New Regulation in Insurance Will Crimp NY Private Equity

September 2, 2013

It’s bad enough that hedge funds are seeing their managers being chased down by law enforcement as well as civil investigators from the Securities Exchange Commission. Now the private equity side is also getting caught up in the target sites of regulators. According to the Huffington Post, New York state’s regulators are looking to tighten […]

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The Chase of the Next Big Thing: Silicon Beach

August 26, 2013

Private equity has a new home on the West Coast. The place is named Silicon Beach. This three mile stretch of the Los Angeles basin coastal area, including parts of Santa Monica down to Venice Beach, has become a hotbed of private investment in new Internet startups in the last few years. The activity has […]

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What Might Rising Interest Rates Do to Private Equity?

August 19, 2013

This straight-forward question matters because interest rates appear to be on their way up, coinciding with moderately decent private equity conditions.  Here’s what the raw empirical evidence would look like.  The figure below contains a measure of private equity conditions and the yield of the 10-year note on a monthly average basis. As is shown, […]

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Some Quarterly Industry-Level Private Equity Deal Flow

August 12, 2013

Recently, private equity research firm PitchBook and CPA firm McGladrey released their Q3 accounting of deal flow for four key industries: Business Products and Services, Consumer Products and Services, Health Care, and Information Technology. Of the four industries covered, only one – Information Technology – experienced an uptick in deal activity from the Q1 2013 […]

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What has Private Equity Employment Done this Year?

August 5, 2013

With the Labor Department recently reporting that the economy added 162K seasonally adjusted jobs, one might wonder: how many jobs has the private equity industry added so far this year, and how does the private equity industry compare to other industries? Here are the numbers.  Through the first six months of 2013, the private equity […]

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The Fundraising and Capital Overhang Reports for 1H 2013

July 29, 2013

Pitchbook recently released its fundraising and capital overhang reports for the first half of 2013.  The figures, unsurprisingly, show an industry gradually growing through the economy’s “second recovery”, although the report does provide some interesting trends.  Among those trends, three stand out: the drop in the number of first-time private equity fund launches, fund mangers […]

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The SEC Ban on General Solicitation is Gone

July 22, 2013

The U.S. Securities and Exchange Commission’s (SEC) ban on general solicitation is gone. Some might precede the recent news with a “finally,” with the SEC voting on July 10th to get rid of the unnecessary general solicitation ban on solicitation to accredited investors. The news was met with general relief and excitement, although some industry insiders […]

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What Did Private Equity Do During the First Half of 2013

July 15, 2013

Pitchbook recently released its Q3 2013 report on private equity conditions.  The report, which covers private equity activity through the first half of this year, provides some interesting insight into what is going on in the minds of individuals running private equity firms. First off, the report highlights that the second quarter of 2013 was […]

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Where Did the Private Equity Money Flow in 2012?

July 8, 2013

The Private Equity Growth Capital Council (PEGCC) recently released its estimate of private equity flow by top 20 states and congressional districts during 2012.  Where did the money flow? According to the PEGCC report, which covers over two thousand private equity investments, 2,800 U.S. based private equity firms, and $347 billion in capital flow, the […]

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Who Says Taxes Don’t Matter?

July 1, 2013

In the world of political economics, one of the more hotly debated issues is whether taxes matter for economic growth. On the one side of the debate are individuals with more common sense evidence that basically says – yes, taxes matter.  The idea that people don’t think or care about taxes, or that it doesn’t […]

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