Hints and tips:
...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...The losses incurred by Blackstone, and a perception among its senior management that Bain had not been transparent in the period leading up to the insolvency, led to Blackstone executives complaining to...
...While investors have shown an appetite for higher-rated senior loans, few have been willing to price riskier junior debt....
...KKR is expected to acquire more than 30 per cent of FGS from a combination of senior employees at FGS as well as advertising company WPP, the people said....
...Deals where more than a third of the value is invested into a new fund are “considered aggressive”, said senior bankers who specialise in such transactions....
...Sunak meets a large number of senior business leaders but it was Schwarzman who joined him for a 30-minute conversation in front of top global executives and money managers at the prime minister’s exclusive...
...Carlyle has also tightened up many non-compete agreements to make them more restrictive for senior employees if they chose to defect to rivals, the people told the FT. Carlyle declined to comment....
...Slootman will remain chair and Sridhar Ramaswamy, senior vice-president of AI, will take over as CEO....
...“The fact that there’s not been a mega-deal doesn’t mean it’s going to be a bad year for healthcare M&A; quite the contrary it’s going to be a good year,” said Frank Aquila, senior M&A partner at law firm...
...The two media chiefs are now back at the negotiating table, this time over Hulu, the popular US streaming service that is home to shows such as Only Murders in the Building and The Bear....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...“Money drives everything,” says Hugh Brown, global head of financial services at BSR, a corporate social responsibility advisory group....
...The penalties include hefty fines, withdrawing access to certain services from the UK, and criminal liability for named senior executives at tech companies....
...“If you can earn 12 per cent, maybe 13 per cent on a really good day in senior secured bank debt, what else do you want to do in life?,” Schwarzman told the conference....
...The SoftBank-backed group had a huge increase in demand for its services as interest rates hit rock bottom during the pandemic....
...Covington has hired Latham & Watkins’ David Berman as head of its financial services practice in London. PGIM Investments has named Dominick Carlino as global head of alternatives....
...As a senior trading partner, I had a full picture — including the rationale — of everything the fund was investing in....
...In turn, those LPs are proving unwilling to commit new money to funds. According to data from Preqin analysed by Bain & Company, the funds attempting to raise $3tn from investors will only raise $1tn....
...Morgan Stanley veteran Seth Bergstein has joined Evercore’s technology investment banking business as a senior managing director, based in New York....
...“When we used to go [to the US], everyone wanted to talk about China,” said one senior Hong Kong-based executive who advises investment firms....
...Citi has named Reto Faber as head of securities services for Europe, the Middle East and Africa....
...Bloomberg LP is wedded to the idea of one price, one product — the ultimate bundle....
...The new AmSurg $1.1bn senior loan was provided by Angelo Gordon, Centerbridge Partners and Pimco....
...In late December, as the search for a new leader continued, Carlyle paid Clare a $4.5mn bonus to continue providing services to its private equity unit into mid 2024....
...The firm’s senior leadership and partners previously owned about 36 per cent of the company, and were expected to sell almost half of their collective stake....
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