Zombie Funds

Apocalyptic Future or Salvation? A few days ago Luisa Beltran of PE Hub asked whether and what we should call the now popular appellation “Zombie Funds”. I responded to her with the following: “Here at Semaphore we call them “clients”. No need for a pejorative...

Semaphore’s 2012 Confidence Survey

Hello, Do you expect to make more personal compensation next year than this year? Feeling more confident or less confident in the President’s Economic team? Your thoughts on Newt or Mitt? Annually we ask our readers to weigh in and share their level of confidence in...

Cash Trumps Politics

Results of Annual Semaphore PE Industry Confidence Survey It’s all about the cash. Reversing a trend, my industry colleagues seem to have the wind at their backs when it comes to their personal income and business expectations – this despite a decided lack of...

No Sand Between Our Toes 2012

But our LPs are very happy that we don’t have summer tans. This is the fifth edition of our summer blast. OK, it should be titled “Some Sand Between Our Toes”. We’ve actually had the fortune of enjoying both a busy period and a highly efficient...

Results of 6th Annual Semaphore PE Industry Confidence Survey

Confidence at All Time High Results of 6th Annual Semaphore PE Industry Confidence Survey Is irrational exuberance on the horizon? Will the Merry-Go-Round ever stop? Can the Masters of the Universe continue to rule? Notwithstanding the recent February Dow swoon the...

No Sand Between Our Toes (2014)

Why our feet are not stuck in the mud. I truly thought we might be skipping this 7th annual post – or have to retitle it “Feet Stuck in Mud”. The cycle of summer seems to start only after the kids leave school and then return. My wife Tricia used to say “summer starts...