Privcap Audio: Private Capital Talk

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: “There are many dates happening already” between GPs and LPs on Palico, the new online community for private equity market participants, says Founder, Chairman 8 CEO Antoine Drean. In a Privcap interview, Drean tells why he believes more asset class “marriages” will culminate because of online connections, and why his company will succeed where previous internet exchanges failed. Also the head of Triago, a private equity placement agent, Drean gives his optimistic prediction for the 2013 fundraising market. Registered users of Privcap may access this 7-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: What’s driving healthcare deal flow? Three experts discuss the motivations and dynamics behind private equity deal-sourcing activity in the healthcare space. The third of a four-part Privcap thought leadership series features James Elrod, Managing Director and Co-Head of the Healthcare Group for Vestar Capital Partners, Sherrill Neff, Founding Partner of Quaker Partners, and Tammy Hill, Partner for Transaction Advisory Services at McGladrey. The first video segment is “How Risky is Healthcare Investing?” The second is “Healthcare Thesis: Two GPs Share Deal Details.” The segment also includes an expert Q8A with Hill of McGladrey, the sponsor of this series. Topics discussed in this segment include: Why some sellers are motivated by pricing to take their “chips off the table,” how public-market volatility and boardroom sentiment is leading to deal flow, and the importance of management involvement after the deal has been agreed. Registered users of Privcap may access this 15-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Having led MidOcean Partners from its days as a private equity division of Deutsche Bank, through independence and several economic cycles, CEO Ted Virtue has a deep understanding of trends in the middle-market and how to unlock the value of businesses. In an interview with Privcap, Virtue discusses why he likes the sub-$500 million deal space, why he believes the 2013 M8A market will be very active, why his firm likes “under-levered” and under-globalized brands, and the operating function at MidOcean. Registered users of Privcap may access this 5-minute, chaptered video program, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: What are the Principles for Responsible Investment and how do they relate to private equity? Rob Lake, Director of Responsible Investment at the Principles for Responsible Investment Initiative(often called the UNPRI), tackles these and other questions in an interview with Privcap. Lake details the mission of the PRI, its history with the United Nations, what the PRI’s ambitions are within the global private equity market, why private equity’s investment model offers control advantages not afforded public-market investors, how US investors have reacted when asked to become signatories, and what Lake has learned about the importance of responsible investing from other asset classes. Registered users of Privcap may access this 7-minute, chaptered video program, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Gary Crittenden, Managing Partner of Huntsman Gay Global Capital, describes the culture change he faced in moving from the CFO of a major corporation – Citi – to joining a medium-sized private equity firm. While his schedule at Citi was highly regimented, in private equity, he says: “I’m lucky if I know what I’m going to be doing at the end of this week.” Crittenden also shares the big-company skills that come in handy in a private equity setting, as well as what opportunities the downsizing of bulge-bracket Wall Street firms will mean for private capital firms. (In a separate segment found here, Crittenden describes discusses what makes his firm unique in its approach to partnering with middle-market entrepreneurs.). Registered users of Privcap may access this 5-minute, chaptered video program, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Gary Crittenden, Managing Partner of Huntsman Gay Global Capital, describes the culture change he faced in moving from the CFO of a major corporation – Citi – to joining a medium-sized private equity firm. While his schedule at Citi was highly regimented, in private equity, he says: “I’m lucky if I know what I’m going to be doing at the end of this week.” Crittenden also shares the big-company skills that come in handy in a private equity setting, as well as what opportunities the downsizing of bulge-bracket Wall Street firms will mean for private capital firms. (In a separate segment found here, Crittenden describes discusses what makes his firm unique in its approach to partnering with middle-market entrepreneurs.). Registered users of Privcap may access this 5-minute, chaptered video program, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: The interest that private equity firms have shown in pursuing credit strategies is not confined to the mega-firms. Christian Oberbeck, Managing Partner at middle-market buyout veteran Saratoga Partners, discusses his firm’s strategy with affiliate Saratoga Investment Corp., a publicly traded business development corporation (BDC) that provides debt financing to private companies. In an in-depth conversation, Oberbeck explains the appeal of credit as a strategy and the BDC as a “perpetual instrument” for participating in the credit market. He discusses potential conflicts of interest between the buyout business and lending, the appeal of SBIC status, and he analyzes what went wrong – and ultimately right – in the near-death experiences of BDCs like American Capital and Allied Capital in the wake of the financial crisis. Registered users of Privcap may access this 11-minute, chaptered video program, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Business is booming across Africa in a number of key sectors, including telecom and media, financial services and agribusiness. Our three African experts discuss private equity deal flow and investment theses in these key sectors. “Hot Spots in African Deal Flow” is the third of a three-part series on private equity in Africa includingHurley Doddy, Managing Director, Founding Partner and Co-CEO of Emerging Capital Partners,Fash Sawyerr, Director, Africa for Actis and Graham Stokoe, Associate Director, Transaction Advisory Services for Ernst 8 Young. The first segment is “Myths and Facts in African Private Equity.” The second is “The African Consumer.” Registered users of Privcap may access this 17-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: What will be the most important trends in India’s private equity market in 2013? It’s a question we asked Mayank Rastogi, a Partner in the Private Equity and Transaction Advisory Services of Ernst 8 Young India. Learn why Rastogi predicts a “year of shake-up” in India, why GPs there will be more focused on operations, and how India’s venture capital market will continue to evolve. Registered users of Privcap may access this 2-minute video program, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Many private equity and venture capital firms say they target “growth companies.” But what are growth companies, and how can an entrepreneur recognize when his or her company has reached this critical stage? Chris Masto, Senior Managing Director at FFL, Jeffrey Bunder, Global Private Equity Leader for Ernst 8 Young, and Deepak Sindwani, a Partner at Bain Capital Ventures share their expert perspectives in the first of a three part thought-leadership series called “Igniting Growth and Innovation: Private Capital and Entrepreneurs.” Topics discussed in this segment include: what are the unique attributes and “growing pains” of companies that have left the start-up stage and entered the growth stage? Why have large private equity firms been “dipping down” into the growth space lately? What will this mean for competitive dynamics in the private equity market? What value-creation opportunities do Bain Capital Ventures and FFL focus on when investing in a growth company? Also included in this segment is an expert Q8A with Bunder of Ernst 8 Young, the sponsor of this series. Registered users of Privcap may access this 13-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: You’ve shed blood, sweat and tears formulating an investment thesis. You’ve examined an industry sector from every angle until you’ve finally hit upon a winning game plan. So what’s next? You can’t just sit at your desk and wait for an opportunity to knock on your door. You have to search for companies that fit your thesis. And yet it’s rare you’ll track down a deal that matches your requirements to the letter. In this captivating conversation, leading private equity pros explain how they use an investment thesis to guide them to the best deal. And they freely admit that their investments almost never start out as a perfect match. “The deal that’s finally actionable is unlikely to be the exact one you’re looking for, but it’s the thesis that dictates where you look,” says Doug Londal, managing director at New Mountain Capital. Joining the discussion are Dan Galante, managing partner at Grant Thornton, and Richard Lawson, managing partner at Huntsman Gay Global Capital. This is a must-see program for PE professionals interested in the best practices of deal origination and deal execution. The first video in this series, “Culture of Collaborative Investing,” is availablehere. The second, “Think First, Deal Later,” is available here. The segment includes an expert Q8A with Galante of Grant Thornton, sponsor of this series. Registered users of Privcap may access the 16-minute chaptered video program, the full transcript and the audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here. It’s quick and it’s free

