The Largest Global Event for Private Equity Value Creation

Total Page:16

File Type:pdf, Size:1020Kb

The Largest Global Event for Private Equity Value Creation 11th annual event Operating Partners Forum New York 2021 October 20–21, 2021 Convene, 117 W 46th St, New York The largest global event for private equity value creation To learn more, visit: peievents.com/en/event/operating-partners-forum-new-york/ Contents » Agenda highlights » Speakers » Networking opportunities » Venue and hotel » Event sponsors » What is Operating Partners All Access? » Learn more about Operating Partners All Access peievents.com/en/event/operating-partners-forum-new-york/ 2 of 12 | back to contents Agenda at a glance View full agenda Plenary sessions include: The impact of disruption The common The archetype of a Enabling a technology- on the future of work: characteristics of faster world class operating driven CFO: key success leadership, culture, growing businesses team factors in the future of and talent value creation The future of PE partner-CFO Monitoring and Optimizing board technology and dynamics: alignment, quantifying portfolio governance and digital initiatives in expectations, performance with data effectiveness — key working with your and impact science and analytics elements for success portfolio companies peievents.com/en/event/operating-partners-forum-new-york/ 3 of 12 | back to contents Agenda at a glance View full agenda Choose from 25 breakout sessions including: Reimagining Post-COVID How 100- Value creation in Leveraging your OP-CEO talent acquisition, day plans are recurring revenue portfolio’s supply connections: development, and changing in businesses—keys chain to maximize where strategy assessment for the current to success ESG impact and delivery the lower level environment and collide years to come Technology Addressing Digital Healthcare How is private for finance: value diversity and transformations costs: managing equity “future- creation inclusion as and innovation 2022 surge in proofing” and exit strategy a business to drive consumption building resilience imperative investment value in its portfolios? peievents.com/en/event/operating-partners-forum-new-york/ 4 of 12 | back to contents Hear from value creation leaders View speakers Bob Barthelmes Cory Eaves Ignacio Giraldo Daniel Goetz Hannah Gräfin von Managing Director, Operating Partner Partner Principal, Operational Waldersee Portfolio Operations General Atlantic TPG Growth Excellence Vice President, Strategy Blackstone Siris Capital and Innovation Insight Partners Asheesh Gupta Darren Herman Benjamin Humphreys Prital Kadakia Neil Kimber Managing Director, Operating Partner Senior Operating Partner Operating Principal Portfolio Support Bain Capital Executive Serent Capital Accel-KKR Audax Private Equity Monomoy Capital Partners peievents.com/en/event/operating-partners-forum-new-york/ 5 of 12 | back to contents Hear from value creation leaders View speakers Michael Kohlsdorf Amy Kramer Raj Kushwaha Jean-Marc Levy Misha Logvinov President Operating Partner Managing Director, Digital Operating Partners Managing Director and Francisco Partners Level Equity Strategy and Innovation, Edison Partners Head of IT Strategy Operating Partner and Chief Consulting EQT Partners Digital Officer Warburg Pincus Harrison Lung Todd Markson Kunal Mehta Kate Migliaro Aaron Miller Partner, Portfolio Value Operating Partner, Principal, Portfolio Principal, Talent Partner, Head of Portfolio Creation Tech Opportunities Operations Management and Performance Solutions Siris Capital Bain Capital TCV Organizational Effectiveness Apollo Global Apollo Global Management Management peievents.com/en/event/operating-partners-forum-new-york/ 6 of 12 | back to contents Hear from value creation leaders View speakers Michael Monagle Andy Pickens Howard Reba Bijal Sheth Luis Sosa Principal, Portfolio Managing Director Head of Portfolio Operations Principal Senior Vice President, Operations Data and Digital Finance Pamlico Capital Portfolio Operations Providence Equity Transformation CI Capital Partners Platinum Equity Apollo Global Management Russ Trpkovski Kush Tulsidas Andrew Walshe Jon Weber Nick Winter Operating Principal Operating Partner Head of Portfolio Head of Global Portfolio Managing Director, CVC Capital Partners One Rock Operations, Two Sigma Operations Groupt Head of North America Capital Partners Private Investments Elliott Investment Portfolio Operations Sightway Capital Management Värde Partners peievents.com/en/event/operating-partners-forum-new-york/ 7 of 12 | back to contents Networking opportunities Operating Partners Forum New York provides ample opportunities to network with fellow operating partners. Explore the various interactive working groups, think tanks and breakfast sessions to discuss emerging topics in value creation and private equity. Operating Partner only Think Tank sessions Interactive Working Groups This closed-door room will allow you to learn and share These exclusive deep dive discussions only available best practices of successful operating partners. The to operating partners allow you to