPEAK AS OF APRIL 13th INCLUDE: Troy Harris, Managing Director A&M Capital Real Estate Brent Elkins, Senior Vice President Colony Capital, LLC Richard Brace, Director AEW Capital Management Todd Sammann, Principal Colony Capital, LLC Adam Brooks, Managing Director Alliance Bernstein Jeffry R. Haber, Controller The Commonwealth Fund Jay Nydick, Co-Head of Real Estate Investment Group Richard Strasser, Director Contrarian Capital Alliance Bernstein Jason Scharfman, Managing Partner Adam Fruitbine, Managing Director Corgentum Consulting, LLC Alliance Residential Company Dean A. Dulchinos, Vice President Ruprecht Hellauer, Managing Director Cornerstone Real Estate Advisers Albulus Advisors Germany GmbH Raphael Sidelsky, Managing Director C-III Capital Partners Jason Liu, Managing Director AmCap Inc. Seth Schumer, Director Cube Capital LLP Reid Liffmann, Managing Director Angelo Gordon Amaury de Parcevaux, Senior Vice President Falcon Real Estate Investment Management, Ltd. Joel Fogel, Principal Archer Capital Management Jeff Toporek, Principal FD Stonewater Dale Strickland, Senior Vice President Argent Management Jim Glasgow, Managing Director-Portfolio Manager Amachie K. Ackah, Managing Partner Five Mile Capital Argosy Real Estate Partners Caroline McBride, Managing Director Forum Partners David J. Butler, Principal Argosy Real Estate Marc Weidner, Managing Director Franklin Templeton Nevin Sanli, Managing Director & Founder Astrum Investment Management Kenneth A. Munkacy, Senior Managing Director GID International Group Peter Morin, Trustee Austin Police Retirement System Sonny Kalsi, Founder and Managing Partner Dennis Lopez, Global Chief Investment Officer AXA GreenOak Real Estate Advisors LP Mark B. Fogle, Managing Director & Head of Real Estate Mark Van Zandt, Vice President GreenOak Baring Private Equity Asia Joseph A. Wilhelm III, Trustee Jon Bell, President Bell Partners Inc. Hampshire County (MA) Retirement System Eli Braha, Managing Member Berkley Acqusitions LLC Jon-Paul Momsen, Senior Managing Director Harbert Joseph G. Nahas, Jr., Vice President – Institutional Marketing and Clark W. Hanrattie, Chief Investment Officer Investor Relations BPG Properties, Ltd. HEI Hotels and Resorts Peter J. Sotoloff, Managing Director Blackstone Spencer Garfield, Managing Director Hudson Realty Capital Michael Nash, Managing Director Blackstone George Pandaleon, President Inland Institutional Capital Partners Corporation Franz Colloredo-Mansfeld, CEO Cabot Properties, Inc. Mukang Cho, CEO In-Rel Properties Quincy Allen, Managing Director Canyon Capital Realty Advisors, LLP Jay Rollins, Principle JCR Capital Howard Fields, Managing Director Capital Dynamics Bill Powers, Partner JRK Multifamily Encore Housing Chip Lippman, Managing Director The Carlyle Group Ralph F. Rosenberg, Managing Director & Head of Real Estate Kohlberg Kravis Roberts & Co. Quinn Barton, Managing Partner Carmel Partners, Inc Jonathan Litt, Founder & CEO Land & Buildings Alisa Mall, Director of Investments Bob Dombi, Partner Landmark Partners Carnegie Corporation of New York Andrew L. Benioff, Managing Partner Llenrock Group Kean Hird, Partner Catalyst Capital LLP Robert T. Lapidus, President & Chief Investment Officer Hugh S. O’Beirne, Senior Counsel CBRE Global Investors L&L Holding Company, LLC Richie L. Butler, Senior Vice President Cityview Perry Gershon, Chief Investment Officer LoanCore Capital, LLC David Lynn, Managing Director Clarion Partners Leonard Klehr, Vice Chair Lubert-Adler Partners, LP Tim Wang, Senior Vice President Clarion Partners Ron Dickerman President Madison International Realty Josh Cleveland, Partner Clairvue Capital Partners Allison Yager, Principal - Global Business & Investment Leader , Steven Coyle, Managing Director