Hints and tips:
...Lightspeed, which has $25bn in assets under management and has made early investments in Snap, Rubrik and Nest, had approached investors about selling a portfolio of 10 holdings it values at roughly $1bn...
...US institutional investors are selling more of their private equity holdings at a discount as they cut exposure to the illiquid asset class....
...The last owner before Carlyle was the asset manager Macarthur Fortune Holding, which paid $530mn to buy Jagex in 2020 from Shanghai Hongtou Network Technology....
...Since then KKR has increased its holding to 39.9 per cent. During this roughly eight-year period, Marshall Wace’s assets under management have almost tripled, from $22bn to $62bn....
...Recently, KKR renamed the asset stockpile “strategic holdings” and has begun telling shareholders it will turbocharge growth....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
...While shares in Icahn Enterprises haven’t recovered and Icahn’s holding company’s net assets have continued to shrink because of hedging losses, the famed activist investor has marched on....
...In 1999, it spun out its assets into Novo Holdings. While Kutay and his team manage the foundation’s assets, Ozempic and Wegovy sales have helped it become the world’s largest philanthropic group....
...Blackstone has also recently moved to add to its own luxury retail holdings. It is in talks to buy a £230mn property on London’s New Bond Street....
...IMI was also left with a £600mn debt behind the Very Group and other family assets. Rani R....
...of this emerged on Monday, when FT calculations revealed that the leaders of entities such as Blackstone, KKR, Apollo Global, Ares Management and TPG enjoyed a more than $40bn rise in the value of their holdings...
...“CVR is the key thread holding what’s left of his empire together,” Anderson told the FT earlier this year....
...Schwarzman’s holdings in Blackstone have increased in value by about $12bn since the beginning of 2023, while Gray’s shares have gained more than $2bn, according to the Financial Times’ calculations....
...Its largest holdings included Alphabet, Canadian National Railway, Visa, General Electric and rating agency Moody’s as at the end of September, according to a regulatory filing....
...MainFT says the sale to CVC and Haveli Investments is worth “about £910mn”, marking a substantial increase in the valuation of Jagex — which Carlyle bought from Macarthur Fortune Holding for (just) £502mn...
...Founded in 2001, Jagex has had several owners, including asset manager Macarthur Fortune Holding, its most recent before Carlyle....
...The most important variable for gold prices, historically, is real rates, the opportunity cost for holding a yield-free metal....
...It manages $22bn in assets....
...KKR will divide its operations into three business segments: fee-related earnings from its asset management operations, insurance earnings and balance sheet assets called “strategic holdings”....
...Discounts among trusts holding listed equities have moved into the mid-teens. These value gaps are commonest during crises....
...The risk is that some LPs either underestimated their liquidity needs or shifted their asset allocation strategy years after committing capital to the asset class....
...A slowdown in dealmaking and lack of IPO prospects have prompted fund managers to embrace more creative financial engineering techniques to return capital to their LPs....
...A review of Inclusive’s holdings shows that some of its biggest sustainable investments, such as vertical farming start-up AppHarvest and sustainable fibre company Unifi, lost most of their value after the...
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
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