News

News (w/e 3/13/26)

Hamilton Lane: PE underperforms public markets even without the Mag 7. The 2026 Market Overview says private equity has trailed public benchmarks over one, three, and five years. The report also flags that 2025's distributions, despite being the second highest on record, still fell hundreds of billions short of normal. The next five years, Hamilton Lane says, "may reshape markets more dramatically than any recent period." One to read before your next LP meeting. BLOOMBERG

Apollo hired three managing directors. Carlyle supplied one of them.

Apollo hired three managing directors, one of them from Carlyle. Advent's head of tech strategy now works at the OpenAI venture Advent helped fund.

Advent sold its last CCC shares at $7.79. GTCR will pay $7.75.

GTCR and Elliott are paying $7.75 a share for CCC. Advent sold its final stake last November at $7.79, down from a $10 SPAC-era price.

Thoma Bravo's Proofpoint pays 53 times free cash flow for Varonis

Proofpoint will pay $49.75 a share for Varonis, 52% above the June close. The multiple is 53 times free cash flow, and the first-half cash flow fell.

EQT's fee-generating assets rose €40bn in a quarter. Coller was €34bn.

Fee-generating assets rose €40bn in the quarter. Strip out the Coller acquisition and the gain is about €6bn.

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Apollo hired three managing directors. Carlyle supplied one of them.

Advent sold its last CCC shares at $7.79. GTCR will pay $7.75.

Thoma Bravo's Proofpoint pays 53 times free cash flow for Varonis

EQT's fee-generating assets rose €40bn in a quarter. Coller was €34bn.