Wharton Private Equity & Venture Capital Conference
Investing with Vigilance: Adapting and Thriving in a New Normal Environment
Friday, February 1, 2013 - Hyatt at the Bellevue Philadelphia
Media
If you are interested in attending the conference as a member of the press, please contact pevc-conf-2013-marketing@wharton.upenn.edu
“We’re seeing a shift towards global institutions investing in and through our funds,“ explains Sam Oh, a partner at Apollo Global Management LLC, at the 18th annual Wharton Private Equity and Venture Capital Conference. Oh, who spoke on a leveraged buyout panel at the conference, goes on to say, “We are seeing much bigger LPs coming into the space that previously weren't even around, say, 10 years ago.” This evolving global playing field, along with “larger pools of capital concentrated in fewer hands,” will lead to “more customized, tailored programs for some of these larger LPs, which is really what the market demands,” he adds. — Sarah Hashim-Waris
Source: The Deal Pipeline
“Value creation is implicated at every stage of a private equity investment,” says Mark Thierfelder, a partner at law firm Dechert LLP. The Deal Pipeline catches up with Thierfelder at the 18th annual Wharton Private Equity & Venture Capital Conference, where he moderated a panel on strategies to improve portfolio company performance. For more Wharton interviews, watch “Graham Partners' Morin on what LPs want.” — Sarah Hashim-Waris
Source: The Deal Pipeline
“People were incredibly positive about how strong the middle market has been over the last year or two,” reflects Henry Nassau, a partner in law firm Dechert LLP's corporate and securities group. Nassau moderated a panel discussion at the 18th annual Wharton Private Equity and Venture Capital Conference on strategies to differentiate in a crowded middle market. He discusses exits, megafunds, the boost in available credit and where midmarket private equity firms are looking to invest. For more Wharton interviews, watch “Morgan Creek’s Yusko: PE fundraising ‘hard’ right now,” “Graham Partners’ Morin on what LPs want” and “Apollo’s Sam Oh on evolving GP-LP relationship.” — Sarah Hashim-Waris
Source: The Deal Pipeline
“I’m glad we’re not out there right now,” says Christina Morin, managing principal at Graham Partners, when asked about the current landscape of private equity fundraising. “The funds that are achieving success,” she adds, “are those that are either large and have institutional profiles ... and boutique firms that have deep domain expertise, an established track record and a solid team.” Morin, who spoke on a panel about the perspectives of limited partners at the 18th annual Wharton Private Equity & Venture Capital Conference, goes on to say that upcoming regulation will lead to added scrutiny for PE firms. For more Wharton interviews, check out “Apollo’s Sam Oh on evolving GP-LP relationship” and “Morgan Creek’s Yusko: PE fundraising ‘hard’ right now.” — Sarah Hashim-Waris
Source: The Deal Pipeline
”Hard” is the word Mark Yusko, chief executive officer and chief investment officer of Morgan Creek Capital Management LLC, uses to describe the current private equity fundraising landscape. The Deal Pipeline caught up with Yusko at the 18th annual Wharton Private Equity & Venture Capital Conference, where he spoke on a panel covering the perspectives of limited partners. Yusko links market uncertainty with cold feet and discusses “the denominator effect.” For more Wharton interviews, check out “Apollo’s Sam Oh on evolving GP-LP relationship.” — Sarah Hashim-Waris
Source: The Deal Pipeline
