Bain Capital’s latest flagship fund provides some fee flexibility to investors as well as recurring opportunities to claw back their capital, while lowering the threshold at which the firm can begin collecting profits.
The Securities and Exchange Commission deemed more investors capable of “fending for themselves” in the largely unregulated world of private-equity firms, hedge funds and business startups.
Apparel retailer J.Crew Group Inc. has won approval for its plan to emerge from bankruptcy with a deal cutting its debt and handing ownership to a group of its lenders led by hedge fund Anchorage Capital Group LLC.
In a rare move, Mr. Magaziner, an elected official who leads the commission that invests for the more than $8 billion state pension system, said the pension fund won’t consider backing any future funds of the private-equity firm.
DATA & INTERACTIVES
A database for tracking commitments of capital by limited partners to private equity general partnerships. The data is updated based on reporting in WSJ Pro Private Equity.
A database for tracking private equity-backed companies buying others in the same sector. It is updated daily based on coverage in WSJ Pro Private Equity.
PEA Magazine
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Private-equity fundraising has long been something of a class system, split between those managers that can handily raise ever-larger funds each time they return to the marketing trail and everyone else. The disparity between these fundraising haves and have-nots tends to widen at times of market uncertainty and turmoil. Read about the pandemic's affect on the industry.