Due diligence used to be an exercise in ticking all the boxes and uncovering any deal-breaking risks. As the buyout market has become more competitive and sophisticated, however, GPs have come to demand more.
A panel of bankers and GPs met recently to discuss where ABL stands today, how its debt products are being used by private equity firms, and what its future holds.
Debt markets are evolving rapidly and banks are responding by working with institutional funds to provide finance for buyouts. A panel of bankers, investors and advisers discuss how these partnerships will work and how they can change the market.
General partners from across the buyout industry reflect on why risk can no longer be left to management teams, what impact it can have on returns if not handled properly, and what to do when things go wrong.
Real Deals recently met with a team of bankers from Baird to discuss, the value that a good workplace can generate for clients and what it takes to attract and retain young talent.
Traditionally due diligence was used to uncover deal-breaking risks. As the buyout market has matured, however, GPs are demanding much more from the process.
The buyout industry has always positioned itself as a partner that can take a company to the next stage of growth. Advisers, chairmen and GPs gather to separate myth from reality.
Lenders, borrowers and advisers gather to discuss the debt market revolution and how it has impacted pricing and terms in the lower mid-market.
Fundraising is back and firing on all cylinders. Eighteen months of rising markets have seen private equity dipping into its collective portfolio and selling everything that isn’t nailed down. That has put money back into LPs’ pockets who, short of alternative ways to make decent returns, have inevitably channeled these distributions right back into private equity. The cycle is turning once again.
Five experts discuss the latest issues to affect the fundraising market, from the AIFMD to the rise of co-investment.