DOCSLIB.ORG

The 2010 Preqin Private Equity Fund of Funds Review

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

The 2010 Preqin Private Equity Fund of Funds Review The 2010 Preqin Private Equity Fund of Funds Review www.preqin.com/PEFOF Dear Spotlight Reader, This month’s edition of Spotlight includes extensive analysis on the private equity fund of funds market. We have seen funds of funds accounting for a higher percentage of investors in closed funds in comparison with previous years, and are also seeing an increasing number of investors turning to funds of funds in 2009 compared with 2008. All analysis is taken from our newly released publication, The 2010 Preqin Private Equity Fund of Funds Review. Also in this month’s edition, we examine the use of investment consultants by institutional investors, reveal the latest changes in the returns and NAV of private equity funds, and uncover all the latest investor news. We hope you enjoy this month’s edition, and as ever we welcome any feedback, questions and suggestions for any research that you would like to see in Spotlight in the future. Kindest Regards, Tim Friedman Head of Communications Preqin Private Equity Spotlight www.preqin.com December 2009 / Volume 5 - Issue 12 Welcome to the latest edition of Private Equity Spotlight, the monthly newsletter from Preqin providing insights into private equity performance, investors and fundraising. Private Equity Spotlight combines information from our online products Performance Analyst, Investor Intelligence, Fund Manager Profi les & Funds in Market. PE Fund of Funds Special Feature Article Secondaries Spotlight page 3 page 16 The Growing Importance of Funds of Funds We look at statistics from Preqin’s industry-leading product, Secondaries Market Monitor, and uncover the latest secondaries With other institutional backers of private equity funds having news. less capital to commit than in recent years, funds of funds have become increasingly important - both as sources of capital for Investor Spotlight fund managers, and also as an investment proposition in their page 17 own right. This month’s extended feature article examines the importance of funds of funds in the current fi nancial climate in This month’s Investor Spotlight examines alternatives investment detail. consultants. Performance Spotlight Conferences Spotlight page 7 page 19 Private Equity Performance as of Q2 2009 This month’s Conferences Spotlight includes details of upcoming events in the private equity world. This month’s Performance Spotlight analyses the returns generated by private equity partnerships as at 30th June 2009 in order to provide an independent and unbiased description of the industry performance. Investor News page 21 Fund Manager Spotlight page 10 All the latest news on private equity investors including: California-Based Private Equity Firms • Industriens Pensionsforsikring This month’s Fund Manager Spotlight looks at private equity fi rms based in California. • Arizona State Retirement System Fundraising Spotlight page 12 Be the fi rst to know about all our exclusive research reports This month’s Fundraising Spotlight takes an in-depth look at and projects, follow us on buyout, venture and fund of funds fundraising. www.twitter.com/preqin If you would like to receive Private Equity Spotlight each month please email [email protected]. London: Scotia House, 33 Finsbury Square, London. EC2A 1BB OUT NOW +44 (0)20 7065 5100 The 2010 Preqin Private Equity The 2010 Preqin Private Equity Fund of Funds Review Fund of Funds Review New York: 230 Park Avenue, 10th fl oor, New York, NY 10169 +1 212 808 3008 More information available at: www.preqin.com/PEFOF www.preqin.com PERFORMANCE • INVESTORS • FUNDRAISING • FUND MANAGERS © 2009 Preqin Ltd. / www.preqin.com 3 ◄ Feature Article December 2009 Private Equity: The Growing Importance of Funds of Funds Private equity fund of funds have always Fig. 1: been amongst the most signifi cant and important providers of capital to private equity fund managers. In addition, they have provided a valuable investment Average Capital Contribution to Direct Private Equity Funds: Fund of Funds Managers vs. Other Investors opportunity for investors lacking the 100% funds or expertise to construct their own portfolio of primary funds. Following the 90% onset of the prevailing fi nancial crisis 80% their importance within the industry has grown even further. 70% Other Investors 78% 60% 84% Growing Importance of Funds of 50% Funds as Investors 40% Fund of Funds The importance of fund of funds 30% Managers managers as investors in new funds has grown considerably as other prominent 20% 22% investor types such as pension funds 10% 16% and endowments have cut back on the 0% number of new commitments they are 2008 2009 making, with some institutions ceasing Source: Preqin new investment activity altogether. With all their capital invested in one asset Fig. 2: class, fund of funds managers have not been affected by any denominator effect or lack of funds, and although many of them hold reservations towards certain Motivations for Investors Utilising Funds of Funds areas of the industry, they have retained 60% their ability to invest in new vehicles. 