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...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...Doing so will add $12.5bn to General Atlantic’s $83bn assets under management....
...Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation....
...Alongside Warburg, a group of older private equity managers such as Clayton, Dubilier & Rice, CVC Capital Partners, TA Associates and GTCR have all recently closed large funds above their targets....
...Firms that have shorted the stock include London-based Marble Bar, CapeView Capital and Kuvari Partners....
...Rothschild set up RIT Capital Partners, a listed investment trust investing in public and private markets that he chaired for more than 30 years....
...A portfolio manager at Izzy Englander’s Millennium Management is preparing to launch what would be the biggest new hedge fund in more than a year after securing $3bn of capital from his employer and taking...
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...“If she doesn’t give the new management team sufficient power in the coming months and years . . . it will be a disaster for the company.”...
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
...Byron Callan, managing director of research group Capital Alpha Partners, said: “Given the travails of the company in recent years, it’s not clear to us how deep a bench there is in terms of people internally...
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...In September CVC Capital Partners paid €1bn for infrastructure fund manager DIF Capital Partners, which is of a similar size as Actis....
...AMP Capital’s Michael Hamilton has joined as a partner. Alvarez & Marsal has named Chevron veteran Jay Johnson as senior adviser to its energy practice....
...The list of early backers includes General Catalyst founder David Fialkow, Avenue Capital’s Marc Lasry, founders of RA Capital Management and former JPMorgan Chase chief investment officer Matt Cherwin,...
...It is 49.5 per cent owned by Reinet Investments, a vehicle backed by South African billionaire Johann Rupert, and includes CVC Capital Partners among its shareholders....
...Aggarwal, who owns 37 per cent of Ola Electric, told the FT that the six-year-old EV company did not need more private capital following a Rs3.2bn funding round last year led by the Singapore government-owned...
...Adding to the pressure on Entain, two London-based hedge funds, Martin Stapleton’s Perbak Capital Partners and Ilex Capital Partners, have taken short positions against the company worth more than £25mn...
...Englander has established a trustee advisory board, which includes Rockefeller Capital Management chief executive Greg Fleming; secured Millennium’s capital base by moving the vast majority of investors...
...More capital will also be needed for the less risky sectors such as wealth management that banks were encouraged to pivot towards in the aftermath of the crash....
...RIT seeded hedge fund Lansdowne Partners, asset manager GAM and Getty Images, and invested in Julian Robertson’s Tiger Management....
...TPG Growth has named Aaron Matto as a partner in San Francisco. He joins from technology-focused private equity firm True Wind Capital....
...More than half of single-B minus rated US companies would not be generating enough cash to cover their capital expenditure while servicing their debt by year-end, analysts at Moody’s project....
...Rents earned by the funds from making private direct loans accrue to the general partners, not the limited partners....
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