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...Its adjusted funds from operations, which Green Street uses to analyse public property trusts, was $2.1bn, or 74 per cent of dividends, while Breit’s “funds available for distribution” were $1.7bn, or 61...
...In an interview with the Financial Times, Luboff said the new fund would apply “modest leverage” in its deals and focus on “geographies where we felt the track record, as well as the supply of opportunities...
...Terry Smith’s Fundsmith Equity Fund and Nick Train’s WS Lindsell Train UK Equity Fund were hit by redemptions every month in 2023, with annual net outflows totalling £1.4bn and £800mn, respectively, data...
...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...
...On Wednesday Concord said it would increase its bid to just over Blackstone’s, and offer $1.25 for each share for Hipgnosis Songs Fund (HSF)....
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...It is a new source of funds. As of October 2023, 4,000 funds were on the road, looking for an aggregate of $1.2tn according to Preqin....
...It is accompanied by the opportunity to buy or sell Blackstone stock at any time. For retail investors, that is a lesson worth pondering....
...“There’ll be some opportunities to buy digital goods, maybe even at some point physical goods.”...
...But the direct lending funds they manage may begin to post lower returns, investors said....
...KKR’s funds plan to house assets moving off the balance sheets of corporations, banks and insurers looking to simplify their operations or fund stock buybacks....
...Private equity buyers see an opportunity that has sometimes played out inside their own firms....
...Blackstone’s distributable earnings — a metric considered a proxy for cash flows — rose 1 per cent in the first quarter to $1.3bn, slightly beating analyst estimates....
...Blackwells issued a presentation this week estimating that ValueAct, which has been a supportive investor of Disney, has made up to an estimated $95mn in fees from managing pension funds of company employees...
...But as the fund lost value last year, Blackstone’s liability to UC has grown to $560mn....
...Now, KKR has sold Chord at a valuation that is 68 per cent higher at $1.85bn. But this is not an apples-to-apples comparison....
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
...Blackstone Group has raised $1.3bn for a private equity fund tailored to wealthy individual clients, signalling a revival of momentum in its efforts to reach investors beyond its base of institutions such...
...The answer, like the LP, has two sides....
...Its flagship fund was down 2.1 per cent while its Alpha Strategies fund was up 2.4 per cent, according to people who have seen the figures....
...Leverage has been applied ‘downstream’ at the portfolio company level, ‘upstream’ with recourse to GPs and LPs, and ‘midstream’ to the funds that own portfolio companies in the form of NAV loans....
...Hedge fund Cyrus Capital will meanwhile convert a loan made to Esken into equity, picking up the company’s new minority stake in the airport, which is located 36 miles east of central London....
...In fending off the activists, Iger unveiled a host of initiatives to please investors: raising Disney’s target for free cash flow; announcing a $1.5bn investment into Epic Games; promising steep cost cuts...
...Blackstone marked down its property funds by more than 3 per cent during the fourth quarter, causing the group to miss out on some valuable fees it usually collects from the funds....
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