Upwelling Research Highlighted in PEI Side Letter: Black Hole Fund
As continuation vehicles (“CVs”) become a mainstay of private equity, the market is responding: > LPs are more commonly participating as secondary investors.> Simultaneously, portfolio “black holes” are being left behind in legacy funds where portfolio companies have been transferred into CVs. We were pleased to see Upwelling’s research on this evolving dynamic featured in […]
Private Equity International: It’s never too early for LPs to engage with GPs on clawbacks
There are multiple ways an LP can avoid having to take the last resort route of suing GP over return of paid-out carry. It’s never too early for LPs to engage with GPs on clawbacks (privateequityinternational.com)
Upwelling Capital Group Announces Structured Liquidity Solution to Family Office
Upwelling Capital Group LLC (“Upwelling”) is pleased to announce the completion of a structured liquidity solution (“SLS”) on behalf of a family office for an undisclosed amount. The SLS was provided by Felicitas Global Partners, LLC (“Felicitas”) through its third credit secondaries fund. With the continued evolution of the secondary market, Upwelling provides comprehensive liquidity […]
Loan Note: Political outlook prevents clarity around prospects; LPs urged to tread carefully on NAV loans
Albacore finds returns outlook shrouded in uncertainty. Plus: why NAV loans have dirty connotations; and subdued mid-market debt issuance in the US. Loan Note: Political outlook prevents clarity around prospects; LPs urged to tread carefully on NAV loans (privatedebtinvestor.com)
Private Equity International Side Letter: PE’s dirtiest words
NAV loans are the dirtiest words in private equity, according to a report from Upwelling Capital. Side Letter: PE’s dirtiest words (privateequityinternational.com)
Disruption Matters Episode 5: Winning the hearts and minds: Stakeholder-driven exits.
Joncarlo Mark, shares his views with Chase Collum and Rob Kotecki of Private Equity International (PEI) in their latest podcast episode of Disruption Matters, titled ‘Winning the hearts and minds: Stakeholder-driven exits.’ The episode discusses communication among all stakeholders, including LPs, GPs, and portfolio company teams, surrounding the current market environment, potential exits and other […]
Upwelling releases updated report re-examining tail-end fund performance
2021 Research: Re-examining PE Fund Performance & Secondary Market Analysis 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 […]
Muzinich: Strategic Investment in Arbor Centers for EyeCare and Chicago Eye Institute Completed
Chicago Eye Institute (“CEI”) and Arbor Centers for EyeCare (“Arbor”), two of the leading ophthalmology practices serving the Chicago market have entered into a strategic partnership with MoonSail Capital, LLC (“MoonSail”) and Plenary Partners (“Plenary”). The parternship forms Ocular Partners, Inc. (“Ocular Partners” or the “Company”), and solidifies its place as the second largest ophthalmologist platform in […]