51% 50% Fig. 1 shows the investor make-up of the average fund closed in 2008 and 2009. Fund of funds managers have become 40% 35% increasingly signifi cant, growing from making up 16% of the average fund in 30% 2008 to 22% in 2009. A number of direct 22% fund managers that were previously 20% able to form a fund based on traditional 20% institutional investors such as pension Proportion of Respondents 11% funds have been increasingly turning 10% 8% to multi-managers when raising new 6% vehicles. 0% Diversification Manager Access to Lack of Lack of Size of Other A Compelling Investment Solution Expertise Specific Resources Experience Portfolio Funds/Markets Source: Preqin Funds of funds have also grown in can gain through investing in a fund funds managers in addition, or as an importance as investment propositions of funds, while the uncertainty that is alternative, to constructing a portfolio of for institutional investors over the surrounding the industry at present has direct fund investments themselves. As course of 2009. Investors with less led other investors to seek the expert Fig. 2 shows, the most common reason capital available to invest have been knowledge and experience of fund of for investors to seek a fund of funds is attracted by the diversifi cation that they © 2009 Preqin Ltd. / www.preqin.com 4 ◄ Feature Article December 2009 Fig. 3: Fig. 4: Fund of Funds Fundraising as a Percentage of Direct Fundraising, Proportion of Fund of Funds Managers Investing in Fewer 2009 2005 - 2009 Vintage Funds vs. 2008 Vintage Funds 12% 11% 10% 10% 9% 9% 8% 7% 6% 4% 2% 0% Fund of Funds as % Direct Fundraising 2005 2006 2007 2008 2009 Year Source: Preqin Source: Preqin due to the diversifi cation that vehicles of this percentage is likely to increase was ranked as most important by our this type offer. Manager expertise is also further. respondents, with investor sentiment a key factor, with the access that such and a lack of exit opportunities following vehicles can provide to leading direct How do Fund of Funds Managers closely behind. General economic funds also an important factor, albeit View the Market? uncertainty was also seen as an less important than in previous years important factor, as was the current level when many brand name funds were of new deal opportunities. With fund of funds managers becoming signifi cantly over-subscribed. an increasingly important source of capital, understanding their views and Fund Strategies of Interest for Fund Fundraising for new fund of funds concerns towards the industry is a vital of Funds Managers vehicles has dropped in capital terms consideration for fund managers seeking from previous years. However, their commitments. Our survey of 78 leading Fig. 6 shows some of the fund strategies size relative to the rest of the market fund of funds managers revealed some that fund of funds managers are viewing has increased in 2009. As Fig. 3 shows, important trends in this area. As Fig. 4 as providing compelling investment capital raised for funds of funds relative shows, although fund of funds managers opportunities in the current market. to direct funds has grown signifi cantly are still investing, a signifi cant 60% have Most popular are small to mid-market over the past year, with fund of funds made fewer investments this year than buyout funds, which a signifi cant 81% capital equivalent to 11% of capital raised they did in 2008. Fig. 5 highlights fund of of respondents saw as presenting for direct funds in 2009, up from 7% in funds managers’ most pressing concerns, interesting opportunities. In contrast, 2008 – a 57% increase. The fi gures for and reveals why a signifi cant proportion none of the fund of funds managers 2009 do not include December fi gures, are not investing at the same rate as in we surveyed saw large to mega buyout and with this month traditionally being a previous years. Concerns over fi nancing funds as a good opportunity at present. strong month for fund of funds closes, Fig. 5: Fig. 6: Factors Affecting the Private Equity Industry Ranked by Fund of Fund Types Presenting Interesting Opportunities in the Current Funds Managers Financial Climate Importance Rating Proportion of FoF Managers Factors Affecting the PE Industry Fund Type Source: Preqin Source: Preqin © 2009 Preqin Ltd. / www.preqin.com 5 ◄ Feature Article December 2009 Distressed vehicles were also seen as being of interest in the current market, Fig. 7: as were expansion funds. Venture funds and mezzanine funds were being considered by 25% of respondents, Investors’ Fund of Funds Allocations Intentions: Next Three Years with the small proportion of managers viewing real estate and infrastructure funds as good opportunities refl ecting the overall fundraising market, which has seen support for vehicles of these types decline dramatically over the past year.
Recommended publications
  • Combining Banking with Private Equity Investing*

