Hints and tips:
Related Special Reports
...The amount raised by private equity funds globally last year fell to a six-year low, according to S&P Global....
...He added: “If you’re growing at the pace that we are, then the P&L does manifest itself in cash requirements.” Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...CT Fitzpatrick, chief investment officer of Vulcan Value Partners, a large Carlyle shareholder, commended Schwartz’s deliberate approach....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...“PE compensation is predominantly derived from the P&L of the firm — which is based on the management fee of the fund, and this is locked in for the life of the fund,” said Tom Thackeray, a partner at Heidrick...
...Companies in Wall Street’s benchmark S&P 500 index spent $175bn buying back shares in the three months to June, according to preliminary data from S&P....
...He joins from Centerbridge Partners....
...News round-up Morgan Stanley accused of duping ECB with fake Frankfurt job title (FT) S&P Global close to acquisition of research platform Visible Alpha (FT) Carlyle in talks with London airport owner...
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Blackstone in September became the first private equity group to be included in the S&P 500 index and its rivals Apollo Global and KKR are hoping they are not far behind....
...Take Vista Equity Partners’ recapitalisation of fintech group Finastra, for example....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...Mobius, 87, known for accurately predicting the start of emerging markets’ bull run in 2009, will leave Mobius Capital Partners in the coming months....
...If NBIM wants to increase its exposure to private equity, the easiest way would be to simply nudge up its stakes in the likes of Blackstone, Apollo, KKR, Carlyle, Brookfield, EQT, Ares and Partners Group...
...can be more lucrative than at its larger, publicly listed rivals such as Blackstone, KKR and Carlyle....
...And so if you want to invest in something that tracks the S&P 500 or the FTSE 100, you can buy a BlackRock fund that does that. And they have lots and lots of them....
...Carlyle has named Goldman Sachs veteran Jeff Nedelman as global head of distribution. He was most recently a partner and senior managing director at Certares....
...German shoemaker Birkenstock’s IPO, meanwhile, could be valued above $8bn — unlocking a big return for its owner L Catterton, the private equity firm backed by French luxury fashion house LVMH....
...Among Apollo, Blackstone, Carlyle and KKR, the shares of all except Apollo are down between 20 per cent and 40 per cent in 2022, worse than the S&P 500”....
...Catterton partner focused on impact investing you might expect some fur to fly....
...But that bounty is a complication for their limited partners like pension funds and endowments....
...A gambit to raise cash for US rival Carlyle Group’s latest buyout fund has come up short....
...Now he runs a venture capital firm with his partner, Ben Horowitz....
...Private credit has been a faster growing business than buyouts in recent years, including for Apollo, Carlyle and KKR....
...At Carlyle, Megan Starr, the firm’s global head of impact, argues that owning and decarbonising these assets is a more effective strategy....
International Edition