The Milken Global Conference is an annual gathering of leaders from the business and finance industry, government and education sector where they discuss various issues, formulate and present policy initiatives and solution to the issues discussed.
The event is sponsored by Milken Institute, a nonprofit, nonpartisan think tank that aims to increase global prosperity by advancing collaborative solutions that will expand access to capital, create jobs and improve health.
One of the highlights of its 2012 conference in Los Angeles includes a discussion about the mid-market private equity (PE) where CEOs of various PE firms were invited as guest panelists and resource speakers. They include: James Gordon, Founder and Managing Partner of Edgewater Fund; Hovey Kemp, partner in Goodwin Procter; Brian Reynolds, Managing Partner in Chatham Capital; Ted Virtue, MidOcean Partners CEO and Barry Volpert, Managing Partner and Co-Founder of Crestview Partners.
Before the discussion, Ted Virtue, MidOcean Partner CEO, was interviewed by Bloomberg’s Stephanie Ruhle to speak on its special programming “Milken: Ideas & Action” about the private equity outlook.
During the interview, Ted Virtue outlined the strategies of his firm and the potential growth of the industry. He also presented some of the recent achievements of his firm.
Ted Virtue’s MidOcean Partners provides private equity services and offers capital resources and management guidance to middle market companies located in the United States and Europe. With a minimum of $25 million in its portfolio companies, the firm invests in a broad range of industries including financial services, business services, consumer products, media, communications, and industrial services.
At the forum, the PE leaders discussed the success of the mid-market private equity as well as the major challenges facing private equity firms in the near future. They talked about the increased competition for quality assets and the difficulty of fund-raising. The effects of SEC registration on firms and how the regulatory oversight will change the industry in the future were also discussed.
The PE leaders also presented their views on the potential activities in the consumer sector, health care and high tech industry, including the best opportunities that can be found in emerging markets.
The forum was moderated by Adam Sokoloff, Global Head of Financial Sponsors Group, Jefferies & Co. Inc.