Hints and tips:
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...The New York-based investor, which manages nearly $500bn in assets including a $15bn Asian private equity fund, wants to invest more of the group’s own balance sheet directly into Japan and fast-growing...
...Asia-Pacific deals dropped 28 per cent....
...Earlier this year, Carlyle began studying ways to sell its stake to large limited partners such as sovereign wealth funds, according to people familiar with the matter....
...“The main question from LPs is why China right now, and it’s a really hard question to answer,” said a Beijing-based investor, whose fund has been unable to raise new capital....
...However, rating agency Moody’s noted that the funds would not be released without “lender approval” or certain “amendments” to terms....
...North American private-credit funds have on aggregate called more capital from investors than they’ve distributed for several years now....
...One of the parts of the proposed rules that has sparked much concern is a carve-out for US limited partners (LP) — the endowments, pension funds and charities that put money into venture funds....
...Last week, Canary Wharf raised £300mn in new money to help fund its expansion....
...The strike, involving as many as 900 workers, is being held in protest against plans by the department store’s owner, 7&i Holdings, to sell the 10-store Sogo & Seibu chain to the US investment fund Fortress...
...LPs finding themselves overcommitted to the asset class on the tail-end of the decade-long boom are also selling stakes in large buyout funds in the secondaries market, selling at up to 20 per cent discounts...
...“We’re highly confident that there’s other mezzanine financiers who will come in. So $2bn from equity partners. It’s not going to be very hard.”...
...In 2020 Magomedov and associates sought to raise funds from an investor linked to Vladivostok’s governor and DP World to buy out TPG’s stake in Fesco, according to the filing....
...We’ve gathered more intel on how the “news hedge fund” will work....
...the Chinese fund’s decision making and operations....
...A few corporate buyers have helped private equity LPs this year....
...“Over the past couple of years Sequoia has faced a lot of pressure from the US side on its China business,” said one consultant to LPs in China....
...He was most recently a partner and head of credit at hedge fund Silver Spike Capital....
...“You can verify my advice with certain hedge fund managers in the US who have been wrong about the Hong Kong dollar, time and again,” he added....
...Outside of private equity, the Japanese government-backed fund JIC also took part in the first round of bidding....
...The interest from KKR and Blackstone comes after Bain in April secured qualified support for a buyout deal from Toshiba’s largest shareholder, Singaporean investment fund Effissimo....
...Hitachi has been shedding listed subsidiaries, selling Hitachi Metals to US investment fund Bain Capital and others a year ago....
...Previously, he had run campaigns to replace management at Canadian Pacific Railway and industrial giant Air Products and to break up consumer goods conglomerate Fortune Brands....
...Job moves FedEx has named Amy Lane and Jim Vena to its board after activist pressure from hedge fund DE Shaw....
...The announcement, made days before Tiger notified LPs of its fundraising push, said that Curtius would stay for a months-long transition....
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