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...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...
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...The announcement from Wells comes days after Société Générale announced it would partner with asset manager Brookfield on a private credit fund....
...Now a group of former partners has lawyered up to challenge the terms....
...The two California-based banks announced the deal on Tuesday, and said buyout groups Warburg Pincus and Centerbridge Partners would invest a combined $400mn in newly issued equity in the merged group....
...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...
...Instead, it filed in the Southern District of New York, claiming that venue by virtue of the fact that the non-equity general partner in some of its entities partnerships was a New York corporation....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
Deal between buyout group and Esken ends months of wrangling over future of Southend airport
...David Trujillo, another partner at TPG, summed up the pitch to accountants and others they are trying to lure away from the partnership model....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...Peltz’s fund, Trian Partners, has nominated two board directors for Disney’s board at the company’s annual meeting on April 3: Peltz himself and Jay Rasulo who was previously Disney’s chief financial officer...
...Goldman Sachs advised the vehicle to be funded by CVC Capital Partners Fund VIII and Haveli Investments. The deal is subject to regulatory approvals....
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
Buyout firms’ contrasting outcomes linked to handling of risky succession from founding partners
...Large investors, including Vanguard and BlackRock, backed Disney in a blow to Peltz’s Trian Partners....
...to LPs by improperly billing hundreds of thousands of personal expenses....
...Lightspeed Venture Partners, one of Silicon Valley’s biggest firms, is putting together a $1bn fund....
...Run by former Moelis partner Kasim Kutay, the life sciences investment group is swimming in cash thanks to dividends from the drugs....
...After leaving Goldman Sachs, he worked at hedge funds the Children’s Investment Fund and Theleme Partners....
...In the weeks before the AGM, Trian Partners’ Peltz — one of the two activists waging proxy battles against Disney — secured endorsements from a pair of shareholder advisers....
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