Backcast Partners Provides Senior Secured Debt Investment to Support the Recapitalization of The Alaska Club
Upwelling was pleased to have served as the transaction adviser to The Alaska Club and Partnership Capital Growth in the completion of a strategic debt investment by Backcast Partners Management, LLC, a leading provider of debt and equity capital for middle-market companies. Read the article here: Backcast Partners Provides Senior Secured Debt Investment to Support […]
Secondary Link: PE Secondary Market Perspectives – Joncarlo Mark of Upwelling Capital
Derek Minno (interviewer and author) — Derek has served as a GP in a domestic VC Fund; a GP in an international PE Fund, an LP in multiple PE and VC Funds, and a C-level executive in VC-backed companies. He is the President of Point Capital. Derek Minno developed a series of interviews with leading […]
Completion of Private Credit Secondary of Brightwood Capital Advisors Assets to Tikehau Capital
Upwelling Capital Group (“Upwelling”) is delighted to announce the successful completion of a secondary sale on behalf of Brightwood Capital Advisors (“Brightwood”), a private credit firm. The sale, consisting of private credit assets, was purchased by Tikehau Capital (“Tikehau”), a global alternative asset management firm, for an undisclosed amount. Upwelling was proud to serve as […]
Upwelling commentary in Bloomberg article: “Private Equity’s Slow Carnage Unleashes a Wave of Zombies”
Upwelling’s Joncarlo Mark provided commentary in Bloomberg’s article discussing the growing number of “zombie” funds: “This is the market where you could see several zombie funds emerge,” said Joncarlo Mark, founder of Upwelling Capital Group, an adviser to investors and managers on older holdings. “When things go sideways it creates a downward trajectory.” If money […]
Are LPs Missing the Boat? Examining GP-Led secondaries in the private equity market
Upwelling has released a research report on the proliferation and impact of GP-led secondaries in the private equity industry and within institutional portfolios. The report highlights the performance of Continuation Vehicles (“CVs”) over recent years and presents an analysis on the potential returns that LPs may miss by selling and not rolling into the new […]
PEI: Awards 2021 – Upwelling Participates in Selecting OpEx Award winners
In its 10th year, Private Equity Internationa’s (PEI) Operational Excellence Awards continues to receive quality submissions on successful private equity value creation case studies. This year was no exception as the panel received over 70 entries, leading to competitive selections to fill the 12 categories awarded. Awards were broken down geographically and by size. The […]
Upwelling releases updated research report re-examining the performance of Tail-End Funds
Upwelling has released an updated research report re-examining private equity performance of “Tail-End Funds” (funds operating beyond 10 years). Some of the key highlights and affirmations of the previous study include the following: Tail-end funds, on average, do not appreciate regardless of strategy $140 million – the opportunity cost of holding $1 billion in tail-end […]
Upwelling Associate shares the benefits of his UC Davis MBA experience
In a recently published blog, “Advice and Network Paved My Way to New Finance Career”, Upwelling Associate Jesse Rodriguez shares his story on how he transitioned into a new career during his time at the UC Davis Graduate School of Management. Rodriguez shares, “The GSM has always boasted a close-knit, strong alumni network, but I […]
Joncarlo Mark to Provide a Perspective on Institutional Investing in Mexico
On Tuesday, April 27, Joncarlo Mark will participate on a panel discussing institutional private equity investment strategies in Mexico. The panel is part of”CUMBRE de Capital Privado”, the largest private equity conference in Mexico which is hosted by AMEXCAP, the Mexican Private Equity and Venture Capital Association. Click on the following link to see more […]
Joncarlo Mark to lead conversations on Middle Market PE
Upwelling Founder, Joncarlo Mark, will take part as moderator in two panels during a two-day online conference on February 9 & 10 focused on the State of Middle Market Private Equity. The conference is organized by Carmo Connect and provides a quality space for industry professionals to connect and properly network. During his first panel, […]