participate in think tank will allow you to submit topics to be covered in interactive roundtable discussions with designated looking at best value creation practices and the toughest facilitators. challenges operating partners face daily. Operating Partner only Breakfast Deep Women’s networking lunch Dive discussions This closed-door lunch discussion will explore what it’s Join fellow operating partners for a portfolio operations like being a woman in PE and VC portfolio operations. breakfast deep dive discussion (invitation-only). peievents.com/en/event/operating-partners-forum-new-york/ 8 of 12 | back to contents Venue and hotel Book a room Convene Kimpton Muse Hotel 117 West 46th St 130 West 46th Street New York, NY 10036 New York, NY 10036 Please reach out to [email protected] directly to book a room pre or post conference days. peievents.com/en/event/operating-partners-forum-new-york/ 9 of 12 | back to contents Sponsors View all sponsors Platinium Lead Sponsors Sponsors For details on how your firm can engage with the operating partner attendees, please contact Lawrence Dvorchik at lawrence.d@peimedia or call +1 646 545 4429 peievents.com/en/event/operating-partners-forum-new-york/ 10 of 12 | back to contents The Operating Partners Forums are now part of Operating Partners All Access Network What is Operating Partners All Participate in monthly Forums, Access Network? Deep Dives, and sessions to advance your value creation efforts The network is comprised of a global community of operating partners, offering members a platform to exchange ideas, Watch sessions at any time; best practices and participate watch live or catch-up on in interactive discussions. demand throughout the year Membership provides multiple opportunities throughout a 12-month period to connect Send private messages, and engage with other schedule meetings or continue operating partners, and to learn the conversation offline with how to better optimize portfolio community members company performance. peievents.com/en/event/operating-partners-forum-new-york/ 11 of 12 | back to contents Learn more about Operating Partners Interested in learning All Access memberships more and previewing the membership platform? The Operating Partners Forum New York is included in your Operating Partners All Access membership. A membership includes 12 month access to community networking, attendance at all virtual events, one in-person event, plus all the monthly content delivered virtually on Request a trial the platform. This membership is for in-house portfolio operations, finance, and investment professionals at private equity/venture capital firms, foundations, endowments, public and private pension funds, sovereign For program information: wealth funds and fund of funds. More information can be found at Marc Mele peievents.com/en/event/op-all-access/ [email protected] +1 646 581 9295 1 member $3,295 Single membership: For membership opportunities: Team membership: 2 members $6,590 Bes Selmani [email protected] 3 members $8,595 +1 212 796 8339 Looking to include 7+ 4 members $10,095 in your membership? For registration questions: Contact Bes Selmani at 5 members $10,995 Customer Services [email protected] [email protected] or +1 212 796 8339 6 members $13,195 +1 212 633 1073 peievents.com/en/event/operating-partners-forum-new-york/ 12 of 12 | back to contents .
Recommended publications
  • Map of Funding Sources for EU XR Technologies
    This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement N° 825545. XR4ALL (Grant Agreement 825545) “eXtended Reality for All” Coordination and Support Action D5.1: Map of funding sources for XR technologies Issued by: LucidWeb Issue date: 30/08/2019 Due date: 31/08/2019 Work Package Leader: Europe Unlimited Start date of project: 01 December 2018 Duration: 30 months Document History Version Date Changes 0.1 05/08/2019 First draft 0.2 26/08/2019 First version submitted for partners review 1.0 30/08/2019 Final version incorporating partners input Dissemination Level PU Public Restricted to other programme participants (including the EC PP Services) Restricted to a group specified by the consortium (including the EC RE Services) CO Confidential, only for members of the consortium (including the EC) This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement N° 825545. Main authors Name Organisation Leen Segers, Diana del Olmo LCWB Quality reviewers Name Organisation Youssef Sabbah, Tanja Baltus EUN Jacques Verly, Alain Gallez I3D LEGAL NOTICE The information and views set out in this report are those of the authors and do not necessarily reflect the official opinion of the European Union. Neither the European Union institutions and bodies nor any person acting on their behalf may be held responsible for the use which may be made of the information contained therein. © XR4ALL Consortium, 2019 Reproduction is authorised provided the source is acknowledged. D5.1 Map of funding sources for XR technologies - 30/08/2019 Page 1 Table of Contents INTRODUCTION ................................................................................................................