    Combining Banking with Private Equity Investing*

    Unstable Equity? * Combining Banking with Private Equity Investing First draft: April 14, 2010 This draft: July 30, 2010 Lily Fang INSEAD Victoria Ivashina Harvard University and NBER Josh Lerner Harvard University and NBER Theoretical work suggests that banks can be driven by market mispricing to undertake activity in a highly cyclical manner, accelerating activity during periods when securities can be readily sold to other parties. While financial economists have largely focused on bank lending, banks are active in a variety of arenas, with proprietary trading and investing being particularly controversial. We focus on the role of banks in the private equity market. We show that bank- affiliated private equity groups accounted for a significant share of the private equity activity and the bank’s own capital. We find that banks’ share of activity increases sharply during peaks of the private equity cycles. Deals done by bank-affiliated groups are financed at significantly better terms than other deals when the parent bank is part of the lending syndicate, especially during market peaks. While bank-affiliated investments generally involve targets with better ex-ante characteristics, bank-affiliated investments have slightly worse outcomes than non-affiliated investments. Also consistent with theory, the cyclicality of banks’ engagement in private equity and favorable financing terms are negatively correlated with the amount of capital that banks commit to funding of any particular transaction. * An earlier version of this manuscript was circulated under the title “An Unfair Advantage? Combining Banking with Private Equity Investing.” We thank Anna Kovner, Anthony Saunders, Antoinette Schoar, Morten Sorensen, Per Strömberg, Greg Udell and seminar audiences at Boston University, INSEAD, Maastricht University, Tilburg University, University of Mannheim and Wharton for helpful comments.
  • Private Equity Program (PE Program)

    Private Equity Program (PE Program)

    Attachment 3, Page 1 of 28 California Public Employees’ Retirement System (CalPERS) Private Equity Program (PE Program) Quarterly Report Executive Summary (As of December 31, 2012) Presentation Date: February 19, 2013 This report is solely for the use of CalPERS personnel. No part of it may be circulated, quoted or reproduced for distribution outside CalPERS without prior written approval from Pension Consulting Alliance, Inc. Nothing herein is intended to serve as investment advice, a recommendation of any particular investment or type of investment, a suggestion of the merits of purchasing or selling securities, or an invitation or inducement to engage in investment activity. Pension Consulting Alliance, Inc. Attachment 3, Page 2 of 28 Quarterly Report December 31, 2012 Table of Contents Section Tab Executive Summary 1 CalPERS’ Private Equity Program Performance Review 2 Private Equity Team Organizational Update 3 Private Equity Market Environment Overview 4 Appendices PE Program Relationships by Total Exposure Attachment 3, Page 3 of 28 Quarterly Report December 31, 2012 1.0 Introduction Private equity is a long-term asset class with performance results influenced by various factors. This report concentrates on several key exposures that contribute to performance results, including sector, geography, structure and vintage year. In addition, the broad industry trends highlighted herein may affect future performance results. 1.2 Highlights of Program Activity The PE Program outperformed the Policy Benchmark over the latest three-year period and posted an annual return above long-term return expectations as of December 31, 2012. However over the latest one, five, and ten-year periods, the PE Program underperformed the Policy Benchmark.
  • Copyrighted Material

