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...Advocates say private equity can bring more efficiency to the profession and access to capital for critical investment, but the financial terms of such deals can prove controversial....
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...Green energy investment trusts face investor votes on whether they should continue trading as a prolonged slump in share prices hampers access to capital and presents challenges for the green transition....
...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....
...One adviser to private capital groups said the Eurovita episode meant it was “one step forward, three steps back” for private equity’s standing with regulators after years of trust-building....
...Some of the biggest have come from the banks, such as Barclays’ £10bn capital return plan, but this week’s £1bn announcement from Scottish Mortgage shows investment trusts also hope to close the valuation...
...Collectively, portfolio companies have adapted to a higher cost of capital and are funding their future growth....
...Venture capital trust investors are turning back towards the tax-efficient, high-risk asset class in a race to buy before the end of the tax year....
...He points out that some trusts are mandated to pay a dividend partly from capital, enabling them to invest in more growth-focused areas, such as biotechnology or private equity....
...There are more stakeholders to placate but there are fewer people you can trust to resolve problems....
...The trigger has often been new technology that reduced the importance of human capital....
...As the lead manager of the £3.5bn Polar Capital Technology Trust, he bet big on AI — artificial intelligence being the dominant investment theme of the post-Covid era. Well, the gamble paid off....
...A body representing global insurance regulators has called for “enhanced supervision” of private capital-owned life insurers, citing potential “conflicts of interest” and “increased risk-taking”....
...Over the past 40 years I have been an investment trust analyst, stockbroker and fund manager, helping manage RIT Capital, the Electric & General Trust and, until recently, the Mid Wynd Trust....
...They stand at around one-third for private equity trusts and around half for venture capital funds. Cynics suspect net asset values should be much lower than stated....
...Rothschild set up RIT Capital Partners, a listed investment trust investing in public and private markets that he chaired for more than 30 years....
...The Palmer Square Capital BDC is the first of a bunch of BDC IPOs in the pipeline, helped by the ravenous demand for non-bank “private credit” that Alphaville has discussed ad nauseam....
...They operate under the same US regulatory umbrella as real estate investment trusts, meaning they have to pay out 90 per cent of their earnings to shareholders....
...trust after he visited China in 1971....
...Older investors also gained exposure to technology through the Liontrust Global Technology fund and Polar Capital Technology Trust....
...On Monday Hg Capital Trust, an investment company managed by Hg, said the new transaction valued its own stake in Argus at about £52mn....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...Funds with heavy AI exposure, such as Polar Capital Technology Trust and Allianz Technology Trust, remain popular. Sales of these funds grew by 56 per cent and 58 per cent month-on-month respectively....
...The Kremlin has criticised the EU’s plan to use frozen Russian assets to fund the purchase of weapons for Ukraine, saying the move would hit trust in international law....
...The billionaire brothers, for the unacquainted, own the UK supermarket chain Asda and the petrol stations giant EG Group alongside private equity firm TDR Capital....
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