Top 5 Private Business & Investment Articles of the Week is a weekly series on the Axial blog which highlights the best articles from around the web on buying, selling, and building successful private businesses. If you have a great article you’d like us to consider, send it our way: firstname.lastname@example.org
For a successful exit, the best plan is to choose an exit strategy early and work towards it over a period of several years.
As the ‘wall of debt’ issued during the credit boom of 2006-2007 starts to mature in 2011, the question remains as to how companies will manage to either repay or refinance their obligations. Meanwhile, distressed investors stand at the ready.
Author: John Jannarone
The valuation of Harrah’s Entertainment has plummeted from its pre-recession high, but its private equity investors have shrewdly managed to escape the carnage and leave creditors holding the bag.
Author: Gillian Wee
In the latest sign of a continuing trend, Princeton University plans to cut in half the number of its endowment’s relationships with private equity managers.
Author: David Carey
Following the announcement of KKR’s impending absorption of Goldman’s proprietary trading desk, there’s been a lot of talk about private equity firms’ diversification.
Author David Carey outlines the trend in a post this morning for TheDeal Magazine, while NYTimes DealBook notes that the evolution is occurring largely as the founders of the current group of mega-funds are nearing retirement age and more intrigued by the possibilities of going public.
For his part, Carlyle co-founder David M. Rubenstein predicts in a separate piece for the Times that all major private equity players will “develop into broader alternative asset management houses” within five years’ time.