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...“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...
...Bain Capital has promoted one of its top dealmakers in Asia to co-managing partner, the highest position at the asset manager, as the broader buyout industry grapples with succession planning....
...“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....
...Venture capitalists are under increasing pressure to return capital to their own backers — institutional investors, foundations and pension funds, known as limited partners [LPs] — as it has become more...
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Russwurm said business supported the green transition, but ministers had failed to explain to companies “what happens when the wind doesn’t blow and the sun doesn’t shine”....
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...Graham Capital Management is planning to expand to New York after decades as a Connecticut-based hedge fund, in a vote on the future of America’s financial capital following an exodus of investment firms...
...Robert Silverman, managing partner at LJJ Fund, a New York-based opportunity fund, said the low interest rate environment during the first few years of the programme “fuelled an enormous amount of people...
...The V&A’s new show, Tropical Modernism, revolves around this odd confluence....
...A month later, Grant Thornton US agreed to sell a 60 per cent stake to New Mountain Capital....
...Additional reporting by Sun Yu...
...With a shareholder vote set for April 3, Disney faces proxy fights with Peltz’s Trian Partners and Blackwells Capital, which are seeking board seats and other changes aimed at boosting the company’s share...
...A new generation of venture capital groups, such as Ara Partners and Energy Impact Partners, has also emerged, placing sustainable investment goals and decarbonisation at the centre of their strategy....
...“Investors have gradually come to realise that it has become almost impossible for many Chinese companies to list abroad,” said Ming Liao, a partner at Prospect Avenue Capital, a Beijing-based private equity...
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...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...
...“The declining cost of capital with rates coming down and spreads coming down for real estate borrowing is very helpful.”...
...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 EM there is too much focus on China,” said Rajiv Jain, chief investment officer of GQG Partners, a $120bn asset manager known for its bets on emerging markets, “but the rest of EM is doing fine”....
...Blake Kleinman, partner at H&F, said after doing the Baker Tilly deal that his firm liked to be “the first capital” coming into a partnership to shake up the ownership model....
...The IPO proceeds include $264mn in funds for Viking that will cover tax obligations from the IPO as well as provide working capital....
...Goldman Sachs advised the vehicle to be funded by CVC Capital Partners Fund VIII and Haveli Investments. The deal is subject to regulatory approvals....
...Most VCs continue to charge LPs a management fee regardless of whether they had made investments, but Sequoia Capital, one the premier tech VC groups, started waiving fees on capital it had not yet committed...
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