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...One of Silicon Valley’s most prominent venture capital firms, Lightspeed Venture Partners, is seeking to use a private equity-style structure to sell $1bn worth of start-up stakes and free up cash to return...
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...equity players....
...Many large private equity firms use whitelists....
...sell a majority stake to private equity investors....
...The latest Lexington fund “speaks to the sheer demand” from LPs that feel “over-allocated” to private capital including to start-ups, they said....
...Private equity group Carlyle will take control of Southend Airport after sealing a deal to resolve a row over a loan made during the pandemic....
...“It creates an equity culture so that partners are focused on how to grow the equity value of the business and not just their own individual book of business.”...
...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
...Other firms, including Blackstone and Hg, have sought cut-rate loans for new deals, with banks and the direct lenders of the private credit industry often being played against each other as private equity...
...Silicon Valley venture capital firms are rushing to create private equity style structures in a race to protect their portfolios and return money to investors....
...Somebody is buying RuneScape again: Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry...
...“I’ve heard Jon Gray direct, eulogising about him,” said one of the people who had dealings with the private equity executive....
...Weeks before the gathering, Carlyle had executed the first round of lay-offs in its private equity unit since the 2008 financial crisis as it struggled to raise new money from investors....
...Barclays has agreed to sell approximately $1.1bn worth of credit card debt to private equity firm Blackstone, as the British bank steps up efforts to move assets off its balance sheet in advance of more...
...Deep down in a press release about Universal Music and little-known investor Dundee acquiring songs owned by the private equity group, it was put plainly: “KKR will exit [its music catalogue] Chord upon...
...The FT in late 2020 was the first to report about a Southern District of New York decision in which Judge Kevin Castel ruled that Mohammed Ali Rashid, an Apollo private equity partner, breached his duties...
...Take Vista Equity Partners’ recapitalisation of fintech group Finastra, for example....
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...They face the same problem in their core private equity businesses, as higher rates knock valuations of businesses they already own....
...Two of the world’s biggest private equity groups have reported starkly diverging fortunes as KKR boosted its fundraising expectations while Carlyle axed jobs as part of a cost-cutting drive....
...Axel Springer looks like a classic private equity windfall....
...Private equity firms commonly vet their acquisitions for environmental, social and governance (ESG) problems....
...KKR valued the company at €9.4bn at the end of 2022, according to the figures seen by the FT — up from a valuation of about €6.8bn when the private equity firm staged its 2019 buyout....
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