Hints and tips:
Related Special Reports
...As company sales and public listings have dried up, firms have been forced to find more creative ways of returning money to investors....
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Treasure chest Shareholders are starting to ask questions over who really owns the art on companies’ balance sheets, the FT’s Leo Lewis writes....
...It is part of a flurry of asset sales that have tided over LPs. Since early 2023, Silver Lake has struck deals to sell down $20bn in investments, the group told its investors....
...We want to be an asset manager. We want to be open architecture so that we can serve 10, 20, 30 different big insurance companies around the world....
...In a written statement, Icahn said: “It’s hard to understand his logic” and maintained CVR constituted only about 20 per cent of his company’s net asset value....
...Even so, the takeover means that London’s stock market will have one fewer company following a spate of bidding wars in recent months....
...Meanwhile Elliott, which manages about $65bn in assets, has built up a $1bn stake in Anglo American using derivatives and investors believe the mining company is set to be bought or broken up even after...
...And the City’s asset managers, many of which report figures this week, remain squeezed by passive funds on one side and specialist boutiques on the other....
...Still, some are being cautious, and one group of investors doesn’t seem convinced: private equity is sitting on a record number of assets....
...(At its peak in 2020, the foundation had $805mn in net assets, according to tax filings.) Hwang’s clearly going to put up a fight....
...Plus, one chart via this story on private equity tycoons benefiting from their soaring share prices....
...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...
...Most of the gains were driven by a new accounting standard brought in late last year, which requires companies to measure crypto assets at fair value each reporting period — with the changes in fair value...
...Hipgnosis was founded by music executive Merck Mercuriadis in 2018 to turn music rights into a mainstream asset class....
...Blackstone was one of several parties to bid for the company as it went through a strategic review in recent months....
...Some UK companies have pointed to higher valuations when choosing to list in New York rather than London....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...Blackstone, which has made repeated but lower proposals to the company, is determined to acquire the music rights of the group, according to people close to the talks....
...But the knock-on effects were often less than ideal, including a huge shrinkage of coverage for small and medium-sized companies....
...Private equity groups such as Blackstone expect that falling interest rates will spur an increase in dealmaking that will allow the industry to exit $3tn of unsold private company investments....
...Still, moving assets in this way around creates the potential for conflicts....
...But the private capital boom is echoing his world: entrepreneurs such as Elon Musk are building vast privately held companies, as “unicorns” (private companies with $1bn-plus valuations) multiply....
...While South African officials have raised concerns BHP’s £30bn-plus proposal for the mining company could be bad for the continent’s most industrialised economy, some of the company’s most crucial shareholders...
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
International Edition