(FINANCE) business entity formed to pool money provided by investors in order to buy majority stakes in existing companies. A common practice is to then "take the company private," so that it no longer has shares trading on the stock market. The company is then restructured, so that it has entirely different management practices, or a different business strategy. Afterward, the PE fund will most likely re-sell the company on the stock market in a sponsored IPO.
Private equity funds are usually limited liability partnerships (LLPs), which gives them special privileges of nondisclosure; most are organized in the State of Delaware. PEF's have sponsors, or "principals," who are responsible for organizing the fund and recruiting other investors.
Among the best-known PE funds are Blackstone Group*, Kohlberg Kravis Roberts (KKR)*, Goldman Sachs Capital Partners*, Carlyle Group, Permira, Apollo Management, Providence Equity, TPG Capital, Warburg Pincus, and Cerberus. Companies marked with an asterisk (*) are publically listed corporations; most PE funds are pivately managed. The selection above includes the largest ones by capital under management.
Private equity funds are usually limited liability partnerships (LLPs), which gives them special privileges of nondisclosure; most are organized in the State of Delaware. PEF's have sponsors, or "principals," who are responsible for organizing the fund and recruiting other investors.
Among the best-known PE funds are Blackstone Group*, Kohlberg Kravis Roberts (KKR)*, Goldman Sachs Capital Partners*, Carlyle Group, Permira, Apollo Management, Providence Equity, TPG Capital, Warburg Pincus, and Cerberus. Companies marked with an asterisk (*) are publically listed corporations; most PE funds are pivately managed. The selection above includes the largest ones by capital under management.
The private equity fund first appeared in the 1970's as a result of changes to ERISA. Institutional investors, usually pension funds, could be legal partners in an LLP; they also required a place to park assets with very high rates of return.
In the USA, PE funds have long been sinecures for the most powerful political dynasties: the Rockefellers, the Romneys, the Bushes, and others.
In the USA, PE funds have long been sinecures for the most powerful political dynasties: the Rockefellers, the Romneys, the Bushes, and others.
by Abu Yahya September 1, 2010
Get the private equity fund mug."Why do you spend so much time with that bitch? She's got a boyfriend." "Why? I'm just building up some pussy equity so I can bang her later."
by Financial Pussy Advisor January 4, 2007
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The difference between the viewing location of a TV program in real-time and the current viewing location using the pause or recording functions of a DVR.
We didn't start the show until it was about half-way over so we have about 15 minutes of DVR equity.
by telecon March 30, 2010
Get the DVR Equity mug.(noun) - an asymmetrical business arrangement, usually in employment, where the risks of loss are concentrated on the employee to ensure that the employee has guaranteed losses on any business reversals and contingent returns on any positive developments.
You have mountains of downside equity in that contract. The partners can deduct from your paycheck to make you eat the cost of delays that the partners exclusively control. They can swallow your commission if their client doesn't pay. They can even recapture from your future salary any underpayment with the negative carry-forward that they've imposed. On the whole, you're just a sharecropper with a JD.
by Frustrated_Monolingual December 1, 2010
Get the Downside equity mug.A society's responsibility that all of its citizens are digital literate in the context that digital literacy is required 21st Century skill and society is responsible for the fair, just, and equitable treatments of its citizens. An extension of H. George Fredrickson's theory of social equity (that those in public administration are making the mistake that citizen A is the same as citizen B; ignoring social and economic conditions) but applied to digital literacy. Digital social equity ensures that a sufficient commitment of digital literacy resources be distributed to groups that experience discrimination and social inequity so that all members of society are digitally literate and able to use and access the Internet as an integral component of their lives.
The U.S. National Broadband Plan recognizes the importance of digital social equity through its recommendation of closing the digital divide and the goal that all Americans have access to broadband, be digitally literate, fully participate in a digital economy, and receive the benefits of broadband enabled information and services.
by MsSage December 1, 2010
Get the digital social equity mug.When 2 or more people invest in a business venture of any kind, and one of the partners does not have enough equity to be an equal partner. The partner with less equity can gain equity by performing oral sex, until the other partner/partners are paid, in the agreed about of sucking. Hence Suck Equity
Trish and Dean bought a house together. Dean did not have enough money to be an equal partner in the house. Trish and Dean came to an agreement that Dean would perform oral sex on Trish daily for 18 months. After the agreement was fulfilled, Dean would then be an equal partner in the house. Suck Equity
by Kent Bigcannon February 27, 2018
Get the Suck Equity mug.A state in which different racial groups have equal outcomes in areas such as test scores, income, arrests, etc.
It is often confused with racial equality and equal opportunity. However, achieving equity usually involves increasing or decreasing opportunities for some groups in order to obtain equal outcomes.
It is often confused with racial equality and equal opportunity. However, achieving equity usually involves increasing or decreasing opportunities for some groups in order to obtain equal outcomes.
"The company will be introducing quotas to achieve racial equity in hiring."
"Affirmative action programs aim to promote racial equity in college admissions."
"Affirmative action programs aim to promote racial equity in college admissions."
by OkiShisa November 30, 2021
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