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...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...Venture capitalists are under increasing pressure to return capital to their own backers — institutional investors, foundations and pension funds, known as limited partners [LPs] — as it has become more...
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...Now a group of former partners has lawyered up to challenge the terms....
...With a shareholder vote set for April 3, Disney faces proxy fights with Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting the company’s share...
...Somebody is buying RuneScape again: Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry...
...Instead, it filed in the Southern District of New York, claiming that venue by virtue of the fact that the non-equity general partner in some of its entities partnerships was a New York corporation....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
Deal between buyout group and Esken ends months of wrangling over future of Southend airport
...David Trujillo, another partner at TPG, summed up the pitch to accountants and others they are trying to lure away from the partnership model....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...Peltz’s fund, Trian Partners, has nominated two board directors for Disney’s board at the company’s annual meeting on April 3: Peltz himself and Jay Rasulo who was previously Disney’s chief financial officer...
...Goldman Sachs advised the vehicle to be funded by CVC Capital Partners Fund VIII and Haveli Investments. The deal is subject to regulatory approvals....
Buyout firms’ contrasting outcomes linked to handling of risky succession from founding partners
...to LPs by improperly billing hundreds of thousands of personal expenses....
...Large investors, including Vanguard and BlackRock, backed Disney in a blow to Peltz’s Trian Partners....
...Lightspeed Venture Partners, one of Silicon Valley’s biggest firms, is putting together a $1bn fund....
...Run by former Moelis partner Kasim Kutay, the life sciences investment group is swimming in cash thanks to dividends from the drugs....
...After leaving Goldman Sachs, he worked at hedge funds the Children’s Investment Fund and Theleme Partners....
...In the weeks before the AGM, Trian Partners’ Peltz — one of the two activists waging proxy battles against Disney — secured endorsements from a pair of shareholder advisers....
...Nat Zilkha, a former KKR partner who had led the firm’s recent music push, said higher interest rates had increased the attractiveness of non-music investments “that are closer to home for lots of these...
...According to Centerview Partners, Trian’s three-year annualised returns up to September 30 were 3 per cent, trailing the equivalent of 10 per cent for the S&P 500....
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