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Blackstone sees pick-up in realizations; Bain Capital says it’s an interesting time to invest in edtech

Good morning, Hubsters.

I’m Mary Kathleen (MK) Flynn, PE Hub editor-in-chief, here in the New York newsroom, with the US edition of the Wire.

Today is a big day for us: PE Hub and PE Hub Europe have merged into a single, unified PE Hub platform, as part of our commitment to providing you with a richer, more comprehensive view of the private equity deals landscape.

It’s a win-win for our whole audience: PE Hub readers gain access to our in-depth coverage of European PE dealmaking, and PE Hub Europe readers gain access to our in-depth coverage of North American PE dealmaking.

Beginning today, you’ll receive two editions of the Wire each weekday.

First to hit your inbox is the Europe edition (formerly called Dealflow). Timed to London’s morning, the Europe edition is produced by the London newsroom and features PE deals with targets in Europe. Today’s Europe edition, was written by Craig McGlashan, PE Hub Europe editor. (Note: Some subscribers may experience a delay in that edition today.)

In both editions, you’ll find the latest PE dealmaking insights, key transactions and expert analysis from across North America and Europe.

Below, I’m highlighting a current story from each of our newsrooms. 

Exit environment

To showcase our European coverage, today we’re spotlighting our Europe Outlook series. Reporter Nina Lindholm has compiled highlights from the series to deliver insights about the exit environment from Ardian, Bain Capital, Blackstone and Oakley Capital and others.

Upgrade to the premium version for insights from the series.

Back to school

And in New York City, this week marks the beginning of a new school year.

Reporter Iris Doriban has an in-depth look at dealmaking in the education sector, which we’re featuring on PE Hub and Buyouts.

Subscribers to the premium version may read all about dealmaking in the sector.

Growing team

As Craig mentioned in the Europe edition of the Wire, our team is expanding! This week, reporter Sophie Rose came aboard, joining us from Alliance News.

We’d love to hear from you. Here’s contact info for the expanded PE Hub editorial team:

From the New York newsroom:

Mary Kathleen (MK) Flynn, editor-in-chief  – mk.flynn@pei.group

Michael Schoeck, senior reporter – michael.s@pei.group

Rafael Canton, reporter – rafael.c@pei.group

Iris Dorbian, reporter – iris.d@pei.group

John R Fischer, reporter – john.fischer@pei.group

Obey Martin Manayiti, reporter – obey.m@pei.group

From the London newsroom:

Craig McGlashan, Europe editor – craig.m@pei.group

Irien Joseph, reporter – irien.j@pei.group

Nina Lindholm, reporter – nina.l@pei.group

Sophie Rose, reporter – sophie.rose@pei.group

That’s it for today. Tomorrow, Craig will be with you for the Europe edition, and Michael will be with you for the US edition.

Happy dealmaking,

MK

Exciting news

PE Hub and PE Hub Europe have merged into a single, unified PE Hub platform, as part of our commitment to providing you with a richer, more comprehensive view of the private equity deals landscape. It’s a win-win for our whole audience: PE Hub readers gain access to our in-depth coverage of European PE dealmaking, and PE Hub Europe readers gain access to our in-depth coverage of North American PE dealmaking. simply log in to the PE Hub platform, using your PE Hub or PE Hub Europe account email address, to access the latest dealmaking insights, key transactions, and expert analysis from across both regions.

Whether you’re looking to stay on top of the market or find your next big opportunity, our richer, more comprehensive deals coverage will keep you ahead of the curve.

Reach out to subscriptions@pei.group to book a no-obligation tour of PE Hub’s newly expanded deals coverage.

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

Lexington Partners, which earlier this year established its dedicated single-asset secondaries strategy, has stepped up as the largest co-lead investor alongside Apollo S3 and CVC Secondary Partners in Gryphon Investors' deal for more time and capital for its portfolio company Vessco Water, sources told Buyouts.

Teachers’ Retirement System of Louisiana set pacing for private equity commitments at a range of $550m-$1.05bn for the next fiscal year, making up a significant portion of its overall target commitment pace of $2.5bn-$4bn. (Buyouts)

Human health specialist Flagship Pioneering has established a quartet of food value chain companies focused on improving the sector’s sustainability and now wants to move upstream. (Agri Investor)

Andrew Bellis, head of private debt at Partners Group, talks with Private Debt Investor about the complementary nature of the broadly syndicated loan and private debt markets.

Providence Equity Partners is back in the secondaries market shopping a continuation fund process for its Spain-headquartered education group Globeducate, Secondaries Investor understands.

London-headquartered manager Henderson Park’s initial US fund is part of an expansion plan several years in the making. (Private Equity Real Estate)

Ares Management announced that it has acquired Riverside Credit Solutions, an affiliated fund of the Riverside Company. Terms weren’t disclosed. (Private Debt Investor)

They said it

“Volatility extends hold periods, but activity will be driven by owners’ requirements to de-lever and rebalance portfolios, and as the cost of capital continues to come down, we can expect to see a pick-up in realizations.”

— Juergen Pinker, senior managing director, Blackstone