Hints and tips:
$60bn real estate vehicle is part of push to reach wealthy retail investors
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
Investors seeking shelter from inflation plough money into airports, toll roads and pipelines
...Lightspeed, which has $25bn in assets under management and has made early investments in Snap, Rubrik and Nest, had approached investors about selling a portfolio of 10 holdings it values at roughly $1bn...
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...Blackstone already part owns Hipgnosis Song Management (HSM), the manager and investment adviser of Hipgnosis Songs Fund (HSF), although its new offer is separate to that holding....
...One scoop to start: Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternatives group uses acquisitions...
...Disney has also hired JPMorgan as an adviser in negotiations to buy the remaining stake of streaming service Hulu from rival Comcast....
...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...In a report on Thursday, Institutional Shareholder Services said that Peltz “could be additive to the succession process” once Disney chief executive Bob Iger steps down....
...It said: “We are comfortable that management has a viable plan to address the important matters facing the company.”...
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Pressure eases on Breit after dash for withdrawals caused the group to put limits on requests
...The new financial benchmarks signal rising optimism at the investment group after a period of stagnation and management turmoil....
...One sign of this emerged on Monday, when FT calculations revealed that the leaders of entities such as Blackstone, KKR, Apollo Global, Ares Management and TPG enjoyed a more than $40bn rise in the value...
Best-performing managers’ punchy bets on stock markets paid off in 2023
...For BXPE, Blackstone is taking 12.5 per cent of the profits along with a management fee of 1.25 per cent — somewhat less than the traditional “2 and 20” structure....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...The as-yet unnamed service is expected to launch later this year....
...Blackstone, with $1tn in assets under management, is the world’s largest alternative asset manager....
...Because 198 days before filing for bankruptcy (just outside the 180 day requirement under the bankruptcy venue statute), Purdue changed the service of process address for its non-equity general partner to...
...Canada’s Brookfield Asset Management also studied a bid but decided not to move forward, said two people briefed on the matter....
...The share gains were fuelled by its fast-rising assets under management, which eclipsed $1tn for the first time, and its inclusion into the S&P 500 index....
...We think this risk is also low, considering a broad range of liquidity and capital solutions that are available to both GPs and LPs....
...Blackstone’s credit and insurance division will buy the US credit card receivables from Barclays for an undisclosed sum, and the bank will continue to service the accounts for a fee....
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