Mark Seigel’s Post

Key themes from this Private Equity Panel - ‘Dislocation, the predominance of Private Companies (staying private for longer) , extended opportunities for ‘value capture’ in the growth stage of Portco’s - all GREAT reasons to be investing in the PE sector. Other trends discussed - new product creation such as ‘Evergreen, Open-ended’ structures, NAV Lending (on both the GP and LP side), and the growth in retail investing attracted by simplified structures. Zhuoying Xu , Maurice Gordon , Ashmi M. , Megan Malone , David DiPietro and Pete Keliuotis at #altsny in New York today.

What did we do? Took time to understand the business, story, financials/forecasts and management to structure a deal that worked for all parties Funded £500k Distillery equipment by structuring a 5 year Asset Finance facility in conjunction with the BBB RLS scheme What did the broker do? Provided a detailed application on the business, market, management, business structure and security which created a good overall picture of all important risk aspects Understood the deal and client well and was able to answer all questions raised quickly What does the client get? Can now increase their production capacity and take on new contracts that are already in the pipeline Creates a step change in their growth journey Can now preserve cashflow for other expected costs in building the business Awesome support from Samantha Christofi Christofi in Broker Support who did a great job in coordinating the payout team, our legal team and the FX division as well as supporting the broker with some quirky documentation to ensure a smooth payout. Also great job by BrewStar Capital

A lot of #privateequity thoughts to think about here: Leonard Green & Partners (LGP)'s agreed exit of SRS Distribution Inc., a lucrative result once it reaches final close, would be a quick payout for investors in a continuation fund the firm closed at year end. That CV deal included stakes in SRS along with 3 other companies from LG's Funds VI and VII. The quick nature of this CV exit can raise concerns among some LPs about selling in a CV deal, and missing out on a more lucrative exit, esp one that comes only months after the close of the secondary. In this case, however, LG included only a portion of its stake in SRS in the secondary, with its remaining exposure through the main fund. This means cash-out LPs also retained exposure through the main fund, positioning them to reap the benefits of both processes -- distributions from the secondary, and sharing in value creation from the exit. Read more here on Buyouts: https://lnkd.in/eh8gCww2

Hargreaves Lansdown sets date for shareholders to approve £5.4bn takeover deal. Shareholders of Hargreaves Lansdown will be asked to approve the recommended final cash acquisition of HL at a meeting next month, ahead of the company’s annual general meeting in December. Check out Linus Uhlig's latest article 👇 https://incm.pub/3N1gg1C #investment #wealthmanagement #assetmanagement #finance

I'm back after vacation and you can't make this stuff up! "...management has lost day-to-day control of much of the restaurant chain’s assets and functions after the company failed to file documents to bondholders on time. …Kroll Bond Rating Agency...called the termination event the first involving a so-called whole business securitization since the Great Financial Crisis." It won't be long before this ends up in Chapter 11...Just Say'in! #fastcasual #restructuring #restaurants #chapter11

Houlihan Lokey's Sameer Shamsi is a Jedi Master of the private market secondaries trade. He discusses the increasing opportunities in GP-led secondaries as well as fundraising in 2024 and beyond. A must read! I am also curious to hear Sameer Shamsi's thoughts on the GP-led market in Asia. #secondaries #privatemarkets #privateequity #alternativeinvestments #limitedpartners #gpled #fundmanagers #advisors #asiapacific

In times of #economic volatility, investors turn to safe-haven assets. Scotch whisky casks offer stability and steady returns and are stored in HMRC-regulated bonded warehouses. With Cask Capital, you can own a piece of a tangible, inflation-resistant asset. #innovation #personalfinance

📉 Breaking news: My Philly cheesesteak might need a financial advisor. Blackstone, the private equity giant, is reportedly close to acquiring Jersey Mike’s Subs. As someone who lives for a good Philly cheesesteak, this raises important questions: 💵 What happens when PE meets provolone? 🏗️ Will my sub now come with a side of “cost optimization”? 🍅 Do we need to ration the tomatoes? Private equity is famous for “streamlining operations,” which, as history suggests, often translates to cutting corners where it hurts most—like skimping on steak slices or turning “extra cheese” into an upsell strategy. Blackstone, I know you’re all about ROI, but let me just say this: Some things are sacred, and a proper cheesesteak is one of them. Leave the thinly sliced ribeye and the joy intact, please. #SubLife #CostCutting #SaveTheSteak

Like the barb in a stingray’s tail, private equity investors are increasingly facing a sting from their investment tails.   The problem is that too much capital is locked up in aging private equity funds, with a dearth of distributions.   Why does this matter? Because it means investors continue to pay management fees on capital locked up in funds where the high quality deals have already been exited. Not only can this limit further upside but can also mean they might miss out on attractive 2024 or 2025 vintages.   What’s an investor to do? We think they should take a close look at whether selling the tail or holding makes the most sense.   Find out more by reading our latest quarterly private equity insight by Paul Newsome.   #PrivateEquity #midmarket #secondaries   https://lnkd.in/eVHmafMe

MorrisAnderson Chapter 11 Liquidation Turned into Successful Plan of Reorganization #chapter11 #liquidation #turnaroundmanagement #restructuring #litigationsupport #reorganization #agribusiness #fiduciary https://lnkd.in/e4AEaz5