    [Show full text]
  • Future Finance & Investment Chapter
    FUTURE FINANCE & INVESTMENT CHAPTER MEMBERS FUTURE FINANCE & INVESTMENT CHAPTER MEMBERS OF THE GRI GLOBAL COMMITTEE FUTURE FINANCE & INVESTMENT CHAIRPERSON VICE-CHAIR Audrey Klein Peter Plaut Head of Investor Relations (Funds) Executive Director Kennedy Wilson Wimmer Family Office Investor Relations (Funds) Investor - Family Office Kennedy Wilson is a global real estate operator. We focus Wimmer Family Office offers both bespoke investment portfolio on multifamily, office and industrial properties located in the solutions for family offices and high net worth individuals as Western U.S., U.K., Ireland and Spain. Headquartered in Beverly well as its core investment trend following strategy through the Wimmer Wealth Protection Fund. Hills, CA, and London, UK, Kennedy Wilson has 16 global offices. Audrey Klein is the Head of Fundraising for Kennedy Wilson Europe. Prior to Peter Plaut is an Executive Director at Wimmer Family Office focused on origination, this she held Head of Fundraising roles at several firms but is best known for researching and structuring private debt and equity transactions across a broad range starting the European business out of London for the Park Hill Real Estate of industries including specializing in real estate across the residential, office and hotel Group, a Division of Blackstone, which she ran for 9 yrs. Prior to joining Park and hospitality sectors. Minimum transaction size is $100mm to well over $1 billion. Hill, she ran her own business for 5 yrs marketing alternative asset funds Mr. Plaut is consistently recognized as a leader in the industry. Among his many across all asset classes including private equity, real estate and hedge funds achievements and awards, he was ranked as one of the Top 20 Rising Stars of Hedge to European investors comprised of pension funds, banks, family offices and Funds during the 2008 financial crisis –a recognition of his ability to manage through high net worth individuals.
    [Show full text]
  • TRS Contracted Investment Managers
    TRS INVESTMENT RELATIONSHIPS AS OF DECEMBER 2020 Global Public Equity (Global Income continued) Acadian Asset Management NXT Capital Management AQR Capital Management Oaktree Capital Management Arrowstreet Capital Pacific Investment Management Company Axiom International Investors Pemberton Capital Advisors Dimensional Fund Advisors PGIM Emerald Advisers Proterra Investment Partners Grandeur Peak Global Advisors Riverstone Credit Partners JP Morgan Asset Management Solar Capital Partners LSV Asset Management Taplin, Canida & Habacht/BMO Northern Trust Investments Taurus Funds Management RhumbLine Advisers TCW Asset Management Company Strategic Global Advisors TerraCotta T. Rowe Price Associates Varde Partners Wasatch Advisors Real Assets Transition Managers Barings Real Estate Advisers The Blackstone Group Citigroup Global Markets Brookfield Asset Management Loop Capital The Carlyle Group Macquarie Capital CB Richard Ellis Northern Trust Investments Dyal Capital Penserra Exeter Property Group Fortress Investment Group Global Income Gaw Capital Partners AllianceBernstein Heitman Real Estate Investment Management Apollo Global Management INVESCO Real Estate Beach Point Capital Management LaSalle Investment Management Blantyre Capital Ltd. Lion Industrial Trust Cerberus Capital Management Lone Star Dignari Capital Partners LPC Realty Advisors Dolan McEniry Capital Management Macquarie Group Limited DoubleLine Capital Madison International Realty Edelweiss Niam Franklin Advisers Oak Street Real Estate Capital Garcia Hamilton & Associates
    [Show full text]
  • Broken Confidences Sebastiaan Van Den Berg of Harbourvest Partners Are PE Players Losing Sleep Over Australia’S Super Fund Disclosure Rules? Page 7 Page 19
