Palos Management Inc.’s Post

🔥 Independent sponsors (ISPs) are having a moment right now 🔥 Unlike the large majority of the alternative investment world, for deal by deal doers, the constrained fundraising environment has been a blessing.  A huge thanks to Christiaan de Lint of Headway Capital Partners , Jan Grüter of Addleshaw Goddard and Del Huse of ROYCIAN LTD for sharing their insights on this fascinating development. 👀 Check out our analysis below, including important reminders and lessons ISPs provide for traditional fund managers 👩🏫 https://lnkd.in/eZZmSckR #dealbydeal #independentsponsors #privateequity #newtricks #alignmentiseverything

I always look forward to these conferences where I can spread the mission and vision about Veteran Ventures Capital, #vetrepreneurs, and #venturecapital. Let me know if you'll be in town and we'll meet up (either before, during, or after the conference)! #veteranventures #veteranowned #vvc #nyc #PEWEmergingMangersSummit

Don't miss Achin’s panel on "Transitioning From an Emerging to an Established Fund Manager" on June 20, 2024, at 10:30am at the 24th Annual U.S. Real Estate Opportunity & Private Fund Investing Forum in Newport, Rhode Island. The panel will include discussions with industry leaders on top concerns and pain points of launching and managing funds, capital raising strategies and reporting requirements, considerations & changes to existing compliance structures, increased investor transparency, and more! #RealEstate #Funds #IMNNewport

It was great to contribute to THE LINE_'s recent article on the growth of the independent sponsor market and the attractiveness of the deal-by-deal model. https://lnkd.in/eHjtJK3m #PrivateEquity #IndependentSponsors #DealByDeal #FundlessSponsors

The #gpstakes activity in private markets continues to be active and intriguing, and this one is particularly of interest and in my favorite market for private equity. Chicago-based Linden Capital Partners are one of the best private equity fund managers in the business focused on the healthcare industry, having raised over $7 billion in capital in the 20 years since inception, and delivering exceptional realized returns consistently at the 2.5x - 3.5x MOIC, with highly supportive limited partners especially given the strong track record and consistency. If carried interest is a driver of value in GP stakes investments, Linden Capital Partners will no doubt be one of the best and proven at delivering. Partnering with Blue Owl Capital could be highly synergistic, especially as Linden Capital Partners have recently launched their Sixth flagship private equity fund targeting $4 billion+ in commitment. With Blue Owl Capital building their presence in the Middle East, and Middle East limited partners seeking and prioritizing middle market healthcare private equity, this could be quite the capital markets match! Looking forward to tracking this one further and spending more time with the Linden Capital Partners and Blue Owl Capital teams! #alternativeinvestments #privatemarkets #chicago #fundmanagers #limitedpartners #capitalmarkets #fundraising #fundmanagers #privateequity #healthcare #synergies #middlemarket #midwest

Interesting thoughts, James Heath re: the lack of VC fund managers raising Fund 2. A few thoughts on why that is: * If a fund manager raised capital during COVID, it's likely not fully deployed with the dramatic slowdown in VC check writing over the past 20 months. * M&A desert. Big downturn in M&A has prevented emerging mangers from collecting early exits. * IPO desert. Worst IPO market in decades means there are less cashed up unicorns waiting to acquire early startups for talent / tech / market. That means less liquidity for emerging VC's. * Follow-on investment desert. VC across the board has dropped off a cliff past 20 months. That means no markups. * Valuation desert. Secondary market data shows VC valuations are about 50% of what they were for during 2021 and 2022. LP's aren't going to be happy with a 50% hair cut with a first time manager. * LP's can make ~5% with close to zero risk. This means LP's are fleeing to quality vs growth. * Inflation ( WTF? ) Very few people allocating now have first hand experience with 10% inflation. Anyone else have thoughts re: what I'm missing?

Are You Raising Your Fund II? Many GPs are increasingly struggling to raise their next fund, according to PitchBook. It looks like it is even harder to raise Fund II than Fund I. ✅ Looking to raise capital for your #fund and increase the international pool of #investors? 🤝Need warm #LP introductions?   ▶ For inquiries and free consultations on how G+QUANT can assist, please contact Jasmina Ibrahimagic at jasmina@gplusquant.com       #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence #unicorn #secondaries #secondarydeals

A new month brings new vehicles and new equity raises to the market✨ Below, you will find what has been happening this month. Be sure to come back to see investor allocations and M&A activity so far for the month of February! If you are a fund manager and would like to see your capital raising and fund activity news included in our next news bulletin, please contact Ellie Fatharly at ef@propertyfundsresearch.com or drop us a message here on LinkedIn. #realestate #assetmanagement #globalrealestate #mergersandacquisitions #newfunds #equityraised #propertyinvestment #propertynews

New month, new vehicles ✨ Make sure to check out PFR's latest news bulletin for new vehicles so far in February and new equity raises! #realestate #assetmanagement #globalrealestate #mergersandacquisitions #newfunds #equityraised #propertyinvestment #propertynews

Great post by Michael Jackson that is equally relevant to CVC leaders or venture building heads that are thinking about building a venture studio. ❗ Make sure that your top management understands which goals you can contribute towards. ❗ I have seen so many conflicting targets where the C-Level was looking for innovation that has a short-term revenue/ EBIT impact, but we were talking about CVC units or Venture Studios with innovation leaders. This can only result in a disaster. The earlier you are pressing for or expecting returns, the worse your portfolio performance will be.