Hints and tips:
...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...
...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...Weeks after Sequoia announced the split, the White House issued an executive order limiting US investment in technologies such as AI which could further Chinese national security....
...The increasing costs of investing in technology and regulation have raised the barriers to entry for new players....
...The push will also put Oaktree more squarely in competition with large private credit investors such as Apollo Global Management, Sixth Street Partners, HPS Investment Partners and Blackstone....
...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...
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...Macarthur paid $530mn to buy Jagex in 2020 from Shanghai Hongtou Network Technology....
...“Tax and audit work is being replaced by technology and the lowest price is winning, hence the transformation to consulting and advisory services....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...Lightspeed Venture Partners, one of Silicon Valley’s biggest firms, is putting together a $1bn fund....
...“Disney’s content and technology strategies are weak and its lack of transparency is stark,” the firm said in its letter to the entertainment company’s shareholders....
...The latest Lexington fund “speaks to the sheer demand” from LPs that feel “over-allocated” to private capital including to start-ups, they 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....
...There’s already competition under way between the two camps to finance KKR’s investment in healthcare technology business Cotiviti....
...Laws such as the US Inflation Reduction Act and Chips and Science Act, which provide incentives for domestic industry and clean technology, have sparked investment and added to the demand for transport,...
...The transaction allowed Quiet Capital LPs to sell half or all of their stake in the fund to new institutional investors at Goldman Sachs Asset Management and Blackstone Strategic Partners — both secondary...
...Medical technology company Smith & Nephew has chosen John Rogers to succeed Anne-Françoise Nesmes as chief financial officer. He previously held the same role at WPP....
...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....
...LP transparency doubles as a hedge against short-term, reactive decision-making, thereby helping general partners — the managers of funds — stay true to investment theses....
...“Technologies that have upfront costs, but long-term returns, can be a bit more difficult to do in the public markets,” he says....
...Robots could, in future, save their prospectus from a premature encounter with an LP’s bin....
...Princeton University has named Vincent Tuohey, an investment director at the Massachusetts Institute of Technology, as its new endowment head....
...In July, US financial technology group Fidelity National Information Services agreed to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR in a $18.5bn deal, this year...
...But its aggressive investment pace as the market was nearing its peak means the group is vulnerable to a reset in technology valuations in a world of higher rates....
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