Hints and tips:
...Windsor joined Abrdn in October after holding the same role at housebuilder Persimmon. He previously worked at insurance group Aviva for more than a decade....
...CAA top executives including co-chair Bryan Lourd could sell a 5 per cent stake in the deal, reducing their holding in the business to about a third, according to documents shared to potential lenders....
...Big lenders such as Barclays and Bank of America have been stuck holding loans that they initially intended to sell....
...Emanuel will roll his equity holdings into the privatisation alongside other Endeavor executives....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...Last month, the company co-hosted a power grid investment summit in Houston with Dan Patrick, Texas’s lieutenant-governor....
...His investment vehicle was ultimately paid $578mn for part of its equity holdings in WeWork....
...Aggarwal co-founded the ride-hailing app Ola Cabs over a decade ago, before adding to his mobility empire by creating Ola Electric, and most recently expanding into artificial intelligence with start-up...
...Most recently he co-founded the News Movement, an organisation seeking to provide reliable information on platforms with large audiences of young people, such as TikTok and YouTube....
...Since GIC ditched its holdings in Vista, the sovereign wealth fund has co-invested with other private equity firms in deals in which Vista also participated, a person familiar with the matter said....
...One thing to start: The private equity industry is facing a “shakeout” that could result in painful losses for investors who piled into the sector without properly understanding the risks of holding illiquid...
...In the third quarter, Apollo marked up the value of its buyout holdings by 2.7 per cent, putting year-to-date gains at more than 10 per cent....
...CAA’s senior employees including co-chair Bryan Lourd could sell 15 per cent of their holdings in the agency, reducing their stake in the business to about a third, according to documents shared with potential...
...Mistry launched Xtrackers during his time as co-head of index investing at DWS, including rolling out the S&P Select Frontier Swap Ucits ETF in 2008 as the first such vehicle in the world....
...Georg Schubiger, head of wealth management, and Christel Rendu de Lint, head of investments, will become co-CEO of the Swiss investment manager from January....
...The growing gap between Endeavor and the value of its assets was made even clearer following the acquisition of talent agency rival CAA by Artémis, the family holding company of French billionaire François-Henri...
...Lourd, Kevin Huvane and Richard Lovett would continue to lead the agency and remain co-chairs, the companies said....
...GIC disposed of its holding of roughly $300mn at a discount, leaving the Singaporean fund with a loss on its investment, the people said....
...Job moves Moelis & Co has hired Moaath Alangari, the former vice-president of Saudi National Bank’s investment banking arm, as head of its Saudi Arabia business....
...“You don’t want to be the last person left holding the bag.”...
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...In a statement, Bruce Dixon and Hozefa Lokhandwala, Vice’s co-chief executive officers, said the “sale process will strengthen the company and position Vice for long-term growth”....
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...“We’re on track to outpace those projections,” says Kyle Vogt, co-founder and CEO of Cruise. “We don’t want to just have this massive safety, and convenience, and cost benefit in the US....
...Some are holding out hope that public markets will rebound, opening the door to a much wider pool of buyers of high-yield bonds and leveraged loans....
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