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: As the co-founder of The Huffington Post, Eric Hippeau has some very informed views on disruption, and he shares these with Privcap in a fascinating and wide-ranging interview. The Managing Director at Lerer Ventures gives an overview of his firm’s strategy of backing early stage companies in industries that tend to thrive in New York City. Topics discussed include: how Lerer portfolio companies like Warby Parker and Birchbox are reinventing the consumer experience, why content-based advertising is the future of media, why search-engine optimization is not as important for mobile-first companies, why the NYC venture scene is “booming,” the “maker revolution,” why social applications are reinventing workplace functions, and why it is important that banner ads can’t make you cry. Registered users of Privcap may access this 13-minute, chaptered video program, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Among the first and most important forms of value-add that a private equity firm can bring to a portfolio company is talent – more talent, better talent, upgraded talent at every level of the company. In a Privcap interview, James Dimitriou, National Practice Director for Private Equity atTatum shares boots-on-the-ground insights into the process whereby private equity firms assess their human capital needs post-acquisition, define the roles that need to be added or upgraded, and sort through potential candidates. Dimitriou also share tips on how to dislodge talented executives from their current positions and attract them over to private equity-sponsored opportunities. (Dimitriou offers expert commentary throughout Privcap's human capital thought-leadership series, including the program, "Getting the Finance Team Right." Registered users of Privcap may access this 8-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: What will be the most important trends in New York City’s vibrant start-up and venture capital scene in 2013? Privcap posed this question to James Robinson, Co-Founder and Managing Partner of RRE Ventures. Learn why Robinson remains bullish on the venture business generally, what he thinks VCs in NYC will be busy with in 2013, and what he worries about with regard to the many young people attracted to the city’s many start-ups. Registered users of Privcap may access this 4-minute video program, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick

THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Jeffrey Liu of Ernst 8 Young Capital Advisors shares his prediction that technology companies at mid-maturity (“adults or young adults”) will be targeted by private equity firms and how strategic M8A in the tech space will be more important than ever. Registered users of Privcap may access video program, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick