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PEGCC Releases Third Quarter Trends Report

Private equity investment volume increased for the second consecutive quarter during Q3 2013, according to the Private Equity Growth Capital Council’s quarterly Trends Report. U.S. private equity…
Legislative Priorities

Final Volcker Rule Regulations Released

Regulators issued the final Volcker Rule regulations on December 10, 2013. While the Volcker Rule will remain a significant impediment to raising capital from U.S. banking entities, the final Volcker…

Latham & Watkins: Delaware Merger Statute Facilitates Private Equity Tender Offers: New Section 251(h)

Private equity buyers will welcome new amendments to the Delaware General Corporation Law (DGCL), which became effective August 1, 2013, intended to streamline the tender offer structure for…
Legislative Priorities

Bipartisan Registration Exemption Legislation Approved by the House of Representatives

On Wednesday, December 4, the House of Representatives approved legislation (H.R. 1105) to exempt private equity investment advisers from registering with the Securities and Exchange Commission (SEC)…

KKR’s Ken Mehlman Elected New Chairman of the Private Equity Growth Capital Council

The Private Equity Growth Capital Council announced on December 19 that Ken Mehlman has been elected Chairman of the Council’s Board of Directors. Mr. Mehlman serves as a Member and Global Head of…

Stanford: The Operational Consequences of Private Equity Buyouts

A recent study conducted by Stanford Graduate School of Business assistant professor Shai Bernstein dispels the misconception that private equity is a “strip and flip” business, proving that the…

Dealbook: Labor Lauds Erstwhile Foe, for One Deal at Least

By William Alden PHILADELPHIA — The grizzled labor leaders in the audience had scarcely seen anything like it. A top private equity executive, David M. Marchick, leaned in and planted a…

Private Equity Executives Honored by Local Steelworkers Union

Carlyle Managing Director David Marchick and Philip Rinaldi, chief executive of Philadelphia Energy Solutions, were honored with “Solidarity and Appreciation Awards” at a recent steelworkers…

Philadelphia Inquirer: Union to honor 2 in management for saving refinery

By Jane M. Von Bergen Nothing unusual about the banquet menu lined up for Saturday evening’s steelworkers union awards dinner – boneless breast of chicken, linguine Alfredo for the…

PEGCC Statement Applauding House Passage of H.R. 1105

WASHINGTON, D.C. – Today, Steve Judge, President and CEO of the Private Equity Growth Capital Council made the following statement upon passage of H.R. 1105, The Small Business Capital Access and…

The Hour: Himes visits offices of laundry products company in Wilton

By MATT KIERNAN WILTON – Congressman Jim Himes visited Sun Products’ corporate offices in Wilton, a provider of household care items, on Monday to meet with company executives and address…

Public-Private Partnerships Benefit the American Economy

In a recent op-ed posted on The Hill’s Congress blog, Christopher Lee and Sean Medcalf, managing partner and associate at PEGCC member firm Highstar Capital, tout the value of public private…

The Des Moines Register: “Iowa-based private equity firms save Osceola steel plant”

In a Sunday piece, the Des Moines Register told the story of a struggling Osceola, Iowa-based steel plant, forced to cut jobs and barely keeping the lights on after falling on hard times. Thankfully,…

Private Equity Investment Rises for Second Consecutive Quarter to $87 Billion in Q3 According to PEGCC Quarterly Trends Report

Judge: “Private equity continues to be a vital source of investment capital for American businesses and a much-needed shot in the arm for the U.S. economy.” WASHINGTON, D.C. – Private equity…

PEGCC Releases Quarterly Performance Update

The PEGCC recently released its latest quarterly performance update which shows private equity returns (net of fees) outperformed the S&P 500 (including dividends) for 3-year, 5-year and 10-year…

Private Equity Returns Continue to Outpace S&P 500, According to PEGCC Quarterly Performance Update

Judge: “This report highlights the superior returns that attract limited partners to the private equity and growth capital asset class.” Washington, D.C. – The Private Equity Growth Capital…

Paul Weiss on Sun Capital ERISA Case

By Lewis R. Clayton, Robert C. Fleder and Udi Grofman Private equity funds are considering the impact of the widely-discussed Sun Capital ruling, which increases the risk that funds will be…
Pensions

Steve Judge: Why a Pension Case Will Not Change Private Equity Tax Law

In a recent column featured of the New York Times DealBook blog, PEGCC President and CEO Steve Judge provides refutes columnist Steven M. Davidoff’s flawed argument that the Sun Capital ERISA case…
Pensions

Steve Judge on Bloomberg: “Private Equity is the Best Performing Asset Class for Pension Funds.”

On October 23rd, Private Equity Growth Capital Council CEO Steve Judge appeared on Bloomberg’s Money Moves to discuss the PEGCC’s recently released pension report. “These are great results,”…
Pensions

PEGCC Releases Annual Pension Data

Private equity returns to large public pension funds continue to outperform all other asset classes over 10-year time horizons, according to new PEGCC data. The study examines 146 U.S. public…