Hints and tips:
...Longevity master Edward Thorp, the legendary hedge fund manager who mastered besting casinos, is now 91 and taking on his next challenge: beating ageing, Bloomberg reports....
...Blackstone set up Hipgnosis Songs Capital, a billion-dollar fund, after buying HSM last year....
...Just before US Labor Day last year, Bed Bath & Beyond was wired a $375mn lifeline from Sixth Street Partners....
...He was most recently a partner and head of credit at hedge fund Silver Spike Capital....
...The two financial centres have set up new fund structures, which enjoy government subsidies and are lightly taxed. They look like a direct challenge to offshore centres such as the Cayman Islands....
...Carlyle recently asked investors for an extension in raising its newest flagship $22bn buyout fund....
...KKR is backing Chord Music Partners....
...at Ansid Capital in Chicago....
...SKKY has yet to raise any funds, according to The Wall Street Journal, which reported that Kim’s mother Kris Jenner would also be a partner....
...Blackstone also set up a separate $1bn fund, Hipgnosis Songs Capital, from which to do more song deals, which HSM also advises....
...A recent Preqin survey found 86 per cent of limited partners intended to invest the same or more money in private capital this year....
...The $600mn deal, which is still being finalised, will pull funds from investors including Sequoia Capital and Abu Dhabi’s Mubadala, two of these people added, in a dramatic reversal of fortune for what was...
...Investors in the original fund, known as limited partners, are given the option to cash out or to roll into the new fund....
...The billionaire *former* activist investor on Tuesday said his fund Pershing Square Capital Management will stop running activist campaigns, choosing instead to take a quieter approach by investing in companies...
...“They’re seeking to make the UK a leading place for crypto technology within financial services,” says Jonathan Master, a partner at law firm Eversheds Sutherland....
...sheet into their investment funds....
...Vista Equity Partners’ founder Robert Smith was trying to move past his settlement of a criminal investigation last year when he admitted to hiding $200m from the taxman offshore and evading some $43m in...
...Janus Henderson, which is under pressure from Nelson Peltz’s activist Trian Partners, announced Ali Dibadj as its new chief executive to replace Dick Weil, who will retire this month....
...EQT Partners and TPG have been among its early adopters. Now CVC Capital Partners, Europe’s biggest private equity group, plans to use the same approach....
...Job moves Katie Haun, the first female general partner in Andreessen Horowitz’s history, is leaving the venture capital firm to form her own fund....
...But he forgot the most important rule of all: never mess with the Masters of the Universe....
...company’s $20bn of offshore debts....
...Those investments have yielded fat profits, delivering windfalls to the pension funds and other investors that ultimately own them, and helping lift private capital firms’ shares....
...These include the merger of the Canadian chain Tim Hortons’ Chinese business with a US-listed special purpose acquisition company backed by private equity group Ascendent Capital Partners....
...Such risk control failures have been blamed for its two most recent high-profile scandals, surrounding the collapse of specialist finance firm Greensill Capital and family office Archegos Capital....
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