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...David Luboff, KKR’s co-head of Asia-Pacific and regional head of infrastructure, said he expected more dealmaking activity this year after a dearth in 2023, with many new sources of capital, including direct...
...Iberdrola will direct the biggest portion of a €41bn investment plan to the US, shrugging off the impact of a possible Donald Trump presidency on America’s flagship green energy policy....
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...News round-up Amanda Staveley in court bid to prevent shipping tycoon from pushing her into bankruptcy (FT) Direct Line rebuffs £3.1bn offer from Belgian insurer Ageas (FT) Daniel Křetínský drops plans...
...In addition to energy investments, Carlyle has been investing heavily in energy infrastructure and the “energy transition” of shifting power generation to lower carbon-emitting sources such as renewables...
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...While conventional energy companies such as Shell are focused on changing how energy is supplied, KKR could also invest in areas including vehicle electrification, hydrogen consumption and battery systems...
...Ithaca said it expected production for 2024 to be between 56,000 and 61,000 barrels of oil equivalent per day, reflecting a “reduction in investment in near-term projects” as a direct result of the UK levy...
...Aidan Barclay — the son of Sir David Barclay, who with his brother Sir Frederick created the Very Group from the former Littlewoods and Shop Direct businesses — will assume the role of non-executive chair...
...The most efficient cables, which are high voltage direct current or HVDC, lose about 3 per cent of their energy per 1,000 kilometres....
...Large utility, telecommunications, energy and technology groups are selling off assets to private buyers to bolster profits, fuelling what KKR expects to be trillions of dollars in investment opportunities...
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...Instead, the government investment suggests that the company will replace the blast furnace with the direct reduction process which is more energy efficient....
...Smart reads The toxic tycoon Mike Ashley, the retail tycoon behind Sports Direct, is suing Morgan Stanley over a $1bn trading row, The Sunday Times writes....
...Infrastructure Investing today spans from toll roads to energy assets and semiconductor factories....
...“I’ve heard Jon Gray direct, eulogising about him,” said one of the people who had dealings with the private equity executive....
...This makes investment in clean technologies — including electric arc furnaces to recycle scrap metal and direct reduction facilities — look attractive....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...Pete Stavros, co-head of private equity at KKR, for example, has in recent years thrown huge energy into an initiative called Ownership Works, which gives a stake in private equity-owned companies to employees...
...And Anglo investors who want direct exposure presumably already own what they need....
...Insufficient progress has been made in fostering greater innovation and adoption of technology led by generative AI, life sciences and the green energy transition....
...Goldman executives say their efforts to grow alternative funds have been aided by the decision to start giving managers of alternative funds a direct stake in their profits, known as “carry”....
...Foreign direct investment is robust but below records as a percentage of gross domestic products. López Obrador’s six-year term is set to end with almost no GDP per capita growth....
...The size of the direct lending market is too small ($530 billion of deployed capital) and financial leverage is low (both among GPs and LPs), two factors that greatly limit the risk of contagion from one...
...In 2022, direct lenders saw a noticeable uptick in “Mega Tranche” deals....
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