Morning Person Lament: The Upside of the New Down

I’m a morning person. No, not the kind you are thinking. The type that goes to bed at 2:30 or 3:00 AM. You won’t find me at a power breakfast at a fancy hotel at 6:30 AM as I’ll be making breakfast for my 12 yr old daughter Celia and then jumping,...

Should GPs support the ILPA Private Equity Principles?

I have been fielding these same questions from my GP, LP and other industry colleagues: • “What do you think about the ILPA Principles?” (soft voice) • “How do you think it will affect my business?” (worried voice) • “They don’t...

Good Fortune, Dan

I think I was subscriber number 293 – certainly somewhere under one thousand. That got me the privilege of sharing a Dim Sum meal in Boston’s Chinatown with the curly haired, lightening talking, quick-fire questioning editor of what was then known as PE Week Wire. In...

A New BOSS Comes to Town

Hello, We have all had a new boss in our life. This is an announcement concerning a different sort of BOSS. We here at Semaphore are excited to let you know more about our Business Operations/Strategy Service and the addition of David Friend, M.D., MBA as part of our...

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...