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DLJ Merchant Banking Partners
aPriori Capital Partners is a private equity investment firm focused on leveraged buyout transactions. The firm was founded as an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000. The private equity arm also manages a group of investment vehicles including Real Estate Private Equity, International Private Equity, Growth capital, Mezzanine debt, Infrastructure, Energy and Commodities Focused, fund of funds, and Secondary Investments. aPriori has offices in New York City, New York, London, Los Angeles, and Detroit. History DLJMB (named for "Donaldson, Lufkin & Jenrette Merchant Banking") was founded in 1985 to invest capital in leveraged buyouts alongside private equity firms that were Donaldson, Lufkin & Jenrette, DLJ clients, off of the bank's balance sheet as well as capital contributed by employees. In 1992, the firm raised its first institutional private equity fund (DLJ Merch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fund Of Funds
A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be "fettered", meaning that it invests only in funds managed by the same investment company, or "unfettered", meaning that it can invest in external funds run by other managers. There are different types of FOF, each investing in a different type of collective investment scheme (typically one type per FOF), for example a mutual fund FOF, a hedge fund FOF, a private-equity FOF, or an investment trust FOF. The original Fund of Funds was created by Bernie Cornfeld in 1962. It went bankrupt after being looted by Robert Vesco. Features Investing in a collective investment scheme may increase diversity compared with a small investor holding a smaller range of securities directly. Investing in a fund of funds may achieve grea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rockwood Holdings
Rockwood may refer to: Places Canada * Rockwood, Manitoba, rural municipality ** Rockwood (electoral division), former provincial electoral division * Rockwood, Winnipeg, a neighbourhood * Rockwood, the main community in Guelph/Eramosa township, Ontario ** Rockwood Conservation Area * Rockwood Institution, federal prison in Manitoba * Rockwood Village - Mississauga, a subdivision in Toronto, Ontario United States * Rockwood, California * Rockwood Museum and Park, Wilmington, Delaware, listed on the NRHP in Delaware * Rockwood, Illinois * Rockwood, Maine * Rockwood, Michigan * South Rockwood, Michigan * Rockwood, Gresham, Oregon * Rockwood, Pennsylvania * Rockwood, Tennessee * Rockwood, Texas * Rockwood, Virginia * Rockwood, Wisconsin * Rockwood Library, Portland, Oregon * Rockwood Lodge, former training facility of the Green Bay Packers * Rockwood School District, St. Louis County, Missouri * Rockwood Area School District, Somerset County, Pennsylvania ** Rockwood Are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuveen Investments
Nuveen is an American asset manager and wholly owned subsidiary of financial planning firm TIAA, itself known for its legacy focus on managing money for not-for-profit institutions such as universities and their employees. As a consequence of integration efforts over the last several years, Nuveen (or branded sub-affiliates) now manage the entirety of TIAA's own capital as well as all capital sourced from third parties. It is one of a limited number of non-sovereign money managers globally that have exceeded one trillion dollars in assets under management in recent years, and one of only a few that are not part of a larger organization offering retail or institutional banking at scale. Nuveen was founded in Chicago, Illinois, in 1898 and originally focused solely on municipal bond underwriting and investments. While its investments today span nearly all major areas of capital markets, it is known for its size and influence in domestic fixed income generally, tax advantaged municip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HealthMarkets
HealthMarkets, Inc., formerly known as UICI, is headquartered in North Richland Hills, Texas. History HealthMarkets was founded in 1983 by Ronald Jensen under United Insurance Companies, Inc. (UICI) Through its focus on the then-untapped market of self-employed workers, the company was able to grow earnings by more than double between 1984 and 1985. In 1986, UICI made its first public stock offering. In October 2004, The MEGA Life & Health Insurance Co, a subsidiary of UICI, acquired HealthMarket Inc, which was a small business insurer. Then, in 2005, a group of private equity investors headed by The Blackstone Group acquired HealthMarkets Inc, moving the company from public to private owned. The MEGA Life & Health Insurance Co. brand was officially renamed to HealthMarkets Inc to convey its new consumer focus. Between 2008 and 2010, several lawsuits were filed against HealthMarkets, Inc., resulting in the Company paying millions of dollars in settlements. The company had concea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neiman Marcus
