Features of private equity industry

As bank failures mount, regulators are looking more favorably on private equity investors that want to acquire failed institutions. The FDIC board, meeting in a public session Wednesday, is expected to ease restrictions proposed for private equity firms early last month, people familiar with the issue say.

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FDIC eases rules for private buys of failed banks

Squeezed by rising bank failures, regulators made it easier Wednesday for private investors to buy failed institutions.

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Report: Vornado mulls creating private equity fund

Office landlord Vornado Realty Trust is hoping to launch its own private equity fund to buy bargain-basement properties, according to a report published Tuesday.

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Caryle head: Asia is attractive for private equity

The global credit crunch has taken a toll on the private equity business, but it has also made Asia the most attractive region for investing, the head of one of the world's largest private investment firms said Thursday.

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Fed eyes making it easier to invest in banks

The Federal Reserve is looking into making it easier for private equity firms to invest in banks, a move that could usher new capital infusions to cash-hungry banks and help them cope with credit problems.

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U.S. pension funds contributed to the record $1.2 trillion that private-equity firms raised this decade. Three of the biggest investors, state pensions in California, Oregon and Washington, plunked down at least $53.8 billion.

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Despite the infusion of massive taxpayer funds, it's back to business as usual on Wall Street -- huge executive bonuses even at firms like Citigroup that lost fortunes on bad strategies and had to be rescued out by government; electronic trading gimmicks that make billions for ou …

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"When Yale's endowment fund was soaring, other Ivies rushed to copy the "alternative investment strategy" of chief investment officer David Swensen. Now those funds are a shadow of their former size—and it may be months before we know the full extent of the damage."

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Damon Buffini, the millionaire chairman of private equity firm Permira, gave partners in his firm a dressing down and ordered them to eat burgers – after one of them complained about the standard of food at a five star hotel.

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PIK toggle and covenant light loans result workout delays and a corresponding decreased in leverage loan recovery rates.

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Distressed media assets not attracting much interest. Is this due to industry issues or a larger symptom of the deal market?

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A summary of the deals done at the end of this cycle indicate an exercise in overleverage. Private Equity is a creature of leverage. Has the model been pertinently changed or is this a temporary setback?

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Is anyone really surprised that a federally guaranteed bankruptcy would not impact auto purchasers decision making? GM needs to go into a court supervised restructuring now and begin the process.

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Excellent article on the inevitable bankruptcy of GM. Health care costs, warranty costs, supplier financing, etc are all addressed.

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E&Y concludes that 2009 will be the year of the "strong getting stronger." The firm's report sees an opportunity for distressed investing in 2009.

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Distressed debt houses (Apollo and Cerberus) move to LBO's, create distressed debt, then move back to distressed debt focus?

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Forced debt conversions seem to be a wave of the future.

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This article suggests that the "current model" of private equity is broken (which it defines as over levered, dividend recapped, cyclical businesses). With asset values plunging, this would seem to be an ideal time to invest at the cyclical bottom.

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Bankers at Barclays Capital and Nomura Holdings Inc. say the value of deals may decline 30 percent in 2009 to about $2 trillion. Question- does this fully consider the impact of distressed M&A?

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M&A in today's credit starved market leads to some interesting considerations. 1. Stock deals are more likely, and equity is hard to value in today's market. 2. Distressed M&A is much more likely, rather than a workout due to an absence of DIP financing.

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Mervyns' collapse reveals dangerous flaws in the private equity playbook. It shows how investors with risky business plans, unrealistic financial assumptions, and competing agendas can deliver a death blow to companies that otherwise could have survived.

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GMAC LLC, the big lender co-owned by General Motors Corp.

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Have you ever used LinkedIn? This week the VC Experts analyst team is going to take an in depth look at some of the particular regulatory documents filed by this popular company.

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Getty Images, the giant image wire and archive library service, as entered into final sell-out stages with Hellman and Friedman with an agreed upon pricetag of $2.4 billion.

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Amid the tumult in the public markets, venture capital investments in U.S. startups remains very, very strong -- climbing to a six-year high of $29.4 billion in 2007.

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On Wall Street, buyout professionals are seen as the smart money. But their new shareholders are starting to look like the dumb money.

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Private equity deals (LBOs) in the $5 billion+ range used to be so common only a few months ago that they could barely get enough people to manage them: now, there are a lot of clever people updating their CVs.

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"I do like Kucinich. But the frontrunners -- Edwards now has the most progressive message across a broad spectrum ... of any leading candidate I've seen in years," Nader replied.

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