Hints and tips:
...Investors got the chance to sell stakes in the earlier fund at a value of 81 cents on the dollar, on the condition that buyers ploughed half that amount into the new fund, known as Carlyle Partners VIII....
...Goldman Sachs advised the vehicle to be funded by CVC Capital Partners Fund VIII and Haveli Investments. The deal is subject to regulatory approvals....
...It eclipses a $3.8bn loan Hellman & Friedman and Permira raised to fund their buyout of Zendesk in 2022....
...Carlyle recently closed the successor US buyout fund, CP VIII, at under $15bn in total commitments — 20 per cent less than the predecessor fund, and far less than an initial $27bn target set by Lee....
...Buyout firms have been hit particularly hard as the cost of the debt they use to fund their deals has increased significantly....
...would pay 81 cents on the dollar and also plough half that amount into the new fund, known as Carlyle Partners VIII....
...Now consider that same 2 per cent levy applied to the largest fund raised to date — Blackstone’s $26bn Capital Partners VIII fund. That would chuck off $520m — or 193 times as much....
...No explicit guidance on returns for the new fund, known as BCP VIII, was provided at an investor day in New York in September....
...Bain Capital spread its investment in the retailer over multiple funds, according to the SEC filing. Much of the investment came from its $4.1bn Bain Capital VIII fund, raised in 2004....
...But the asset class is proving more durable than that, judging from the €4.3bn raised by Apax Partners in the first instalment of its Apax VIII buyout fund....
...Markets: down Brics ready to pay EU loans only via IMF Leading emerging market countries have shifted further towards channelling any rescue loans to the eurozone through the International Monetary Fund...
...Two US private equity funds are paying $436m to take over Landmark Aviation, one of the leading US operators of service bases for users of private jets, from Dubai Aerospace Enterprise....
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