Neiman Marcus is an American department store chain founded in 1907 in Dallas, Texas by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband Abraham Lincoln Neiman. It has been owned by Saks Global, a Corporate spin-off, spin-off of the Hudson's Bay Company, since 2024. History 1907–1949 Herbert Marcus Sr., a former buyer with Dallas' Sanger Brothers department store, had left his previous job to found a new business with his sister Carrie Marcus Neiman and her husband, Abraham Lincoln Neiman, then employees of Sanger Brothers competitor A. Harris and Co. In 1907, the trio had () from the successful sales-promotion firm they had built in Atlanta, Georgia, and two potential investments of funds. Rather than take a chance on an unknown "sugary soda pop business," the three entrepreneurs rejected the fledgling The Coca-Cola Company, Coca-Cola company and chose instead to return to Dallas to establish a retail business. For this reason, early company CE ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avista Capital Partners
Avista Capital Partners, LLP is an American private equity firm headquartered in New York City focused on growth capital and leveraged buyout investments in middle-market companies in the domestic healthcare sector. History The firm was founded in 2005 by Steven Webster, Thompson Dean and David Burgstahler, as a spinoff from Credit Suisse's private equity arm DLJ Merchant Banking Partners (Dean was head of DLJMBP). Avista's spinoff from Credit Suisse was at the same time as private equity groups from other leading investment banks were formed including JPMorgan Chase's CCMP Capital, Citigroup's Court Square Capital Partners, Deutsche Bank's MidOcean Partners, and Morgan Stanley's Metalmark Capital. In 2007, the firm closed its first fund at $2 billion. This included a commitment from predecessor Credit Suisse, whereas fellow spin-off Diamond Castle did not. Avista’s second fund closed with $1.8 billion of commitments, which was lower than its original target between $2.5 an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diamond Castle Holdings
Diamond Castle Holdings is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries including the media, healthcare, financial services, power and industrial sectors. The firm, which is based in New York City, was founded in 2004. As of 2011, the firm had raised approximately $1.9 billion since its inception. History In 2004, DLJMB co-head Larry Schloss, along with four senior members of DLJ Merchant Banking Partners, led a spinout from Credit Suisse to form a new private equity firm which would come to be known as Diamond Castle Holdings. AltAssets, September 22, 2004 In December 2006, the firm announced it had completed fundraising for a $1.85 billion private equity fund, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years (often with one- or two-year extensions). At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional (where all the investors invest with equal terms) or asymmetric (where different investors have different terms).Metrick, Andrew, and Ayako Yasuda. "The economics of private equity funds."Review of Financial Studies (2010): hhq020. A private equity fund is raised and managed by investment professionals of a specific private-equity firm (the general partner and investment advisor). Typically, a single private-equity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Firm
A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existing operating company with the end goal to make a profit on its investments. The target companies are generally privately owned entities (not publicly listed), but on rare occasions a private equity firm may purchase the majority of a publicly listed company and delist the firm after the purchase. To complete its investments, a private equity firm will raise funds from large institutional investors, family offices and others pools of Financial capital, capital (e.g. other private-equity funds) which supply the Ownership equity, equity. The money raised, often pooled into a fund, will be invested in accordance with one or more specific investment strategies including leveraged buyout, venture capital, and growth capital. Although the indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyouts
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money ( leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of the acquired company are often used as collateral for the financing, along with any equity contributed by the acquiror. While corporate acquisitions often employ leverage to finance the purchase of the target, the term "leveraged buyout" is typically only employed when the acquiror is a financial sponsor (a private equity investment firm). The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing for the acquisition and enhance returns for the private equity investor. The equity investor can increase their projected returns by employing more leverage, creating incentives to maximize the proportion of debt relative to equity (i.e., debt-to-equity ratio). While the lenders have an incentive t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
