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By 1999, CIBC Oppenheimer changed its name to CIBC Capital Markets [10] and positioned itself as CIBC's international investment bank. The CIBC Capital Markets unit suffered a net loss of C$186 million during the fourth quarter of fiscal 1998 which dragged down the performance of the parent bank's stock by almost one-third.
Each year Private Equity International publishes the PEI 300, a ranking of the largest private-equity firms by how much capital they have raised for private-equity investment in the last five years. [1] In the 2024 ranking, Blackstone Inc. retained the top spot from KKR. [2]
Lone Star was founded by John Grayken. [9] From 1993 to 1995, Mr. Grayken was chairman and CEO of Brazos Partners L.P., a joint venture between the Robert M. Bass Group and the Federal Deposit Insurance Corporation, [10] that resolved approximately 1,300 “bad bank” assets resulting from the U.S. savings and loan crisis in the early ‘90s. [11]
The following year, in 2004, Bank One sold a $1 billion portfolio of private-equity fund interests to Landmark Partners and the State of Connecticut Retirement and Trust completed the sale of a portfolio of private-equity fund interests to Coller Capital, representing one of the first secondary market sales by a US pension.
AlpInvest Partners is a global private equity asset manager with over $85 billion of assets under management as of December 31, 2024. The firm invests on behalf of more than 500 institutional investors from North America, Asia, Europe, South America and Africa.
To address these issues, a private equity fund can set up a U.S. feeder corporation known as a blocker corporation. The foreign and tax exempt investors can invest through the blocker corporation, and then they are no longer personally considered to be partners, as it is the domestic corporation that is the owner of equity in the fund.
Pacific Equity Partners is based in Deutsche Bank Place, close to Sydney Harbour Pacific Equity Partners was founded in Sydney, Australia, in 1998. [ 70 ] The founders came from the consulting and banking sectors: Rickard Gardell, Tim Sims, Simon Pillar all from Bain & Company ; and Paul McCullagh, from Salomon Brothers . [ 71 ]
As the external market conditions change following the overall business cycle, [3] so does performance of investments. Therefore, returns of 50% on investments done in good years are not directly comparable to returns of 10% done in crisis years. That is why a vintage year is taken into account. [4]