Committed Capital

Traditionally private market opportunities have only been available to accredited investors, but the industry is reshaping, driven by retail investors seeking alternative sources of returns and a greater emphasis on investment diversification. What are the key drivers, growth opportunities and operational implications behind this trend? Dechert’s Sabina Comis leads a discussion with Rothschild’s J...

Following a record year in healthcare M&A, headwinds have begun to blow and conditions have changed. In a special episode of Committed Capital recorded live at Dechert's Healthcare & Life Sciences Deals Conference in London, Gregory Schernecke leads a panel discussion with Charles Hoare of Stifel, Daniel Thomas of Covestus Healthcare and Sophie Pelé on the opportunities, challenges an...

Today’s private equity market is considered to be a broad and highly globalized industry, historically driven by U.S. and U.K. firms expanding into Continental Europe and Asia. Of late, a number of European PE funds have expanded into the U.S. What are some of the key drivers behind this trend?  Dechert’s Dominik Stühler leads a discussion with EQT Partners’ Eric Liu and Hg Capital’s Steve Burn-Mu...

Delaware recently reaffirmed its status as a sandbagging state, allowing buyers to bring claims against sellers for breaches of representations and warranties, despite buyers' awareness of these breaches before closing. In this Sidecar episode of Committed Capital, Dechert's Christian Matarese and Daniel Rubin discuss the arguments for and against sandbagging, new guidance from the Delaw...

The way in which senior executives and bankers communicate about deal synergies and themes can carry great weight in government merger investigations. In this Sidecar episode, Dechert's antitrust partners discuss the firm’s Boiling Point collection, which tracks government use of hot documents in merger investigations and enforcement, as well as ways in which deal makers can reduce antitrust...

The financial services sector has long been seen as an attractive area for private equity investment, and the deal activity levels we are seeing in today’s market are especially robust. What are some of the key drivers behind this trend? Dechert’s Steve Pratt leads a discussion with Alderwood Capital’s Jon Little and Estancia Capital Partners’ Takashi Moriuchi on the latest key developments and co...

A key feature of the surge in GP-led secondaries transactions – and in last year’s record breaking $130bn+ secondaries market activity as a whole – has been the rolling of portfolio company assets into continuation funds, which offer GPs more flexibility on hold periods and value creation for their LPs. In this episode, Dechert’s Thiha Tun leads a discussion with Kroll’s David Lee and Columna Capi...

The unprecedented deal activity within the private equity industry shows little signs of letting up. With record deal volumes, historically low interest rates and huge amounts of dry powder, will the scorching-hot market continue? In this special episode of Committed Capital, industry leaders from KKR and Partners Group offer their perspectives on findings from Dechert and Mergemarket’s 2022 Globa...

The U.S. FTC recently announced it would seek “prior approvals” in certain merger enforcement actions, subjecting merging parties to a veto on future deals. In our sixth Sidecar episode, Dechert antitrust partners Craig Falls and Jim Fishkin discuss how prior approvals work, when they would apply, and how they are expected to impact dealmaking strategies and risks between merging parties.

A critical feature of any co-investment is to ensure alignment with the lead sponsor. How do co-investors protect themselves from potential misalignment, and what are some other key considerations for co-investors in making their investments? Dechert’s Jonathan Kim leads a discussion with AB Private Credit Investors’ Brent Humphries, Ardian’s Patrick Kocsi and Hamilton Lane’s Demetrius Sidberry on...

The foreign direct investment review landscape around the world is evolving rapidly. In our fifth Sidecar episode, antitrust partner Clemens York and associates Marjolein De Backer and Hrishi Hari discuss how these reviews impact private equity firms, including considerations for transaction structure and timing.

What is the current state of the rep and warranty insurance market, and what are the recent developments impacting coverage, premiums and exclusions? In our fourth Sidecar episode, Dechert private equity partner Mark Evans and rep and warranty insurance experts Craig Schioppo and Emily Standen from Marsh JLT Specialty discuss how the market has evolved in response to SPACs, secondaries and other t...

