Friday, January 18, 2013

2012 DowJones Private Equity Performance Ranking -with new v2017 stock pitch contest video

Prof. Oliver Gottschalg of HEC Paris and Dow Jones released their latest edition of the PE Performance "Fitness" Rankings Report, which analyzes 112 firms. Prof. Gottschalg explained his rankings:
"The aggregate performance score is neither an IRR-type annual return measure nor a money multiple. It can only be interpreted relative to the average aggregate performance score of all firms we analyzed: An aggregate performance score of 1 means that a given PE Firm has an aggregate performance that is one "standard deviation" above the average performance, which would position it typically at the 85th percentile, i.e. 85% of all firms would have a lower aggregate performance. Also, an aggregate performance score of 2 means that performance is twice as high as for an aggregate performance score of 1. A PE Firm with the average performance has (by design) an aggregate performance score of 0."

1. TPG Capital Score: 1.54
Total funds raised over past 10 years: $56.2bn Texas-based TPG Capital has $51.5bn of capital under management in a wide range of industries, according to its website. The firm’s performance in this ranking was boosted by returns from its Asian investment arm, TPG Newbridge, which would have ranked highly if included as a separate entity.

2. Hellman & Friedman Score: 0.97
Total funds raised over past 10 years: $20.7bn Based in San Francisco, Hellman & Friedman’s current investments include insurance software firm SSP and Wood Mackenzie, a UK oil and gas researcher.

3. Oaktree Capital Score: 0.90
Total funds raised over past 10 years: $53.6bn Based in Los Angeles, Oaktree has been involved in some of 2012’s most high-profile debt-for-equity deals. The firm, which operates as a distressed debt and turnaround specialist, has seized control of some of Europe’s most debt-laden private equity assets, including Fitness First, which was owned by BC Partners.

Saturday, January 12, 2013

Gulfstream 280 strong newcomer in super mid-size class.

 The new G280 has a new wing, engines and empennage. It's now a genuine Gulfstream performance machine with the best thrust-to-weight ratio and runway performance in the super-midsize class. And it has more tanks-full payload, 350-nm more range and better fuel efficiency than its Canadian competitor, Bombardier Challenger 300.

The G280 has more cabin volume than either the Challenger 300 or the G200, along with a lower cabin altitude and reduced cabin sound levels. Its 120-cu.-ft. aft baggage compartment is the largest in class and it's now accessible in flight because the G200's aft fuselage fuel tank has been eliminated. The G280 carries all its fuel in wing, center and belly tanks.

The new Gulfstream super midsize has a 935-cu.-ft. cabin volume, 3,600-nm range and Mach 0.80 normal cruise speed. It has more range than either the Dassault Falcon 2000S or Embraer Legacy 600. It also can fly 100+ nm farther at Mach 0.80 than the Challenger 605 ! Bombardier Challenger 300 -still at the top of the game, at $14.5 million.
Aircraft guide: Bombardier Challenger 300 from CorporateJetInvestor on Vimeo.
In the U.S., large corporations such as Exxon Mobil, FedEx, Union Pacific and The Limited, along with Eaton Corp., PNC Financial Group and XTO Energy, operate fleets of the aircraft, according to FAA registration records (Source: Fred George, BCA, Jan. 1, 2013 issue)