Hints and tips:
...Assets in the Blackstone fund, which allocates money to managers trading areas such as equities and credit, fell from £1.7bn at the end of December 2019 to £192mn on October 27 this year, according to data...
...Like the other retail funds, BXPE is perpetual in nature, meaning Blackstone is under no obligation to sell assets and return cash to investors....
...The answer, like the LP, has two sides....
...A person close to the matter said ValueAct was no longer managing any Disney pension money when it built its position in Iger’s company....
...More than half a century after the heyday of LPs, EPs and singles, vinyl has gone through a renaissance as fans gobble them up as collectibles....
...As the creator goes on to say… There is no way of really getting MMO subscriber numbers today....
...“Succession will be the most important test of the new board, no matter who they are.”...
...The US private capital group pledged $1.1bn in Breit shares it owned to guarantee some of those returns. Since the UC investment, Breit’s redemption requests have dropped by about 80 per cent....
...But as interest rates climbed, catalogue prices fell and they could no longer justify loading the assets with as much debt as they had once contemplated....
...Unfortunately for him, though, that’s a mere 1.7 per cent of the company’s equity. He’ll need to persuade Disney’s biggest shareholders to vote with him....
...In a boost for Sunak, Schwarzman said it was “a real achievement” for the UK to have halved inflation from its 11.1 per cent peak and praised the country’s “pro-business” ethos and rule of law....
...For BXPE, Blackstone is taking 12.5 per cent of the profits along with a management fee of 1.25 per cent — somewhat less than the traditional “2 and 20” structure....
...KKR shares ended the day 5 per cent higher while Carlyle shares closed up 1.6 per cent....
...This includes investing $1.8bn in to fintech group Stripe, which is valued at $50bn....
...Ultimately, if its LPs are satisfied there may be no need to worry about the notions of anyone else, including federal judges....
...Their passive counterparts had $1.3tn in combined assets and garnered $169.1bn in net inflows over the same period....
...We’re leaning no, but you definitely won’t catch him behind a DJ booth anytime soon. Will the Carlyle Group still be independent?...
...“We want to make sure there’s enough flexibility so that GPs and LPs can access the information that’s best for them.” Debates over specific versus generalised data will no doubt continue....
...They held true at various points earlier this year, including the flight to safety after Silicon Valley Bank’s collapse, and no gold price breakout followed. Something else is going on....
...Last year, fund management fees, excluding expenses, were just 1.4 per cent says Preqin....
...Carlyle is selling its stake for an equity value of $1.8bn, valuing the overall operation at about $6.4bn, said two people with direct knowledge of the matter....
...BPY has $18bn of secured debt maturing next year: “We’re having no problems doing refinancings”, Flatt said....
...Exxon appointed Ubben to its board in 2021 to try and fend off a proxy battle from activist Engine No. 1, which had targeted the oil major over its exposure to the threat of climate change....
...It hit $58bn in loan originations in 2021, a 1,000 per cent increase from two years prior....
...That is below the 2.4-2.5 percentage point spread at which traditional middle-market deals are often priced but above the 1.7-1.8 percentage point spread that CLOs buying syndicated loans secure....
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