Hints and tips:
...Liquidators and Pallas are still working to “assess whether there are any matters that might lead to a recovery for the benefit of creditors, such as potential claims that may be brought against parties...
...An index compiled by VTS, a real estate technology company, shows New York is leading a recovery in office demand across the US....
...The group has raised $20.5bn for its seventh private equity fund, more than a predecessor fund raised in 2021....
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...Though Blackstone is not expecting a quick recovery in property markets and high interest rates continue to pressure many investments, it is returning to the offensive....
...But as the fund lost value last year, Blackstone’s liability to UC has grown to $560mn....
...Bankers have cautioned that the market for public listings remains delicate and its recovery could easily be derailed by a few soured deals....
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...“There’s not much room at this point for a prolonged recovery,” he said. For the activists, perhaps the biggest question is over the board and Iger’s successor....
...But the direct lending funds they manage may begin to post lower returns, investors said....
...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....
...Additionally, limited partnership agreements seemed to indicate that Apollo should be paying expenses even as the funds and LPs were getting the bills at the time....
...To compensate, Blackstone signalled the loans would have stronger lender protections to bolster its recoveries if any companies ultimately defaulted....
...Large US asset managers are pinning their hopes on a broad-based recovery in equity markets to lift their businesses after suffering billions of dollars of outflows....
...The buyout fund manager had previous experience investing in airports, though on a slightly different scale to Southend....
...His post helped fuel a recovery in Treasury prices, after an earlier sell-off had pushed yields to 16-year highs....
...The family, and Purdue, dispute that they have much more to give, asserting that much of funds withdrawn from the company over the years went to pay taxes....
...He has vowed to be “disciplined” in plotting a recovery at a time when rapidly rising interest rates have prompted investors to pull back from private assets....
...And recoveries in this space are faaar below what they are in large liquid public debt markets....
...Behold the BTC Private Credit Fund LP, billed as the “first bitcoin private credit fund”....
...Despite the recovery, Spotify’s value remains a fraction of its record high in 2021, when the business was valued at just under $70bn....
...But industry figures say the recovery has been faster than expected. Still, uncertainty remains over the impact of the cost of living crisis....
...Youngkin, now governor of Virginia, left in 2020, leaving Lee to lead Carlyle’s recovery from the coronavirus pandemic....
...The pandemic recovery boost to wealth managers looks to be over, as turbulence hits financial markets....
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