Brian DeChesare

APRIL 5, 2023

But one possible exception lies in sovereign wealth funds (SWFs) , which are similar to funds of funds in some ways. I’ll address all these points here and cover the advantages and disadvantages of SWFs, but let’s start with the definitions and overview: What Are Sovereign Wealth Funds?

Equity 59

Equity Start-ups Private Equity Firm Banking 59

Brian DeChesare

JUNE 29, 2022

If you’re thinking about exit opportunities and can’t decide between private equity and hedge funds , activist hedge funds might be your solution. And similar to long/short equity hedge funds , they target undervalued and misunderstood companies and profit when the rest of the market catches up.

Private Equity Firm 52

Private Equity Firm Equity Banking Start-ups 52

Deal Law Wire

APRIL 19, 2021

The Recovery of Private Equity. M&A activity from private equity funds is starting to show signs of recovery following a significant drop in 2020 due to the impacts of COVID-19. On the other hand, companies that have been negatively impacted by the pandemic may also provide deal fodder for private equity funds.

Equity 40

Equity Start-ups Finance Marketability 40

Brian DeChesare

OCTOBER 18, 2023

But in capital markets, you work on just one category of deals , such as equity-related transactions (IPOs, follow-ons, convertible bonds, etc.) Note that while Leveraged Finance is technically in “capital markets,” it is closer to groups like M&A because most of the work relates to funding for acquisitions and leveraged buyouts.

Banking 59

Banking Marketability Start-ups Equity 59

Brian DeChesare

JANUARY 10, 2024

Some of these client differences relate to the distinction between private wealth management and private banking; for more on that, you should review the the private banking article. By contrast, investment banking is more about advising companies on transactions such as M&A deals , equity and debt deals , and restructuring.

Banking 59

Banking Start-ups Equity Corporate Finance 59

Brian DeChesare

JUNE 21, 2023

You’ll also see a fair number of deals in the financial sponsors group due to the many sovereign wealth funds in the region. Like the issues with sovereign wealth funds there, you’ll face a much tougher path if you’re not from the right country or you don’t have the right connections. 1,000 | Dubai: ~150 Hedge Funds: S.:

Banking 96

Banking Start-ups Finance Equity 96

Brian DeChesare

DECEMBER 7, 2022

The breadth of deals has widened over time, but you are still more likely to get equity and debt experience than in-depth M&A experience. or “Should Company A raise Debt or Equity ?”) As a major financial center, Hong Kong has plenty of private equity firms and hedge funds. HK, and China: U.S.:

Banking 52

Banking Equity Start-ups Finance 52

Reynolds Holding

JANUARY 23, 2024

billion [1] in settlement funds across the globe was the highest total in the last five years. The mega-settlements continue to drive up investor recoveries, as the top 10 largest securities settlements this year comprised $2.6 2023 delivered a banner year for investor recoveries, as the $7.9 was also up 18% from 2022.

Banking 59

Banking Private Equity Firm Alpha Compliance 59

Brian DeChesare

APRIL 10, 2024

Amidst the miserable deal environment of the past few years, there has been one bright spot: sports private equity. Over two-thirds of NBA teams have a private equity connection or investment , and all major U.S. Table Of Contents Sports Private Equity Defined Why Did Private Equity Suddenly “Get Interested” in Sports?

Equity 82

Equity Private Equity Firm Start-ups Accounting Firms 82

Cooley M&A

FEBRUARY 1, 2024

Global regulators maintaining an aggressive posture toward tech deals, particularly for mega-cap tech companies, further moderating activity. Carve out tech acquisitions also continued to be attractive to strategic and private equity buyers, with GTCR’s acquisition of a majority stake in Worldpay from FIS for up to $18.5

Equity 59

Equity Finance Marketability Start-ups 59

Brian DeChesare

MAY 17, 2023

Ever since the 2008 financial crisis, there has been massive hype about both private equity and technology. Over the past few decades, technology private equity has gone from “barely existing” to representing the largest single sector in PE by both deal value and deal count. Why Did PE Firms Start Buying Tech Companies?

Equity 64

Equity Technology Private Equity Firm Start-ups 64

Brian DeChesare

FEBRUARY 22, 2023

Sell-Side Definition: In the finance industry, “buy-side firms” raise money from institutions and wealthy individuals and invest on their behalf, profiting from management fees, performance fees, or both; “sell-side firms” earn money from commissions charged to facilitate deals and to sell, market, and trade equity, debt, and other securities.

