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...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...The business was purchased in 2018 by Blackstone Core Equity Partners, a long-hold buyout fund whose investors included Canada Pension Plan, NY State Common Retirement Fund, North Carolina Retirement Systems...
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...But as he nears retirement, he is still looking for a large deal to seal his legacy, Reuters Breakingviews writes....
...In April, the partnership gave up on its plan to break apart, dubbed Project Everest. Global chief executive Carmine Di Sibio, a proponent of Everest, has decided to retire....
...Schwartz went into retirement but was unexpectedly appointed as Carlyle’s new leader on Monday....
...The trio began executing a succession plan in 2017, when they named Lee and Glenn Youngkin as co-chief executives....
...Carlyle’s race to replace Lee was not part of the script for its founders, who spent years trying to turn the firm into one that could flourish after their retirement....
...plans....
...The hedge fund also won over the influential advisory firms Glass Lewis and Institutional Shareholder Services and top shareholders including Calstrs, the second-largest US retirement fund, and BlackRock...
...The $450m programme would include projects to replace roofs, rectify structural defects and improve energy efficiency, according to a person familiar with the plans....
...John Laing’s directors plan to unanimously recommend the deal to shareholders, 75 per cent of whom will need to back the deal in order for it to go ahead, the company said on Wednesday....
...Officials at another three public pension systems expressed concerns about political violence, but none said they would alter their investment plans....
...Pincus-backed group nears 58.com buyout deal (BBG) David Cameron pushes ahead with troubled $1bn China fund (FT) Investor’s attack on Texas real-estate lender boomerangs (WSJ) Intesa boosts branch sales plan...
...He now plans to spend his time playing golf, in philanthropy and managing his $390m foundation and a personal fortune estimated at about $1.5bn by Forbes....
...The Department of Labor said in June that private equity could be used in the professionally managed retirement funds sold to retail investors....
...It is about a glamorous group of bank robbers who execute an audacious, if scarcely plausible, plan to break into the Royal Mint in Madrid and take control of the printing presses, where they proceed to...
...Those are just the kind of savers whose retirement savings never find their way into KKR’s institutional funds....
...The plan would crown Robert Thomson, News Corp chief executive and Murdoch’s closest confidant, as leader of the recombined group....
...German media group Axel Springer has cut its full-year revenue and earnings forecasts while also announcing plans to restructure its news media division....
...Like other US public pensions, Calpers faces a funding crunch that jeopardises its ability to pay retirement benefits to thousands of public servants....
...He “plans to establish a new Goodman family office”, the firm said in a statement on Thursday, adding that he would remain on hand at Blackstone to advise on direct lending and smooth relations with investors...
...Stephen Schwarzman, Blackstone’s founder, last year negotiated a suite of unusual retirement benefits, including the right to keep his office in the firm’s midtown headquarters and lifetime access to a car...
...It is considering plans to raise a $300m Technology, Media and Telecommunications fund for Asia, according to people familiar with the matter, supplementing its $9.3bn Asia buyout fund — one of the region...
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