    Asia’s Private Equity News Source avcj.com February 25 2014 Volume 27 Number 07 EDITOR’S VIEWPOINT Bumper PE deal flow in 2013 flatters to deceive Page 3 NEWS Baring Asia, CalPERS, CDH, EQT, Fosun, GGV, Hopu, IDFC, IFC, INCJ, Kendall Court, Morningside, NSSF, Origo, Samena, Temasek Page 4 ANALYSIS Australia’s mid-market GPs wait patiently for a buyout rebound Page 16 INDUSTRY Q&A HESTA’s Andrew Major and QIC’s Marcus Simpson Page 11 Broken confidences Sebastiaan van den Berg of HarbourVest Partners Are PE players losing sleep over Australia’s super fund disclosure rules? Page 7 Page 19 FOCUS FOCUS Diversity in distress The collective spirit GPs adjust to evolving special situations Page 12 Crowdfunding gains traction down under Page 14 PRE-CONFERENCE ISSUE AVCJ PRIVATE EQUITY AND VENTURE CAPITAL FORUM AUSTRALIA 2014 Anything is possible if you work with the right partner Unlocking liquidity for private equity investors www.collercapital.com London, New York, Hong Kong EDITOR’S VIEWPOINT [email protected] Managing Editor Tim Burroughs (852) 3411 4909 Staff Writers Andrew Woodman (852) 3411 4852 Mirzaan Jamwal (852) 3411 4821 That was then, Winnie Liu (852) 3411 4907 Creative Director Dicky Tang Designers Catherine Chau, Edith Leung, Mansfield Hor, Tony Chow Senior Research Manager this is now Helen Lee Research Manager Alfred Lam Research Associates Herbert Yum, Isas Chu, Jason Chong, Kaho Mak Circulation Manager FROM 2006 OR THEREABOUTS, AUSTRALIA pace during the second half of 2013. A total of Sally Yip Circulation Administrator suddenly became the destination in Asia for GPs nine PE-backed offerings raised record proceeds Prudence Lau focused on leveraged buyout deals.
    [Show full text]
  • Trs Contracted Investment Managers As of February 2018
    TRS CONTRACTED INVESTMENT MANAGERS AS OF FEBRUARY 2018 Global Public Equity (Global Income continued) Acadian Asset Management Oaktree Capital Management, LLC Adrian Lee & Partners Pacific Investment Management Company, LLC AQR Capital Management Pemberton Capital Advisors Arrowstreet Capital PGIM, Inc. Axiom International Investors Riverstone BNP Paribas Solar Capital Partners LLC Channing Capital Management, LLC Taplin, Canida & Habacht Dimensional Fund Advisors LP Taurus Funds Management Emerald Advisers, Inc. TCW Asset Management Company JP Morgan Asset Management Westwood Management Corporation Levin Capital Strategies, LP LSV Asset Management Real Estate/Real Assets Mondrian Investment Partners Limited AQR Capital Management, LLC Northern Trust Investments, NA Barings Real Estate Advisers LLC RhumbLine Advisers Beacon Capital Partners Robeco Boston Partners BlackRock Strategic Global Advisors, LLC Blackstone Real Estate Advisors T. Rowe Price Associates, Inc. Bridgewater Associates, LP Wasatch Advisors Capri Capital Advisors, LLC CB Richard Ellis, Inc. Transition Managers Dyal Capital Fortress Investment Group Citigroup Global Markets, Inc. Gaw Capital Partners Loop Capital Heitman Real Estate Investment Management Macquarie Capital (USA) Inc. Hines Northern Trust Investments Inc. INVESCO Real Estate Penserra Transition Management LLC LaSalle Investment Management Lion Industrial Trust Global Income Lone Star Angelo, Gordon & Co. LPC Realty Advisors Apollo Global Management Madison International Realty Dolan McEniry Capital Management,
    [Show full text]
  • The Operating Impact of Management Ownership Evidence from Private Equity Buyouts in Sweden
