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As a result, private credit dealflow in the region remains limited. Other private credit firms, such as Monroe Capital, have also established offices in Abu Dhabi, with Monroe hiring a head of Middle East distribution. Blue Owl and Hayfin Capital Management are also expanding their presence in the region.
Progressio SGR, the Italian privateequityfirm, is raising a new fund, Progressio Investimenti III, in response to LP demand and a doubling of proprietary dealflow over the past five years. As with previous funds, the money will predominantly be spent on proprietary deals and primary buyouts.
Investors in the Fund, which were a mix of numerous new investors as well as existing New Mountain Net Lease investors, include pension funds, insurance companies, assetmanagers, endowments, family offices and high net worth individuals. Read more Blackstone reportedly exploring sale of stake in Las Vegas Strip’s Bellagio U.S.
We'll also provide an update on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our current investment pipeline, and several other noteworthy updates. We've also continued to produce attractive returns on our assetmanagement business.
Importantly and atypically, over half of our Q1 debt brokerage dealflow was on non-multifamily assets in retail, hospitality, industrial, and office. When coupled with the largely recurring revenues of our assetmanagement businesses, we are generating significant cash revenues.
Global mergers and acquisitions rebounded in the first quarter of 2024 compared with a year earlier, driven by mega-deals in the finance, software and energy sectors. CPPIB, the manager of Canada’s national pension fund, is expected to reach $1 trillion in assets around 2030, from almost $600 billion today. KKR & Co.
is shaking up the top ranks of management, creating a new global product strategy group led by Stephen Cohen that will latch onto the global growth of exchange-traded funds and combine active and index strategies. billion bet on infrastructure: BlackRock's ( BLK ) plan to buy privateequityfirm Global Infrastructure Partners is a $12.5
Now, at least half of our dealflow comes from other independent sponsors and seven of our current 10 portfolio companies were originally sourced by another independent sponsor(s). Any notable differentiators for the firm? The firm has roughly $4 billion in assets under management, with a growing team of over 65 professionals.
For, for hedge fund or for, 00:06:29 [Speaker Changed] So that was actually Montgomery AssetManagement. And I love Montgomery and Robertson Stevens and all these boutique firms Yeah. You’re saying a a distinct difference from public mutual fund to privateequity and and late stage venture. That are all gone.
And it's a book by Edward Chancellor, in which he collects the assays -- sorry, not the assays, the investment memos of assetmanagement shop out of London called Marathon. And I think you can see how this is manifesting itself in certain privateequityfirm investments in youth sport. Well, we definitely do.
The transcript from this week’s, MiB: Ken Kencel, Churchill AssetManagement , is below. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Ken Kencel of Churchill AssetManagement, CEO, Founder, President. And they were doing mid-sized deals. It’s fantastic.
We held our team together throughout the downturn to be able to capture dealflow when markets returned and our investment sales team's efforts in the back half of 2024 were fantastic and set us up very well for 2025 and beyond. For the full year, our property sales team sold $9.8 billion of properties in the first half of the year.
public company by market cap, exceeding the market value of all other assetmanagers. You've got an equity market that has rallied. There are lots of companies out there who would like to sell things, privateequityfirms, in particular. Blackstone is now the 55th largest U.S. And so that's a positive.
Due to increased dealflow and revenues, we grew diluted earnings per share 33% year over year to $0.85 The servicing and assetmanagement revenues that these two businesses generate are wonderful sources of revenue and earnings in up cycles and also paramount in down cycles. We closed $11.6
As the largest alternatives firm in the world with nearly $1.1 This data also alerts us to major paradigm shifts, which is essential for any top-performing assetmanager. We talked about in the remarks, new products in infrastructure and multi-asset credit. But long term, overall, it is an outstanding track record.
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