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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Alongside its fourth-quarter earnings on Wednesday, the group said it would use the proceeds of its transactions to reduce debt and distribute at least $3bn to shareholders this year....
...BXPE will also not have a dedicated private equity investment team....
...The fund has sold off $1.4bn of investments and has a $21.5bn fair value, according to Carlyle’s fourth-quarter earnings results, meaning it is marked at a gain of 1.3 times....
...In the fourth quarter, Blackstone more than doubled its liability to UC, raising it from $260mn at the end of the third quarter to $560mn by the end of 2023, according to a securities filing....
...Blackstone made $31bn in new investments during the fourth quarter of 2023, the highest quarterly investment total in more than a year....
...bullishness on tequila: While Tequila has been showing early signs of a slowdown and potential signs of down-trading, we believe the category will continue to outperform the broader Spirits market in the USA...
...But on Wednesday Carlyle disclosed better than expected fourth-quarter earnings....
..., realistically, most importantly to analysts — those that travelled more than their peers in the first nine months of the year were more likely to be voted a “star analyst” by Institutional Investor’s fourth...
...In the fourth quarter of 2023, Aareal increased its loan loss provisions eightfold to €179mn, compared with just €22mn in the same period a year earlier....
...It’s a long shot at this point, given that the stock is up more than 25 per cent in the past six months (and Peltz sold 8.2 per cent of his stake in Disney in the fourth quarter, not exactly a bullish move...
...Last week Icahn Enterprises reported its net assets had dropped about 7 per cent in the fourth quarter to $4.8bn....
...Schwartz expressed optimism that Carlyle’s fundraising efforts would improve in the fourth quarter as it targeted buyouts in Japan and real estate, among other strategies....
...“Efforts to delay or derail Cfius reviews could have far-ranging consequences, damaging America’s investment climate,” she said....
...Bridgewater, which in 2022 lost its place at the top of the all-time rankings to Citadel, fell a further two places to fourth, losing $2.6bn....
...The Atlanta Fed’s GDPNow fourth-quarter growth tracker, which will incorporate all this data as it comes in, now stands at a middling 1.2 per cent. As an over-under bet, where will GDPNow end the week?...
...The “everything rally” in the fourth quarter also bolstered equity ETFs....
...Apollo’s $1.3bn private debt deal with accountancy BDO USA this month is the biggest. There have been equity purchases too....
...Schwartz said he expected improved fundraising results in the fourth quarter and has staked much of the turnaround effort on the strength of Carlyle’s brand....
...The fundraise, expected to begin in the fourth quarter, will come as Blackstone finishes pooling cash for its newest buyout fund at what’s expected to be less than an initial $30bn target, underscoring its...
...Investment Management....
...“Though some progress has been made, the USA, Germany, Japan, Canada, the Netherlands and France have all leapfrogged the UK, at a time when competition to attract international investment in energy infrastructure...
...The Securities and Exchange Commission also sued Viggiano, Forlano, Salamone, and a fourth individual, Nathan Bleckley, for allegedly trading on unlawfully disclosed information....
...US private equity group KKR is planning an initial public offering for a chip equipment maker on Tokyo’s exchange in the fourth quarter, in what would be the market’s biggest IPO since 2018....
...We couldn’t immediately see a change of control covenant in this Hudson Pacific Properties bond prospectus, nor this one from Piedmont Operating Partnership LP....
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