If you do voluntary work, it may increase your chance of being rewarded with a title. Jon Moulton did the time, but feels like it’s being treated like a crime.
Continuation funds could change the world of exits. Plus, the risk of AI showing its ugly face
Numis have just done a poll of mid-market private equity firms in the UK. It shows some very interesting results. The compulsion felt by the need to do deals is illustrated by the odd fact that 53% of PE managers felt that private assets are more overvalued than public assets whereas their appetite for buying public assets has fallen drastically from 73% in 2022 to 14% today.
Nothing new under the Sun: how LBO firms are becoming like super large publicly owned companies
I have lived in an evolving private equity world for more than 40 years and seen an immense growth in this asset class. Far and away the largest growth has been in buyouts, with the net asset value of the buyout universe increasing more than 100 fold in the past two decades. The aggregate portfolios are well in excess of $2tn.
As private equity lawyers earn more and more, is it time for a standard set of legal documents for funds?
The Financial Times recently ran an article on the earnings of senior private equity lawyers – it seems £2m per annum is far from rare and that there are individuals making up to £20m a year.
Summer brings welcome opportunities for enjoying corporate hospitality and eavesdropping on private equity conversations
I’m writing this immediately after watching the fantastic final match where a startup dramatically defeated a late-stage operation. A great privilege to watch.
Will AI mean the end of the human touch in the private equity industry?
There is a lot in the press about the risks of artificial intelligence (AI), which is said to have the potential to lead to the extinction of humanity (one of the few accusations that mega-buyout firms have not had levelled against them).
The industry ages and its history extends accordingly. This month for a bit of fun I've provided a short quiz to test your knowledge about the early days of the industry - the idea having been triggered by meeting a very old venture capitalist on holiday.
Read Jon Moulton’s insightful analysis and comments about the markets…
Belief systems
Valuing portfolio companies has always been something of an art, but the only true valuation is on exit
Lifelong Learning
It’s the quality of professional development rather than quantity per se that will maintain or improve standards
Could, would or should?
Will recent pledges from pension funds to allocate cash to private equity achieve anything, asks Jon Moulton
Acronyms taking over the asylum
There are too many acronyms – and the impact is far from abbreviated, says Jon Moulton.
Politically exposed
If you do voluntary work, it may increase your chance of being rewarded with a title. Jon Moulton did the time, but feels like it’s being treated like a crime.
The New Rules for Board Games
There’s no simple formula for putting together the right board of directors. If only there was, says Jon Moulton
Night shift
Work-life balance has transformed the deal process. Times have changed, says Jon Moulton – but they changed earlier in his career, too
Working it out
Many of our readers have not seen a recession of the scale likely in the near future, says Jon Moulton. How much can we learn from history?
Continuation funds could change the world of exits. Plus, the risk of AI showing its ugly face
Numis have just done a poll of mid-market private equity firms in the UK. It shows some very interesting results. The compulsion felt by the need to do deals is illustrated by the odd fact that 53% of PE managers felt that private assets are more overvalued than public assets whereas their appetite for buying public assets has fallen drastically from 73% in 2022 to 14% today.
Nothing new under the Sun: how LBO firms are becoming like super large publicly owned companies
I have lived in an evolving private equity world for more than 40 years and seen an immense growth in this asset class. Far and away the largest growth has been in buyouts, with the net asset value of the buyout universe increasing more than 100 fold in the past two decades. The aggregate portfolios are well in excess of $2tn.
As private equity lawyers earn more and more, is it time for a standard set of legal documents for funds?
The Financial Times recently ran an article on the earnings of senior private equity lawyers – it seems £2m per annum is far from rare and that there are individuals making up to £20m a year.
Summer brings welcome opportunities for enjoying corporate hospitality and eavesdropping on private equity conversations
I’m writing this immediately after watching the fantastic final match where a startup dramatically defeated a late-stage operation. A great privilege to watch.
Regulations around public companies have contributed to squeezing out private investors
Generally, the UK stock markets are going backwards. The number of listed companies, full or AIM, is in long term decline.
Will AI mean the end of the human touch in the private equity industry?
There is a lot in the press about the risks of artificial intelligence (AI), which is said to have the potential to lead to the extinction of humanity (one of the few accusations that mega-buyout firms have not had levelled against them).
Jon Moulton Private Equity Pub Quiz
The industry ages and its history extends accordingly. This month for a bit of fun I've provided a short quiz to test your knowledge about the early days of the industry - the idea having been triggered by meeting a very old venture capitalist on holiday.
Good-bye Silicon Valley Bank, hello bailout
Time to be humble. Silicon Valley Bank gave many a private equity soul a harrowing few days.
Smooth-talking insiders have taken over from the gnarled old pros
Predictions about the year ahead from people in the PE industry are usually full of good news.
Mantras change but the fundamentals are the same
Over the decades you can see that some things have not changed much.