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...The Singapore Venture & Private Capital Association (SVCA) includes state funds GIC and Temasek, local and global venture firms, and buyout groups including General Atlantic, Warburg Pincus and KKR....
...Large private property trusts similar to Breit managed by investment groups, including Starwood Capital and Brookfield, also reported cash flows falling short of distributions in 2023, filings show....
...A fairly exclusive group of investors rely on them for retirement....
...If it fails to pull off a mega-deal, Conoco could go after the likes of Apache ($9bn market cap) and Matador Resources ($7bn market cap)....
...finance group, Adam Wheeler....
...“Assets are reaching the right scale . . . more are coming to the market.”...
...Last month, a group representing 109 trusts wrote to chancellor Jeremy Hunt warning that the current set-up “cannot be allowed to continue”....
...But that has been flattered by the outperformance of 3i Group. If 3i is excluded, the sector discount has shrunk by just 3 percentage points since October to 16 per cent....
...The lack of access to equity markets “definitely means we have to be more selective around the opportunities we pursue”, said Edward Mountney, fund manager at JLEN, which is listed in London with a market...
...Unhedged: I’m curious about the different risk-adjusted return profiles of private and public credit markets....
...The surge in output from private oil groups has helped drive US production to record levels....
...The trust has delivered annualised returns of 14.1 per cent over the past decade. It is an investor across the private equity spectrum, from venture capital to large buyout groups....
...The trust also has high exposure to the UK’s unloved reinsurance market, via holdings in Lancashire Group and Conduit Reinsurance, which Gergel argues trade on a modest rating compared with their European...
...Its £1bn investment trust also had a tough 2023, with the trust’s managers noting that last year was “the worst in the history of Ruffer Investment Company”....
...Castle Trust Bank, owned by US private equity group JC Flowers, is another major player in the UK healthcare loan sector....
...Older investors also favoured more volatile emerging market funds, such as the Jupiter India fund, on the back of the country’s strong economic growth....
...Meanwhile, three of the six largest vet groups — IVC Evidensia, VetPartners and Medivet — are backed or owned by private equity groups....
...The private equity trust has a market cap of £370mn and assets of £800mn. Its share price has dropped 57 per cent in the past three years....
...withdrawals in late 2022, a manoeuvre that sent the group’s public stock falling....
...Many can be mitigated using zero-trust models, says Tristan Morgan, managing director of security at telecoms group BT....
...Private equity groups stepped into fractured loan markets last year after the collapse of three large US regional lenders....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...Concern is rising about the impact of higher borrowing costs on valuations in private markets, triggering a review from the UK financial regulator that was announced in September....
...Market watchers caution it is too early to tell how enduring this trend will be....
...The expansion of scrutiny to the private sector has added to the uncertainty. Lan’s arrest in 2022 triggered a slowdown in the property market and corporate bond activity....
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