Hints and tips:
Related Special Reports
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...With so-called collateralised loan obligations — a $1tn market that is the biggest buyer of leveraged loans — largely on the sidelines, corporate America and the private equity industry are being forced...
...Todd Builione, a partner and global head of private wealth at KKR in New York, is joining Marshall Wace as head of North America in September, the two firms said on Monday....
...Lenders including Bank of America and Barclays have been forced to hold on to loans made to fund large buyouts, including the Twitter deal and the takeover of Citrix, leaving them nursing big losses....
...And a new generation of leaders are increasingly embracing strategies employed by Warren Buffett, the architect of America’s pre-eminent investment conglomerate, reports DD’s Antoine Gara....
...KKR, one of the pioneers of the $15tn private capital industry, is hastening plans to sell large investments or take them public after higher interest rates caused a two-year slowdown in takeovers and initial...
...“Pressure is coming from sponsors for the coupons to be cut and this is just a race to the bottom between the banks and the direct lenders,” said Neha Khoda, a strategist at Bank of America....
...America’s political industry is lucrative even for those who have lost elections, the FT writes....
...That has added to a pile of unspent reserves — known in the industry as “dry powder” — which has accumulated as venture firms adopt a more cautious stance to investing amid declining start-up valuations,...
...Among current predictions, Blackstone’s president Jon Gray said that the commercial property industry sector has or will soon reach its bottom....
...Australian wine companies including Treasury Wine Estates and Accolade have turned to other markets in south-east Asia and North America to offset the loss of Chinese sales....
...It makes sense for them to pool their 42 locations across America and shed subscale status....
...But the tour’s tense negotiations with the PIF elicited interest from investors closer to home, pushing the golf establishment into the arms of some of America’s richest sports owners....
...Dealmakers are also beginning to envisage greater fundamental change to the industry, akin to the years around the 2008 financial crisis when Blackstone, KKR and Apollo all went public....
...Some of the industry’s challenges in becoming responsible businesses flow from the sheer size of its workforce....
...We just had a rating on it and they’re negative on what's going on in the industry.”...
...IVI RMA’s chief executive Javier Sánchez Prieto said the “shared vision and complementary strengths” of the buyers would allow the fertility company to continue its expansion in North America....
...It said the shift would leave it “uniquely positioned to meet growing industry and consumer demand for reliable, lower-carbon energy”....
...The fund was nearly €5bn larger than its previous flagship buyout fund, with an “increasing balance of capital” coming in from Europe, the Middle East and Asia, as opposed to North America....
...As alternative asset managers grow in size, so will concerns about concentrations of power in the industry....
...Goldman Sachs has named John Greenwood co-head of Latin America and head of investment banking for the region, per Reuters....
...This possibility seemed particularly salient for office and downtown retail properties given the shift toward telework in many industries....
...“I don’t care what industry they’re in — every CEO wants their employees back in the office five days a week....
...Hindenburg’s report captivated the investment industry as a rare example of one famed activist going after another....
...Despite the chance to join one of the buyout industry’s biggest moneymaking machines, some at DIF will take convincing....
International Edition