Hints and tips:
...“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...
...“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....
...“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....
...“We as KKR have a really strong presence in China, but the opportunities have been in the markets that I mentioned.”...
...“I haven’t seen a multi-strat in Ucits format do well. Performance has not been good,” said Patrick Ghali, managing partner at Sussex Partners, which advises clients on fund investments....
...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...
...I’d posit an additional possible factor. Universal very much wants to be in the business of The Weeknd, Swift and other stars, and to control as much of their music as possible....
...“I’ve heard Jon Gray direct, eulogising about him,” said one of the people who had dealings with the private equity executive....
...The chief investment officer said: “I would be very surprised if in five years the industry hasn’t shrunk by half. The returns aren’t there . . ....
...CT Fitzpatrick, chief investment officer of Vulcan Value Partners, a large Carlyle shareholder, commended Schwartz’s deliberate approach....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...I can’t turn around to the venture team and say invest $2bn. There’s not enough deal flow,” he said....
...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....
...Lightspeed Venture Partners, one of Silicon Valley’s biggest firms, is putting together a $1bn fund....
...“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.”...
...Unfortunately for him, though, that’s a mere 1.7 per cent of the company’s equity. He’ll need to persuade Disney’s biggest shareholders to vote with him....
...Sadek Wahba, managing partner of I Squared Capital, said investments into infrastructure assets with regulated returns, such as water utilities in the UK, had been hit hardest by rising rates because they...
...“I think there’s a huge amount of opportunity to deploy capital that should soak up any money coming in.”...
...“I think the next few months will be the best time to be a buyer of these types of securities in the past half decade.”...
...“I don’t see a massive rebound in exits next year,” says Pierre-Antoine de Selancy, managing partner at 17Capital....
...“I didn’t predict the enormous crash but we knew there was a risk,” said one longstanding LP....
...US pipeline group Energy Transfer is set to buy rival Crestwood Equity Partners in a $7.1bn deal, the latest merger in the North American fuel infrastructure business as building new projects becomes more...
...was an LP,” EQT’s Sinding said at the conference....
...One of the parts of the proposed rules that has sparked much concern is a carve-out for US limited partners (LP) — the endowments, pension funds and charities that put money into venture funds....
...The two California-based banks announced the deal on Tuesday, and said buyout groups Warburg Pincus and Centerbridge Partners would invest a combined $400mn in newly issued equity in the merged group....
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