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...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
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...It has managed the property with its partner Kryalos, an Italian real estate firm....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
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...“Instead of taking an extra dollar of compensation this year, why not be a shareholder and create an extra dollar of earnings that gets a market multiple?”...
...KKR is building its investment operations in infrastructure and property and is preparing to launch new flagship corporate buyout funds in the US and Asia....
...He pointed out that he and other LPs had written ever-larger cheques as the market boomed but are yet to see a return because exit activity has stalled. “It’s tough maths for a lot of investors.”...
...Yes,” said Klösges, adding that the lender did not believe the market was turning around quickly....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...KKR has prioritised investments aimed at transitioning the fossil-fuel based global economy to a system dependent on cleaner forms of energy, building a large climate investment operation within its $59bn...
...While the proxy battles raged, Iger tried to reassure investors that the company had shifted from “fixing” to “building” mode....
...to LPs by improperly billing hundreds of thousands of personal expenses....
...In the 20th century, it tended to be synonymous with public equity markets....
...Deep inside the nested layers of funds, companies, insurers and partnerships of Canada’s Brookfield Corporation lies a real estate business that no longer covers the cost of its debt: Brookfield Property Partners...
...SK Hynix, a maker of memory chips, is building an advanced packaging facility in Indiana....
...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....
...However, several London-listed video games developers, including Codemasters and Sumo Digital, have in recent years disappeared from the UK public markets after being taken over....
...Take Vista Equity Partners’ recapitalisation of fintech group Finastra, for example....
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...Peltz’s Trian Partners has recently upped its stake in the group and is seeking multiple board seats, after initially calling off a proxy battle earlier this year....
...But he said he did not expect property markets to snap back after years of turmoil, particularly among older office buildings hit by remote working....
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