Hints and tips:
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...Performance has not been good,” said Patrick Ghali, managing partner at Sussex Partners, which advises clients on fund investments....
...“The private nature of the transaction we are proposing affords us the ability to effect the separation with more leverage than would be available in a public setting,” TPG said....
...Some of our vehicles for institutional LPs historically would have one turn of leverage. And that oftentimes applies to our direct-lending business or private credit business....
...The push will also put Oaktree more squarely in competition with large private credit investors such as Apollo Global Management, Sixth Street Partners, HPS Investment Partners and Blackstone....
...It was recently reported that SCUM is coming to Xbox as Jagex look to leverage the consistent engagement in the title to other platforms....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...LP transparency doubles as a hedge against short-term, reactive decision-making, thereby helping general partners — the managers of funds — stay true to investment theses....
...S&P also said that “BPY has one of the weakest financial risk profiles within our North America real estate coverage given elevated leverage and thin interest coverage.”...
...That has changed in recent months, with two of Blackstone’s largest rivals in the space — HPS Investment Partners and Blue Owl — already issuing CLOs backed by large private loans....
...PJT Partners has hired former Centerview Partners and UBS banker Roland Phillips for consumer dealmaking....
...He added that the uncertain economic outlook meant that it was “prudent” to cut leverage levels at businesses that Blackstone owns....
...With the era of cheap money firmly in the past, some private equity firms are beginning to regret the amount of leverage they’ve piled on — some of which wasn’t hedged against interest rate rises and is...
...“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....
...Vista’s loan — which was not disclosed to the lenders who ultimately did lend it $5bn to refinance Finastra’s obligations — has been described as “leverage on leverage” because fund assets were being collateralised...
...Unlike Everest’s plan for a public listing, however — which floundered in part because of falling equity market valuations — TPG contended that a private transaction would allow the kind of leverage to create...
...was an LP,” EQT’s Sinding said at the conference....
...Even JPMorgan is now looking for a partner. LinkedIn pitches add to the anecdotal evidence of ravenous demand. It’s natural to feel a teensy bit worried by this....
...[considering] the Israeli political atmosphere,” says Dan Rosenthal, managing partner at Albright Stonebridge, a consultancy in Washington, calling the idea that the US has “a great deal of leverage over...
...More recently, in a wholly transparent attempt to exert leverage and hinder US EV ambitions, China imposed graphite export restrictions....
...“Ankara’s priority is maintaining its balancing act to expand its manoeuvring room and leverage as a regional power and global actor,” said Emre Peker at Eurasia Group....
...said the head of one Sequoia LP, a sovereign wealth fund....
...On momentum with partners: “I just wanted to double-click on maybe where you’re seeing momentum with partners in terms of reaching more customers” Connor Passarella, of Truist, on the SolarWinds April 2023...
...The question is, once the writing is on the walls that there need to be big markdowns, do LPs start trying to fire sale their LP interests?...
...One partner in the fund told the Financial Times that the poor recent performance of Asian markets and economies may have put pressure on investors, who now need cash to meet their obligations....
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