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...“But I’d be hard-pressed to come up with a high-profile fund that’s abandoned fundraising,” he added. The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...or a return of investor capital that would “result in us having less funds available to acquire properties or other real estate-related investments”....
...UK investors have pulled out of investment funds over the past two years, withdrawing £12bn in 2022 and £11.9bn in the 10 months to October 2023, according to the Investment Association....
...KKR has made 10 investments so far from the new fund, deploying more than half of the capital across energy, digital infrastructure and manufacturing assets....
...to LPs about launching its own continuation fund, according to multiple people with knowledge of the deal....
...Some whitelisted lenders have been reluctant to lend more to troubled companies when their investment is already under pressure....
...His background in the financial sector means he’s seen by some as more of a known quantity than his predecessors: after leaving Goldman Sachs, he worked at hedge funds Children’s Investment Fund and Theleme...
...Hipgnosis Songs Fund has found itself at the centre of a bidding battle after Apollo-backed US investment group Concord topped a rival offer from Blackstone by raising its own approach to $1.5bn....
...We couldn’t immediately see a change of control covenant in this Hudson Pacific Properties bond prospectus, nor this one from Piedmont Operating Partnership LP....
...That is a small fraction of the $73bn the industry raised for retail-oriented funds last year according to investment bank Robert Stanger....
...While KKR will soon raise flagship buyout funds in North America and Asia, it is seeing its fastest growth in newer businesses targeting credit, insurance and infrastructure-based investments, which are...
...Aviation group Esken, which owns LSA, and Carlyle Global Infrastructure Fund have for months been embroiled in a legal row in London’s High Court over a £193.75mn convertible loan extended by the US private...
...Blackstone already part owns Hipgnosis Song Management (HSM), the manager and investment adviser of Hipgnosis Songs Fund (HSF), although its new offer is separate to that holding....
...To protect bondholders, the WBS has a series of covenants that lock up cash and impose other restrictions if certain metrics begin to deteriorate....
...That, in turn, will allow them to return cash to large pension funds that are at present overexposed to unlisted investments and retrenching from making new private market bets....
...new investment....
...To alleviate pressures on the fund’s liquidity as it met redemptions, Blackstone a year ago took a $4.5bn investment from the University of California that came with a high return promise....
...Vivendi has already lost about €2.5bn of value on its investment since 2015. Shareholders should resist the urge to join its side. Rocking the boat at this stage is only going to mean further losses....
...Disney has paid JPMorgan more than $160mn in fees since 2014, more than to any other investment bank, according to LSEG data....
...But the direct lending funds they manage may begin to post lower returns, investors said....
...This week, Christopher Ailman, Calstrs outgoing chief investment officer, warned that while “it’s great [private equity funds] make money for our retirees — who are teachers — and for other funds . . . they...
...since the investment bank began tracking the figure in 2017....
...Some of the biggest spenders in the boom years — including Tiger Global, Coatue, SoftBank and Insight Partners — have cut the size of their funds and slowed the pace of their investment....
...BREIT, Blackstone’s hyped retail property fund, had to restrict investors from cashing out shares for several quarters, per the limits of its investment agreement....
...investments....
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