    Copyrighted Material

    BINDEX 03/09/2012 18:54:54 Page 345 Index A SAS 111, 267 SAS 112, 267–268 Accountants, 92, 223–226 SAS 113, 268 Accredited investors, 16, 339 SAS 114, 269 Acquisition, 339 SAS 115, 270 Acquisition Premium, 339 American Jobs and Closing Tax Advisors, selection of, 91–92 Loopholes Act of 2010, 54 Akerlof, George, 48 American Research and American Accounting Association Development Corporation (AAA), 339 (ARD), 31 American Institute of Certified American waterfall model, 10 Public Accountants (AICPA), Angel investing, 20–21 339 Antitakeover provisions, 93 accounting and review standards, Antitrust legislation, federal 270–271 235–238 SSARS 10, 271 Celler-Kefauver Antimerger Act SSARS 12, 271 (1950), 237 auditing standards Clayton Antitrust Act (1914), SAS 1, 243 236 SAS 1 amendments, 257 Federal Trade Commission Act SAS 82, 249 (1914), 236–237 SAS 82 replacements, Hart-Scott-Rodino Antitrust 257–264 Improvement Act (1976), SAS 85 amendments, 257 140, 237–238 SAS 95, 249 Robinson-Patman Act (1936), SAS 99, 256–257 237 SAS 104,COPYRIGHTED 264 Sherman MATERIAL Antitrust Act (1890), SAS 105, 265 236 SAS 106, 265 Apollo Global Management, 53, 55 SAS 107, 265–266 Assessments, manufacturing, SAS 108, 266 319–333 SAS 109, 266 corporate vision and mission, SAS 110, 267 323–324 345 BINDEX 03/09/2012 18:54:54 Page 346 346 INDEX Assessments, manufacturing Breakup fee, 129–130, 339 (Continued) Bridge financing, 339 customer satisfaction and Broker-dealer, 339 perceived quality, 322–323 Bulge bracket bank, 74 employee satisfaction, 320–322 Business development companies equipment and facility (BDCs), 54 maintenance, 324–326 Business intelligence, 277–292, 339 inventory management and application to private equity, product flow, 327–328 291–292 operational data and cost of sales, exit strategy, 292 328 investment decision, 291 visual management, 326 portfolio companies, strategic Audit, scaling, 206 management of, 291 Auditing Standards.
  • Yucaipa Companies

    Yucaipa Companies

    YUCAIPA COMPANIES: “POSTER CHILD FOR THE ILLS OF POLITICAL DONATIONS AND BUSINESS” Yucaipa is a holding company that invests across a wide range of industries—from groceries to logistics to magazine distribution. Ronald Burkle, chairman of Yucaipa, has been a multi-million fundraiser and donor for Bill and Hillary Clinton and in Bill Clinton’s post-presidency, Burkle has emerged as a close friend and rain- maker for the Clintons – and the friendship has been prosperous for both. “The mainstream business press beats up on [Burkle], essentially for buying access and influence among politicians and leaders of the pension funds that invest with him (FORBES included). ‘I basically became the poster child for the ills of political donations and business. It’s preposterous!’ Burkle protests.” [Forbes, 12/11/06] BILL CLINTON AND YUCAIPA 2006: Bill Clinton Has Guaranteed Payments “Over $1,000” From Yucaipa And Has Invested In Several Yucaipa Funds. Hillary’s financial disclosure report indicates that Bill Clinton has “over $1,000” in guaranteed payments from Yucaipa Global Holdings. Because the Clintons are not required to report the actual amount or any range of income that is more specific than “over $1,000” we do not know how much Bill has been compen- sated. Through WJC International Investments GP, Bill Clinton invests in Yucaipa Global Holdings and Yu- caipa Global Partnership. The Yucaipa Global Partnership Fund “invests in securities of corporations that con- duct significant operations in foreign countries.” Clinton reported interest income between $201-$1,000 from Yucaipa Global Holdings and between $1,001-$2,500 from Yucaipa Global Partnership Fund.
  • Private Equity Spotlight January 2007 / Volume 3 - Issue 1

