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Silversmith Capital launches with $460 million growth equity fund
Silversmith Capital Partners, a new growth equity firm launched by alumni of Bain Capital Ventures and Spectrum Equity, has closed its first fund with $460 million in capital commitments (including $10...
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Is the IPO market topping out?
Has the IPO market reached its peak? According to recent research from Renaissance Capital, initial public offerings in the U.S. look to be at an inflection point. This year, IPOs are on track to push...
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Tickets are now on sale for our San Francisco Liquidity Event!
I am pleased to announce that Fortune’s Term Sheet newsletter will be hosting its next Liquidity Event at Jillian’s in San Francisco, on Thursday, October 8. Tickets are now available at:...
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Jeb’s tax plan for private equity is a lot like Obama’s
Presidential candidate Jeb Bush has garnered a lot of attention for his recently-unveiled tax plan, which would reduce the number of individual tax brackets, reduce the corporate tax rate and cap the...
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The FBI’s top techie is headed to the private sector
Jerry Pender has spent the past three years as chief information officer and executive assistant director of the FBI, where he managed a $1.2 billion budget and oversaw “all aspects” of the Bureau’s...
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Private equity giant drops key piece of investor protection
Advent International, a $32 billion private equity firm with offices in a dozen countries, is not including a preferred return (i.e., hurdle) on its eighth flagship fund, as first reported this morning...
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Willie Nelson’s new pot brand ‘Willie’s Reserve’ just scored private equity...
Country music legend Willie Nelson has teamed up with private equity investors looking to cash in on the latest celebrity-endorsed venture in the burgeoning marijuana industry. New York-based private...
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Exclusive: Vista Equity adds pair of Bay Area investors
Jeff Wilson and Jake Hodgman have joined tech-focused private equity firm Vista Equity Partners, Fortune has learned. Wilson had spent the past 12 years with TPG Capital, where he was involved with...
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Jeb Bush’s tax plan won’t have borrowing carve-out for small biz
When Jeb Bush unveiled his tax plan earlier this month, it included an elimination of the deduction for corporate borrowing costs. Fortune has since learned that there won’t be any exceptions, even for...
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Trump and Bush are right on hedge fund taxes, but overstate its impact
Donald Trump today is releasing a tax plan that, as he previewed weeks ago, will include an increase on the investment profits earned by hedge fund managers and others of their ilk. More specifically,...
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Richard Rainwater: remembering a billionaire dealmaker
Billionaire Richard Rainwater, one of the great dealmakers of the modern business era, died on Sunday morning at his home in Fort Worth, Texas. Rainwater, 71, succumbed after a long, debilitating...
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New data suggests private equity took a summer vacation
Private equity firms deal activity slumped in the quarter ending today, according to new data from research firm PitchBook. The report shows $262.7 billion invested into 1,353 global private equity...
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First Data unveils plans for year’s largest IPO
First Data Corp., the Atlanta-based payments technology giant owned by private equity firm KKR, this morning unveiled plans for what could be the year’s largest initial public offering. First Data said...
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FanDuel investor Shamrock Capital raising $600 million
Shamrock Capital, a Los Angeles-based private equity firm focused on the media, entertainment and communications sectors, is in the midst of raising $600 million for its fourth fund, Fortune has...
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7 reasons why Whole Foods stock spiked today
Whole Foods WFM stock climbed more than 8.5% today for no particular reason. Or, in Wall Street parlance, people think it’s a takeover target. Such things usually go nowhere, and I have not yet heard...
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Blackstone Group settles with SEC over fees, will pay out $39 million
Alternative investment giant The Blackstone Group BX this morning reached a settlement with the Securities and Exchange Commission, related to some of the firm’s former private equity fee practices....
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Did Dell director hint at EMC deal back in July?
Dell Inc. and EMC are in talks for what could be the largest tech merger of all time, according to a report this evening in The Wall Street Journal. The story suggests that Dell could purchase EMC...
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Dell and EMC make their mega-merger official
Dell Inc. this morning formally announced that it has agreed to acquire network storage giant EMC Corp. EMC for approximately $67 billion. Under terms of the complex deal, EMC stockholders would...
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Silver Lake bets its future on Dell
Two years after helping to take Dell Inc. private in a $24.9 billion buyout, private equity firm Silver Lake today said that it also will participate in Dell’s pending $67 billion purchase of EMC Corp....
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Get ready for the year’s biggest IPO week
After months of sluggish IPO activity, the U.S. markets are expecting a veritable flood of new issues this week. Ten companies are expected to raise upwards of $5 billion, according to research firm...
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