Hints and tips:
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...It feeds into all our investment theses.”...
...Some whitelisted lenders have been reluctant to lend more to troubled companies when their investment is already under pressure....
...KKR’s co-heads prep for their first trillion When Henry Kravis and George Roberts, the billionaire pioneers of the leveraged buyout industry, created KKR in 1976 they spotted an opportunity to trim down...
...Consultancy Bain & Co has warned of a “towering backlog” of companies that must be sold so cash can be returned to investors such as public pension funds which have become overexposed to unlisted investments...
...Targeting investors with an investment ticket as small as $25,000 is a nascent strategy, but one the industry hopes will grow....
...Disney has paid JPMorgan more than $160mn in fees since 2014, more than to any other investment bank, according to LSEG data....
...Vivendi has already lost about €2.5bn of value on its investment since 2015. Shareholders should resist the urge to join its side. Rocking the boat at this stage is only going to mean further losses....
...in assets infrastructure investment unit....
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...Pete Stavros, co-head of private equity at KKR, for example, has in recent years thrown huge energy into an initiative called Ownership Works, which gives a stake in private equity-owned companies to employees...
...They added that the firm was not actively looking to exit Chord but UMG’s interest presented an exceptional opportunity to realise the value of KKR’s investment....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...In fending off the activists, Iger unveiled a host of initiatives to please investors: raising Disney’s target for free cash flow; announcing a $1.5bn investment into Epic Games; promising steep cost cuts...
...Norges Bank Investment Management, which runs the world’s biggest sovereign wealth fund and is a top-10 shareholder in Disney, is backing the board....
...In 2017, he stepped down as chief executive from the investment group with nearly $400bn in assets and has increasingly focused on philanthropy and personal investments....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...Even so, some investments are still happening....
...Big buyouts were financed by the likes of Ares Management, Sixth Street, HPS Investment Partners and Blue Owl....
...Iger made a series of announcements on Wednesday, including a $1.5bn investment in Epic Games, the group behind the popular game Fortnite*....
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
...The FT story on the deal quoted KKR co-CEO Scott Nuttall saying the following: “We are not doing this because we have to, we are doing it because we want to and this has been a home-run investment,” said...
...His efforts included a conversation with an unnamed “board member I knew at BI” and approaches to KKR co-founder Henry Kravis, its co-CEO Joseph Bae and Axel Springer’s Döpfner....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...He will not be short of money, not least thanks to his wife Akshata Murty’s £550mn stake in Infosys, the Indian IT company co-founded by her father Narayana Murthy....
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