Hints and tips:
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...Blackstone, Stonepeak and I Squared Capital have also flagged their rising interest in the space as governments’ ability to fund infrastructure has come under pressure....
...I am not willing to still pay the same multiple,’” said Todd Miller, global co-head of private capital advisory at Jefferies, referring to a company’s price in relation to its earnings....
...Moritz has kept Sequoia’s board seat at pharmaceutical company Formation Bio, keeping his position because the company was seeking to raise fresh capital, according to a person familiar with the situation...
...“I haven’t seen a multi-strat in Ucits format do well. Performance has not been good,” said Patrick Ghali, managing partner at Sussex Partners, which advises clients on fund investments....
...The fund — alongside a new accelerator programme for early stage companies called Arc — positioned Sequoia to provide companies with “permanent capital” throughout their lifetimes, according to LPs....
...“The legal community has lost a true visionary,” Weil executive partner Barry Wolf said in a statement....
...With a shareholder vote set for April 3, Disney faces proxy fights with Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting the company’s share...
...Somebody is buying RuneScape again: Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry...
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...Large investors, including Vanguard and BlackRock, backed Disney in a blow to Peltz’s Trian Partners....
...in Delaware....
...Most VCs continue to charge LPs a management fee regardless of whether they had made investments, but Sequoia Capital, one the premier tech VC groups, started waiving fees on capital it had not yet committed...
...(The other is Blackwells Capital, which holds only a tiny stake in Disney). This fight is Peltz’s second recent battle royal with Disney....
...“I don’t think that the company has crossed the finish line by any means, but there is more embedded optimism that they will be able to achieve their objectives.”...
...He joins from InfraRed Capital Partners. Smart reads The toxic tycoon Mike Ashley, the retail tycoon behind Sports Direct, is suing Morgan Stanley over a $1bn trading row, The Sunday Times writes....
...“I think there’s a huge amount of opportunity to deploy capital that should soak up any money coming in.”...
...Another executive said: “I don’t think it would be attractive to do this, unless you have a burning desire to return capital.”...
...At a recent conference, he played stock analyst, stating that he had valued the company on a piece of paper when considering the job....
...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...
...A lawyer at one large firm says Jackson Walker was useful as a back channel to Houston’s two judges; Freeman, a partner at the firm, had previously been a clerk to Jones while another bankruptcy partner,...
...CVC Capital Partners’ revived listing plans....
...“The new Permian is less volatile, meaning a steadier level of activity,” said Dan Pickering of Pickering Energy Partners....
...“We are seeing crazy amounts of [limited partner investors] that are distressed and need to lighten their venture load,” said the head of a $2bn venture capital firm....
...Terraform Labs, the company behind the $40bn collapse of TerraUSD digital tokens in 2022, has filed for Chapter 11 bankruptcy protection in the state of Delaware....
International Edition