Cohen & Steers Real Estate Boutique Mercer 2 l For more information, please visit: http://www.imn.org/oppfundsny CONFIRMED FUNDS, PENSIONS & CONSULTANTS SCHEDULED TO SPEAK AS OF APRIL 13th INCLUDE: Martin Caverly, CEO Meruelo Maddux Properties, Inc. Jeffrey Dauray, Vice President-Acquisitions RLJ Lodging Trust, LLC Gary E. Block, Managing Director The Meridian Group James H. Ross, Principal Rossrock LLC Jeffrey L. Goldberg, Managing Partner The Milestone Group Ed Garcia, Portfolio Manager Russell Real Estate Advisors Peter Fioretti, Managing Director Mountain Real Estate Capital Jason M. Barnett, Vice Chairman & General Counsel RXR Arthur Nevid, Chief Investment Officer Nicholas Bienstock, Managing Director Savanna Mountain Real Estate Capital Christopher Schlank, Managing Director Savanna Norman Sturner President and CEO Murray Hill Properties LLC Jonathan J. Daniel, CEO Silo Financial Adi Bhoopathy, Principal & Executive Vice President Marty Burger, Co-Chief Executive Officer Noble Investment Group Silverstein Properties, Inc. David Weymer, Principal Noble Hospitality Seth Singerman, President Singerman Real Estate Joe Connolly, Treasurer Norfolk County Retirement System Douglas J. Hannah, Managing Director Silverleaf Advisors LLC Frank Small, Principal 12 North Capital LLC Irv Lowenberg, Treasurer City of Southfield, MI Ben Gerig, Chief Investment Officer Peter Locke, Managing Director The Spectrum Group Northlight Real Estate Group, LLC Gregory Nero, General Counsel Sterling American Property, Inc. Charles P. Toppino, President Oak Pass Capital Management Michael Katz, Co-Chief Executive Officer Aref Lahham, Managing Director Orion Capital Managers Sterling American Property, Inc. Yon Cho, Partner Pacific Coast Capital Partners Eddie Lorin, Managing Director Strategic Realty Capital LLC Frederick Gortner, Managing Director Mark Drumm, Chief Risk Officer Stratford Land Paladin Realty Partners, LLC John Gochberg, Partner & Chief Operating Officer Marc Weiss, Partner Partners Group Real Estate, LLC TGM Associates John Randall, Senior Vice President PCCP, LLC Bruce Batkin, President & CEO Terra Capital Partners, LLC John Garth, Managing Director George Dabney, Managing Director Thayer Lodging Group Pembrook Capital Management, LLC Chris McGibbon, Managing Director – Portfolio Management, Stuart Boesky, Chief Executive Officer Global Real Estate TIAA-CREF Financial Services Pembrook Capital Management, LLC Joseph J. Sitt, Principal Thor Equities Eric Haskel, Managing Director Perella Weinberg Partners Michael Butz, Senior Vice President, Loan Origination & Acquisition Torchlight Investors Leslie E. Greis, Founder Perennial Capital Advisors LP Peter A. Lewis, Senior Consultant Towers Watson David Birdsall, Senior Vice President - Strategic Investment Fund Phillips Edison and Company Gary Berman, President and Chief Operating Officer Tricon Capital Group Edward J. Ratinoff, Managing Director & Head of Acquisitions Phoenix Realty Group Matt Goode, Principal Venture One Real Estate LLC Keith B. Rosenthal, President Phoenix Realty Group Frank Small, Principal 12 North Capital LLC Cecil Phillips, CEO/Chairman Place Properties Mark Quam, CEO Versus Capital Charlie Harrison III, Chairman City of Pontiac General Bob Cavanaugh, Chief Investment Officer Employees Retirement System Vestar Property Company Russell L. Appel, President Praedium Group, LLC Jeff Quicksilver, Principal Walton Street Capital William Procida, President Procida Funding & Advisors David Schwartz, Managing Member Waterton Associates LLC Joan N. Hayden, Vice President & Corporate Counsel-Law Department Prudential Financial Steve Jasa, Vice President of Investment Management Western National Bryan P. Donohoe, Managing Director Ranieri Real Estate Partners LLC Howard Fife, Principal Westport Capital Partners, LLC Danny Lovell, Senior Vice President-Partner Alex
