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Orlando Bravo, Jonathan Gray, Lori Hall-Kimm, Pam Hendrickson, Howard Marks, Scott Nuttall and David Rubenstein to speak at NEXUS 2024

Happy Presidents’ Day, Hubsters. MK Flynn here with the Wire.

Most dealmakers have today off, so I’m taking the opportunity to showcase some of our work at the Hub.

In case you missed it, we recently launched a new Dealmakers to Watch series. I’ve got a snippet from the first profile.

We’re also gearing up for PEI Group’s NEXUS 2024 summit in Orlando next month. I’ll share an update below. 

Dealmakers to watch

In the first installment of PE Hub’s new Dealmakers to Watch series, reporter Rafael Canton featured Matt Leeds, a former L Catterton investor who’s launched a new firm to back consumer products companies.

Upgrade to the premium version of the Wire to learn all about the flight that changed Leeds’ life and the path he took to found Forward Consumer Partners.

Profile worthy?

Is there someone you’d like to see profiled by PE Hub?

We’re featuring private equity professionals as they pivot to new challenges, such as moving to a new firm, launching a new firm, getting promoted to partner, launching an investment strategy, closing a significant deal or some other new endeavor.

Send me your recommendations at mk.flynn@pei.group

Come together

We’re hard at work getting ready for PEI Group’s NEXUS 2024 summit.

In Orlando on March 6 – 8, NEXUS 2024 will connect the investors responsible for more than $30 trillion of LP capital with the managers that matter to take stock of portfolios, make allocation decisions and build manager pipelines.

Some of the headliners include:  Blackstone’s Jonathan Gray, Carlyle’s David Rubenstein, KKR’s Scott Nuttall and Oaktree’s Howard Marks.

I’m looking forward to talking with Thoma Bravo co-founder Orlando Bravo about the environment for tech deals in 2024 in a Fireside Chat.

I’ll also be chairing the Dealmaking Track.

Pam Hendrickson, vice chairman and COO of the Riverside Company, recently joined the roster. Hendrickson, who also serves as chairman of the board of the American Investment Council, will be on the “The dealmaking sweet spot – Life in the lower middle market” panel, which also includes Suzanne Yoon, founder and CEO of Kinzie Capital Partners; Andi Klein, managing partner, head of Triton Smaller Mid-Cap; and Kate Faust, partner, Rockwood Equity Partners.

NEXUS also offers a rare opportunity to hear from influential LPs, including: Christopher Ailman, CIO, California State Teachers’ Retirement System (CalSTRS); Lori Hall-Kimm, senior managing director and head of global private equity, Healthcare of Ontario Pension Plan (HOOPP); and Britt Harris, acting CEO and COO, Texas Permanent School Fund.

Register here.

I can’t wait to see you there!

On that note, I’ll sign off. PE Hub Europe editor Craig McGlashan will write to you tomorrow. 

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Japan’s Sunrise Capital to spin out, rebrand this year: Private Equity International reported in 2020 that the firm was mid-way through the process of spinning out incrementally over four vintages.

Eastwood Forests acquires 92,000-acre NY forestry asset: Chief executive Alex Finkral says the firm’s Sumitomo -backed debut fund takes a broad approach to generating returns but neglecting carbon would mean 'you are probably doing your investors a disservice'. (Agri Investor)

Exit, diligence and recovery tactics for venture debt: In part six of his series on venture debt, Zack Ellison from Applied Real Intelligence delves deeper into the nuanced strategies lenders use to mitigate the risk of lending to venture-backed start-ups. (Venture Capital Journal)

SEC’s newest marketing guidance sends managers back to drawing board: ‘There’s a lot of frustration in the industry right now,’ says Goodwin partner Greg Larkin. (Private Funds CFO)

AIMCo plots transition fund manager spree with new funding pool: The Energy Transition Opportunities Pool will invest an initial C$1bn across a number of energy transition fund managers, while hoping to do direct deals in the future. (Infrastructure Investor)

Hodes Weill’s Hodes : 10% fund reserves are now ‘insufficient’. Most assets need an additional 15% to 20% in reserves to address refinancing issues, according to the advisory firm’s co-founder. (PERE)

They said it

“There’s a movie that I want to make one day about the private equity recruiting career path. If you don’t know you want to be in the hedge fund world, the private equity world or the investment banking world when you are a high school senior or college freshman, these days, you’ll just never get in. The road is closed. I wasn’t on the road, and I just happened to get lucky.”

— Matt Leeds, founder, Forward Consumer Partners, on the flight that changed the course of his career