Finance 125

Finance Marketability Banking Corporate Finance 125

Brian DeChesare

MAY 10, 2023

The basic difference is that the international bulge bracket banks tend to be stronger in M&A advisory and weaker in equity and debt capital markets. The deal types span a wide range, but equity and debt deals are more common than M&A since many companies in emerging markets are in “growth mode.” 7,200 | U.K.: 3,200 | U.K.: ~500

Banking 94

Banking Start-ups Equity Marketability 94

Brian DeChesare

APRIL 6, 2022

Consumer Retail Investment Banking Definition: In consumer retail IB, bankers advise companies in the consumer staples, consumer discretionary, and retail industries on raising debt and equity and completing mergers, acquisitions, and restructuring/bankruptcy deals. Marcato – Activist Hedge Fund Presentation.

Banking 96

Banking Start-ups Equity Marketability 96

Brian DeChesare

MAY 24, 2023

“Event-driven hedge funds” is one of the more confusing labels in finance. But the other problem is that all hedge funds are “event-driven” because they invest based on catalysts , or specific events that could change a security’s price. If this fund is right, the company’s price may increase by 50%.

Equity 64

Equity Start-ups EBITDA Banking 64

Cooley M&A

NOVEMBER 1, 2018

Mega-deals rule. Financial sponsors are helping to drive the mega-deals trend by vying with strategic acquirers for the most attractive assets, driving multiples and higher prices. The value paid for desirable targets has generally been creeping upwards. Money is no object, but good deals are increasingly hard to come by.

Technology 52

Technology Marketability Equity 52

Brian DeChesare

OCTOBER 12, 2022

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. That said, much of it is better than the junk found on generic websites about how to start a hedge fund. How Does It Work? so you can raise the required capital.

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Brian DeChesare

NOVEMBER 30, 2022

Your first thoughts reading this article might be, “Wait a minute, why are ‘private equity exit opportunities’ a topic? But despite the hype, people do leave private equity all the time, whether it’s voluntary or forced. Why Leave Private Equity? Private Equity Exit Opportunity #2: Join a Hedge Fund.

Equity 84

Equity Banking Start-ups Marketability 84

Brian DeChesare

FEBRUARY 15, 2023

However, these banks have minimal involvement in M&A , equity , and other non-debt deals, so they’re perceived as less desirable in terms of careers, compensation, and exit opportunities. Superannuation Oddities – In Australia, all employers must pay ~10-12% of each employee’s earnings into a “superannuation” (pension) fund.

Banking 90

Banking Finance Equity Start-ups 90

Brian DeChesare

APRIL 24, 2024

Diversity, Equity & Inclusion (DEI) Events – These are like the “programs” above but provide underrepresented minorities (URM) with the chance to get fast-tracked for initial interviews. If you’re targeting an informal venture capital internship , private equity internship , or search fund internship , focus on smaller, local firms.

Start-ups 59

Start-ups Banking Finance Equity 59

Brian DeChesare

JANUARY 4, 2023

Just look at the handy chart the Financial Times put together to see the horrifically bad numbers: In January 2022, everything seemed quite frothy, with mega-deals happening left and right and crypto and equity prices still at high levels. Real Estate (Equity Funds + Owned Properties): 15% [Up 5%]. Short-Term U.S.

Marketability 86

Marketability Start-ups Treasury Dividends 86

Reynolds Holding

JANUARY 9, 2023

A number of high-profile cases dominated the landscape, including Twitter and Teva in the United States, while the Steinhoff International mega-settlement commanded much of the attention overseas. In this overview, ISS Securities Class Action Services reviews the largest shareholder-related settlements of 2022. Of the top ten U.S.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

Brian DeChesare

JULY 27, 2022

Credit hedge funds might be the most consistently overlooked buy-side opportunity. Anyone who’s ever traded stocks can understand long/short equity , and even simple global macro trades are easy to explain to the average person. Types of Credit Hedge Funds. See the example above.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Cooley M&A

JANUARY 25, 2023

The year started off with a bang, with mega-deals such as Microsoft’s pending $69 billion acquisition of Activision Blizzard, Elon Musk’s $44 billion acquisition of Twitter and Broadcom’s pending $61 billion acquisition of VMware inked in quick succession. Tech M&A in 2022 was a tale of two halves. Deal volumes dropped from $531.13

Equity 52

Equity Finance Marketability Start-ups 52

Brian DeChesare

DECEMBER 14, 2022

Attending a target school makes the biggest difference if you want to work in investment banking or private equity at one of the largest firms ( bulge bracket banks or PE mega-funds ) in a major financial center. Outside of that, a better university still helps, but more so for your first job and less for future jobs.

