Hints and tips:
...We think this risk is also low, considering a broad range of liquidity and capital solutions that are available to both GPs and LPs....
...Coutinho’s alliance with Sunak predates her arrival in the Commons....
...And that has set the expectation that bad news regarding the valuation of private holdings is only a matter of time. Many LPs are bracing for the worst....
...For example, Wolfe Research remains independent but in 2020 entered into a “strategic alliance” with Nomura, with a similar model to the SocGen-Bernstein tie-up (ie Wolfe comes up with the ideas, and Nomura...
...Their central conclusion is that “GPs do not appear to manipulate interim returns to fool their LPs, but rather because their LPs want them to do so”....
...It’s fitting then that their holding company Concordia is the vehicle through which they intend to buy out remaining shareholders in their investment bank Rothschild & Co, swapping the tumult of a public...
...Think of it, satellite systems in general, semiconductors themselves, but also things like RADAR, SONAR, GPS that now we can't live without....
...The industry was founded from the 1970s to the early 90s by small teams of mercenary dealmakers, who then duelled with each other to win control of large corporations such as RJR Nabisco, Alliance Boots,...
...It is sometimes labelled a “continuation fund” or even, in the industry’s often-inscrutable jargon, a “GP-led secondary” or “adviser-led secondary”....
...Job moves Walgreens Boots Alliance has named Starbucks chief operating officer Roz Brewer as chief executive. She will succeed billionaire Stefano Pessina, 79, who will become executive chairman....
...In this survival of the fittest scenario, DD will be watching for more alliances forged between companies tackling their burgeoning debts....
...“Yet again, Tencent prove to me that they are probably the most skilled investor in the gaming space globally,” said Per Roman, co-founder and managing partner of GP Bullhound, a tech adviser....
...A single GPS-guided combine can harvest the entire field with far greater efficiency — and with zero chance of infection....
...For Poidomani, the GP in Cividate al Piano, the symptoms he had started noticing in December now made worrying sense....
...Asset Value Investors owns a 3 per cent stake in Pershing Square Holdings, a £3.2bn Ackman vehicle quoted in London and Amsterdam....
...But after shares in the US lender rose, ValueAct sold down part of its holding for a profit. It still owns a small stake....
...But today’s mismatch between LP commitments and the underlying investments opportunities is leading to a vacuum of funds that can provide capital to SMEs....
...For the likes of Dyal and its two chief competitors, Mr Brandmeyer’s Petershill fund at Goldman and the Blackstone Strategic Capital Holdings fund, the attraction of GP ownership is the steady management...
...Capital Group's holding is now above 15 per cent. Alliance Bernstein has expressed confidence, and the share price has settled well above the recent nadir, valuing the group at HK$41bn ($5bn)....
...Walgreens Boots Alliance, America’s biggest retail pharmacy chain, has agreed to buy a 40 per cent stake in a large Chinese drug store company as it boosts its exposure to the quickly growing emerging market...
...The writer is the founder of Bloomberg LP and former mayor of New York...
...Gary Styles, director, GPS Economics 2018 has been an extraordinary year....
...Richard Rocket, his real name, a co-founder of research company NewSpace Global, says the main thing holding back the industry is access, rather than price....
...GPs had the good fortune to make up the shortfall in margin expansion through unforeseen multiple expansion....
...The sale comes just months after KKR’s sale of its 90 per cent stake in India’s Alliance Tire Group to Japan’s Yokohama Rubber Company in a $1.2bn deal that saw KKR nearly double its original $500m investment...
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