    Stockholm School of Economics Department of Finance MSc thesis – Spring 2013 Supervisor: Assistant Professor Michael Halling The Operating Impact of Management Ownership Evidence from Private Equity Buyouts in Sweden Abstract Using a novel dataset comprising 161 private equity buyouts in Sweden between 2002 and 2008, this paper investigates the impact of management participation on operating performance in buyouts. The authors compare performance in private equity sponsored management buyouts (MBOs) with other buyouts and also investigate the effect of management ownership in buyout companies. The analysis is carried out using regression analysis over two event windows, the three years following the buyout year and the period from entry to exit. The authors find that a higher management equity stake has a positive effect on profitability in buyout companies, but has a negative impact on growth. Additionally, the study finds that MBOs tend to outperform other buyouts over the full holding period. Looking at employee growth, larger management ownership in buyout companies is found to have a significant positive effect on employment. Keywords: Private equity, management buyout, MBO, management incentives, operating performance Mikael Svanberg Christopher Wanzelius [email protected] [email protected] Acknowledgements We would like to thank our tutor, Assistant Professor Michael Halling, for valuable support and guidance during the process of writing this paper. We also acknowledge Professor Per Strömberg, who was kind enough to provide feedback on our chosen topic. Last but not least, we would like to thank our friends and family for their encouragement and patience during the past few months. 1 Table of Contents Table of Contents ...............................................................................................................
    [Show full text]
  • TPG the Blackstone Group Kohlberg Kravis Roberts Goldman Sachs
    TPG Themay 2012 Blackstone Group Kohlbergprivate equity international Kravis Roberts Goldman page 37 Sachs Principal Investment Area The Carlyle Group CVC Capital Partners Apax Partners Apollo Global Management Bain Capital Oaktree Capital Management Hellman & Friedman General Atlantic Providence Equity Partners Cerberus Capital Management Warburg Pincus Advent International First Reserve Corporation Silver Lake Lone Star Funds Riverstone Holdings Leonard Green & Partners Thomas H. Lee Partners Golden Gate Capital BC Partners JC Flowers & Co. Terra Firma Capital Partners American Capital Teachers’ Private Capital NGP Energy Capital Management Fortress Investment Group Clayton Dubilier & Rice CPP Investment Board Bridgepoint PAI Partners AXA Private Equity Mount Kellett Capital EQT Partners Marfin Investment Group EnCap Investments Abraaj Capital Citi Capital Advisors Onex International Petroleum Investment Company Stone Point Capital TA Associates Hony Capital Nordic Capital ArcLight Capital Partners Equistone Partners Europe CDH Investments HitecVision AS JP Morgan Asset Management Charterhouse Capital Partners American Securities Capital Partners Mubadala Development Company Summit Partners Tiger Global Management Avista Capital Partners AlpInvest Partners Dubai International Capital MatlinPatterson Global Advisers GI Partners New Mountain Capital Kelso & Co. Denham Capital Management Sun Capital Partners Ares Management Lion Capital Investcorp Bank BSC Lindsay Goldberg Pamplona Capital Management H.I.G. Capital Doughty Hanson Accel Partners Berkshire Partners Vista Equity Partners WL Ross & Co. Welsh Carson Anderson & Stowe Centerbridge Capital Partners Energy Capital Partners Intermediate Capital Group Cinven Oak Hill Capital Partners page 40 private equity international may 2012 pei 300 TPG still top of the class It’s a second consecutive year at the top in Indonesian manager Northstar Pacific for TPG, whose remarkable fundraising (as it looks to get a foot in the door of machine accumulated a cool $49.9 bil- another high-potential emerging market).