    Private Equity Spotlight January 2007 / Volume 3 - Issue 1

    Private Equity Spotlight January 2007 / Volume 3 - Issue 1 Welcome to the latest edition of Private Equity Spotlight, the monthly newsletter from Private Equity Intelligence, providing insights into private equity performance, investors and fundraising. Private Equity Spotlight combines information from our online products Performance Analyst, Investor Intelligence and Funds in Market. FEATURE ARTICLE page 01 INVESTOR SPOTLIGHT page 10 Overhang, what overhang? The favourable market and difficulty of getting allocations to With 2006’s $404 billion smashing all previous records for top quartile funds has led to increased LP interest in Asian private equity fund raising, some commentators are suggesting focused funds. We look at LPs investing in these funds. that there is now an ‘overhang’ of committed capital that the industry may struggle to invest. The facts suggest otherwise. • How do LPs perceive Asian focused funds? PERFORMANCE SPOTLIGHT page 05 • Who is making the most Growth in distributions to LPs and the rate of call-ups are significant investments? driving the fundraising market. Performance Spotlight looks at the trends. • Which types of investor are the most active? FUND RAISING page 06 After a record breaking year for fundraising in 2006, we • How much is being committed examine the latest news for venture and buyout funds, as well to the region? as examining the market for first-time fund vehicles. No. of Funds on INVESTOR NEWS page 12 US Europe ROW Road All the latest news on investors in private equity: Venture 202 97 83 382 • State of Wisconsin Investment Board posts high returns Buyout 100 48 36 184 boosted by its private equity portfolio Funds of Funds 65 47 12 124 • Somerset County Council Pension Fund seeks new fund of Other 129 31 42 202 funds manager • LACERA looks for new advisor Total 496 223 173 892 • Indiana PERF is set to issue real estate RFPs SUBSCRIPTIONS If you would like to receive Private Equity Spotlight each month • COPERA close to appointing new alternatives chief.
  • Venture Capital Postively Disrupts

    Venture Capital Postively Disrupts

    PRIVATE CLIENT SERIES VENTURE CAPITAL POSITIVELY DISRUPTS INTERGENERATIONAL INVESTING Families of wealth face three key questions about intergenerational wealth planning: how best to invest to sustain future generations; how best to engage the next genera- tion; and how best to ensure family unity endures. Often each question is addressed independently. We find that a conversation across generations about the impact of a meaningful venture capital (VC) allocation can help address all three questions in an integrated manner. Venture capital offers the potential for attractive returns relative to public equity markets, often in a tax-advantaged manner, thus allowing the portfolio to generate more wealth to support current and future generations. Bringing the next generation into the conversation about the changing investing landscape also offers the oppor- tunity for both generations to learn about the unique aspects of VC investing and the critical role it can play in the family’s portfolio. Furthermore, the vast potential that exists for making lasting impact through VC, both in terms of financial returns and contributions to society, may provide unifying experiences across generations. For many families, venture investing may provide a connection to the original roots of entrepreneurship that created the family wealth. As VC spurs continued innovation and industry disruption, families should consider the potential positive disruption the inclusion of VC can bring to their intergenerational investment plans. This paper provides some context for considering such an inclusion by discussing the investment potential and implications for interested investors. Venture, the source of future returns Whether it be cloud computing, machine learning, or artificial intelligence, emerging technologies are transforming many industries.
  • PENSION FUND Annual Report and Financial Statements for the Year Ended 31 December 2020

    PENSION FUND Annual Report and Financial Statements for the Year Ended 31 December 2020

    CERN/FC/6496 CERN/3571 Original: English 20 May 2021 ORGANISATION EUROPÉENNE POUR LA RECHERCHE NUCLÉAIRE CERN EUROPEAN ORGANIZATION FOR NUCLEAR RESEARCH Action to be taken Voting procedures Simple majority of Member FINANCE COMMITTEE States represented and voting For recommandation th 377 Meeting and 51% of the contributions 16 June 2021 of all Member States Simple majority of Member OPEN COUNCIL States represented For decision 203th Session and voting 17-18 June 2021 PENSION FUND Annual Report and Financial Statements for the year ended 31 December 2020 Audited by representatives of the NATIONAL AUDIT OFFICE OF FINLAND The Finance Committee is invited to recommend to the Council and the Council is invited to approve the Annual Report and Financial Statements of the CERN Pension Fund for the year ended 31 December 2020 and to grant discharge to the Chief Executive Officer. PENSION FUND Annual Report and Financial Statements for the year ended 31 December 2020 The Financial Statements included in this Report are published in accordance with International Public Sector Accounting Standards (IPSAS) and the Rules and Regulations of the Pension Fund. Table of contents CHAIR’S LETTER .................................................................................................................................. 4 ANNUAL REPORT I. PENSION FUND GOVERNING BOARD REPORT .......................................................................... 8 1. Composition of the bodies of the Fund and Advisers (2020) .................................... 8
  • Agenda Item 5B

