Happy Thursday!
We have news today that GPs are eyeing the exits scrambling to sell assets before year-end amid fears of tax increases under the Democratic-controlled Congress. However, deal activity is so frenetic some advisers are telling clients to just hold off until next year.
“I have heard people being told that after Labor Day, don’t even think about selling or starting a fund – it is way too busy right now and you will have a hard time being seen – we are advising you wait until first or second quarter of next year,” said a panelist at our PartnerConnect East event this week in New York. Read it here on PE Hub.
Also, Robert Covington, a partner with RedBird Capital Partners, left in August to form Braemont Capital, which has secured just over $300 million, Kirk writes. RedBird’s founder and managing partner, Gerry Cardinale, was supportive of Covington’s plans, he said. Read the full story here on Buyouts for details.
That’s it for today! Hit me up with tips n’ gossip, feedback or The Drama at cwitkowsky@buyoutsinsider.com or find me on LinkedIn.
Read the full wire commentary on PE Hub...
