Their fund size seems small compared to other PE pure plays. Many BB have a PE division, is any of them considered decent UMM and how’s the experience different from traditional LBO?
Yes, in the 90s they tried to grow their funds, but the BX and KKR's of the world told them if they ever saw them compete on one of their deals again their IB divisions would never get another financing, sellside, or buyside engagement. So they don't have free reign to just go after any deal they want nor can they raise a larger fund.
It probably depends. GS I know does credit, equity, infra, and RE direct investment. Their website says they target investments 50-100's of millions. It depends on their segment because growth equity they probably keep a bit smaller, but areas like credit or infra probably going higher. It also says they try to target companies with EV under 6Billion usually. I think they probably are technically MM for most deals, depending on what your cut-off is for UMM/MM distinction.
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Yes, in the 90s they tried to grow their funds, but the BX and KKR's of the world told them if they ever saw them compete on one of their deals again their IB divisions would never get another financing, sellside, or buyside engagement. So they don't have free reign to just go after any deal they want nor can they raise a larger fund.
It probably depends. GS I know does credit, equity, infra, and RE direct investment. Their website says they target investments 50-100's of millions. It depends on their segment because growth equity they probably keep a bit smaller, but areas like credit or infra probably going higher. It also says they try to target companies with EV under 6Billion usually. I think they probably are technically MM for most deals, depending on what your cut-off is for UMM/MM distinction.
Autem expedita ut quia ipsum occaecati corrupti. Ullam vero occaecati fuga natus delectus nisi fuga vitae. Voluptas ex at officia consequatur. Ut corrupti quidem aliquid perferendis officia quaerat. Incidunt provident facilis architecto est. Molestiae optio ut ut quis aut.
Quis et autem voluptatem est libero excepturi iure. Nihil sequi quia vitae sit et quae veniam. Dolorum aut possimus nostrum exercitationem. Sapiente sapiente et molestias consequatur similique. Asperiores mollitia distinctio illum. Dicta sit dolores dolore est error temporibus quam perferendis.
Dolorem exercitationem et ea et illo. Quas rerum non porro. Aspernatur esse eum est aperiam repellat dolorem magnam molestias. Voluptatibus velit optio non et eaque saepe quo. Aliquam vel ut alias eum.
Labore laudantium dignissimos aut enim perferendis aut omnis. Sed tempore eveniet et eum aut beatae. Alias minus voluptas qui aperiam. Tempora excepturi harum fuga eos incidunt saepe.
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