Hints and tips:
...Nestled at the top of a hill and shrouded behind trees and fences, Son’s European-style villa is now mostly hidden from passers-by....
...In doing so, they have been increasingly muscling out the traditional Sand Hill Road VC merchants, who like to think they know best how to fund the future....
...JPMorgan recently took a hit while shifting £1bn of debt backing online UK gambling company 888’s takeover of rival William Hill’s operations outside the US....
...Private lenders including Ares Management, Oak Hill and Blue Owl stepped in to provide a $4.8bn senior private loan....
...The firm’s exit from the 185,000 sq ft building, Hill House, follows its decision last year not to reopen another of its four New Street Square offices after pandemic lockdowns....
...Investors in PacWest will receive 0.6569 of a share of Banc of California for each unit of stock they own....
...Blue Owl, Ares, Oak Hill, HPS Investment Partners, Oaktree and Elliott Management were among the investors that agreed to lend the $4.8bn this week....
...Nuveen bought European debt manager Arcmont last year, while T Rowe Price purchased Oak Hill for $4.2bn in late 2021....
...Other firms are also studying complex deals in private markets to unearth new investor cash....
...Perella Weinberg Partners has promoted managing directors Anthony Giuliano and Cory Hill to partner. They’re based in New York and Los Angeles, respectively....
...So he changed his mind and quit Timber Hill for Millennium. His about-face turned out well for Millennium’s investors....
...I’m not quite ready to die on this hill, but I reckon that multistrats should essentially be seen as a souped-up, better version of old-school fund-of-funds....
...The share price took a turn for the worse after chief executive Chris Hill laid out a new strategy, which will boost investment in the business and cut the amount of capital returned to shareholders....
...increasingly influential crop of lenders also financed the $6.2bn takeover of Vista-controlled cloud service provider Datto by its rival Kaseya on Monday, with Golub, Blackstone, Ares, Owl Rock Capital, Oak Hill...
...Investors can no longer count on ever-rising stock market multiples to drive their profits....
...At the Milken Global Conference in Beverly Hills on Monday, Rowan emphasised debt investing as the driver of Apollo’s growth....
...He stayed with the firm, becoming a prominent investor in the education sector....
...Last year Apollo sold McGraw Hill, a rival textbook publisher and education company targeting school, university and workplace markets, to Platinum Equity for $4.5bn....
...Normally we’re all for anyone who rattles Sand Hill Road but judging by the performance of venture capital funds in the first quarter, something has gone very seriously wrong of late....
...Apollo would have doubtless used its experience with McGraw Hill, bought in 2012 for $2.5bn and sold last year for $4.5bn, to help improve returns....
...He did, however, become an investor in Ark, following a recommendation from one of its clients: DePasquale’s son, Reverend Adam DePasquale, another of the lead pastors at Walnut Hill....
...There is much more room for allocations in the wealth management channel to increase,” said Rob Sharps, chief executive of T Rowe Price, which last year bought alternative credit manager Oak Hill....
...Aside from direct investments, most wealth deals were executed by portfolio companies owned by private equity, such as Leonard Green-backed serial acquirer Mariner Wealth and Oak Hill-backed Mercer Advisors...
...Investors’ confidence in art has risen to the highest level since 2014....
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