David Snow
Unlike hedge funds, private equity doesn’t have to deal with the Madoff performance question, writes David Snow.
One of the firm’s portfolio companies, Aozora Bank, is a victim in the alleged Ponzi scheme, and the chairman of another portfolio company controls a feeder entity that may have lost $1.8bn to Madoff.
The Hong Kong-based firm invested some 40% of its prior private equity fund in Korea.
The founder of a notable New York law firm has been accused of impersonating an Ontario Teachers’ Pension Plan official, reportedly in an attempt to defraud Fortress Investment Group. Dreier had reportedly been in talks with a division of Fortress Investment Group about a $50m investment in an unnamed company.
David Snow explores the idea of shorting private equity valuations.
How much confidence do LPs have in private equity? They’re begging GPs to slash valuations and scrambling to throw more cash at the asset class, writes David Snow.
David Snow has some ideas for the US government, now the largest private equity firm in the world.
Every PIPE is different, but today's disasters bear an important resemblance to the tech PIPEs of yesteryear, writes David Snow.
David Snow mulls what private equity could do on the way to 2018.
The firm that Stephen Schwarzman and Peter Peterson left in 1985 has crumbled to a roughly $3bn market capitalisation, versus Blackstone’s $4bn.