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...KKR has raised a record $6.4bn for its latest Asian infrastructure fund, capping a month of frenzied investment activity in the sector at a time when broader private equity fundraising has slowed....
...Blackstone has prominently featured Breit’s distribution yield of 4.6 per cent in marketing materials....
...UK investors have pulled out of investment funds over the past two years, withdrawing £12bn in 2022 and £11.9bn in the 10 months to October 2023, according to the Investment Association....
...Jonathan Pollock is the firm’s co-chief executive and co-chief investment officer, alongside Paul Singer....
...The raised Concord offer represents an increase of about 7.8 per cent on its original offer, or 42.6 per cent to the closing price of 71p a share on the last day prior to the bid....
...Earnings per share rose to $2.94, ahead of expectations for $2.82....
...They then plan to acquire the remaining interest in the team after the death of Angelos patriarch Peter, aged 94, in order to lessen the family’s tax burden....
...From 2020 to 2022, debt-to-EBITDA multiples on new LBO loans averaged between 6.9x and 7.1x....
...A person close to Jagex told us the actual bot figure may be even higher, with around 6.9mn bot accounts “detected and purged” last year....
...“Since inception seven years ago, Breit has delivered an 11 per cent annualised net return . . . outperforming non-traded Reit peers by [about] 6 percentage points in 2023, making it one of the best performing...
...The previous year, incomes for Blackstone executives reached record levels as the New York-based group sold more than $81bn in assets and earned an overall profit of $6.6bn....
...The answer, like the LP, has two sides....
...Along with what Trian owns itself — 6.8mn shares — Peltz has in his pocket 32.3mn Disney shares. Unfortunately for him, though, that’s a mere 1.7 per cent of the company’s equity....
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...KKR shares ended the day 5 per cent higher while Carlyle shares closed up 1.6 per cent....
...Shares in Blackstone fell more than 6 per cent in morning trading in New York, although they are still 25 per cent higher than at the start of the year....
...But John Angelos, son of the 94-year-old Orioles owner Peter Angelos, had made it his mission to keep the team in town....
...The investment has risen in value as well. KKR valued the company at €9.4bn at the end of 2022 — up from a valuation of about €6.8bn when the private equity group staged its 2019 investment....
...In the week immediately after the Hamas attacks of October 7, gold prices leapt 6 per cent. But this, too, is not dispositive....
...Based on the full-year figures BPY published for 101 malls and urban retail properties, overall core retail occupancy at the start of 2023 was 94.3 per cent....
...Gutierrez said 2024 exports could match his estimate for last year of 94.5mn tonnes....
...A 6 per cent exposure to Henderson Opportunities Trust is Saba’s largest. Since stock markets crashed in 2021, investors have shunned growth plays in favour of value investments....
...“The question is whether this is coming at the expense of investment in the business,” she said....
...They benchmark the investments and look for data to feed back to pension schemes and other LPs.”...
...McDonald's China more than doubled the number of restaurants to 5,500 during Carlyle’s investment and grew its delivery business....
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