    Agenda Item 5B

    Item 5b - Attachment 3, Page 1 of 45 SEMI - ANNUAL PERFORMANCE R EPORT California Public Employees’ Retirement System Private Equity Program Semi-Annual Report – June 30, 2017 MEKETA INVESTMENT GROUP B OSTON C HICAGO M IAMI P ORTLAND S AN D IEGO L ONDON M ASSACHUSETTS I LLINOIS F LORIDA O REGON C ALIFORNIA U N I T E D K INGDOM www.meketagroup.com Item 5b - Attachment 3, Page 2 of 45 California Public Employees’ Retirement System Private Equity Program Table of Contents 1. Introduction and Executive Summary 2. Private Equity Industry Review 3. Portfolio Overview 4. Program Performance 5. Program Activity 6. Appendix Vintage Year Statistics Glossary Prepared by Meketa Investment Group Page 2 of 45 Item 5b - Attachment 3, Page 3 of 45 California Public Employees’ Retirement System Private Equity Program Introduction Overview This report provides a review of CalPERS Private Equity Program as of June 30, 2017, and includes a review and outlook for the Private Equity industry. CalPERS began investing in the private equity asset class in 1990. CalPERS currently has an 8% interim target allocation to the private equity asset class. As of June 30, 2017, CalPERS had 298 investments in the Active Portfolio, and 319 investments in the Exited Portfolio1. The total value of the portfolio was $25.9 billion2, with total exposure (net asset value plus unfunded commitments) of $40.2 billion3. Executive Summary Portfolio The portfolio is diversified by strategy, with Buyouts representing the largest exposure at 66% of total Private Equity. Mega and Large buyout funds represent approximately 57% of CalPERS’ Buyouts exposure.
  • Private Equity

    Private Equity

    Private Equity: Accomplishments and Challenges by Greg Brown, University of North Carolina; Bob Harris, University of Virginia; Steve Kaplan, University of Chicago; Tim Jenkinson, University of Oxford; and David Robinson, Duke University ince the 1980s, there has been an ongoing discussion about the role of private S equity (PE) in the economy. As investors have flocked to the asset class, voices critical of the negative social impact of PE have grown louder. In this article, we examine what is known from the academic literature about the effects of private equity on corporate productivity, the returns for investors, and possible broader economic and social consequences. We catalogue what we believe to be strong evidence of the overall benefits of PE-backed companies and investors in private equity, as well as spillovers in the form of broader gains in economic productivity. We also describe apparent instances of PE shortcomings in some specific industries where negative social impacts can be measured in some way. In our view, private equity is “capitalism in high gear” and, Back to the 1980s as such, subject to most of the same debates concerning Our account of private equity begins at the end of the 1980s, economic and social conditions in a free enterprise system. when hostile takeovers and other often highly leveraged While some argue that the 2020 version of capitalism transactions, including a relative newcomer called the lever- (as practiced in the U.S. and much of the world) is inef- aged buyout (or LBO), came under fierce attack in both the fective in coping with current social needs, much of the press and conventional business circles.
  • Grand Opening Marks New Bank of Oklahoma

