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Related Special Reports
...The Merlin range has nearly a fifth of its equity assets — or £1bn — in two funds managed by Whitmore: the £2bn Jupiter UK Special Situations fund, and the £930mn Jupiter Global Value Equity fund....
...for Alcentra’s special situations funds....
...Venture capitalists are under increasing pressure to return capital to their own backers — institutional investors, foundations and pension funds, known as limited partners [LPs] — as it has become more...
...These include Hong Kong-based Seiga Asset Management, Magnetar Asset Management and subsidiaries Blackstone Real Estate Special Situations Advisors and BX LCS....
...In a recent memo to staff, Abrdn said it was exploring scaling back its Bloomberg terminal subscriptions and looking at cheaper alternatives, according to two people familiar with the situation....
...situations investing team, and has more than $4bn of net assets under management....
...Although it is possible that the business could be restructured without any cost to taxpayers under the special administration regime, lawyers said it was “hard to see a situation where some sort of funding...
...Merlyn Advisors, controlled by Barnaba and Petermann, “pursues a special situations strategy and as such invests across a variety of asset classes and markets,” according to its sparse website....
...the financial institutions that has invested in its venture funds....
...But the board could consider whether there are grounds to terminate HSF’s contract with HSM, according to a person close to the situation. That would remove HSM’s option to buy HSF’s portfolio....
...He worked closely with Adam Neumann when WeWork was struggling to win over investors, and has worked closely with buyers and sellers in tense M&A situations....
...“Children are not what we monetise — they are what we need to have a healthy future,” she stresses....
...The remainder will be provided by IMI, which also backed the takeover of the Telegraph by its affiliated US fund, RedBird IMI, according to a person familiar with the situation....
...Within just a few years, CVR had paid Icahn and its minority shareholders billions in dividends through regular and special payments....
...The UK Special Situations Fund will be managed by Alex Savvides, who will join from J O Hambro Capital Management, Jupiter said....
...The new owners, led by Bain’s special situations unit, have been buying up Accolade’s debt at a heavy discount and hope to complete the company’s recapitalisation by the middle of the year....
...After leaving Goldman Sachs, he worked at hedge funds the Children’s Investment Fund and Theleme Partners....
...Eurovita, an Italian life insurer owned by a fund operated by Cinven, the British private equity firm, went into special administration this year after the owner did not provide the level of capital injection...
...That’s what markets are about.” Hunt declined to say if Thames Water could head into a special administration regime, saying the Treasury “prepare for all possible outcomes in situations like this”....
...Alex Savvides is expected to join Jupiter by the Autumn of 2024 and, upon arrival, will assume management of the £2.1bn Jupiter UK Special Situations Fund....
...Thames Water’s shareholders — which include pension funds Omers and USS as well as the Chinese and Abu Dhabi sovereign wealth funds — are dissatisfied with progress in the discussions with Ofwat, according...
...“People definitely mistake the UK market for the UK economy,” says Alex Wright, manager of the £3bn Fidelity Special Situations fund....
...PE giants Blackstone and KKR are also in the process of raising new flagship funds....
...A traditional SRT transfers a pool of assets to a special purpose vehicle, which then issues notes to investors....
...Other firms are common users of margin loans....
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