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$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....
...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...
Investors seeking shelter from inflation plough money into airports, toll roads and pipelines
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...Blackstone also part owns Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund....
...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....
...Respondents were asked to indicate the sectors or consulting services in which they had collaborated with a management consultancy in the past four years....
...“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.”...
“Does this seem like fair journalism to you?”
...Gray said that while US apartment construction had soared in recent years, an ongoing “housing shortage” in America would keep pushing rents higher in a boon for landlords like Blackstone....
...Sunak’s visit to the construction site in Mayfair came on a busy day that included the first meeting in 2024 of the prime minister’s business council. But it was not officially announced by Number 10....
Pressure eases on Breit after dash for withdrawals caused the group to put limits on requests
...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...
...The new financial benchmarks signal rising optimism at the investment group after a period of stagnation and management turmoil....
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....
...The as-yet unnamed service is expected to launch later this year....
...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...
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...Blackstone, with $1tn in assets under management, is the world’s largest alternative asset manager....
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