Committed Capital

The U.S. Corporate Transparency Act (CTA) and its new reporting regime take effect on January 1, 2024. In this episode of Committed Capital Sidecar, private equity partners Sarah Kupferman and Greg Schernecke provide an update on its implementation. The CTA’s rules will impact corporations, LLCs, partnerships and other entities and vehicles that exist on January 1, 2024, or are created or registered to do business thereafter in the U.S.  The regime requires applicable reporting companies to report certain beneficial ownership information to FinCEN.  London private equity partner Chris Field joins the conversation to discuss the UK and EU’s respective pre-existing beneficial ownership reporting regimes and what can be gleaned from looking at these analogs to the CTA. 

The FTC has proposed a complete overhaul of filings related to the Hart-Scott-Rodino (HSR) Act. In this episode of Committed Capital Sidecar, Dechert's James Fishkin, Rani Habash and Beverly Ang discuss the key proposals likely to impact private equity firms and deal timing.

President Biden signed a highly anticipated Executive Order on August 9 to establish the foundation for a U.S. outbound investment regime. In this podcast, Dechert national security partners Jeremy Zucker, Darshak Dholakia and Hrishikesh Hari examine the Biden Administration’s proposal and related considerations for the private equity community.

Banks have reduced their lending activities to private companies of all sizes over the last 10 to 15 years and bank regulators have continued to pressure banks to remain on the sidelines in this lending market. Private credit providers have not only stepped in to fill this void, they have also significantly grown their share of the large company lending market. This explosive boom in private lending has been supported by larger fundraising vintages and expanded origination capabilities, including offering competitive lending terms compared to the bank and syndicated loan markets. What are the drivers behind this growth, and where is the market headed?

In this episode, Dechert’s Harry Pangas leads a discussion with Saratoga Investment Corp.’s Chris Oberbeck on what makes private credit attractive to borrowers, investors and money managers, and the trends that will shape it in the years to come.  

In recent months, debt financing for new acquisitions and recapitalizations has become more difficult to source. When available, it is also more expensive and subject to stringent conditions amid continued macroeconomic challenges and prolonged high interest rates. Where does PE financing stand and what does the current challenging market mean for the future deal dynamics? 

In this episode, Dechert’s Soo-ah Nah leads a discussion with Anne-Marie Peterson of Baird and Scott Grass of Main Street on the latest market trends and conditions.

Today’s distressed market faces headwinds as a result of macro uncertainty, rising inflation and increasing financing costs. What are the opportunities and challenges for private equity investors and their investment strategies in the current environment? In this episode, Dechert’s Stephen Zide leads a discussion with Kevin O'Neill of KKR and Michael Schwartz of SVPGlobal on the latest developments and considerations relating to workouts and restructurings. 

In this Sidecar episode, Philadelphia-based private equity partner Stephen Leitzell and Washington-based antitrust partner James Fishkin discuss the U.S. Department of Justice’s recent focus on enforcement of Section 8 of the Clayton Act, which prohibits the same person from serving as a director or officer of two competing corporations.

Today's private equity landscape stands in contrast to the anomalous levels of activity in 2021. Rising interest rates, a looming economic downturn and geopolitical tensions have impacted deal activity, yet fundraising and buyouts remain above pre-pandemic levels. How are dealmakers finding creative solutions and opportunities during these uncertain times? 

In this special episode of Committed Capital, industry leaders from AllianceBernstein, Eurazeo and Primavera Capital Group offer their perspectives on findings from the 2023 Global Private Equity Outlook report published by Dechert and Mergermarket, including the appetite for buy-and-build strategies, the growth of retailization, continued expansion of private credit financing and GP-led secondaries, ESG and more. 

Traditionally private market opportunities have only been available to accredited investors, but the industry is reshaping, driven by retail investors seeking alternative sources of returns and a greater emphasis on investment diversification. What are the key drivers, growth opportunities and operational implications behind this trend? Dechert’s Sabina Comis leads a discussion with Rothschild’s Jessica Sellam and KKR’s Mark Tucker on the latest developments and considerations relating to the “retail revolution” of private equity in Europe. 

Following a record year in healthcare M&A, headwinds have begun to blow and conditions have changed. In a special episode of Committed Capital recorded live at Dechert's Healthcare & Life Sciences Deals Conference in London, Gregory Schernecke leads a panel discussion with Charles Hoare of Stifel, Daniel Thomas of Covestus Healthcare and Sophie Pelé on the opportunities, challenges and trends at play for healthcare investing in a dynamic marketplace.