Private Equity Firms
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Oil and the Financial Sector; Private Equity Perspective Gary R
Oil and the Financial Sector; Private Equity Perspective Gary R. Petersen Managing Partner & Founder, EnCap Investments November 18, 2016 Overview of EnCap Investments • Leading provider of private growth capital across upstream and midstream oil and gas • Raised aggregate capital commitments of approximately ~$27 billion across 19 institutional funds since 1988 • Exceptional track record of 2.4x ROI and 52% IRR on 174 realized investments across 19 funds • Investment strategy revolves around partnering with seasoned oil and gas executives with demonstrable track records of success Upstream - EnCap Investments Midstream - EnCap Flatrock • Core funds started in 1988 Oklahoma City • 2nd business line started in 2008 • 16 funds totaling ~$21 billion • 3 funds totaling ~$6 billion Houston Office Dallas • 21 total employees • 49 Employees San Antonio Office Houston • 19 Investment Staff San Antonio • 11 Investment Staff • 5 Technical Professionals Oklahoma City Office Dallas Office • 3 Investment Staff • 16 Employees Houston Office • 11 Investment Staff • 2 Investment Staff • 1 Technical Professional Confidential 2 Fund History • Long history of helping companies grow and create shareholder value – Provided growth capital to 242 oil and gas companies – 174 realized investments EnCap Energy EnCap Energy EnCap Energy EnCap Energy Capital Fund III Capital Fund V Capital Fund VII Capital Fund IX $405,000,000 $815,000,000 $2,500,000,000 $5,000,000,000 August 1997 July 2004 December 2007 January 2013 Reserve Acquisition Mezz. Debt Funds I- EnCap -
Draper Fisher Jurvetson
TEAM PORTFOLIO NEWS ABOUT DFJ DFJ NETWORK HOME BACK DRAPER FISHER JURVETSON, DFJ FRONTIER, AND ZONE VENTURES AWARD $250,000 TO NEUROVIGIL IN FOURTH ANNUAL DFJ VENTURE CHALLENGE Draper Fisher Jurvetson, DFJ Frontier, and Zone Ventures Award $250,000 to NeuroVigil in Fourth Annual DFJ Venture Challenge By: Press Release May. 28, 2008 UC San Diego Startup Bests 16 Teams from 12 Universities in Competition for Seed Funding MENLO PARK, Calif ‐‐ Leading early‐stage venture capital firms Draper Fisher Jurvetson (DFJ) and its network partners DFJ Frontier and Zone Ventures hosted the fourth annual DFJ Venture Challenge in Menlo Park on Wednesday. With a grand prize of $250,000 in seed stage funding, the competition is believed to be the largest winner‐take‐all business plan competition for university students. During the morning session, 16 teams from 12 universities on the West Coast presented business plans to a panel of 10 judges, comprised of venture capitalists from the DFJ Network. Six teams were selected as finalists and presented extended versions of their business plans and answered further questions from the judges in a second round of competition in the afternoon. Following the final round of judging, NeuroVigil was awarded $250,000 in seed funding. NeuroVigil is poised to revolutionize brain analysis and plans to target the sleep, transportation, and pharmaceutical industries. The company, which comprises several Nobel Laureates and leading business strategists, was founded in 2007 by Dr. Philip Low, who, as a graduate student at the Salk Institute, developed a new way to analyze brain activity using a single non‐invasive probe. -
Philadelphia Investment Trends Report
Venture impact Technology investment in the Greater Philadelphia region Trends and highlights, January 2008 to June 2013 Innovation, investment and opportunity On behalf of EY, Ben Franklin Technology Partners of Southeastern Pennsylvania and the Greater Philadelphia Alliance for Capital and Technologies (PACT), we are pleased to present this review 421 companies of technology investment trends and highlights in the Greater Philadelphia region. $4.1 billion The technology investment community in the Greater Philadelphia region includes a wide variety of funding sources supporting a diverse array of companies and industry sectors. In this report, Total investment since we’ve analyzed more than a thousand investment rounds and January 2008 exits that occurred in the Philadelphia region since 2008 – including investments from venture capital fi rms (VCs), angel investors (Angels), corporate/strategic investors, seed funds, accelerators and other sources of funding. As shown in this report, 2012 reversed a post-recession slowdown in venture funding in Greater Philadelphia, and to date, 2013 has brought a welcome increase in the amount of new funds available at regional investment fi rms. These are positive signs for our region’s technology companies, as are the increasing number of exits via IPO and acquisition, which serve as further validation of the investment opportunities created by our region’s growing technology sector. We encourage you to explore this report, and we hope that it will provide useful insights into the current state of -
2Nd FCF Life Science IPO Report
