Hints and tips:
Related Special Reports
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...That’s the case even as they start to face pressure to sell some portfolio companies to return capital to their backers....
...Its portfolio of private company bets also was marked down. Tiger’s long positions gained about 50 per cent in 2023, but its overall portfolio only rose about half that much....
...Multi-manager hedge fund Freestone Grove Partners, led by a former Citadel portfolio manager, launched with $3.5bn last week, according to one person with knowledge of the matter....
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...Private equity firms still own large stakes in dozens of former portfolio companies whose shares are languishing on the public markets....
...Last month Vista Equity Partners, a private equity investor focused on the technology industry, used a NAV loan against one of its funds to help raise $1bn that it then pumped into financial technology company...
...This means private equity firms are essentially shuffling leverage from a single portfolio company to an entire fund....
...They join from Moelis and Sun European Partners, respectively....
...These include so-called net asset value financing, which involves a buyout firm borrowing against a portfolio of assets....
...But a sudden rise in interest rates beginning in 2022 left Tiger badly exposed to plunging valuations and holding a bloated portfolio of private investments with limited paths to exit....
...Willkie Farr & Gallagher elected 25 new partners, effective January 2024....
...“At a time when many investors are struggling to create realisation opportunities for their portfolio and limited partners, Vista has delivered consistent returns,” Smith noted, according to someone who...
...Meanwhile, Tiger said Connie Lee, a partner at the firm who joined five years ago, had left the fund....
...As a result, this portion of the fund’s portfolio has been written down to zero....
...The acquisition, announced on Tuesday night, also marks a push into a new region as the company navigates a stark downturn in its US portfolio as a result of rising interest rates and inflation....
...“The dynamic of private equity putting more capital into some of these capital structures, this is not the last of that,” said Michael Patterson, a governing partner of HPS Investment Partners....
...The new fund, which included investors Goldman Sachs Asset Management, ICG and Neuberger Berman, also raised new cash for CAA to buy agency ICM Partners....
...We do cash flow testing and scenario testing and provide a granularity to our portfolio that very few institutions, if any, can match....
...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....
...later, her disruptive successes have put paid to much of the nepo baby-centric speculation that initially surrounded her appointment – and made Rosewood popular with the industry’s blue-chip investment partners...
...On Wednesday, Silver Lake added BDT & MSD Partners — the private capital firm founded by Byron Trott and Michael Dell — to the consortium....
...The losses that banks suffered holding US Treasuries has prompted a broad rethink of the risks that interest rates pose to banks’ portfolios of securities....
...Vista had invited him to its annual portfolio company convention, CXO, later that year....
...Křetínský’s portfolio includes stakes in the UK’s Royal Mail, grocer J Sainsbury, and West Ham football club as well as German wholesaler Metro and US sneaker chain Foot Locker....
International Edition