Friday, November 10, 2006

New blog is the "hub" for private equity

PEHub is the latest blog to enter the Web 2.0 world of financial news coverage. The blog is focused on private equity, LBOs, etc. Check it out: Here is the press coverage.

By the way, one of the editors for pehub, which is run by Thomson Financial, is Dan Primack. Primack runs PE Week Wire, a daily email that a lot of executives at PE firms follow.


At 2:46 AM, Anonymous Anonymous said...

The world of Los Angeles private equity funds is a fairly rarefied world. The vast majority of these funds are organized as limited partnerships (LP) where the investors are principally institutional investors such as pension funds, banks, and high net worth individuals.The general partner (GP) identifies the opportunity, calls money from its lLP's (also called a drawdown or takedown) up to the amount committed and can do so at any point until the fund is liquidated. When an investment is liquidated, the GP distributes proceeds to the LP's in kind or in cash. The compensation from LPs to GP's consists of a management fee, plus a fraction of the profits called the carried interest.


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