In The Media
Loan Note: Political outlook prevents clarity around prospects; LPs urged to tread carefully on NAV loans
Albacore finds returns outlook shrouded in uncertainty. Plus: why NAV loans have dirty connotations; and subdued mid-market debt issuance in the US. Loan Note: Political outlook prevents clarity around prospects; LPs urged to tread carefully on NAV loans (privatedebtinvestor.com)
Private Equity International Side Letter: PE’s dirtiest words
NAV loans are the dirtiest words in private equity, according to a report from Upwelling Capital. Side Letter: PE’s dirtiest words (privateequityinternational.com)
Disruption Matters Episode 5: Winning the hearts and minds: Stakeholder-driven exits.
Joncarlo Mark, shares his views with Chase Collum and Rob Kotecki of Private Equity International (PEI) in their latest podcast episode of Disruption Matters, titled ‘Winning the hearts and minds: Stakeholder-driven exits.’ The episode discusses communication among all stakeholders, including LPs, GPs, and portfolio company teams, surrounding the current market environment, potential exits and other […]
Upwelling commentary in Bloomberg article: “Private Equity’s Slow Carnage Unleashes a Wave of Zombies”
Upwelling’s Joncarlo Mark provided commentary in Bloomberg’s article discussing the growing number of “zombie” funds: “This is the market where you could see several zombie funds emerge,” said Joncarlo Mark, founder of Upwelling Capital Group, an adviser to investors and managers on older holdings. “When things go sideways it creates a downward trajectory.” If money […]
Are LPs Missing the Boat? Examining GP-Led secondaries in the private equity market
Upwelling has released a research report on the proliferation and impact of GP-led secondaries in the private equity industry and within institutional portfolios. The report highlights the performance of Continuation Vehicles (“CVs”) over recent years and presents an analysis on the potential returns that LPs may miss by selling and not rolling into the new […]
In its 10th year, Private Equity Internationa’s (PEI) Operational Excellence Awards continues to receive quality submissions on successful private equity value creation case studies. This year was no exception as the panel received over 70 entries, leading to competitive selections to fill the 12 categories awarded. Awards were broken down geographically and by size. The […]
Upwelling releases updated research report re-examining the performance of Tail-End Funds
Upwelling has released an updated research report re-examining private equity performance of “Tail-End Funds” (funds operating beyond 10 years). Some of the key highlights and affirmations of the previous study include the following: Tail-end funds, on average, do not appreciate regardless of strategy $140 million – the opportunity cost of holding $1 billion in tail-end […]
2021 Research: Re-examining PE Fund Performance & Secondary Market Analysis Upwelling has released an updated research report re-examining private equity performance of “Tail-End Funds” (funds operating beyond 10 years). Some of the key highlights and affirmations of the previous study include the following: Tail-end funds, on average, do not appreciate regardless of strategy $140 million […]
In a recently published blog, “Advice and Network Paved My Way to New Finance Career”, Upwelling Associate Jesse Rodriguez shares his story on how he transitioned into a new career during his time at the UC Davis Graduate School of Management. Rodriguez shares, “The GSM has always boasted a close-knit, strong alumni network, but I […]