Load more

Recommended publications
  • The GP-Led Secondaries Market: Growth and Opportunity
    The GP-Led Secondaries Market: Growth and Opportunity July 29, 2020 Featured speakers Introduction: Mary Brown Sandys, Chief Marketing & Communications Officer, SBIA Adam M. Brown Kyle McManus Partner Vice President Hogan Lovells Eaton Partners Northern Virginia San Diego Ed Harris David A. Winter Partner Partner Hogan Lovells Hogan Lovells London Washington, D.C. Hogan Lovells | 2 Agenda • Eaton Partners and market overview • Drivers of the GP-Led market • Preferred equity and continuation vehicles • Key considerations • Q&A Hogan Lovells | 3 INTRODUCTION TO EATON PARTNERS INDUSTRY LEADING ADVISORY AND FUND PLACEMENT FIRM FOR ALTERNATIVE INVESTMENTS WITH UNPARALLELED EXPERIENCE RAISING CAPITAL ACROSS VARIOUS STRATEGIES AND MULTIPLE GEOGRAPHIES . Primary Fundraising & Advisory: full process . Over $100 billion raised for 140+ highly management and global LP targeting, new differentiated funds product development, positioning and market . $27+ billion placed in the last three years advice . Secondary: liquidity solutions spanning diverse . 37 first-time funds raised (more than any of our transaction structures to meet GP & LP goals peers) . Co-invest & directs: assist GPs in raising . 32 oversubscribed funds in the last capital from attractive investor base for new three years investments and/or minority sales . 25-person Distribution Team with 14 Marketing Associates for support . Industry leading middle market focused investment bank . 26-person Execution Team . HNW/Private banking relationships commit . Nine offices across three continents
    [Show full text]
  • Richard West
    Richard H. West Counsel, Wilmington Mergers and Acquisitions Richard H. West advises public companies, private companies, private equity funds and their affiliated portfolio companies, and other clients on a broad range of corporate trans- actions, including acquisitions and dispositions, complex internal corporate restructuring transactions, distressed transactions, and the structuring and governance of limited liability companies and other alternative entities. Mr. West also advises clients on issues of Delaware law and general corporate and commercial matters. Representative transactions include: - Joyson Safety Systems (f.k.a, Key Safety Systems) in its acquisition of the global assets of Takata Corporation; - Armstrong World Industries in the spin-off of its flooring business segment, T: 302.651.3178 Armstrong Flooring; F: 302.574.3178 [email protected] - Highland Industries in connection with the sale of its defense and coating business to Tex-Tech Industries, an affiliate of Arlington Capital Partners; - Hanley Wood in connection with its acquisition by an affiliate of MidOcean Partners; Education - Amulet Capital Partners in the acquisition of SynteractHCR, a general contract research J.D., William and Mary School of Law, 2000 (William and Mary Law Review) organization serving the pharmaceutical industry, and Cu-Tech, LLC, a specialty contract research organization focused on dermatological indications; B.A., Yale University, 1997 - Peter Kiewit Sons’ Inc. and its affiliate, Walnut Creek Mining Company, in connection with the sale of Kiewit’s Calvert lignite mine to affiliates of The Blackstone Group and matters Bar Admissions relating to its associated fuel supply arrangements with Optim Energy; Delaware - Select Personnel in the recapitalization and sale of Select; - Corporation Service Company in its cross-border acquisition of the digital brand services division of Melbourne IT Limited; - Validus Holdings, Ltd.