    [Show full text]
  • GESCHÄFTSBERICHT 2007 ANNUAL REPORT 2007 GB P3 07.Qxp:GB P3 18.3.2008 16:15 Uhr Seite 2
    GB_P3_07.qxp:GB_P3 18.3.2008 16:15 Uhr Seite 1 GESCHÄFTSBERICHT 2007 ANNUAL REPORT 2007 GB_P3_07.qxp:GB_P3 18.3.2008 16:15 Uhr Seite 2 GESCHÄFTSBERICHT 2007 ÜBERBLICK 2007 OVERVIEW 2007 ENTWICKLUNG DES BÖRSENKURSES UND DES INNEREN WERTES 01.01.2007 BIS 31.12.2007 PRICE AND NAV DEVELOPMENT 01.01.2007 UNTIL 31.12.2007 1’600 1’500 1’400 1’300 EUR in 1’200 1’100 1’000 900 12.06 01.07 02.07 03.07 04.07 05.07 06.07 07.07 08.07 09.07 10.07 11.07 12.07 Innerer Wert pro Zertifikat / Net Asset Value (NAV) per certificate Preis / Price 2 GB_P3_07.qxp:GB_P3 18.3.2008 16:15 Uhr Seite 3 ANNUAL REPORT 2007 Firmenprofil Company Profile Die Partners Group Private Equity Performance Holding Partners Group Private Equity Performance Holding Limited Limited («P3 Holding», «P3») ist eine nach dem Recht von (“P3 Holding”, “P3”) is a limited liability company, which was Guernsey gegründete Gesellschaft mit beschränkter Haftung incorporated under the laws of Guernsey and is domiciled in mit Sitz in St. Peter Port, Guernsey. Der Zweck der Gesell- St. Peter Port, Guernsey. The objective of the company is to schaft ist die Verwaltung und Betreuung eines Portfolios aus professionally manage a portfolio of investments in private Beteiligungen an Private Equity-Zielfonds, börsennotierten equity partnerships, listed private equity vehicles and direct Private Equity-Gesellschaften und Direktinvestitionen. P3 investments. P3 is supported in its activities by the Invest- wird in dieser Tätigkeit durch ihren Anlageberater Partners ment Advisor, Partners Group, which is a global alternative Group beraten.
    [Show full text]
  • December 7, 2016 9:00 AM
    Oregon Investment Council December 7, 2016 9:00 AM Oregon State Treasury 16290 SW Upper Boones Ferry Road Tigard, OR 97224 Katy Durant Chair John Skjervem Chief Investment Officer Ted Wheeler State Treasurer OREGON INVESTMENT COUNCIL Agenda December 7, 2016 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 Meeting Minutes Katy Durant 1 October 26, 2016 OIC Chair Committee Reports John Skjervem Chief Investment Officer 9:05-9:50 2. JPMCB Strategic Property Fund Tony Breault 2 OPERF Real Estate Portfolio Senior Investment Officer, Real Estate Austin Carmichael Investment Officer Christy Fields Managing Director, Pension Consulting Alliance Ann Cole Managing Director & Portfolio Manager, J.P. Morgan Asset Management Alexia Gottschalch Managing Director & Head of Client Strategy, J.P. Morgan Asset Management 9:50-10:30 3. EQT Infrastructure Fund III Ben Mahon 3 OPERF Alternatives Portfolio Senior Investment Officer, Alternatives Tom Martin Managing Director, TorreyCove Capital Partners Andreas Huber Partner, EQT Partners Darlene Sammon Investor Relations, EQT Partners 10:30-10:40 -------------------- BREAK -------------------- Katy Durant Rukaiyah Adams Rex Kim John Russell Ted Wheeler Steve Rodeman Chair Vice Chair Member Member State Treasurer PERS Director OIC Meeting Agenda December 7, 2016 Page 2 10:40-11:10 4. Fixed Income Program Review Tom Lofton 4 OPERF Fixed Income Portfolio Investment Officer, Fixed Income Janet Becker-Wold Senior Vice President, Callan Associates Tony Vorlicek Vice President, BlackRock Solutions B. Information Items 11:10-11:30 5. OSTF Review Garret Cudahey 5 Oregon Short Term Fund Investment Officer, Fixed Income Angela Schaffers Investment Analyst, Fixed Income 11:30-11:45 6.
