Remember when PE firms backed out of signed deals in droves? They looked like jerks at the time, but in retrospect, they were probably smart to avoid the overpriced, highly leveraged deals they had aggressively pursued for the past three years. Taking into account the Dow’s record breaking drops l...

For his second act, Eliot Spitzer, the former governor and attorney general of New York, is reportedly following in his father's footsteps as an investor in commercial real estate. Mr. Spizter, who resigned from his political post following a scandal involving a prostitute, has acquired a prominent ...

Digg getting into the toolbar business: Smart Rihanna going back to Chris Brown: Dumb Adam Corrolla taking his show online: Smart Andrew Baron’s analysis of why TV Studios will die : Smart Money’s diminishing returns : True We need more ass wiping businesses : True Obama’s budget i...

Interesting.  Apax Partners, the massive UK-based private equity group, has sold a 7.7% stake in its management company to a pair of sovereign wealth funds: Singapore's GIC and the Australia Future Fund. I usually hold my nose when GPs sell off equity in their firm to out...

    "It's Dr. Evil, I didn't spend six years in Evil Medical School to be called "mister," thank you very much." It's D-Day.  Your bank manager has just broken the uncomfortable news that he will no longer be your point of contact and you shoul...

Frankly, I am having a hard time being bullish because everything feels so bad. I was in the office on President's Day and watched the S&P 500 futures tick down to near-term support at 806, such that futures are indicating a 20 point decline at the open on Tuesday.  Now, it appears the...

  "I ate his kidneys with some fava beans and a nice chianti." Performance at the portfolio company continues to slip.  It has breached bank covenants three quarters straight . . . what happens next? Banks hate including an equity cure provision in their loan documents, b...

deals, Life Sciences, VC Bruce V. Bigelow wrote: During a recent discussion on the outlook in San Diego for venture funding in biotech, Sofinnova Ventures’ David Kabakoff noted that one way VCs are coping with the downturn is by broadening the syndication of their deals. That’s apparent...

The "best little whorehouse on Wall Street": Busted Manhattan madam Kristin Davis who's said to be writing a tell all book, is starting to open up. She's let the folks at 20/20 have a peek at a computerized high profile......

The 2009 edition of the SIIA Previews is playing to a gloomy investment environment this year, as highlighted in data presented in the beginning of the afternoon's session by hosts PriceWaterhouseCoopers. Kate Bluvol, Audit Partner for PWC, noted that 4Q08 saw a 26 percent drop in venture capital de...