Beyonce and Taylor Swift are hit-making return generators!

Acquisitions of pop artists’ music catalogues are proving to be quite a hit parade for private equity groups as they look to cash in on attractive royalties. Private equity and pop music seems an unlikely collaboration with the potential risk of being a ‘one hit wonder’…anyone still remember Chesney Hawkes? Firms like UK-based Hypgnosis Songs Fund are finding their Nile Rodgers groove and acquiring huge numbers of well-known songs to generate returns. They’ve just acquired Justin Timberlake’s entire catalogue for $100 million. That’s gotta be worth making a song and dance about!

inspired by Mother Jones

“I said we shouldn’t have invited the DoJ over for a game!”

We’ve all enjoyed a family evening playing Monopoly at least once in our lives, and it often ends with squabbles and vows of ‘I’m never speaking to you again!’ US buyout groups might find themselves in a similar situation as the Department of Justice’s antitrust division looks to end the high-stakes game of acquiring large corporations that have even the slightest whiff of ‘anti-competition’. The DoJ is rolling the dice on this, as it will be far from easy to enforce. But the fact it is training its sights on buyout deals could be enough to induce a PE community chest pain.

inspired by the FT

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It looks like UK private equity firms have tapped in to their ‘inner Gallic’ sensibilities. Rather than get all hot and flustered at the prospects of Brexit for their European deal making, they appear to have responded with a swift shrug of the shoulders and a perfunctory ‘Meh’. During 2021, UK general partners charged across the channel to do business with their cosy neighbours, completing some 442 deals. One wonders what all the Brexit fuss was about. Like the cigar smoke on a late summer afternoon, it seems to have evaporated like a bad memory. That good old British pragmatism is alive and well!

inspired by City AM

IPEM 2022: A global village experience for private markets

It looks like UK private equity firms have tapped in to their ‘inner Gallic’ sensibilities. Rather than get all hot and flustered at the prospects of Brexit for their European deal making, they appear to have responded with a swift shrug of the shoulders and a perfunctory ‘Meh’. During 2021, UK general partners charged across the channel to do business with their cosy neighbours, completing some 442 deals. One wonders what all the Brexit fuss was about. Like the cigar smoke on a late summer afternoon, it seems to have evaporated like a bad memory. That good old British pragmatism is alive and well!

inspired by City AM

Did somebody mention Brexit…? Thought not.

It looks like UK private equity firms have tapped in to their ‘inner Gallic’ sensibilities. Rather than get all hot and flustered at the prospects of Brexit for their European deal making, they appear to have responded with a swift shrug of the shoulders and a perfunctory ‘Meh’. During 2021, UK general partners charged across the channel to do business with their cosy neighbours, completing some 442 deals. One wonders what all the Brexit fuss was about. Like the cigar smoke on a late summer afternoon, it seems to have evaporated like a bad memory. That good old British pragmatism is alive and well!

inspired by City AM

Even this tiger can’t camouflage its wounds

Tiger Global has endured a sharp decline in 2022, wiping out 2020’s gains, as US technology companies fall prey to investor inflation fears. The hedge fund’s exposure to private companies has further compounded its losses, which will prove tough to claw back over the near term. Playing across both public and private markets can lead to roaring returns when market sentiment is high but as we are now seeing, it can also deliver a sharp bite.

inspired by Financial Times

Extended fee breaks could be just the tonic for LPs!

LPs have had such a thirst for private equity in recent years that they’ve drunk the bar dry! Some no longer have capacity to take on additional capital commitments, impelling GPs to come up with ever more creative ways to entice them into their latest buyout funds. It’s been an incredible period for PE fundraising but even the best parties fizzle out. This next period could be the most competitive yet as GPs look to out-compete their peers on the dance floor.

inspired by Bloomberg News