    Grand Opening Marks New Bank of Oklahoma

    For Immediate Release: Charlesbank Capital Partners Acquires HDT Global from Metalmark Capital BOSTON – September 16, 2014 – Charlesbank Capital Partners announced today that it has acquired HDT Global, a leading provider of solutions for government, military, commercial and industrial customers, based in Solon, Ohio. Charlesbank purchased the company from Metalmark Capital, and the existing management team is making a significant co-investment in the transaction. Financial terms were not disclosed. Founded in 1937, HDT Global holds a portfolio of products aimed at creating and controlling environmental conditions to protect and optimize the functioning of critical equipment and personnel. Its innovative solutions include rapidly deployable shelters, sophisticated environmental control and power equipment, and nuclear, biological and chemical protection systems. Among its customers are major branches of the US military, international governments and large industrial companies. HDT Global’s senior executives average over 25 years in the industry. Sam Bartlett, Managing Director at Charlesbank, said, “We are proud to back this talented management team, which has built a leading portfolio of integrated products and services with an outstanding reputation for technology leadership, innovation, performance and support. We look forward to helping the HDT team continue to enhance its core offerings and expand the business internationally and through acquisitions.” “We are pleased with the progress HDT has made to become the leading provider
  • PEI Investor Relations, Marketing & Communications Forum 2019

    PEI Investor Relations, Marketing & Communications Forum 2019

    June 19-20 | Convene, 730 Third Ave | New York Attendee list A.P. Moller Capital Bain Capital C-Bridge Capital Partners FTV Capital ACME Capital Banner Real Estate Group CCMP Capital Advisors Further Capital Partners Actis Barings Centerbridge Partners GCM Grosvenor Advent International Basis Investment Group Cerberus Capital Management General Atlantic AE Industrial Partners Battery Ventures Charlesbank Capital Partners General Catalyst Partners AEA Investors BBH Capital Partners The Chauncey F. Lufkin III Gennx360 AEW Capital Management BC Partners Foundation Genstar Capital AIMA The Beach Company The City of New York, Finance Global Infrastructure Partners Alcentra Berkshire Partners Civitas Capital Grain Management Alcion Ventures Bernhard Capital Partners Coller Capital Gryphon Investors Allianz Capital Partners Bicknell Family Holding Cornell Capital GTCR Altor Equity Partners Company Court Square Capital Partners Halstatt American Securities Bison Crescent Capital Group Hamilton Lane AMP Capital BKM Capital Partners CRV Hammes Angelo Gordon Blackstone Cypress Real Estate Advisors Hammond, Kennedy, Whitney Antares Capital Blue Heron Asset Managment Denham Capital & Co Apollo Global Management Blue Water Energy Duff & Phelps Hancock Capital Management ARC Financial Corp Bridge Investment Group Dyal Capital Partners Harvard Management Company ArcLight Capital Partners BroadVail Capital Edelman HCI Equity Partners Argosy Capital Brook Venture Partners EnCap Investments HGGC Arroyo Energy Investment Brookfield Asset Management EQT Partners
  • Morgans Hotel Group Co. Form 10-K/A Annual Report Filed 2013-10

    Morgans Hotel Group Co. Form 10-K/A Annual Report Filed 2013-10

    SECURITIES AND EXCHANGE COMMISSION FORM 10-K/A Annual report pursuant to section 13 and 15(d) [amend] Filing Date: 2013-10-02 | Period of Report: 2012-12-31 SEC Accession No. 0001193125-13-387531 (HTML Version on secdatabase.com) FILER Morgans Hotel Group Co. Mailing Address Business Address 475 TENTH AVENUE 475 TENTH AVENUE CIK:1342126| IRS No.: 161736884 | State of Incorp.:DE | Fiscal Year End: 1231 NEW YORK NY 10018 NEW YORK NY 10018 Type: 10-K/A | Act: 34 | File No.: 001-33738 | Film No.: 131128139 212-277-4100 SIC: 7011 Hotels & motels Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K/A Amendment No. 2 (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2012 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33738 Morgans Hotel Group Co. (Exact name of registrant as specified in its charter) Delaware 16-1736884 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 475 Tenth Avenue New York, New York 10018 (Address of principal executive offices) (Zip Code) (212) 277-4100 (Registrants telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock, $0.01 par value The NASDAQ Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Copyright © 2013 www.secdatabase.com.