Hints and tips:
...These include Hong Kong-based Seiga Asset Management, Magnetar Asset Management and subsidiaries Blackstone Real Estate Special Situations Advisors and BX LCS....
...In terms of dislocation, this was as pronounced as it gets, where underwriters for any new transactions were essentially out of business.”...
...Oaktree and the asset manager Brookfield, which owns a majority stake in Oaktree, will invest $2bn in the new fund....
...One sector in particular has become a hot new hunting ground: accountancy firms....
...to LPs by improperly billing hundreds of thousands of personal expenses....
...Even as fundraising slows from its white-hot pace, large managers are still pulling in billions of dollars a quarter to make new loans....
...One person familiar with the issue said the vessel had changed hands to the new owners as recently as February 27. The managers’ statement said there was “no current connection with any US entity”....
Best-performing managers’ punchy bets on stock markets paid off in 2023
...Apollo’s interest in PIC was first reported by Sky News. PIC and CVC declined to comment. Reinet did not immediately respond to a request for comment....
...New York-listed Blackstone Mortgage Trust, which Blackstone began to manage in 2013 as part of a push to diversify its assets beyond traditional private equity investments, provides loans to commercial real...
...“It allows us to tap into a new pool of capital while protecting our cash and debt capacity for future investments.”...
...In the past five months, JPMorgan Chase bought First Republic; First Citizens Bank acquired much of SVB following its collapse; and New York Community Bank purchased most of Signature Bank, another failed...
...The company also had portable debt, which means that it will not need to raise new financing in a tough market....
Apollo, Blackstone and KKR among private capital groups eyeing $74bn portfolio
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...But even the Morgan Stanleys, Bank of Americas and Goldman Sachses of the world are having to reinvent themselves, explore new distribution models, and look for new clients outside of the investment world...
...Citigroup has cut 10 capital markets bankers, per Financial News....
...Listen to the new season of New York Magazine’s Cover Story podcast here....
...funds are betting that a tumble in shares of UK asset management companies including Abrdn and Ashmore will accelerate as a brutal bear market dents their investment performance and ability to attract new...
Tiger Global; Warhammer; Molly White; Sheryl Sandberg; fixed income frats; and Norway FTW
...However, the firms involved in the Zendesk financing insist these new relationships will not break....
...Citigroup has hired Dan McDow as global head of software based in New York. He joins from Credit Suisse....
...It remains on the warpath nonetheless, The New Yorker writes....
...The New York-based group already manages $18bn — out of $460bn in total — in thematic funds and Hari Ramanan, its CIO of global research strategies, cited the “potential for tax efficiency” in expanding...
...Several firms said they had taken on new debt ahead of the Federal Reserve’s expected interest rate increases....
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