Hints and tips:
...Last year’s $6bn sale of the Washington Commanders to former Apollo Global Management co-founder Josh Harris set a record for most expensive sports team sale ever....
...Firms entered the new year sitting on a record $2.8tn in investments, creating what consultancy Bain & Co last year called “a towering backlog” of potential sales....
...The sector “has a great track record of organic growth, maybe two down years in 30 years, and the down years are hardly down”, said Blake Kleinman, partner at H&F....
...Canadian private capital group Brookfield has raised a record-sized $28bn infrastructure fund as institutional investors plough cash into strategies they expect will benefit from higher interest rates and...
...Blackstone has said it will take time for private equity firms, which are sitting on record amounts of unsold assets, to return cash to investors even as the market for mergers and acquisitions comes back...
...The muted sales meant that Blackstone was unable to record significant performance fees from selling investments for a gain, limiting its overall cash flows....
...Brandon Freiman, head of North American infrastructure at KKR, said the private equity group was drawn to van Beurden’s record in pivoting one of the world’s largest energy companies towards more sustainable...
...US private equity group KKR saw its quarterly fee-based earnings reach a new record as its fundraising and investment activity increased sharply in the fourth quarter, signalling rising optimism for a recovery...
...In 2023, private equity groups saw their stockpile of unsold investments surpass a record $3tn....
...Last year EQT’s peers, including CVC Capital Partners and Warburg Pincus, raised record funds, while many smaller, newer groups struggled....
...“We are seeing record performance in revenue growth and member engagement, which demonstrates our position as the global leader in high-performance luxury lifestyle,” said Harvey Spevak, executive chair...
...Because partnerships typically distribute all their income to partners each year, they do not have a traditional earnings record, allowing acquirers to negotiate a relatively low valuation....
...In 2022, it increased to a record $1.3bn....
...But Blackstone has had to record a liability to UC based on how far Breit has fallen below its return promises....
...Shares in Blackstone, KKR, Apollo Global, Ares Management and TPG have neared or eclipsed record highs due to better-than-feared financial results....
...Carlyle generated $254mn in fee-based earnings, beating estimates of $207mn from analysts polled by Bloomberg, as a fundraising push lifted assets under management to a record $426bn....
...It has then pulled off a neat trick: units sales have fallen by a quarter but the closely watched “gross profit per unit” has reached $6,000, a record level....
...Despite the costs of complying with the mandate, CVR last week reported a record annual net profit of $769mn. The company did not respond to requests for comment....
...LVMH, the owner of Louis Vuitton and Tiffany, aims to reduce Scope 3 emissions by 55 per cent for each incremental percentage point in sales growth it records by 2030....
...The record for an MLB team remains the $2.4bn paid by hedge fund titan Steve Cohen for the New York Mets in 2020....
...Apollo itself was never a target in the Rashid matter and has never apparently sought to set the record straight with the court....
...Some of Peltz’s adversaries in the Disney fight seized the opportunity to criticise his tactics and his firm’s record....
...LVMH was one of the main beneficiaries, hitting record sales and profits and growing Louis Vuitton to become the world’s first luxury brand with more than €10bn in annual sales....
...That has left buyout groups with a record $2.8tn in unsold investments and what Bain described as “a towering backlog” of companies to exit....
...The stock’s slide extends an abysmal track record for companies floated by China’s Geely....
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