Hints and tips:
...But the process has dragged on as Fortress executives such as co-founder Peter Briger negotiate a structure that gives them significant stakes in the business....
...On Monday Carlyle said that Peter Clare, chief investment officer of its $105bn-in-assets private equity unit, will retire at the end of April....
...“We are in a new era of realising that these partnerships have attractive alternatives,” said Peter Munzig, a partner at TPG, one of the most active dealmakers in professional services....
...They then plan to acquire the remaining interest in the team after the death of Angelos patriarch Peter, aged 94, in order to lessen the family’s tax burden....
...Private equity investors blame some of Carlyle’s fundraising trouble on poor performance, not just leadership turmoil and the departure of a number of senior dealmakers in recent years including Peter Clare...
...His cousin Peter Weinberg is a Goldman veteran who founded Perella Weinberg Partners....
...Plus, the FT’s Antoine Gara explains how infrastructure went from an investment backwater to a $1tn asset class....
...Job moves NatWest has poached UBS executive Emma Crystal to become chief executive of private bank Coutts, following the exit of Peter Flavel after the Nigel Farage “debanking” scandal....
...Both Orszag brothers were Compass partners at the time of the acquisition before Peter joined the Obama administration and later became a Wall Street dealmaker....
...ASML’s chief executive Peter Wennink will step down in April after more than a decade at the helm of Europe’s most valuable tech company....
...Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...Lazard’s Orszag tries for double play Peter Orszag, Lazard‘s technocrat CEO-to-be, has — true to form — sent a memo to staff and to the public with his vision for where he wants to take the storied if stagnant...
...The fundraising effort was dubbed in a press release “the largest in Carlyle history” and “a testament to the creativity, hard work and performance of the US buyout team,” by Peter Clare and Sandra Horbach...
...Rising yields “put more pressure on companies that are more levered or properties that are more levered”, said Greg Peters, co-chief investment officer of PGIM Fixed Income....
...Founded in 1985 by chief executive Stephen Schwarzman and investment banker Peter Peterson with just $400,000 of capital, Blackstone has transformed in recent decades from a small dealmaking outfit with...
...For director Peter Sellars, Marc-Antoine Charpentier’s 1693 opera is the perfect vehicle for a reflection on contemporary injustices. People in cages; forced repatriation....
...Overall assets in the firm, founded in 1968 by Peter Brooke, now total $65bn....
...Peter Clare, one of the most senior dealmakers at Carlyle Group who was passed over as a candidate to lead the US buyout group earlier this month, is retiring after over three decades at the firm....
...And a new generation of leaders are increasingly embracing strategies employed by Warren Buffett, the architect of America’s pre-eminent investment conglomerate, reports DD’s Antoine Gara....
...“We are in the early days of getting them stabilised and back in business,” Peter Bristow, the president of North Carolina-based First Citizens, which acquired SVB in a landmark deal brokered by federal...
...He will also have to prevent the firm from bleeding talent, particularly dealmakers close to Lee and Peter Clare, another recently departed executive....
...Peter Clare, one of the most senior dealmakers at Carlyle Group who was passed over as a candidate to lead the US buyout group earlier this month, is retiring after over three decades at the group....
...In their influential collection of creative prompts, Oblique Strategies, the musician Brian Eno and artist Peter Schmidt included the suggestion, “use fewer notes”. Quite so....
...Antoine Spillmann, chief executive at Bruellan, part of the activist investor group, is the candidate for chair....
...“Macquarie was one of the first to realise how the steady and predictable cash flows from infrastructure investments could be levered to produce very attractive returns to equity investors,” Peter Folkman...
International Edition