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...“We as KKR have a really strong presence in China, but the opportunities have been in the markets that I mentioned.”...
...“I think there’s a huge amount of opportunity to deploy capital that should soak up any money coming in.”...
...KKR co-financed its $1.1bn music catalogue deal later that year with Dundee Partners, the family office of Stephen Hendel, a former Goldman Sachs partner....
...This would reduce the dilution of EY’s partners’ stakes in the business and create a “superior equity value opportunity for all parties”, it added....
...Now a group of former partners has lawyered up to challenge the terms....
...Private equity buyers see an opportunity that has sometimes played out inside their own firms....
...“While there could have been the opportunity to pursue other sources of finance given more time, Esken did not have access to the financial resources to sustain it through what would have involved a protracted...
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...They added that the firm was not actively looking to exit Chord but UMG’s interest presented an exceptional opportunity to realise the value of KKR’s investment....
...VCs are now gambling that a boom in artificial intelligence will provide a generational opportunity and help “overcome the sins of 2020 to 2022”, said Venky Ganesan, partner at Silicon Valley firm Menlo...
...“There’ll be some opportunities to buy digital goods, maybe even at some point physical goods.”...
...In September it shut its US consumer, media and retail private equity investment group and dismissed some investment staff, choosing to focus on areas with better investment opportunities....
...Musicians saw their opportunity, too, with artists like Stevie Nicks and Shakira taking advantage of the bullish mood to sell their life’s work at eye-watering prices....
...Officially, it was an opportunity for Carlyle’s growing diaspora to congregate before the holidays....
...The industry has been focused on patent expiries during the second half of the decade “for a long time”, noted Tom Davidson, a partner focusing on life sciences at investment bank PJT Partners....
...“I told our team, don’t do that,” the managing partner at one large private equity firm said. “It is a real short-term opportunity.”...
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...Some are seeing opportunities, too....
...Managers return far less cash to limited partners. They then cannot recycle money back into funds....
...“Since we gave Disney the opportunity to prove it could ‘right the ship’ last February, up to our re-engagement weeks ago, shareholders lost [about] $70bn of value,” Trian wrote....
...The latest Lexington fund “speaks to the sheer demand” from LPs that feel “over-allocated” to private capital including to start-ups, they said....
...Ultimately, I decided that no matter how attractive the investment opportunity, I would keep an amount on the side invested safely, so that whatever happened I would be OK....
...Blackstone’s leaders Stephen Schwarzman and Jonathan Gray have been tantalised by the opportunity to sell Blackstone products to “retail” investors with almost no exposure to private markets....
...Earlier this year, Carlyle began studying ways to sell its stake to large limited partners such as sovereign wealth funds, according to people familiar with the matter....
...The dearth of M&A and IPOs have kept managers from returning cash to their limited partners. In turn, those LPs are proving unwilling to commit new money to funds....
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