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...Private equity firms are quietly preparing funds to invest exclusively in the US National Football League, according to people familiar with the matter, as a potential precondition for being allowed to hold...
...Robinson set up the firm in 2010 using cash from the sale of a stake in his previous hedge fund to Goldman Sachs months before Lehman Brothers collapsed in 2008....
...French private equity firm Ardian has agreed a near £2bn deal to sell a majority stake in UK music equipment maker Audiotonix to rival PAI Partners, in the latest example of buyout activity picking up after...
...Hedge funds are challenging private equity firms over restrictions that dictate who can lend to or buy the debt of buyout-backed companies, weighing legal action to capitalise on a surge in corporate distress...
...It has increased its lending to private equity firms, helping finance their leveraged buyouts, as it has sought to take advantage of rising volatility on Wall Street....
...longtime former partners of the hedge fund and which owned a small stake in the club before the sale....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...A person familiar with its deal said that the two private equity firms would take an equity stake of about $1bn for just over 50 per cent of the firm, with more than $900mn coming from H&F....
...Private equity firms must get into the weeds of a business. Hedge funds prefer spreadsheet calculations that they can paste into letters and PowerPoint slides....
...That makes it easier for them to invest in assets that are difficult to sell in a hurry, such as property or private equity....
...Millennium, which was founded in 1989 by Izzy Englander, has grown to become one of the most prominent multi-manager hedge funds in the world, with about $63bn in assets under management and average returns...
...sell a majority stake to private equity investors....
...London-based hedge fund VR Capital is part of a group of bondholders pushing for Ukraine’s state grid operator to be excluded from the country’s looming debt restructuring, as creditors start to take a tougher...
...One scoop to start: US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses...
...The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn....
...In 2017, Best joined Elliott as the hedge fund sought to build out a private equity strategy....
...One person with knowledge of the position said these levels were lower than Elliott’s worse-case expectations for these bonds, and the hedge fund firm believes the debt could potentially make it out of Thames...
...EY also last year rejected a proposal from US private equity group TPG to break up the firm globally and take a stake in its consulting business....
...“And where private equity firms often run into trouble is when they move outside of their zone of competency.”...
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...The US accounting firm Baker Tilly has agreed to sell a majority stake to the investment groups Hellman & Friedman and Valeas, marking the largest private equity deal to date in the sector....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...from the three firms in its network that had taken private equity money....
...Blackstone has said it will take time for private equity firms, which are sitting on record amounts of unsold assets, to return cash to investors even as the market for mergers and acquisitions comes back...
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