Hints and tips:
...Athene has just announced a second vintage ADIP vehicle with a $2bn fundraising, an apparent validation of its approach....
...Other than a 1998 vintage fund, GTCR has earned stellar returns mostly on midsized deals such as corporate carve-outs, which have accounted for a third of the firm’s overall investments....
...Previous vintages of the money manager’s “special situations” funds have typically been divided roughly equally between the US and Europe, but Victor Khosla, the firm’s founder and chief investment officer...
...It pulled back from the country in the next vintage....
...“Our move to a proprietary funded asset base will allow us to be more opportunistic in acquiring investment talent and more competitive with those whom have a ‘pass through’ structure.”...
...At least a dozen winemakers will not produce a 2020 vintage. “The taste is so bad it is like licking an ashtray.”...
...and Michael Jackson’s Neverland ranch....
...“I thought, if we could find a ranch that is doing things the right way, and see who they send their product to, that would be a start....
...Once established, he sent over a couple of bottles of winemaker Henschke’s 2010 Hill of Grace vintage to their table with his compliments to both men....
...“He essentially bet the ranch on this transaction and the scorecard at this point suggests he lost,” said a German investment banker....
...The Neverland investment probably has not helped. The ranch is still on the market; in February a real estate agent cut the asking price by 70 per cent, to $31m....
...Mark Spindel is founder and chief investment officer at Potomac River Capital LLC, a Washington-based investment firm....
...As one of the most dynamic businessmen in America — he founded real estate investment behemoth Chestnut Holdings LLC, and was an early investor in designer Tory Burch — he’s more than just a backer....
...The latest round of investment in DAH was led by Jefferson River Capital, a family office named after the river that runs through the Montana ranch of Mr James, one of the most powerful figures in the private...
...The 2016 vintage of US IPOs are up about 20 per cent on average in the year to date, while 2015’s deals finished the year down more than 6 per cent, according to Dealogic....
...A look at the trail left from the 2005-07 vintages is one reason to be sceptical. eric.platt@ft.com Twitter: @ericgplatt...
...The heater was of recent vintage. Less than $10,000 of work and it could be a home....
...Amit Bouri, chief executive of the GIIN, argued that the data for funds of more recent vintage were less reliable because their returns remain largely unrealised and are therefore still uncertain....
...Daniel Loeb used to lace his letters to chief executives with poison, lambasting one for having “feasted on organic delicacies and imbibed vintage wines at a cost to shareholders of multiple hundreds of...
...Sitting in the living room of his sister’s ranch house, we often talked for hours. The things he told me were astonishing — at times they seemed almost beyond belief....
...Last year, it was valued at more than $3bn, with a $258m investment from Google Ventures and private equity firm TPG....
...As Kaufman concludes, most reporting based on vintage years and performance quartiles is somewhere between incomplete and downright misleading....
...Moore Global Investments, the firm’s maiden fund, was started with $25,000 of family money and in 2010, Mr Bacon bought back the historic family ranch: 8,500 acres of land in North Carolina, once owned by...
...Fortress will roughly double its money on the investment, according to people familiar with the deal, marking a successful exit from what has become a choppy vintage for private equity....
...The chain, famed for its window displays of vintage sewing machines and grungy clothing designs, narrowly avoided administration in April after its rapid expansion caused a liquidity crisis....
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