Hints and tips:
...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...GIP is targeting $25bn for its latest infrastructure fund, while Blackstone has set a goal to manage more than $100bn in infrastructure....
...A tie-up with BlackRock would have marked a dramatic shift in strategy for Warburg Pincus, which has over the past decade resisted the urge to follow peers like Blackstone and KKR and list its shares on...
...In 2008, Blackstone acquired GSO Capital, a credit manager with $10bn in assets managed. Today, Blackstone has $300bn in credit assets, even as most of the original GSO brass have long departed....
...Along the way, Blackstone overtook BlackRock to become the most valuable asset management firm and the private market explosion brought riches to many many managers, as well as prompting a growing political...
...The amount of money raised in the secondaries market nearly doubled last year, with groups including Blackstone and Lexington Partners both raising more than $20bn each....
...Brookfield, one of the largest private capital groups, closed a record-sized infrastructure fund in 2023, while rivals such as KKR, Blackstone, Stonepeak and I Squared Capital have telegraphed rising ambitions...
...News round-up Byron Allen’s latest takeover bid: Paramount for $14bn (Bloomberg) Berlusconi’s Sardinian estate on sale for €500mn (FT) Blackstone chief gave Christie campaign $2mn after backing Trump...
...Match Group, owner of Tinder and Hinge, has fallen 83 per cent. The odds of a near-term turnaround are slim....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
...That trend holds more broadly, reports Bloomberg: Blackstone Inc. recently sought a $250 million loan at a rate of around 4.75 percentage points over the US benchmark to finance its planned purchase of...
...Kaplan said the industry’s largest gain was on Blackstone’s buyout of hotel group Hilton Worldwide, which yielded more than $11bn in gains....
...Other firms, including Blackstone and Hg, have sought cut-rate loans for new deals, with banks and the direct lenders being played against each other to whittle down interest costs....
...The largest alternative investment groups such as Blackstone, Apollo and KKR have created “retail” funds that are easy for investors to get into, making brokerage offerings increasingly bland....
...Their reluctance to lend meant the industry ceded market share to private credit investors including Ares, Apollo, Blackstone and Sixth Street....
...Mike Carruthers of Blackstone says: “Usually borrowers pay banks a couple of percentage points for a placing made at a discount to face value of one or two points....
...The corporate shape-shifting comes as it and competitors Blackstone and Apollo Global Management have also reoriented their operations in recent years to appeal to the tastes of stockholders....
...Elsewhere in private equity, the Blackstone Group has raised $1.3bn for a fund tailored to wealthy individual clients, signalling a revival of momentum in its efforts to reach investors beyond its base of...
...Blackstone, which sold Center Parcs to Brookfield for £2.4bn in 2015, initially considered a bid to reacquire the business but dropped out of the running early in the process....
...Blackstone, Apollo, KKR and Carlyle....
...not any of the typical American buyout stalwarts, such as Blackstone, KKR and Apollo....
...Jefferies notes that Blackstone — a bellwether for the private equity industry — marked the value of its portfolio up by 2.4 per cent in the third quarter, and said this indicated that: . . . despite the...
...And in March, Blackstone — Bumble’s largest institutional shareholder — sold a 10 per cent stake in the app for a heavily discounted $300mn price tag....
...Blackstone’s president Jonathan Gray earlier this year said it was a “golden moment” for the fast-growing $1.5tn industry....
...Two things to start: Blackstone shares dropped more than 7 per cent on Thursday after it reported weaker than forecast earnings. Lex writes the second trillion is always the hardest....
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