    [Show full text]
  • Challenged Funds – Case Study #1
    Challenged Funds – Case Study #1 Situation 1.1 A large, institutional real assets manager (“the GP”) has over $15 B in AUM, with a broadly diverse strategy/product set (approximately 7 different categories of investments, including North American opportunistic multifamily, gateway market core commercial, opportunistic commercial, value-add hospitality/leisure, value-add industrial, etc.). The firm is public, with most strategies operated as REITs and other publicly accessible vehicles, with a few private, commingled funds with institutional LPs The GP calls capital over a 3 year period as expected, yet seems to call more than a certain large LP’s total commitment amount. The LP detects this situation after a small overage, and stops funding future capital calls for a period of 6 months, and reaches out to the GP for clarification. The GP’s fund manager and CFO assure the LP that everything is correct and the capital calls should be funded Options: Should the LP…? A. Fund the capital calls – This is a large institutional GP with decades in the industry, many personnel, a great track record, and likely the LP’s fund accountants are in error, not the GP. Besides, the next fund is going to be raised soon, will likely be over-subscribed, and the LP wants full allocation B. Refuse to fund the capital calls, ask GP for full accounting – Can buy some time, give the GP the benefit of the doubt and allow them some time to come back with a full accounting/explanation of the situation C. Refuse to fund the capital calls, hire an outside advisor for a full accounting – Will take even more time, will cost additional expenses, but may get an independent view Contact – Tom Bratkovich [email protected] 916-747-1746 1 Situation 1.2 The LP decides to hire an outside advisor to assess the situation.
    [Show full text]
  • FT PARTNERS RESEARCH 2 Fintech Meets Alternative Investments
    FT PARTNERS FINTECH INDUSTRY RESEARCH Alternative Investments FinTech Meets Alternative Investments Innovation in a Burgeoning Asset Class March 2020 DRAFT ©2020 FinTech Meets Alternative Investments Alternative Investments FT Partners | Focused Exclusively on FinTech FT Partners’ Advisory Capabilities FT Partners’ FinTech Industry Research Private Capital Debt & Raising Equity Sell-Side / In-Depth Industry Capital Buy-Side Markets M&A Research Reports Advisory Capital Strategic Structuring / Consortium Efficiency Proprietary FinTech Building Advisory FT Services FINTECH Infographics Partners RESEARCH & Board of INSIGHTS Anti-Raid Advisory Directors / Advisory / Monthly FinTech Special Shareholder Committee Rights Plans Market Analysis Advisory Sell-Side Valuations / LBO Fairness FinTech M&A / Financing Advisory Opinion for M&A Restructuring Transaction Profiles and Divestitures Named Silicon Valley’s #1 FinTech Banker Ranked #1 Most Influential Person in all of Numerous Awards for Transaction (2016) and ranked #2 Overall by The FinTech in Institutional Investors “FinTech Excellence including Information Finance 40” “Deal of the Decade” • Financial Technology Partners ("FT Partners") was founded in 2001 and is the only investment banking firm focused exclusively on FinTech • FT Partners regularly publishes research highlighting the most important transactions, trends and insights impacting the global Financial Technology landscape. Our unique insight into FinTech is a direct result of executing hundreds of transactions in the sector combined with over 18 years of exclusive focus on Financial Technology FT PARTNERS RESEARCH 2 FinTech Meets Alternative Investments I. Executive Summary 5 II. Industry Overview and The Rise of Alternative Investments 8 i. An Introduction to Alternative Investments 9 ii. Trends Within the Alternative Investment Industry 23 III. Executive Interviews 53 IV.
    [Show full text]
  • CORPORATE RESTRUCTURING Fall 2006
    Tuck School of Business Dartmouth College CORPORATE RESTRUCTURING Fall 2006 Professor Karin S. Thorburn Assistant Woodbury 311 Beth Perkins Phone: 646-2061 Woodbury 203 [email protected] 646-3412 Office hours: by appointment [email protected] Course Content and Objectives This course exposes students to a broad range of financial restructuring techniques that can be applied to improve business performance. Case discussion and visitors help illustrate how various corporate restructuring approaches may be used to increase firm value and highlight characteristics of potential candidates for different restructuring techniques. The case analysis provides ample opportunity to practice the application of standard corporate valuation methods. Students will gain a basic understanding of corpo- rate governance, with particular focus on agency problems and executive compensation issues. The first part of the course deals with financial restructuring techniques aimed at strengthening the firm’s competitive situation. Such restructurings can be initiated as a response to poor business performance caused by e.g. changes in technology or customer demand, or to avoid a takeover threat. Topics include divestitures, spinoffs, splitoffs, equity carveouts, tracking stock, leveraged recapitalizations, and leveraged buyouts. The second part focuses on the restructuring of financially distressed firms. Since bank- ruptcy provides a threat point for any distressed restructuring, the legal framework of the U.S. bankruptcy code is examined. The topics of this section are private workouts, pre- packaged bankruptcy filings and restructuring in bankruptcy. We will discuss the impor- tance of market mechanisms in resolving bankruptcy, including the role of distressed investors and difficulties in valuing bankrupt firms.
