Private Acquirers vs Public Acquirers – Who Performs Best?

March 20, 2017

Mergers and acquisitions (M&A) are a massive component in global financial activity, amounting to perhaps $5 trillion in activity in 2015 alone.  With such a large dollar volume, some analysts (mostly academics) wonder why a large portion of studies on M&A activity show very little financial gain to the acquiring firm from their M&A activity. […]

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A Look at What Happened to Private Equity Cash Compensation in 2016

March 6, 2017

Every year Job Search Digest reviews what happened with private equity cash compensation.  Would you guess cash earnings went up or down in 2016?  What percentage of earners made more than $1 million?  How many made less than $50,000?  Here’s a look. The 2015 Picture Before going into the 2016 results (the report’s entire results […]

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Thinking About the 2017 PE Outlook – Is Re-acceleration on the Horizon?

February 20, 2017

This year is off to an interesting start.  Markets are hanging around all-time highs and the global economy looks to be re-accelerating.  Will private equity follow suit? Private equity research firm Pitchbook recently released their perspective on what 2017 has in store. Global Deal Value and Transaction Counts The 2016 year ended in a state […]

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Looking at the Top Private Equity Firms in 2016

February 7, 2017

Every year, Pitchbook – a provider of private equity dealflow data – provides a look at the top private equity firms according to various characteristics.  Here’s a review. Most Active U.S. Firms Before looking at Pitchbook’s figures, which firm would you guess comes out on top in the number of deals in 2016?  Interestingly, it’s […]

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Thinking about Carried Interest In Light of the Incoming Administration’s Tax Proposals

January 23, 2017

With the 2016 U.S. presidential election over, and tax reform at the top of the agenda, now seems like a good time to think about particular aspects of the incoming administration’s tax proposals.  One of ideas floated by the Trump administration is to tax carried interest. What is Carried Interest? Simply put, carried interest is […]

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The Income Tax Rate Probably Does Matter to Unicorns

January 10, 2017

Given that the Trump Administration plans on lowering the individual income tax rates and corporate income tax rates for pretty much all taxpayers, economists and other observers have been debating what type of effect this might have on economic growth (hint: the debate will never end). Within this vein of discussion on the overall effect of […]

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Which Cities are Winning in the Venture Capital Return Game?

December 27, 2016

If you work in the world of finance, return is everything, perhaps the only thing.  We decided to take a look at which cities are winning in the venture capital return game. If you’re like most, you might guess the San Francisco area – after all that’s where a large – very large – percentage of […]

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Who Are the Most Active VC Investing Firms and Corporate VC Investors?

December 12, 2016

It’s always interesting, every now and then, to take a look at who the top venture capital investing firms and corporations are. Top Corporate Venture Capital Investors Before taking a look at the top corporate venture capital investors according to VentureDeal, which companies would you guess would be at the top?  Would it be tech […]

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Is 6 Years the New Normal for Private Equity Holding Periods?

November 29, 2016

In an interesting new paper from a couple of young business school professors (Makiaho and Torstila (2016)), recent evidence from the European equity buyout universe suggests that the holding period of private equity investments has lengthened, from about 2.6 years in 2000 to about 6 years in 2015.  What’s behind the shift?  Is the shift […]

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With Donald Trump On Deck, Here are 3 Economic Indicators to Watch

November 14, 2016

With Donald Trump surprising many in his astonishing rise to the American presidency, now seems like a good time to review how the economy might perform in the coming first year of his presidency.  In what follows are three topics on the 2017 horizon, including the American consumer, business investment, and Federal Reserve interest rate […]

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