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...or a return of investor capital that would “result in us having less funds available to acquire properties or other real estate-related investments”....
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...AI is a key focus for investment, according to the fund’s management....
...Continuation funds can also be controversial with LPs, because they have to decide whether to lock up capital with a VC for another lengthy period or cash out potentially at a discount....
...It also raised $2bn from separate vehicles that will co-invest alongside the fund, bringing the total amount of capital raised to $30bn....
...Blackstone also part owns Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund....
...Blackstone already part owns Hipgnosis Song Management (HSM), the manager and investment adviser of Hipgnosis Songs Fund (HSF), although its new offer is separate to that holding....
...For one thing, fund management firms have adjusted their modus operandi, and path dependency limits the scope for change....
...After resigning in 2016, former prime minister and now foreign secretary David Cameron went to work for finance group Greensill Capital, and also tried (but failed) to set up a $1bn UK-China investment fund...
...Mifid 2 already It is starting to feel like at least parts of Mifid II were a really weird dream....
...With a shareholder vote set for April 3, Disney faces proxy fights with Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting the company’s share...
...One hit the container ship MSC Sky II on Monday, while the US warship USS Carney shot down another. It did not say what happened to the other two weapons....
...The figures suggest that top managers prioritise careful deployment of investors’ capital, rather than making the fund as large as possible....
...Mifid II rules came into force in 2018 and led to the separation of fees charged by investment banks to asset management clients for trading execution and research....
...Blackwells Capital, another activist, put three nominees forward, who were also denied in the vote....
...“The declining cost of capital with rates coming down and spreads coming down for real estate borrowing is very helpful.” *This story has been changed to correct the percentage figure...
...KKR’s funds plan to house assets moving off the balance sheets of corporations, banks and insurers looking to simplify their operations or fund stock buybacks....
...Private assets offer higher returns in part because fund managers need the benefit of more permanent capital that cannot easily flee during the deployment phase....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...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....
...Additionally, limited partnership agreements seemed to indicate that Apollo should be paying expenses even as the funds and LPs were getting the bills at the time....
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...However, Rokos Capital Management, run by former Brevan Howard co-founder Chris Rokos, ended 2023 up 8.8 per cent....
...And in the past year, there have been multiple signs of froth: BlackRock reckons that private funds are sitting on $4tn of capital (aka “dry powder”) they have been unable to deploy; funds are shuffling...
...Disney is facing proxy battles with Nelson Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting its share price....
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