    [Show full text]
  • Regular Meeting: January 30, 2020
    Oregon Investment Council January 30 2020 Rukaiyah Adams Chair John Skjervem Chief Investment Officer Tobias Read State Treasurer OREGON INVESTMENT COUNCIL Agenda January 30, 2020 9:00 AM Oregon State Treasury Investment Division 16290 SW Upper Boones Ferry Road Tigard, OR 97224 Time A. Action Items Presenter Tab 9:00-9:05 1. Review & Approval of Minutes Rukaiyah Adams 1 December 11, 2019 OIC Chair 9:05-9:10 2. Proposed 2021 OIC Meeting Dates John Skjervem 2 Chief Investment Officer 9:10-9:15 3. Committee Reports and CIO Remarks John Skjervem 3 9:15-10:00 4. Risk Parity Manager Recommendation Karl Cheng 4 OPERF Risk Parity Portfolio Senior Investment Officer, Portfolio Risk & Research Janet Becker-Wold Senior Vice President, Callan LLC Kevin Machiz Vice President, Capital Markets Research Group, Callan LLC James L. Haskel Senior Portfolio Strategist, Bridgewater Associates, LP Joel Whidden Global Head of Sales, Bridgewater Associates, LP 10:00-10:10 5. Opportunity Portfolio Policy Update Michael Mueller 5 OPERF Investment Officer, Alternatives 10:10-10:25 6. Policy Updates Jennifer J. Peet 6 OIC and OPERF Corporate Governance Director 10:25-10:30 7. Special Officer Election Council Members 7 Rukaiyah Adams John Russell Rex Kim Patricia Moss Tobias Read Kevin Olineck Chair Vice Chair Member Member State Treasurer PERS Director OIC Meeting Agenda January 30, 2020 Page 2 10:30-10:45 -------------------- BREAK -------------------- B. Information Items 10:45-10:50 8. Annual Placement Agent Report John Hershey 8 Director of Alternative Investments 10:50-11:50 9. Private Equity Annual Review and 2020 Plan Michael Langdon 9 OPERF Private Equity Portfolio Senior Investment Officer, Private Equity Ahman Dirks Investment Officer, Private Equity Tiffany ZhuGe Investment Officer, Private Equity Eric Messer Investment Officer, Private Equity Tom Martin Managing Director, TorreyCove Capital Partners 11:50-12:00 10.
    [Show full text]
  • Musings on a Possible Brickman/Valleycrest Marriage
    Musings on a Possible Brickman/ValleyCrest Marriage Source: www.TurfMagazine.com "Follow the money." How many times have you heard that line in a movie or televised crime drama? The reason that it’s so common is because it’s so true. Money follows the "action" wherever the action is, and especially in putting together business deals, mergers or company buyouts. In terms of money the latest revelation of a possible business deal in the landscape industry could turn out to be a whopper. On April 24 the Financial Times reported that KKR, New York-based Kohlberg Kravis Roberts & Co., the owners of The Brickman Group, is in talks to purchase ValleyCrest from Michael Dell’s MSD Capital, also based in New York. KKR is a global investment firm founded by founded by Jerome Kohlberg, Jr., Henry Kravis and George R. Roberts (Kravis and Roberts are cousins). Since it’s founding in 1976 it has completed more than $400 billion in private equity transactions. In its latest quarterly report on April 24, it reported assets under management of $108 billion. Along with The Brickman Group, other well-known U.S.-based "portfolio partner" companies under KKR’s umbrella include Go Daddy and ToysRUs,Inc. It also has controlling interest in companies in Germany, the United Kingdom, China, The Netherlands, Vietnam, Singapore, Japan, Australia, France, India, Turkey, Malaysia and Taiwan. KKR is truly a global company with 13 offices in the United States, Europe and Asia. The rapidity with which KKR is moving within the industry is one of the most surprising aspects of this potential transaction.
