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...One scoop to start: Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternatives group uses acquisitions...
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...BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager....
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...The New York-based group bought a majority stake in Mercuriadis’s management company in 2021 — Hipgnosis Song Management — which collects fees for overseeing the listed Hipgnosis fund....
...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....
...Cue uplifting videos of workers at entities such as CHI Overhead Doors, a Michigan manufacturing company, celebrating their financial gains....
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...“I want to thank our shareholders for their trust and confidence in our board and management,” Iger said....
...Those asset sales are propelling the growth of KKR’s credit business, which has become the group’s largest business line by assets with $219bn under management....
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...“Like coal-powered plants — there are examples of debt-driven dividend recaps, saddling portfolio companies with interest payments, charging exorbitant management fees; none of that is going to the type...
...An influential shareholder advisory group has recommended that Disney’s investors support Nelson Peltz’s pitch for a seat on its board of directors, breathing life into the billionaire activist’s struggling...
...It said: “We are comfortable that management has a viable plan to address the important matters facing the company.”...
...The Houthi rebel group claimed responsibility for the attack on Wednesday evening local time....
...Apparently, Apollo Global Management has other priorities....
...It is part of a flurry of asset sales that have tided over LPs. Since early 2023, Silver Lake has struck deals to sell down $20bn in investments, the group told its investors....
...The new financial benchmarks signal rising optimism at the investment group after a period of stagnation and management turmoil....
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...For BXPE, Blackstone is taking 12.5 per cent of the profits along with a management fee of 1.25 per cent — somewhat less than the traditional “2 and 20” structure....
...of telecommunications group Brightspeed....
...Efforts at Gucci to turn around its business under new designer Sabato de Sarno as well as new management after several years of declining sales have yet to bear fruit....
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