Hints and tips:
Related Special Reports
...Funds not earning enough to handle dividend payments are often forced to cut payouts....
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...in addition to private equity players....
...Brokers and analysts have blamed a combination of cost of living pressures, higher mortgage rates and the underperformance of UK equity markets compared with US equity and global fixed-income markets....
...Hedge funds are challenging private equity firms over restrictions that dictate who can lend to or buy the debt of buyout-backed companies, weighing legal action to capitalise on a surge in corporate distress...
...LPs in large venture firms, including Andreessen Horowitz, Josh Kushner’s Thrive Capital and David Sacks’ Craft Ventures, had also sold stakes in funds over the past 12 months using the secondary market,...
...sell a majority stake to private equity investors....
...Making private equity-style buyouts available to smaller investors has obvious attractions. It is a new source of funds....
...Concord will provide the majority of the equity financing, with a minority of equity as well as debt from asset manager Apollo....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...In the 20th century, it tended to be synonymous with public equity markets....
...“Once upon a time you couldn’t buy shares in emerging market tech so you bought an investment trust,” said one hedge fund executive....
...The market has grown in importance to large private equity groups as institutions that have excess exposure to unlisted investments refrain from committing to new funds....
...With debt expensive and public market valuations high, some private equity players say acquisitions of partnerships could have more upside than other deals, and they point to lucrative exits on older buyouts...
...Though Blackstone is not expecting a quick recovery in property markets and high interest rates continue to pressure many investments, it is returning to the offensive....
...“You have the China complications, but you also have the broader market complications,” said Waldrop. “For those [China-focused] funds it’s a particularly acute issue.”...
...The 10 largest stocks in the MSCI All Country World Index now account for 19.5 per cent of the widely followed benchmark of 23 developed and 24 emerging countries....
...GQG’s flagship EM Equity Fund has cut its China allocation to 5 per cent from 40 per cent and redeployed the capital to markets from India to Saudi Arabia over the past five years....
...Flows into emerging market equity exchange traded funds marked a new record in February, as activity by China’s “national team” appeared to continue at pace....
...“Market conditions are evolving and the investment team needs latitude to deploy capital intelligently to keep the fund on track for sustainable returns.”...
...Emerging market currencies fell against the dollar on Tuesday following the strong US data and have struggled to find firm footing since....
...Hedge fund Cyrus Capital will meanwhile convert a loan made to Esken into equity, picking up the company’s new minority stake in the airport, which is located 36 miles east of central London....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
International Edition