THE PRIVATE EQUITY NEWSLETTER
Raw Selection
De-risking executive search for your Private Equity firm and Portfolio Companies
NEWSLETTER- 7th March
What is going on in the Private Equity world this week?
B Capital closes inaugural healthcare fund
B Capital, a global multi-stage investment firm, has closed the inaugural B Capital Healthcare Fund I which, in conjunction with B Capital Growth Fund III, gives the firm over $500 million to invest in opportunities across the healthcare sector, from digital health to biotech.
The B Capital Healthcare team, led by managing director and general partner Robert Mittendorff, is focused on deploying capital to companies that are building breakthrough products and solutions shaping the future of healthcare.
The current B Capital global healthcare portfolio includes over 20 companies in the US, Asia, and Europe, spanning early venture to late growth venture, across healthtech, digital health, biotech, and medtech.?
In January 2023, B Capital announced the close of Growth Fund III and affiliated funds with aggregate capital commitments of approximately $2.1 billion. With this fund closing, B Capital’s total assets under management are approximately $6.3 billion.
Bain raises $1.9bn for new tech funds
Bain Capital Ventures (BCV), the VC arm of private equity firm Bain Capital, has closed two oversubscribed funds totalling $1.9 billion, which will focus on investments in technology startups from seed to growth stage.?
The funds, which set a new record for BCV's 20-year-old venture capital business, eclipse the $1.3 billion raised in May 2021 to invest in earlier-stage companies.
These new funds are in addition to the Bain Capital Crypto fund which was announced in April 2022 with $500 million under management.
BCV says it will use the funds to "discover and grow the most ground-breaking companies within fintech, infrastructure, apps, and commerce"
Indiana PRS makes $450m PE commitment
Indiana Public Retirement System (PRS) has allocated $450 million to two private equity vehicles, according to a report by Private Equity International – $150 million to Hellman & Friedman Capital Partners XI and $300 million to a custom fund of a vehicle managed by HarbourVest Partners.
The Hellman & Friedman buyout fund seeks to acquire mainly high-value North American and western European businesses, while HarbourVest’s separate managed account will target early-stage venture capital investments.
Indiana PRS, which has assets under management of $46.34 billion, currently has 12.5% ($5.79bn) of its 27% overall alternatives allocation committed to private equity investments.
8th March 2023?
The Private Equity Wire will be hosting the European awards of 2023
The Economist has predicted the fall of Private Equity
They believe that Private Equity may be heading for the fall due to the era of rising valuations and the end of cheap debt. The combination of inflation and slow growth has resulted in the diminishing of the option to buy out.
Thomas. H. Lee
Thomas. H. Lee, a US Private Equity billionaire, has sadly passed away at the age of 78. He?led some of the private equity industry’s most successful deals during its early rise in the 1980s and 1990s and founded Thomas H Lee Partners in 1974, a boutique investment outfit that perfected the early art of leveraged buyouts and grew to become one of the industry’s largest firms by the mid-1990s after a string of successful deals highlighted by the takeover of beverage company Snapple.The Private Equity channel and Podcast?houses our podcast recordings, PE and Portfolio advice, plus recent case studies conducted on new talent and their firm
We keep you updated on our latest podcast stars and the hot topics of Private Equity.?You can watch our podcast recordings over on our YouTube channel or tune in?on Spotify, Apple Podcasts,?and Google podcasts.
Keep?informed about what we are doing?through our LinkedIn page or change your thinking by getting stuck into an advice episode on the Private Equity channel, hosted by Alex Rawlings.?
In this episode, Chris Kenny discusses the operator-led PE investor approach and why you might be hiring the wrong talent into your portfolio
Chris is the Co-Founder and Managing Partner of L5 Capital Partners. L5 Capital Partners is a business equity firm that invests in consumer businesses. These include communications, lifestyle, and health. Chris, for the longest time, has been in the operations side of organizations, and now he sheds light on how he migrated from ops to the investor side of his career.
What You Will Learn
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We are always looking for people in the Private Equity space who have great conversations, can provide an interesting perspective, and are on top of their game.
If this sounds like you, give Alex Rawlings our podcast host, a message either on?LinkedIn?or drop him an email at [email protected]
HOW PRIVATE EQUITY FIRMS ARE UTILISING AI: THE POSITIVES AND NEGATIVES OF EMPLOYING DIGITAL
In the last few years, AI has been making huge strides in the world of technology. From self-driving cars to virtual assistants, it has become an integral part of our everyday lives, and it is only going to become more prevalent as time goes on. The rise of AI has created many opportunities for Private Equity Firms and their portfolio companies, and its potential is only just beginning to be explored.
In the last few years, AI has been making huge strides in the world of technology. From self-driving cars to virtual assistants, it has become an integral part of our everyday lives, and it is only going to become more prevalent as time goes on. The rise of AI has created many opportunities for Private Equity Firms and their portfolio companies, and its potential is only just beginning to be explored.
Private Equity firms are recognizing the power of tech to help their portfolio companies succeed. With technology, they can reduce expenses, gain a deep understanding of customers’ behavior and make more informed decisions. This way, they can keep up with their competitors in the market and stay ahead of the game. AI also has the ability to aid Private Equity firms in identifying new opportunities and making informed investments. By leveraging data analytics and machine learning, they can gain valuable insights into potential investments and develop strategies that will maximize returns on their investments.
According to a recent study performed by Intrust in 2019, ‘over 90% of private equity firms believe AI will disrupt their sector by 2024, 91% of respondents believe that AI will disrupt their sector within five years, over half (58%) think blockchain has the potential to disrupt their sector, and a third (33%) say that blockchain, AI, and robotics are already being adopted in the industry and will become more widespread in the near future.’
If we look at the reports of AI use in 2022 by the Private Funds CFO Insights Survey (2022) 50% of Private markets firms that were surveyed rated the effectiveness of advanced tech, such as AI, as medium or high for portfolio monitoring and 52% of Private markets firms rated the effectiveness of advanced tech, such as AI, as medium or high for deal due diligence. Evidently, the industry has now not only adopted AI to trial and assist but has employed it across many roles due to its performance levels and capabilities. However, there is still just less than half of those surveyed that have rated AI’s performance as satisfactory or less. The role and processes of Private Equity require human communication, and the ability to physically interact, build relationships, and connect and this is something that will never be replicated or conveyed through artificial intelligence.
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We specialize in executive search, working exclusively with lower and middle-market Private Equity firms and their Portfolio Companies across Europe and North America.
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Every episode is unique and covers both professional and personal development since we think that if you are not prospering on all fronts, it is impossible to be truly successful in life.
Therefore, we record our training each week to show you how we advance both personally and professionally and to provide you with advice on how to accomplish the same.
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