Hints and tips:
...Jana Partners, the prominent US activist fund with around $2bn in assets, announced on Wednesday that it would work alongside Cannae Holdings, a financial sponsor holding company....
...With debt expensive and public market valuations high, some private equity players say acquisitions of partnerships could have more upside than other deals, and they point to lucrative exits on older buyouts...
...His investment vehicle was ultimately paid $578mn for part of its equity holdings in WeWork....
...Financial markets closed Results: Ferretti FY, Lend Lease HY, MoneySupermarket.com FY, Reliance Worldwide HY, Wilmington HY Tuesday Australia: central bank releases monthly monetary policy minutes Canada...
...Munger is no fan of private equity, but his saying lends some valuable insight into how Apollo Global Management, one of the world’s largest investment groups, is being organised under its chief executive...
...The Abu Dhabi conglomerate later posted on X reaffirming its “partnership with Adani”, despite the stock sale....
...Some are holding out hope that public markets will rebound, opening the door to a much wider pool of buyers of high-yield bonds and leveraged loans....
...Instead it is on its fourth “vice-president of finance” since the 2018 initial public offering, if a period when founder Huang added the job to his duties is counted....
...But Fortress is now, in effect, becoming a private partnership again, unwinding the New York investment group’s run in the public spotlight....
...News round-up FDIC to hit biggest US banks with $16bn bill for SVB clean-up (FT) Blackstone in talks with US regional banks over lending partnerships (FT) BBC review finds outgoing chair Richard Sharp...
...For companies, among the biggest risks of getting it wrong is losing public trust....
...That’s when there was a debate about whether China’s Treasury holdings were more of a point of leverage for them or for us....
...We need partnership with philanthropy and the private sector....
...This dilemma opened up the opportunity for private assets whose returns are presented as a hedge against public market gyrations....
...What Liberty Media really owns is a group that leases the exclusive commercial rights to the world championship from the FIA until the end of 2110, under a 100-year contract....
...It really lends momentum to this sense that Labour is a government in waiting, and I don’t think that it cuts through with the public at large, but I think it has a real influence on opinion formers, on...
...Iervolino has been adding film studios to its sites in partnership with music producer David Tickle, who is the other co-founder of WWPS....
...TDR invests on behalf of institutions including public pension funds and endowments....
...“If as a general partnership I want capital for any reason, there are lots of options besides needing to go public,” said Saul D Goodman, head of alternative asset management banking at Evercore....
...Toys “R” Us, for instance, fell into restructuring....
...Multinationals in lower-tech sectors have long struggled with the country’s at times erratic transport and public utilities....
...Cardinale, the founder of US investment group RedBird, had just sealed a €1.2bn deal to buy AC Milan from hedge fund Elliott Management but, before announcing it to the city’s football-mad public and media...
...Wood turned to Todd Boehly, founder of Eldridge Industries, a holding company that makes investments, to lend Ark the funds to repurchase Resolute’s option and later reward Ark’s top employees with a share...
...But what exactly is Aggregate Holdings?...
...He enrolled in New York Law School and clerked for a judge in the US Bankruptcy Court of the Southern District of New York....
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