Banking 52

Banking Finance Start-ups Corporate Finance 52

Cooley M&A

JANUARY 30, 2024

To that end, many top activists stay close to private equity firms (or even activist buyout funds) to assess targets ripe for an M&A campaign. Software companies Citrix, Zendesk and Anaplan each being sold to private equity sponsors after activist campaigns in 2022.

Market Capitalization 52

Market Capitalization Equity Marketability Total Shareholder Return 52

Brian DeChesare

MAY 25, 2022

You’ll almost always have to deal with private equity headhunters if you want to win offers at mid-sized-to-large private equity firm s. I’ll cover all those points here, but let’s start with the short version of what to know about private equity headhunters: The TL;DR About Private Equity Headhunters.

Equity 52

Equity Private Equity Firm Start-ups Banking 52

Class VI Partner

MAY 25, 2022

2021 Private Equity M&A Recap 2022 Deal Activity, Lender Environment and Outlook Conclusion. 2021 private equity deal activity was record-breaking by nearly every metric. private equity deals surpassed $1 trillion for the first time ever and marked a whopping 83% dollar-value growth rate over 2020.

Equity 52

Equity Start-ups Private Equity Firm Marketability 52

Brian DeChesare

NOVEMBER 2, 2022

The most common ones for bankers are private equity and hedge funds , but plenty go into corporate development , venture capital , growth equity , private credit , and so on. based mega-funds have a presence in London, as do the larger middle-market funds. All the U.S.-based Following the U.K.’s

Banking 75

Banking Start-ups Finance Equity 75

Brian DeChesare

JUNE 22, 2022

For example, if you work in Chicago, you’re less likely to win an offer at an NY-based private equity mega-fund. Too many NY-based candidates already compete for those roles, and most funds and headhunters don’t spend much time courting candidates in other cities. Plenty of other cities in the U.S.

Banking 89

Banking Start-ups Finance Marketability 89

Brian DeChesare

JANUARY 18, 2023

“Finance” could refer to dozens of careers: corporate finance at normal companies , credit analysis , commercial or corporate banking , private wealth management , investment banking , private equity , equity research , hedge funds , venture capital , and even roles like commercial real estate and risk management in the middle office.

Finance 119

Finance Start-ups Banking Corporate Finance 119

Brian DeChesare

JANUARY 5, 2022

Then, Xi Jinping decided to assert his rights as Eternal Emperor of China by cracking down on private companies, ranging from tech to finance to education and entertainment, and Chinese stocks entered a death spiral. Here’s what it looks like as of yesterday, with differences vs. the start of 2021 in brackets: Equities: 38% [Up 8%].

Start-ups 52

Start-ups Marketability Equity Banking 52

Benzinga

MARCH 20, 2024

The implied equity value of the combined company (the " Company ") is estimated at approximately C$129 million 2. including the Grants Mineral Belt in New Mexico, the Great Divide Basin of Wyoming, and the Uravan Mineral Belt of Colorado, while adding past production on private land to the portfolio. Mega Uranium Ltd.,

Market Capitalization 59

Market Capitalization Corporate Finance Marketability Finance 59

Cooley M&A

JANUARY 22, 2021

If 2019 was the year of life sciences mega-deals, 2020 was the year of COVID-19, as the global pandemic permeated every aspect of the dealmaking landscape, with the life sciences sector being no exception. General Trends in Life Sciences M&A. As we discussed in our “SPACs!”

Marketability 40

Marketability Equity Technology 40

Reynolds Holding

AUGUST 30, 2023

With some of the largest and most established activists sitting on record levels of committed capital, large- and mega-cap companies have become particularly attractive investment targets, hence resulting in several instances of “swarming.” Conducting extensive surveys of current and former employees, customers, suppliers and competitors.

Equity 40

Equity Dividends Total Shareholder Return Finance 40

Cooley M&A

JANUARY 25, 2024

Deal financing became more difficult and expensive, placing more emphasis on alternative funding and value creation. In addition, acquirers’ appetite for mega-deals may continue to be more suppressed, and acquirers may pivot to smaller M&A opportunities. trillion – representing a 10-year low.

Start-ups 52

Start-ups Marketability Finance Debt Financing 52

Cooley M&A

JANUARY 20, 2022

Private equity’s increased interest in life sciences , with PE buyers accounting for 47% of deal volume in the first half of 2021 , compared to a long?term A notable example was a consortium of PE funds agreeing to acquire a majority stake in Medline for $34 billion. on transactions over 2019’s mega?mergers.

Marketability 40

Marketability Start-ups Equity Technology 40