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First-Time Funds Consistently Outperform Experienced Rivals

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From 2000 to 2012 debut funds delivered better median net IRRs in each year except 2004. First-time funds have consistently outperformed vehicles run by established managers according to analysis by Preqin.…

LPs say debut funds have equalled or outperformed the rest of their PE portfolios

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Commitments to new GPs’ debut PE funds are strong, with 91 per cent of LPs saying debut funds have equalled or outperformed the rest of their private equity portfolios. Three…

The Rise of the Independent Sponsor

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As we have reported many times in recent years, endowments, pensions, sovereign wealth funds, family offices and other large investors are working outside the typical private equity structure. In order…

Acquiring Companies Without Money: The Rise of Fundless Search Models

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If you’re involved in deal-making professionally, chances are you’ve encountered search funds and fundless sponsors frequently this year. Although they were virtually unknown (or incognito) just a few years ago,…