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...“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...
...One of Silicon Valley’s most prominent venture capital firms, Lightspeed Venture Partners, is seeking to use a private equity-style structure to sell $1bn worth of start-up stakes and free up cash to return...
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Many large private equity firms use whitelists....
...Its deal is the biggest private equity investment in the sector so far, and the firm’s retired partners are not pleased, the FT’s Stephen Foley reports....
...A new generation of venture capital groups, such as Ara Partners and Energy Impact Partners, has also emerged, placing sustainable investment goals and decarbonisation at the centre of their strategy....
...Private equity group Carlyle will take control of Southend Airport after sealing a deal to resolve a row over a loan made during the pandemic....
...“It creates an equity culture so that partners are focused on how to grow the equity value of the business and not just their own individual book of business.”...
...A former cruise line executive and McKinsey Group partner, Hagen founded Viking Cruises in 1997 with four vessels running mostly on European river routes....
...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
...Somebody is buying RuneScape again: Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry...
...Deep down in a press release about Universal Music and little-known investor Dundee acquiring songs owned by the private equity group, it was put plainly: “KKR will exit [its music catalogue] Chord upon...
...After leaving Goldman Sachs, he worked at hedge funds the Children’s Investment Fund and Theleme Partners....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...The FT in late 2020 was the first to report about a Southern District of New York decision in which Judge Kevin Castel ruled that Mohammed Ali Rashid, an Apollo private equity partner, breached his duties...
...Two of the world’s biggest private equity groups have reported starkly diverging fortunes as KKR boosted its fundraising expectations while Carlyle axed jobs as part of a cost-cutting drive....
...Instead, it filed in the Southern District of New York, claiming that venue by virtue of the fact that the non-equity general partner in some of its entities partnerships was a New York corporation....
...Barclays has agreed to sell approximately $1.1bn worth of credit card debt to private equity firm Blackstone, as the British bank steps up efforts to move assets off its balance sheet in advance of more...
...Linklaters has hired Richard Spedding as a partner for its corporate team in London, focusing on mergers and acquisitions. He previously worked for Travers Smith....
...Private equity managers were under pressure to sell assets and return more capital to their investors, known as limited partners, and corporate M&A was up 30 per cent year on year from a quiescent 2023,...
...Nat Zilkha, a former KKR partner who had led the firm’s recent music push, said higher interest rates had increased the attractiveness of non-music investments “that are closer to home for lots of these...
...CT Fitzpatrick, chief investment officer of Vulcan Value Partners, a large Carlyle shareholder, commended Schwartz’s deliberate approach....
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