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...“By and large, many institutional investors are overallocated to private equity when benchmarked by their target portfolio allocation strategy,” said Christine Patrinos, a Boston-based partner at Monument...
...“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....
...Venture capitalists are under increasing pressure to return capital to their own backers — institutional investors, foundations and pension funds, known as limited partners [LPs] — as it has become more...
...We are in talks with clients to move their capital to newer strategies that offer greater flexibility than the current structure allows.”...
...listed from acquiring the debt, damages market liquidity and often results in a sponsor-friendly restructuring instead of one that is in the best interests of the company,” said Natasha Harrison, managing partner...
...by the capital markets....
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...A month later, Grant Thornton US agreed to sell a 60 per cent stake to New Mountain Capital....
...CVC Capital Partners, one of Europe’s largest private equity firms, is aiming to raise more than €1.25bn in an initial public offering on the Amsterdam stock exchange, ending a years-long wait to float....
...It is now attempting to navigate the twists and turns towards retail capital. The latest effort is the semi-liquid buyout fund....
...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....
...Last year, CVC raised €26.5bn for the largest buyout fund on record and also agreed a €1bn deal to buy infrastructure firm DIF Capital Partners....
...Hedge fund Cyrus Capital will meanwhile convert a loan made to Esken into equity, picking up the company’s new minority stake in the airport, which is located 36 miles east of central London....
...Blackstone president Jonathan Gray told the Financial Times last May the world’s largest private capital group — which has $1tn of assets under management — could become a “valuable partner” to banks looking...
...Blackwells Capital, the second activist, has put up its own slate of three directors for the board....
...While it is still raising capital for the new global climate strategy, the New York-based investment group has already made $15bn in energy transition related investments, including a $750mn investment in...
...Blake Kleinman, partner at H&F, said after doing the Baker Tilly deal that his firm liked to be “the first capital” coming into a partnership to shake up the ownership model....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...Large investors, including Vanguard and BlackRock, backed Disney in a blow to Peltz’s Trian Partners....
...Instead, Ubben last week told investors that his Inclusive Capital Partners would wind down and return cash to investors....
...Cheyne Capital has hired Frank Benhamou as a portfolio manager for its risk transfer strategy. He previously worked for Barclays....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
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