Private equity firms, also known on the Street as Sponsors, are facing tough times ahead. Not only tighter credit market made it more difficult for them to do deals, it is also getting harder taking their holdings public. As the result, sponsor-related LBOs and IPOs are drying up. These firms' exit opportunities, by way selling portfolio companies to strategic buyers or listing them through public offerings, have diminished.
GP Investments,
LatAm's biggest PE firm
http://www.gp.com.br/gp/index_pt.htm
Comprehensive PE Portal
http://www.pehub.com/
How to Calculate IRR?
http://www.experiglot.com/2006/08/09/how-to-calculate-an-internal-rate-of-return-irr-and-when-not-to-use-it/
http://office.microsoft.com/en-us/excel/HA011136321033.aspx
What is economic net income (Blackstone's "eps")?
Net income excluding the impact of income taxes, noncash charges related to vesting of equity-based compensation and amortization of intangible assets. One CIO admitted that the company's valuation is very complex and it is actually a concern among investors. BX shares has fallen more than 30% since IPO.
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