The acquisition of a target is the beginning of a new long-term relationship between a management team and a fund. What are some of the opportunities and challenges that this relationship creates at the outset? In this episode, Dechert’s Bernardo Piereck leads a discussion with Graham Partners’ Tracy Burzycki and AHEAD’s Andrew Szafran on the first 100 days of a portfolio company’s ownership by it...

What’s behind the incredible demand in the PE secondaries market? In this episode, Dechert’s Dean Collins leads a discussion with Coller Capital’s Francois Aguerre and Lazard’s Nick Miles on the latest trends in the space, including the buoyancy of the fundraising market and the types of deals being originated and executed to deploy enormous amounts of dry powder. 

What should private equity industry players know about the Public Readiness and Emergency Preparedness (“PREP”) Act? In our third Sidecar episode, product liability and mass torts partner Sara Roitman and associate Monica Gorny discuss the broad liability immunity the Act provides to companies involved in COVID-19 diagnosis, treatment and prevention activities, and how it may reduce litigation ris...

How will recent EU regulatory developments and the change of U.S. administration impact ESG in asset management? In this episode, Dechert’s Mikhaelle Schiappacasse, a London-based financial services partner, leads a discussion with Planet First Partners’ Andreea Constantinescu and SilverStreet Capital’s Gary Vaughan-Smith on the latest developments in ESG investing, its role in capital raising and...

The FTC recently suspended “Early Termination” for deals that are reportable under the Hart-Scott-Rodino (HSR) Act. In our second Sidecar episode, Dechert antitrust/competition partner James Fishkin and counsel Beverly Ang discuss the suspension and its impact on private equity firms, as well as proposed changes to HSR rules that may have a long-term impact. 

With cyberattacks increasing dramatically in both frequency and sophistication over the past year, cybersecurity preparedness has become more important than ever for private equity investors, and expected by PE investors’ limited partners. In this episode, Brenda Sharton, co-chair of Dechert’s Global Privacy and Cybersecurity practice, leads a discussion with industry specialists Jessica Pizzo of...

Committed Capital Sidecar is our new, bite-sized feature which quickly covers a key development affecting the private equity industry. In this inaugural Sidecar episode, partners from Dechert’s global private equity practice discuss the administrative and compliance burdens that businesses may face with the recent passage of the U.S. Corporate Transparency Act. Aimed at preventing money laundering...

How did PE investments in life sciences and healthcare fare in 2020, and what do this year and future years have in store for those sectors? In this episode, Dechert's Robert Darwin and senior PE leaders with experience at Blue Ox Healthcare, Mid Europa Partners, TPG and GHO Capital discuss key themes and opportunities affecting private equity investment in life sciences and healthcare and ho...

After a surprising surge in Q3 2020, will private equity buyout activity remain strong in 2021? In this special episode, industry leaders from First Atlantic, H.I.G. Capital and One Equity Partners offer their perspectives on findings from Dechert and Mergemarket’s 2021 Global Private Equity Outlook report as well as the global trends likely to impact dealmaking in the year ahead, including the re...

How is the PE industry approaching deal financing in the current environment? In this episode, Dechert and guests from Ares Management, KKR and Vista Credit Partners discuss the latest trends shaping the market, including bank and non-bank lender reactions to COVID, fund portability, the finance landscape for tech and other noteworthy sectors, and where the market may be headed next.

What does it take to get deals done in the current environment? Dechert breaks it down, along with guest speakers from Cerberus Capital Management, First Atlantic Capital, and Blackstone. We discuss what types of deals took place in the early stages of the COVID-19 coronavirus pandemic, what types of deals they are doing now, and how they’re getting the deals done.

What are the biggest opportunities and challenges facing the private equity industry in the remainder of 2020? Dechert has the answers, along with guest speakers from Court Square Capital Partners, KKR, Partners Group, and Morgan Stanley Capital Partners. They break down fundraising and deployment of capital, deal structures, and debt financing, among other topics.