A monthly email providing news from the world of private equity.
Notable Notes
"If you are working on something that you really care about, you don't have to be pushed. The vision pulls you." - Steve Jobs
"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” - Milton Friedman
Buyout Dry Powder Rises
The amount of dry powder that the buyout industry has at its disposal fell in 2021 for the first time since 2012. That trend, however, is not looking like it will continue. According to industry tracker Preqin, the buyout industry as of June 1...
Tracy Britt Cool spent a decade working closely with the renowned investor. She is now applying those lessons to her own firm. "I'm not building a Berkshire 2.0," Tracy Britt Cool said of Kanbrick. Credit... Madeline Cass for The New York Times...
Workers and employers moved away from the coasts to the middle of country and Florida, sparking swifter recoveries there. Red states have added 341,000 jobs since February 2020, while blue states were still short 1.3 million jobs as of May.
Inflation topping 9%. Skidding stock markets. Sharply rising interest rates. After the private equity (PE) industry's past 18 months of record-breaking performance, the next 18 are shaping up to be considerably more challenging. Our crystal ball...
Falling valuations in public and private markets have put added pressure on the pace of private equity exits, which slowed in Q2 2022 for the second consecutive quarter. PE firms chose to hold on to portfolio companies longer, instead of selling...
Texas' economic dominance continues, ranks No. 1 in U.S. ...
AUSTIN - Texas, the ninth largest economy in the world according to Gross Domestic Product (GDP), saw a 10.1% increase in the annual rate growth of real GDP in the last quarter of 2021 - compared to the national average...
