Hints and tips:
...While that trails returns marketed by private equity funds, it has proven attractive to pension funds and endowments after a decade of rock bottom interest rates....
...“Big Tech has been spending money like 80s rock stars for the last four to five years,” he said. “It feels like there’s adults in the room now.”...
...But the market’s only busier compared with last year’s decade low; deals cratered in 2023 following a frenzy of activity during the pandemic that was fuelled by rock-bottom interest rates....
...The firm’s assets under management have jumped from less than $10bn in 2010 to nearly $60bn, as it enjoyed strong returns and fundraising at a time of rock-bottom interest rates and steady economic growth...
...We look forward to showing at trial that promoting and distributing our services is both legal and pro-competitive.” The DoJ did not immediately respond to a request for comment....
...In today’s newsletter: Multi-manager hedge funds on the rocks Qatar bets on India’s Ambani Turkey’s IPO renaissance Multi-manager hedge funds meet their maker Three decades ago, when star traders such...
...We would design around it by putting the reactor far away or building up a berm of the lunar regolith to protect the crew members and distributing the power via long cables....
...Kid Rock, the rap-rock star, filmed himself shooting cases of the beer....
...But when finance companies were running their own IT operations, regulators did at least have a mandate to watch them....
...“An entire new generation of investors may well have come of age never having actually experienced an economic downturn, a protracted market downdraft, or interest rates above rock-bottom levels,” he wrote...
...The following year, he joined forces with Buffalo Springfield’s Stephen Stills and The Hollies’ Graham Nash to form Crosby, Stills & Nash....
...Here, using only men, mules and explosives, Clinton’s self-taught engineers built five consecutive locks to lower the canal and its boats down a 70ft ridge of hard rock called the Niagara Escarpment....
...As it struggled to integrate the company, investors sold up. Big takeovers remain a temptation for company bosses. Highly paid bankers promote them adeptly....
...He was appointed this week as chief executive of Oxford United following a stint at investment company Tifosy....
...The companies will raise $2.5bn through a preferred equity security that carries a whopping interest rate of 12 per cent above Sofr, the floating interest rate benchmark....
...The brothers got their start in show business in Buffalo, New York, showing art house films and putting on rock concerts in the 1970s....
...At the same time, outreach companies such as Multiverse and Revature have emerged in recent years, offering to train workers from under-represented backgrounds for jobs with major companies, including Citigroup...
...D1 Capital made money on private companies last year but lost money on public stocks while Whale Rock’s public portfolio has fallen more this year than its private counterpart, according to people with knowledge...
...Owl Rock Capital, Blackstone Credit and Golub Capital financed the company’s $10.7bn takeover of Anaplan last month and its SailPoint takeover....
...In some deals featuring Owl Rock, Blackstone and Apollo, the private equity firms have funded the debt directly. Private credit has been important to middle-market deals for years....
...SailPoint’s financing was led by Golub, Blackstone and Owl Rock, the company said in a statement....
...Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019....
...At a private dinner between the pair the following week, Stroll told Moers to improve morale in the business that had fallen to near-rock bottom. Things improved, but the damage was done....
...The firm sidestepped investment banks to arrange a multibillion-dollar financing package from a consortium of private capital providers including Owl Rock Capital, Blackstone, Apollo Global and Golub Capital...
...Tom Cruise’s Top Gun reprise — the equivalent of a 1980s rock band touring with its old album hits — should help. It took $124mn in its first three days....
International Edition