Spindletop is Latest Family-Backed Firm to Poach PE Talent


Mark Selinger assessed the increase in family-backed investment firms hiring investment professionals from private equity firms, saying that the trend of direct investments has become more prevalent since the financial crisis. “When 2008 came along, limited partners ran into issues of getting their money out. And that created some frustration, coupled with the slowdown in returns in some of the private equity funds,” Mr. Selinger noted. Read the full article