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...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...At 39.9 per cent of assets by June 2023, Princo’s investment in private equity was double the average allocation for large US university endowments....
...There are also questions over what effect growing assets under management will have on performance....
...US institutional investors are selling more of their private equity holdings at a discount as they cut exposure to the illiquid asset class....
...US investment firm Harris Associates, which has more than $100bn in assets under management, “sold the stock last year as [we] lacked confidence that management could repair the business”, David Herro, the...
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...Rokos Capital Management, which manages about $16bn of assets, is up 8.8 per cent in 2024 to February 16. It told investors that the gains were largely driven by the recent sell-off in bond markets....
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...Wilson urged asset management groups to think creatively and widen their business models, helping to channel more pension money into private assets and using artificial intelligence technology to “democratise...
...M&G currently has £73bn in private assets under management across fixed income, alternatives, real estate and infrastructure, a small slice of overall private capital markets which hit $13tn in 2022 according...
...Acquiring GIP, which has about $106bn in assets under management, will make BlackRock the world’s second-largest manager of private infrastructure assets, and bolster the leadership of its alternatives business...
...Warren Buffett famously said that when he owns outstanding businesses with outstanding management teams, his favourite holding period is “forever”....
...Private equity’s need for liquidity — to pay out investors that want to exit — is difficult to meet when assets are hard to sell....
...Others, such as Goldman Sachs and Morgan Stanley, have relied on their wealth and asset management arms....
...Andrea Rossi, the chief executive of investment group M&G, has said he wants to take advantage of under-developed private credit markets in Europe and expand the business in private assets, amid warnings...
...business Corinthia Global Management....
...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
...Goldman Sachs’ asset management arm has bought a stake in private credit specialist Kennedy Lewis Investment Management, as it looks to expand its reach in a fast-growing corner of markets....
...It started with float data on equity indices, then it moved to ESG, then it moved to climate, then into private assets. We have the largest databases of private asset classes in the world....
...As an international asset management centre, UK asset managers should be able to capture this growth....
...Stefanie Drews, the head of Japan’s Nikko Asset Management, reflects on her career path and on the sector’s future working patterns....
...Read the full story here Chart of the week Liontrust was once a darling of the UK’s asset management industry, with chief executive John Ions presiding over an increase in assets from £1bn to £36bn in...
...“Private equity will look different over the next 10 years than it looked over the past 10 years,” said Marc Nachmann, global head of asset and wealth management at the US bank, in an interview....
...Today, new private credit structures are giving investors access to assets previously confined to banks’ balance sheets such as equipment finance....
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