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...The people also noted that any shortfall will not affect investors’ overall returns because it will be met with a corresponding drop in the fund’s net asset value....
...Philipp Freise, KKR’s co-head of European private equity, said the fund would continue to back Mediawan and expected it to do further acquisitions....
...“But I’d be hard-pressed to come up with a high-profile fund that’s abandoned fundraising,” he added. The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Two of the UK’s biggest star fund managers suffered £2.2bn in outflows last year after investors fled the underperforming funds in favour of cheap passive equity offerings and high-yielding cash products...
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...credit hedge fund Beach Point....
...The Third Plenum of the party’s Central Committee is traditionally held once every five years and usually discusses economic policies and reforms....
...His background in the financial sector means he’s seen by some as more of a known quantity than his predecessors: after leaving Goldman Sachs, he worked at hedge funds Children’s Investment Fund and Theleme...
...Blackstone has made repeated, but lower, offers for the company. Blackstone also part owns Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund....
...Blackstone also set up a separate $1bn fund called Hipgnosis Songs Assets to acquire music rights catalogues. That fund is also managed by Hipgnosis Song Management....
...It is now attempting to navigate the twists and turns towards retail capital. The latest effort is the semi-liquid buyout fund....
...This led shareholders to decide against the continuance of the fund in a vote last year, sparking a strategic review by a new board and ultimately Thursday’s agreement to sell the fund to US rival Concord...
...Vivendi, which controls almost a quarter of the votes, has not put forward its own list of nominees. Activist funds Merlyn and Bluebell have....
...When withdrawals breached monthly limits in December 2022, it gave the group the right to partially “gate” the fund....
...Blackwells issued a presentation this week estimating that ValueAct, which has been a supportive investor of Disney, has made up to an estimated $95mn in fees from managing pension funds of company employees...
...But as the fund lost value last year, Blackstone’s liability to UC has grown to $560mn....
...KKR’s funds plan to house assets moving off the balance sheets of corporations, banks and insurers looking to simplify their operations or fund stock buybacks....
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...Private assets offer higher returns in part because fund managers need the benefit of more permanent capital that cannot easily flee during the deployment phase....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...Caxton Associates, one of the oldest and best-known global macro hedge fund managers, lost money in its two main funds in 2023, say two people who have seen the numbers, in a turbulent year for bond markets...
...The initial sum raised by the fund, called Blackstone Private Equity Strategies Fund, or BXPE, is Blackstone’s largest ever for a retail vehicle....
...The veteran activist investor dismissed Iger’s recent initiatives to bolster the entertainment group’s shares as “throwing spaghetti at the wall” to see what sticks....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...AllianceBernstein has launched five new exchange traded funds, including a buffered ETF, bringing the company’s year-old line-up to 12 ETFs....
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