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...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...“We think VCs can’t just use the excuse that the IPO window is closed, they need to take a page out of the private equity playbook and build more consistent liquidity that LPs can count on,” said Michael...
...Many large private equity firms use whitelists....
...Blackstone’s flagship property fund failed to generate enough cash to cover its dividend last year, putting strain on a vehicle the private capital group views as a beachhead in the retail investor marketplace...
...The council will next week meet to consider handing the US private equity firm long-term control of the site in exchange for up to £110mn in funding for local development....
...Train’s £3.9bn WS Lindsell Train UK Equity fund, which was launched in 2006, invests mainly in UK equities, which have performed poorly in recent years....
...sell a majority stake to private equity investors....
...Making private equity-style buyouts available to smaller investors has obvious attractions. It is a new source of funds....
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...Concord’s offer on Wednesday will again throw the future of the music rights company into question, with those close to Blackstone saying the private equity group was considering its options....
...Some private equity leaders understand this, and have tried to counter unpopularity....
...In 2023, private equity groups saw their stockpile of unsold investments surpass a record $3tn....
...Private equity group Carlyle will take control of Southend Airport after sealing a deal to resolve a row over a loan made during the pandemic....
...Private equity buyers see an opportunity that has sometimes played out inside their own firms....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
...Weeks before the gathering, Carlyle had executed the first round of lay-offs in its private equity unit since the 2008 financial crisis as it struggled to raise new money from investors....
...“I’ve heard Jon Gray direct, eulogising about him,” said one of the people who had dealings with the private equity executive....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...Other firms, including Blackstone and Hg, have sought cut-rate loans for new deals, with banks and the direct lenders of the private credit industry often being played against each other as private equity...
...Last year, Schwarzman crowed about the attractiveness of private lending....
...The initial sum raised by the fund, called Blackstone Private Equity Strategies Fund, or BXPE, is Blackstone’s largest ever for a retail vehicle....
...Schwarzman’s near-$900mn haul came mostly from almost $780mn in dividend payments because of his ownership of nearly 20 per cent of the private equity group he co-founded....
...Carlyle Group chief executive Harvey Schwartz laid out new targets for the private equity firm’s growth and profitability on Wednesday, as the former Goldman Sachs executive seeks to persuade shareholders...
...Given negative net capital distributions for the past several years, lenders with skewed cash-pay/PIK proportions may feel greater pressure from LPs to sell down portfolios in order to manufacture distributions...
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