FCF Life Science Research 2nd Life Science IPO Report – Initial Public Offerings in Europe and the US Enterovirus Part of FCF Life Science Research Series FCF Overview European and US Life Science IPOs C r o s s - border IPOs of European Issuers in the US Life Science IPO Outlook Appendix: European Cross - border Issuances in the US 2 FCF Overview FCF seeks to provide Who We Are Capital Markets Capabilities and Services its clients with ▪ Specialized investment bank and financing specialist financing Private / Venture capital financing Private equity financing ▪ Advising public and private small / midcap companies Pre-IPO Growth capital financing (i) at the lowest cost, ▪ Advisor for structuring and placement of financing transactions: Initial Public Offering (IPO) pursued in tandem) – All instruments: Unbiased approach to all available corporate Equity / Capital increase Private Investment in (ii) with the highest Public Dual-track (IPO and Public Equity (PIPE) flexibility, financing instruments (no product selling approach), allowing alternative transaction Block trade for customized financing structures (iii) in the shortest Receivables financing / Working capital / Revolving – All investors: Close and trusted relationships with senior period of time, Short-term Factoring / ABS credit facility executives of virtually all relevant equity and debt investors Debt Borrowing base / Guarantees / (iv) with the highest – Fast process: Process management skills and direct / personal Inventory financing Letter of Credit closing proba- access to institutional debt and equity investors enable fast Bank loan facility / Promissory note bility, and with transactions Straight debt (Schuldscheindarlehen) Debt Long-term Sale-and-lease back High-yield / PIK bond (v) financing partners ▪ More than 100 transactions with a total placement volume in Debt Corporate bonds (public / (public / private) that integrate well excess of EUR 4.0 billion since foundation in 2005 private placement) Second lien financing into their strategy ▪ Approx. -
Oral History of William H. Draper III
Oral History of William H. Draper III Interviewed by: John Hollar Recorded: April 14, 2011 Mountain View, California CHM Reference number: X6084.2011 © 2011 Computer History Museum Oral History of William H. Draper III Hollar: So Bill, here I think is the challenge. There's been a great oral history done of you at Berkeley; and then you've written your book. So there's a lot of great information about you on the record. So what I thought we would try to— Draper: That's scary. I hope I say it the same way. Hollar: Well, your version of it is on the record, that's for sure. So I wanted to cover about eight areas in the hour and a half that we have. Draper: Okay. Hollar: Which is quite a bit. But I guess that's also a way of saying—we can go into as much or as little detail as you want to. But the eight areas that I was most interested in covering are your early life and your education; your early career—and with that I mean Inland Steel and meeting Pitch Johnson, and Draper, Gaither & Anderson, that section. Draper: Good. Hollar: Then Draper & Johnson—you and Pitch really getting into it together; then, of course, Sutter Hill and that very incredible fifteen-year period. Draper: Yeah, that was a good period. Hollar: A little bit of what you call "the lost decade." Draper: Okay. Hollar: Then what I call the Draper Richards Renaissance. Draper: Good. Hollar: And kind of the second chapter of venture capital for you. -
The Learning Experience the Learning Experience
School Research in US Table of Content The List of Schools 1 2 3 The Learning Children's Light House The Goodard School Experience 4 5 6 Children’s Learning Candence Education Prime Rose Schools Adventure The Learning Experience The Learning Experience Overview Location Details . School Name: The Learning Experience The school is located in 18 states with 225 centers across the US . Website: https://www.thelearningexperience.com/ . States: AZ, CA, CO, C, FL, IA, MA, MD, MI, NC, NJ, . Founder: The Weissman Family NY, OH, PA, RI, SC, TX, VA . Foundation Year: 1980 . Center Details: Read More Key Facts Tuition Fee Details . Revenue: $48.1 million . The average tuition fees in a month is $860 . 210% increase in 5 year system-wide revenue growth Capacity . 45.5% compounded 5 year annual revenue growth . 300+ corporate partners who refer their employees to The Learning Experience . The average licensed capacity in each center ranged . 170+ centers open and operating between 200-300 . 35+ centers opening annually . The Learning Experience at Warren, NJ has licensed capacity of 255. Read More Why The Learning Experience? . Focus on programs that advance scholastic preparation . Prepares children academically and socially via innovative scholastic and enrichment programs such as the L.E.A.P. curriculum . Organizes advance learning programs, such as philanthropy, Yippee 4 Yoga™, Music 4 Me®, Movin' N Groovin'®, manners and etiquette, and foreign language The Learning Experience – Business Model and Competition Business Model Overview . The school operates in both franchise and company Business Units 250 owned setup model. However, majority of the business is 198 200 running through franchise model. -
DENVER CAPITAL MATRIX Funding Sources for Entrepreneurs and Small Business
