Knowledge Base
PE firms, fund structures, deal analysis, and the fundamentals of institutional private equity investing.
47 articles in this category — page 3 of 4
Private equity portfolio monitoring means something different depending on which side of the table you sit on. If you're a GP running a fund, it's about managing operations and reporting to your LPs. If you're a FATFIRE individual with $2M–$10M committed across several PE funds, it's about something
The private equity deal process runs from sourcing to close in roughly 3 to 9 months, depending on deal complexity, competition, and regulatory requirements. For anyone sitting on the LP side of the table or considering a PE exit, understanding each stage, its timeline, and its financial mechanics i
An LPAC is a governance body that gives a fund's largest limited partners direct influence over how a GP manages conflicts of interest, values portfolio assets, and handles transactions where the GP's interests and LP interests diverge. For anyone committing $10M+ to a single fund, understanding how
The short answer: five to six years, on average. According to Preqin's 2024 Global Private Equity and Venture Capital Report, buyout fund holding periods have consistently averaged in that range across recent vintages. But that number masks enormous variation by strategy, geography, and market cycle
Deerfield Management is not a standard healthcare private equity firm. Founded in 1994, it operates a hybrid model that combines a long/short public equity hedge fund with private equity and venture capital, all exclusively within healthcare and life sciences. That integrated structure, sometimes ca
BlackRock private equity sits inside the world's largest asset manager, a firm with over $10 trillion in AUM as of its 2023 annual report. The private markets platform is substantial, but it operates differently from dedicated PE shops like Apollo or Blackstone. If you're evaluating it as an allocat
Equity in private companies is ownership with a catch: you cannot price it on demand, you cannot sell it freely, and the terms buried in your cap table may mean your shares are worth far less than the headline valuation suggests. For anyone with meaningful wealth already on the table, understanding
Blackstone private equity manages over $1 trillion in assets across buyout, growth equity, and opportunistic strategies. But most of what gets written about Blackstone is written for people who can't actually access its flagship funds. If you hold $5M or more in investable assets, the picture looks
TJC private equity, formally The Jordan Company, is a New York-based mid-market buyout firm founded in 1982 by Jay Jordan and David Zalaznick. With over $19 billion in assets under management and more than four decades of operational investing, TJC sits in a specific and defensible part of the marke
Private equity backed companies now sit at the center of a $8 trillion global asset class, according to Preqin's 2024 Global Private Equity Report. If you hold $5M or more in investable assets, PE is not just background noise. It is a direct allocation decision, a potential exit path for a business
The private equity stages that matter most to a serious allocator are five: fund formation and close, the investment period, the value creation hold, the harvest period, and fund liquidation. A standard fund runs 10 years, structured as roughly five years of deploying capital followed by five years
Primary vs secondary private equity represents one of the most consequential allocation decisions a $5M+ investor makes when building an alternatives portfolio. The short answer: primary funds deploy blind-pool capital into new company investments over a three-to-five-year period, while secondary fu