    [Show full text]
  • Download Ashley Tison Deck
    www.ozpros.com Special offer - Go to ozpros.com/save50 1 Copyright OZE, Inc. © 2020 The What – What is a Qualified Opportunity Zone (QOZ) and Where are the QOZs Interactive map available on: opportunitydb.com/map 2 Copyright OZE, Inc. © 2020 Opportunity Zones – Three Ultimate Benefits Temporary Step Up In Basis Any investment in a Deferral QOF held for 5 years Capital Gains from the gets a tax basis increase sale of any asset (if of 10%. This means that reinvested within 180 when the taxes are paid days) are deferred until on the original capital the sale of the new gain in April of 2027, investment or December the amount paid will 31,2026 be 10% less. Permanent Exclusion – Step Up In Basis to Fair Market Value Investments held for 10 years will pay no capital gains tax on the post acquisition gains and will also avoid depreciation recapture. 3 Copyright OZE, Inc. © 2020 OZ v Conventional Investment Capital Gain of $1MM Reinvested in 2020 Period Qualified Opportunity Zone Business Conventional Investment Day 1 $1mm Investment $762,000 Investment (deferred Cap Gains Tax) Year 5 10% reduction in Cap Gains Tax No Tax Benefit (Savings of $23,800) January 1, 2027 Tax due on initial investment of approximately No Tax Benefit $214,200 Year 10 $1,785,800 payout $1,161,288 pay out post tax. IRR: 4.8% ($2mm - $214,200 distribution/loans made in 2027) IRR: 6.8% If held for 10 years, the after-tax return at sale is 53.8% greater. An additional $624,512 for the QOF Investment The following example is intended to show the general benefits of a proper, qualifying investment of a $1.0 million capital gain in a QOF compared to another otherwise identical investment.
    [Show full text]
  • Soaring Private Equity Investment in the Healthcare Sector
    S O A R I N G P R I V A T E E Q U I T Y I N V E S T M E N T I N T H E H E A L T H C A R E S E C T O R : C O N S O L I D A T I O N A C C E L E R A T E D , C O M P E T I T I O N U N D E R M I N E D , A N D P A T I E N T S A T R I S K RICHARD M. SCHEFFLER LAURA M. ALEXANDER JAMES R. GODWIN M A Y 1 8 , 2 0 2 1 AUTHORS Richard M. Scheffler is a Distinguished Professor of Health Economics and Public Policy in the Graduate Schools of Public Health and Goldman School of Public Policy at UC Berkeley and Director of the Nicholas C. Petris Center on Health Care Markets and Consumer Welfare (petris.org) at UC Berkeley. Corresponding author, [email protected]. Laura M. Alexander is Vice President of Policy, American Antitrust Institute (AAI). AAI is an independent non-profit education, research, and advocacy organization. Its mission is to advance the role of competition in the economy, protect consumers, and sustain the vitality of the antitrust laws. For more information, see www.antitrustinstitute.org. James R. Godwin is a researcher at the Nicholas C. Petris Center on Health Care Markets and Consumer Welfare and a PhD Candidate in Health Policy & Management at the UCLA Fielding School of Public Health.
    [Show full text]
  • Dow Jones Private Equity Analyst
    Special Section Dow Jones Private Equity Analyst Sources Of Capital April 2010 Sponsored By Fund Placement Specialists Serving our Clients and Investors Globally $2,506,000,000 $280,000,000 $435,000,000 $225,000,000 Quantum Energy Intervale Capital Special Situation Goode Partners Partners V, LP Fund, L.P. Partners II LP Consumer Fund I, L.P. $175,000,000 $187,000,000 $1,320,000,000 $162,000,000 Altira Technology Summer Street Quantum Energy Bridgescale Fund V L.P. Capital Partners II, L.P. Partners IV, LP Partners, LP $1,200,000,000 $250,000,000 $345,000,000 $156,000,000 Quantum Montagu Newhall Quantum Energy Montagu Newhall Resources, LP Global Partners III, L.P. Partners III, LP Global Partners II, L.P. Sources of Capital 3 Dow Jones Private Equity Analyst A New World Order: GPs Grapple With A Private Equity Industry In Flux By Keenan Skelly General partners found themselves turning Percentage of capital by LP type over every last rock and a few twigs besides 2.0 5.3 Public pension funds looking for capital in 2009, as many of their 3.2 4.1 25.6 Funds of Funds traditional investors parked themselves firmly 4.2 on the sidelines. 5.4 Corporate pension funds 2009 5.9 and corporations directly 11.5 Our latest Private Equity Analyst Sources of Capital survey 6.6 Endowments/Foundations 7.9 9.9 Family offices shows starkly that even though the overall size of the fund- 8.4 raising pie shrank in 2009, several types of limited partners Insurance companies 0.6 6.6 that previously had been reliable long-time partners to the Wealthy investors/Feeder funds 5.4 industry could no longer pony up their fair share.