DENVER CAPITAL MATRIX Funding sources for entrepreneurs and small business. Introduction The Denver Office of Economic Development is pleased to release this fifth annual edition of the Denver Capital Matrix. This publication is designed as a tool to assist business owners and entrepreneurs with discovering the myriad of capital sources in and around the Mile High City. As a strategic initiative of the Denver Office of Economic Development’s JumpStart strategic plan, the Denver Capital Matrix provides a comprehensive directory of financing Definitions sources, from traditional bank lending, to venture capital firms, private Venture Capital – Venture capital is capital provided by investors to small businesses and start-up firms that demonstrate possible high- equity firms, angel investors, mezzanine sources and more. growth opportunities. Venture capital investments have a potential for considerable loss or profit and are generally designated for new and Small businesses provide the greatest opportunity for job creation speculative enterprises that seek to generate a return through a potential today. Yet, a lack of needed financing often prevents businesses from initial public offering or sale of the company. implementing expansion plans and adding payroll. Through this updated resource, we’re striving to help connect businesses to start-up Angel Investor – An angel investor is a high net worth individual active in and expansion capital so that they can thrive in Denver. venture financing, typically participating at an early stage of growth. Private Equity – Private equity is an individual or consortium of investors and funds that make investments directly into private companies or initiate buyouts of public companies. Private equity is ownership in private companies that is not listed or traded on public exchanges. -
Q2 2013 Preqin Private Equity Benchmarks: All Private Equity Benchmark Report
Preqin Private Equity Benchmarks: All Private Equity Benchmark Report As of 30th June 2013 alternative assets. intelligent data. Preqin Private Equity Benchmarks: All Private Equity Benchmark Report As of 30th June 2013 Report Produced on 12th March 2014 This publication is not included in the CLA Licence so you must not copy any portion of it without the permission of the publisher. All rights reserved. The entire contents of the report are the Copyright of Preqin Ltd. No part of this publication or any information contained in it may be copied, transmitted by any electronic means, or stored in any electronic or other data storage medium, or printed or published in any document, report or publication, without the express prior written approval of Preqin Ltd. The information presented in the report is for information purposes only and does not constitute and should not be construed as a solicitation or other offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction, or as advice of any nature whatsoever. If the reader seeks advice rather than information then he should seek an independent fi nancial advisor and hereby agrees that he will not hold Preqin Ltd. responsible in law or equity for any decisions of whatever nature the reader makes or refrains from making following its use of the report. While reasonable efforts have been used to obtain information from sources that are believed to be accurate, and to confi rm the accuracy of such information wherever possible, Preqin Ltd. Does not make any representation or warranty that the information or opinions contained in the report are accurate, reliable, up-to-date or complete. -
Alternative, Absolute Return, and Equity Commitments
THE UNIVERSITY OF MICHIGAN REGENTS COMMUNICATION ITEM FOR INFORMATION Subject: Alternative, Absolute Return, and Equity Commitments Background and Summary: Under a May 1994 Request for Action, the University may commit to follow on investments in a new fund sponsored by a previously approved partnership provided the fund has the same investment strategy and core investment personnel as the prior fund. Pursuant to that policy, this item reports on the University's follow-on investments with the previously approved partnerships listed below. Alternative Asset Commitments EQT VIII, L.P., a private equity fund headquartered in Stockholm, Sweden, will make controlling equity investments in medium to large sized companies based in Northern Europe, primarily in Denmark, Finland, Norway, Sweden and Germany. A minority portion of investments is also expected to be made in companies that are U.S.-based. EQT invests in a wide range of industries and targets situations where it has a specific industrial angle. Investments will focus on leading, high-quality companies that can be used as platforms to develop local businesses into global leaders. EQT is differentiated from its competitors by its network of senior industrialists who work with EQT at various stages of investment, helping the team identify opportunities, evaluate company operations and management, and implement growth strategies. In December 2017 the University committed €55 million (- U.S. $64 million) to EQT VIII, LP. Silversmith Capital Partners 11-A, L.P., a Boston, MA, based private equity fund, which will invest in private, lower middle market, rapidly growing and profitable technology and healthcare companies. The fund will focus on opportunities in the growth space positioned between late stage venture capital and large scale private equity. -
