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...He is also bringing an unfair dismissal claim against Accenture after he was made redundant as part of the firm’s plans last year to cut roughly 19,000 positions globally....
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...The technology investor plans to roll the assets into a new vehicle common in the private equity industry known as a continuation fund which Lightspeed would continue to manage, the people said....
...A slowdown in dealmaking and lack of IPO prospects have prompted fund managers to embrace more creative financial engineering techniques to return capital to their LPs....
...That plan was thwarted partly by falling equity market valuations that would have made it more difficult to raise funds to pay audit partners....
...Afterwards, the fund will charge a management fee of 1.25 per cent of assets and a 12.5 per cent performance fee above a 5 per cent annual hurdle rate....
...It’s a question of ‘do Elon’s plans make sense and was the price sensible’. Right now obviously not, but it’s too soon to tell.”...
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...All the cases shared similar traits — employees were mentioning conditions such as autism and ADHD for the first time once they had been put on some form of performance management plan or were facing dismissal...
...“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.”...
...Carlyle also set out plans to appease shareholders by changing the way it pays dealmakers, mirroring steps taken by Apollo, Blackstone and KKR....
...No wonder a survey from KKR this week also showed that 28 per cent of family offices plan to invest more in private equity. For private credit, the figure is 45 per cent....
...Blackstone, with $1tn in assets under management, is the world’s largest alternative asset manager....
...Kemble is the company set up to raise finance for Thames Water, which needs the cash to service its massive debt load....
...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....
...The person added that a further part of the CVC’s plan is to expand the game’s reach, and improves its mobile version....
...After years of speculation, Disney on Wednesday made it official: it plans to buy the remaining third of Hulu that it does not own from rival Comcast....
...“Money drives everything,” says Hugh Brown, global head of financial services at BSR, a corporate social responsibility advisory group....
...BCRED plans to hold the equity of the CLO, which will help avoid potential conflicts over how it decides what loans remain in BCRED and what go into the new CLO, two people said....
...It had already reportedly banked a four-times return on its investment in management consultancy AlixPartners between 2012 and 2016....
...The plans come after the Office for Budget Responsibility estimated that extra welfare spending and lost tax revenues linked to health-related economic inactivity costed the state about £16bn a year more...
...Vivendi has previously rejected plans to separate the network from the group’s services business, saying Telecom Italia had undervalued it....
...Investors have also questioned the future of the Hulu streaming service....
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