    [Show full text]
  • Nber Working Paper Series on the Return to Venture
    NBER WORKING PAPER SERIES ON THE RETURN TO VENTURE CAPITAL Boyan Jovanovic Balàzs Szentes Working Paper 12874 http://www.nber.org/papers/w12874 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2007 We thank A. Dittmar, I. Guler, J. Ritter, S. Woodward and Y. Yafeh for data and comments, M.A. Campo-Rembado, W. Fuchs, R. Hall, N. Kyotaki, A. Ljungqvist, C. Michelacci, J. Stein, M. Ueda, L. White and S. Woodward for comments, the NSF for support and A. Gavazza, V. Tsyrennikov, and M. Kredler for ably estimating the model and providing comments on the entire paper. We also thank the NSF and the Kauffman Foundation for support. Appendix B was written by Matthias Kredler. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. © 2007 by Boyan Jovanovic and Balàzs Szentes. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. On the Return to Venture Capital Boyan Jovanovic and Balàzs Szentes NBER Working Paper No. 12874 January 2007, Revised September 2007 JEL No. G24,L26 ABSTRACT We provide a model that links the high return to venture equity to the impatience of the VCs. VCs are scarce, and hence, they have market power and a high return on their investments. As a result, VCs are eager to terminate non-performing ventures so they can move on to new ones. The scarcity of VCs enables them to internalize their social value, and the competitive equilibrium is socially optimal.
    [Show full text]
  • National Elevator Industry Pension Fund V. Verifone Holdings, Inc., Et Al
    1 COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP 2 ELI R. GREENSTEIN (217945) 100 Pine Street, Suite 2600 3 San Francisco, CA 94111 Telephone: 415/288-4545 4 415/288-4534 (fax) [email protected] 5 – and – PATRICK J. COUGHLIN (111070) 6 655 West Broadway, Suite 1900 San Diego, CA 92101 7 Telephone: 619/231-1058 619/231-7423 (fax) 8 [email protected] 9 Lead Counsel for Plaintiffs 10 UNITED STATES DISTRICT COURT 11 NORTHERN DISTRICT OF CALIFORNIA 12 NATIONAL ELEVATOR INDUSTRY ) Master File No. 3:07-cv-06140-MHP PENSION FUND, ) 13 ) CLASS ACTION Plaintiff, ) 14 ) SECOND AMENDED CONSOLIDATED vs. ) COMPLAINT FOR VIOLATIONS OF THE 15 ) FEDERAL SECURITIES LAWS VERIFONE HOLDINGS, INC., DOUGLAS ) 16 G. BERGERON, BARRY ZWARENSTEIN, ) PAUL PERIOLAT, WILLIAM G. ) 17 ATKINSON and CRAIG A. BONDY, and All ) Others Similarly Situated, ) 18 ) Defendants. ) 19 ) ) 20 In re VERIFONE HOLDINGS, INC. ) SECURITIES LITIGATION ) 21 ) ) 22 This Document Relates To: ) ) 23 ALL ACTIONS. ) ) 24 25 26 27 28 1 TABLE OF CONTENTS 2 Page 3 I. INTRODUCTION .......................................................................................................... 1 4 II. JURISDICTION AND VENUE .................................................................................... 13 5 III. THE PARTIES ............................................................................................................. 13 6 IV. CONFIDENTIAL WITNESSES................................................................................... 17 7 V. BACKGROUND LEADING UP TO THE CLASS PERIOD.......................................
    [Show full text]