Proptech 3.0: the Future of Real Estate
University of Oxford Research PropTech 3.0: the future of real estate PROPTECH 3.0: THE FUTURE OF REAL ESTATE WWW.SBS.OXFORD.EDU PROPTECH 3.0: THE FUTURE OF REAL ESTATE PropTech 3.0: the future of real estate Right now, thousands of extremely clever people backed by billions of dollars of often expert investment are working very hard to change the way real estate is traded, used and operated. It would be surprising, to say the least, if this burst of activity – let’s call it PropTech 2.0 - does not lead to some significant change. No doubt many PropTech firms will fail and a lot of money will be lost, but there will be some very successful survivors who will in time have a radical impact on what has been a slow-moving, conservative industry. How, and where, will this happen? Underlying this huge capitalist and social endeavour is a clash of generations. Many of the startups are driven by, and aimed at, millennials, but they often look to babyboomers for money - and sometimes for advice. PropTech 2.0 is also engineering a much-needed boost to property market diversity. Unlike many traditional real estate businesses, PropTech is attracting a diversified pool of talent that has a strong female component, representation from different regions of the world and entrepreneurs from a highly diverse career and education background. Given the difference in background between the establishment and the drivers of the PropTech wave, it is not surprising that there is some disagreement about the level of disruption that PropTech 2.0 will create. -
A Look at How Five of the Biggest Tech Companies Probe New Terrain
THEMIDDLEMARKET.COM MARCH 2020 A look at how fi ve of the biggest tech companies probe new terrain through early-stage investments CV1_MAJ0320.indd 1 2/24/20 4:16 PM Gain way. We designed our M&A Escrow experience to be a straight line from start to finish. With our comprehensive Deal Dashboard, streamlined KYC and account opening, and high-touch service through a single point of contact, try a better way on your next deal. Learn more at srsacquiom.com 0C2_MAJ0320 2 2/24/2020 11:54:58 AM Contents March 2020 | VOL. 55 | NO. 3 Cover Story 16 Fresh Terrain A look at how five of the biggest tech companies explore new territory through early-stage investments. Features 24 Viral impact How the coronavirus is affecting M&A and private equity. 27 Top investment banks Houlihan Lokey leads list based on volume of PE-backed U.S. deals 30 Top private equity firms Audax ranks first in U.S. deals. Private Equity Perspective 14 Record year for fundraising Blackstone’s $26 billion fund marked the largest buyout fund ever raised. The Buyside 15 Taking a new path XPO Logistics is selling assets and has Watercooler hired a new CFO to lead the process. 6 10 Guest article Climate change draws PE Future of auto 33 KKR raises first global impact fund to BorgWarner acquires Delphi to Women on board target clean water. position for auto industry shift. Gender diversity on corporate boards is good for performance and for 8 12 shareholders. Protecting businesses Why investors like steaks Advent and Crosspoint buy Smith & Wollensky owner purchases cybersecurity firm Forescout. -
The Handbook of Financing Growth
ffirs.qxd 2/15/05 12:30 PM Page iii The Handbook of Financing Growth Strategies and Capital Structure KENNETH H. MARKS LARRY E. ROBBINS GONZALO FERNÁNDEZ JOHN P. FUNKHOUSER John Wiley & Sons, Inc. ffirs.qxd 2/15/05 12:30 PM Page b ffirs.qxd 2/15/05 12:30 PM Page a Additional Praise For The Handbook of Financing Growth “The authors have compiled a practical guide addressing capital formation of emerging growth and middle-market companies. This handbook is a valuable resource for bankers, accountants, lawyers, and other advisers serving entrepreneurs.” Alfred R. Berkeley Former President, Nasdaq Stock Market “Not sleeping nights worrying about where the capital needed to finance your ambitious growth opportunities is going to come from? Well, here is your answer. This is an outstanding guide to the essential planning, analy- sis, and execution to get the job done successfully. Marks et al. have cre- ated a valuable addition to the literature by laying out the process and providing practical real-world examples. This book is destined to find its way onto the shelves of many businesspeople and should be a valuable ad- dition for students and faculty within the curricula of MBA programs. Read it! It just might save your company’s life.” Dr. William K. Harper President, Arthur D. Little School of Management (Retired) Director, Harper Brush Works and TxF Products “Full of good, realistic, practical advice on the art of raising money and on the unusual people who inhabit the American financial landscape. It is also full of information, gives appropriate warnings, and arises from a strong ethical sense.