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...The models of OpenGPT-X are being built in conjunction with German AI start-up Aleph Alpha....
...Since GIC ditched its holdings in Vista, the sovereign wealth fund has co-invested with other private equity firms in deals in which Vista also participated, a person familiar with the matter said....
...Vista and GIC declined to comment....
...Vista used a similar manoeuvre in its $4.6bn sale of events planning software company Cvent to Blackstone in March....
...The new conditions will test industry giants such as Blackstone and Carlyle, and dozens of fast-growing firms including Thoma Bravo, Vista Equity Partners and Platinum Equity, which have seen their assets...
...But Vista held Finastra in an older fund with little dry powder, forcing it to rely on financial engineering....
...As the summer progressed, Vista pushed lenders to keep pitching proposals that would keep it from putting in any extra cash. But it ultimately relented. Vista declined to comment....
...Vista declined to comment....
...“The idea is that audio captures more than just what is in text,” said Mike Chen, head of alternative alpha research at Robeco, the asset manager....
...A majority of them do beat the market even in the long run, but most of the alpha they produce is gobbled up by fees. On one hand this is unsurprising....
...Just as Stollmeyer was pledging his allegiance to Vista, Mindbody’s banker was greasing the wheels for Vista’s victory in the auction....
...freezing order against Gupta’s Liberty House (FT) Atom takes valuation hit as it raises £100mn in new equity (FT) India tightens foreign investor rules after Hindenburg report on Adani (FT) Blackstone and Vista...
...Empowered, a subsidiary of Alpha Architect doing business as EA Advisers, will serve as the funds’ adviser....
...The Big Read does a great job of looking at the downsides and dangers, such as the risks of crowding, leverage, alpha decay etc, and to be fair to them, investors aren’t blind to this either....
...At the PE conference in Berlin, Robert Smith, founder of Vista Equity Partners, called on business leaders to help resolve the tensions....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...Specialised buyout groups such as Thoma Bravo and Vista Equity Partners have in recent months turned to private lenders and large equity backers such as sovereign wealth funds to assemble financing packages...
...Bridgewater offers different flavours of its strategy and we don’t know how much of its estimated $150bn of assets under management are in Pure Alpha, the more leveraged Pure Alpha II, its risk parity funds...
...More than a dozen banks were forced to put up their own cash to fund Vista Equity Partners and Elliott Management’s takeover of Citrix after investors balked at financing the debt package....
One style to rule them all, and in the alpha bind them
...Morgan Stanley led a $1bn credit facility for Blackstone’s $4.6bn acquisition of Cvent, which is majority owned by Vista Equity Partners....
...Vista declined to comment. Shareholders in some publicly listed software companies have put up resistance to the takeover prices being offered for their investments....
...Tulchinsky, whose intense gaze and head-to-toe black attire give him the air of a James Bond villain, refers to these algorithms as “alphas” and to WorldQuant as the “Alpha Factory.”...
...Elliott’s power has grown in recent years as Cohn has built an internal private equity unit and cultivated relationships with buyout giants such as Thoma Bravo, Vista Equity and Veritas Capital....
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