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...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...LPs in large venture firms, including Andreessen Horowitz, Josh Kushner’s Thrive Capital and David Sacks’ Craft Ventures, had also sold stakes in funds over the past 12 months using the secondary market,...
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents from a portfolio spanning thousands of warehouses, apartment buildings and data centres across the US...
...A normalisation of western relations could help push up the price of Venezuelan debt on secondary markets, make it easier to pursue big gas deals to replace supplies formerly sourced from Russia, and help...
...credit hedge fund Beach Point....
...The decision by Concord will in effect end the bidding war for Hipgnosis Songs Fund, which was put up for sale by its management after investors voted against continuing the investment fund last year....
...“If approved by the SEC, we believe this advancement will offer numerous benefits, such as enhanced portfolio management efficiency, improved opportunities for secondary market trading, and increased cost...
...Buying private asset funds, rather than investing directly, had helped diversify Dobson’s portfolio, he said....
...He added that the New York office will accommodate a staff of at least 30, led by portfolio managers....
...Hipgnosis’ music portfolio includes artists such as the Red Hot Chili Peppers and Shakira....
...However, the board of the State Street Global Advisors Luxembourg Sicav, an open-ended investment fund structure, told investors earlier this month that it will not reduce the settlement cycle of its funds...
...Blackstone also set up a separate $1bn fund called Hipgnosis Songs Assets to acquire music rights catalogues. That fund is also managed by Hipgnosis Song Management....
...It owns a large portfolio of music that includes the Red Hot Chili Peppers and Shakira....
...JPMorgan Asset Management’s active ETF business has amassed more money from investors over the past year than any firm except Dimensional Fund Advisors, according to data from Morningstar Direct....
...Although many fund managers say the US election may have little impact on markets, some have become more defensive, ensuring portfolios are diversified across asset classes and regions to counter the impact...
...To cope with these challenges, private equity funds have adopted longer time horizons for some funds and launched multi-fund strategies that enable businesses to stay out of public markets for longer, according...
...It is also one that vulture funds saw coming....
...The group has raised $20.5bn for its seventh private equity fund, more than a predecessor fund raised in 2021....
...Matthew Bartolini, head of SPDR Americas research at State Street Global Advisors, again focused purely on the US ETF market, noted that corporate bond ETFs saw net outflows in April (of $3.3bn) for the...
...US politicians are making better risk-adjusted returns than those chalked up by the public at large, according to analysis of two partisan exchange traded funds that demonstrates their wildly different portfolios...
...: “How can I get access to private investment grade to enhance returns on my public bond portfolio?”...
...But interested investors were required to give up some rights to immediately cash out in return for access to the private real estate portfolio....
...Betting on the skill of portfolio managers in illiquid markets is no longer a novelty. Curiously, funds that trade in secondaries are having no trouble raising cash....
...As has been the case in the private equity industry for over two decades now, new funds dedicated to secondary transactions that allow LPs to either reduce or exit their holdings will continue to grow....
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
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