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...“But I’d be hard-pressed to come up with a high-profile fund that’s abandoned fundraising,” he added. The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Another wondered, “who’s going to blink first” on valuations, adding that LPs may soon start asking if “maybe we should sell these assets”....
...Longevity master Edward Thorp, the legendary hedge fund manager who mastered besting casinos, is now 91 and taking on his next challenge: beating ageing, Bloomberg reports....
...But the direct lending funds they manage may begin to post lower returns, investors said....
...That sent KKR stock reeling before it quickly recovered when the hedge fund manager walked back his hysterics....
...The answer, like the LP, has two sides....
...Veritas Capital is in talks to sell a 50 per cent stake in healthcare technology company Cotiviti to private equity giant KKR, in a deal that would value the business at up to $11bn, according to three people...
...Even after calling a truce with the Saudi sovereign wealth fund last June, LIV poached Masters champion Jon Rahm....
...Blackstone will sell loans that BCRED owns to the CLO as part of the deal, including debt from software maker Zendesk, cyber security business Mimecast and Unified Women’s Healthcare, which provides business...
...The SEC has specifically warned the industry that treating investors in a healthcare fund and a tech fund differently could violate the ban on preferential treatment....
...There’s already competition under way between the two camps to finance KKR’s investment in healthcare technology business Cotiviti....
...The sector has trillions of dollars invested in industries from real estate and healthcare to energy and manufacturing....
...Meanwhile, Aleph Alpha says that it can give its clients in sensitive industries such as law enforcement and healthcare “sovereignty” and transparency over their use of its AI software....
...Blackstone shelved the fund launch last year after the property fund, called Breit, was forced to limit redemptions....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on Twitter Letter in response to this article: Precision medicine has different economics at play / From Peter Keeling, Chief Executive Officer...
...The former’s Larry Fink went on to master the retail investment marketplace with cheap mutual funds. His firm now manages almost $10tn....
...Other banks were also looking to offload portfolios, investors said, adding that they expected to see sales in areas such as so-called net asset value lending, which involves financing investment funds....
...In early March, Carlyle Group appeared close to a takeover that valued healthcare software company Cotiviti at $15bn....
...Through the end of this past year, Carlyle was forced to seek an extension with investors for a new $22bn buyout fund....
...More healthcare news: The Biden administration has named 10 of the best-selling drugs as the first to face tough price regulations in a bid to slash healthcare costs in the US....
...Its real estate funds returned at least seven per cent last year, Blackstone reported. Markets knew better. Blackstone’s shares dropped nearly 40 per cent last year....
...GIC struck 63 deals involving US-based private companies including in technology, healthcare and property in 2022 and 2021, compared with 39 in 2019 and 2018, according to data by Refinitiv....
...Angelo Gordon, which manages $73bn in assets with 650 employees worldwide, has had important roles in steering recent bankruptcies such as Revlon and Envision Healthcare....
...She was previously operating chief of digital healthcare group Twill....
...By selling to the highest bidder, Bill Isaac, who chaired the FDIC during the start of the savings and loan crisis in the 1980s told the FT’s Brooke Masters, “you make the largest banks bigger and bigger...
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