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...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...The move follows deals in which big asset managers, including Ares, Franklin Templeton and PGIM, have increased exposure to the secondaries markets....
...Capital One and Discover said on Monday that the transaction is expected to generate expense synergies of $1.5bn in 2027 and deliver a return on invested capital of 16 per cent in 2027....
...“Where we stand today it’s clear that we’re in the early stages of reopening of the capital markets,” Solomon said....
...Capital One has said it expects to complete the deal by early 2025....
...“There’s an intensity [in Vis,] you see it right away,” said Sadek Wahba, the head of infrastructure fund I Squared Capital, who expects to do more business with Citi now that Raghavan is there....
...Its private equity owners preached that Hertz’s investment in EVs and their related charging infrastructure would be revolutionary, even entailing autonomous vehicles down the road....
...This year, Evercore has found its way into nearly every mega-deal in the US, including BlackRock’s $12.5bn acquisition of infrastructure investor GIP and Synopsys’s $35bn acquisition of Ansys....
...Falling interest rates raised asset values and cut the cost of capital....
...Those may grab attention, but advertising on platforms such as Google are more efficient tools for asset managers trying to raise capital from investors, said Ben Johnson, head of client solutions for asset...
...In a further sign of support, the Chinese capital has started road-testing unmanned police patrol vehicles....
...The technology Ding allegedly stole involved the “building blocks” of Google’s AI infrastructure, prosecutors said....
...These companies have targets to put more water back into systems such as aquifers than they consume by 2030, for example, by funding work to improve leaky irrigation infrastructure or restoring wetland systems...
...In September CVC Capital Partners paid €1bn for infrastructure fund manager DIF Capital Partners, which is of a similar size as Actis....
...It now trades at 1.37 times its book value, says Capital IQ, while Goldman lags behind at about 1 times....
...A new satellite mission to track planet-warming emissions of methane gas is finally set to launch, now aided with artificial intelligence technology to help build a global map of oil and gas infrastructure...
...manager of private infrastructure assets....
...their technical infrastructure to expand AI services, such as cloud computing software and generative AI chatbots....
...“I think there’s actually going to be some pretty strong inflows out of the gate,” said David Mann, head of ETF product and capital markets for Franklin Templeton, which is among the groups launching spot...
...In 2012, Bill Ackman convinced 3G Capital to merge with Justice Holdings, a UK special purpose acquisition company, sponsored by the hedge fund manager, Martin Franklin and Nicolas Berggruen....
...“If the alternative was a long period of distress, then this is the best alternative for PacWest,” said Dick Bove, a veteran bank analyst and chief strategist at boutique broker Odeon Capital....
...Former KKR dealmaker Tim Short has launched Acadia Infrastructure Capital, a New York-based energy transition investment firm of which he will be managing partner....
...In its defence, Audax has pointed out that its own capital is at risk from any failure at Mobileum....
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