Hints and tips:
...Mediawan was founded in 2015 by Capton, Niel and investment banker Matthieu Pigasse, as a special-purpose acquisition vehicle listed in Paris....
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...It feeds into all our investment theses.”...
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Some whitelisted lenders have been reluctant to lend more to troubled companies when their investment is already under pressure....
...KKR’s co-heads prep for their first trillion When Henry Kravis and George Roberts, the billionaire pioneers of the leveraged buyout industry, created KKR in 1976 they spotted an opportunity to trim down...
...Consultancy Bain & Co has warned of a “towering backlog” of companies that must be sold so cash can be returned to investors such as public pension funds which have become overexposed to unlisted investments...
...Two-thirds of these investments were credit transactions, rather than equity investments in projects, he said....
...Targeting investors with an investment ticket as small as $25,000 is a nascent strategy, but one the industry hopes will grow....
...Friday interview: Gilles Dellaert Gilles Dellaert, who runs Blackstone’s credit operations, joined that firm in 2020, having been co-president and chief investment officer at Global Atlantic....
...Disney has paid JPMorgan more than $160mn in fees since 2014, more than to any other investment bank, according to LSEG data....
...Vivendi has already lost about €2.5bn of value on its investment since 2015. Shareholders should resist the urge to join its side. Rocking the boat at this stage is only going to mean further losses....
...in assets infrastructure investment unit....
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...Pete Stavros, co-head of private equity at KKR, for example, has in recent years thrown huge energy into an initiative called Ownership Works, which gives a stake in private equity-owned companies to employees...
...It is part of a flurry of asset sales that have tided over LPs. Since early 2023, Silver Lake has struck deals to sell down $20bn in investments, the group told its investors....
...They added that the firm was not actively looking to exit Chord but UMG’s interest presented an exceptional opportunity to realise the value of KKR’s investment....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...In fending off the activists, Iger unveiled a host of initiatives to please investors: raising Disney’s target for free cash flow; announcing a $1.5bn investment into Epic Games; promising steep cost cuts...
...Norges Bank Investment Management, which runs the world’s biggest sovereign wealth fund and is a top-10 shareholder in Disney, is backing the board....
...In 2017, he stepped down as chief executive from the investment group with nearly $400bn in assets and has increasingly focused on philanthropy and personal investments....
...The question is how much of that activity gets pulled forward in 2024,” said John Miller, executive co-chair of global investment banking at Jefferies....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...Even so, some investments are still happening....
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