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...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...The company agreed last month to acquire Kuvare Asset Management for $750mn, extending its reach into the life insurance sector, a market coveted by many private investment groups....
...The gridiron football league is the only North American sports organisation that has not yet opened itself to institutional investment....
...Gordon is one of the leaders of its North American PE unit, while Marshall is co-head of its European buyout business....
...Three years ago, British private equity firm Cinven was forging ahead in its quest to buy up chunks of Europe’s sleepy life insurance sector....
...Global private equity executives from firms including Bain Capital and Blackstone Group, as well as KKR co-founder Henry Kravis, have visited India in recent months, talking up its economic potential and...
...Bhalla is set to depart as chief executive of American Equity Investment Life when its $4bn sale to Brookfield Reinsurance closes in the coming days. The deal clinched him a $55mn bonus....
...A deal would give Boehly’s Eldridge Industries a foothold in the fast-growing market for lending to private European companies, building on its investments spanning insurance, asset management, technology...
...PE-backed insurance blow-ups attract scrutiny in Europe It’s “one step forward, three steps back”, said one adviser to private equity on the impact of Italian life insurer Eurovita’s collapse last year...
...How poisonous is Anglo American’s ‘poison pill’, really?...
...He occupies a larger-than-life legacy in the world of endowments....
...Friday interview: Gilles Dellaert Gilles Dellaert, who runs Blackstone’s credit operations, joined that firm in 2020, having been co-president and chief investment officer at Global Atlantic....
...In 2023, private equity groups saw their stockpile of unsold investments surpass a record $3tn....
...“similarities” between the sales pitch that was used then and Corinthia’s success in attracting an entire team of senior executives from Barings, which is owned by MassMutual, one of America’s biggest life...
...Two-thirds of these investments were credit transactions, rather than equity investments in projects, he said....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...“It’s not obvious that they should do it through the traditional channels of investment grade public debt or equity.”...
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...Brandon, who co-operated with investigators and was not charged, declined to comment....
...The private equity giant allegedly set up a web of sham trusts — using a secretive affiliate called Financial Credit Investment — to hold a portfolio of stranger-originated life insurance policies worth...
...to life....
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
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