    [Show full text]
  • Public School Teachers Pension & Retirement Fund of Chicago Private
    December 31, 2019 Public School Teachers Pension & Retirement Fund of Chicago Private Equity Performance Report Investment Measurement Service Quarterly Review Information contained herein includes confidential, trade secret and proprietary information. Neither this Report nor any specific information contained herein is to be used other than by the intended recipient for its intended purpose or disseminated to any other person without Callan’s permission. Certain information herein has been compiled by Callan and is based on information provided by a variety of sources believed to be reliable for which Callan has not necessarily verified the accuracy or completeness of or updated. This content may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. This content is for informational purposes only and should not be construed as legal or tax advice on any matter. Any decision you make on the basis of this content is your sole responsibility. You should consult with legal and tax advisers before applying any of this information to your particular situation. Past performance is no guarantee of future results. For further information, please see Appendix for Important Information and Disclosures. Table of Contents December 31, 2019 Total Portfolio Portfolio Profile and Financial Performance 2 Portfolio Diversification 3 Individual Manager Diversification Table 4 Manager Vehicle-Level Performance 8 Individual Managers Fund of Funds Developed Manager Program Adams Street Partners
    [Show full text]
  • Final Version
    ERASMUS UNIVERSITY ROTTERDAM ERASMUS SCHOOL OF ECONOMICS MSc Economics & Business Economics Master Thesis Financial Economics The formation of prominent private equity clubs and the involved alignment costs in club leveraged buyouts Author: Jurjen Spelde Student ID number: 454457 Thesis supervisor: Y.S. Gangaram-Panday MSc Second reader: Dr. J. Lemmen Date final version: 27-08-2020 J. Spelde (2020) Abstract In this research, I analyzed the pricing, target firm characteristics and involved alignment costs in club deal leveraged buyouts. Using a dataset of completed and withdrawn leveraged buyouts of publicly traded U.S. targets, I found that target shareholders receive between approximately 8,5% and 34% lower premiums compared to sole-sponsored leveraged buyouts in the pre-2006 time period. There is no difference in the premium in the post-2005 time period. These results are robust to the usual M&A control variables, including size, risk, and industry and time fixed effects. By examining withdrawn deals, I studied two influences: (1) the likelihood of a completed deal after the announcement is lower for club leveraged buyouts consisting of one merely one prominent private equity firm compared to sole-sponsored private equity deals, and (2) the duration between the announcement date and the date of completion/withdrawal is longer compared to sole-sponsored private equity deals, also merely for clubs consisting of one prominent private equity firm. I found motives for capital constraints in the post-2005 time period which is merely evident for clubs consisting of two prominent private equity firms, but no indication in favor of diversification motives.
    [Show full text]
  • ANNUAL REVIEW 2018 Waking up to Impact a Recognized Leader
    ANNUAL REVIEW 2018 Waking up to impact A Recognized Leader LenderLender of of the the year Year in inEurope Europe Ares Management is a global alternative asset manager built around three scaled businesses that collaborate to consistently deliver innovative, solutions-oriented results across market cycles. credit private equity real estate www.aresmgmt.com | www.arescapitalcorp.com The performance, awards/ratings noted herein may related only to selected funds/strategies and may not be representative of any client’s given experience and should not be viewed as indicative of Ares’ past performance or its funds’ future performance. REF: AM-00162 AresFullpageAds_Artwork.indd 2 2/12/19 11:50 AM Impact is everything ISSN 1474–8800 MARCH 2019 injected extra impetus into the movement, but TOBY Senior Editor, Private Equity MITCHENALL has also raised questions about definition. Who Toby Mitchenall, Tel: +44 207 566 5447 EDITOR'S [email protected] LETTER should be allowed to raise capital under the Senior Special Projects Editor “impact” label? It is currently a broad church, Graeme Kerr, Tel: +44 203 862 7491 [email protected] housing everything from philanthropically- Senior Editor, Private Equity, Americas driven capital that does not require “market” Isobel Markham, Tel: +1 646 380 6194 [email protected] returns at one end, to sleeves of existing port- Senior Reporters folios screened for their contribution to posi- Rod James, Tel: +44 207 566 5453 [email protected] tive change at the other. Carmela Mendoza, Tel: +852 2153 3148 One of our most read stories of 2018 broke the The definitional grey-ness is evident in the [email protected] news that KKR was joining the impact investing impact category of our annual awards.
    [Show full text]