Hints and tips:
...US manager BlackRock paid $12.5bn to acquire Global Infrastructure Partners to create the world’s biggest infrastructure firm, while Australian bank and investment group Macquarie raised a record of more...
...The record haul comes as other large asset managers including Blackstone and KKR, and specialised infrastructure investors such as Global Infrastructure Partners, have raised substantial new funds or are...
...Global bosses have argued a separation would free EY from conflict of interest rules that prevent consultants working for audit clients....
...Apparently, Apollo Global Management has other priorities....
...A case in point: Moore Global, a global network of more than 200 mid-size accounting firms with annual revenue that rose 15 per cent last year to $4.5bn, said more than half its revenue growth in 2023 came...
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...Andreessen Horowitz raised $4.5bn to target crypto; ex-Andreessen partner Katie Haun’s new crypto fund raised $1.5bn; Tiger Global Management raised $12.7bn in one the largest venture funds ever....
...Saudi Arabia in particular has spent billions of dollars in a push to dominate the global industry, with its wealth fund-owned Savvy Games Group leading its deals....
...Run by former Moelis partner Kasim Kutay, the life sciences investment group is swimming in cash thanks to dividends from the drugs....
...KKR last month said it would buy the remaining stake in Global Atlantic, the life insurer it took control of two years ago....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
...Two private capital groups, New York-based Global Infrastructure Partners and Sweden’s EQT, are each working to raise $20bn-plus funds next year....
...But many banks have curtailed the types of lending they offer since the global financial crisis, opening the door to so-called non-bank lenders....
...Take Vista Equity Partners’ recapitalisation of fintech group Finastra, for example....
...The industry has been focused on patent expiries during the second half of the decade “for a long time”, noted Tom Davidson, a partner focusing on life sciences at investment bank PJT Partners....
...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...
...“I told our team, don’t do that,” the managing partner at one large private equity firm said. “It is a real short-term opportunity.”...
...“So the LPs have more leverage today than they’ve often had.” Questions over questionnaires One of the things LPs are looking for is better disclosure on ESG performance....
...Attacking global warming, for example, “that’s like a 10-times-your-money deal” for companies with successful solutions, he said....
...Job moves BDT & MSD Partners’ global head of client services Dina Powell McCormick will join the board of ExxonMobil, as of January 1....
...Adidas and Prada collaborated with Polygon Studios to build the project on the Polygon network....
...One scoop to start: Apollo Global Management improperly agreed to pay $570mn to cover the tax bills of its top executives as part of a shake-up aimed at distancing the private equity firm from its scandal-plagued...
...Hoxton Ventures has named Bryan Gartner as a partner in London. He was previously a partner at Khosla Ventures....
...It also makes sense that some partners at global audit/consultancies might like to sell up, particularly those closer to retirement age. Deals have not been very large so far....
...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....
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