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New mid-sized businesses emerging in the Gulf are expected to create fresh lending opportunities for private credit firms in the region, initially in the hundreds of millions of dollars, according to Bloomberg UK, citing Golub Capital CEO, Lawrence Golub. As a result, private credit dealflow in the region remains limited.
Ron Kantowitz, managing director and head of direct lending, pointed to favourable market conditions, noting that record capital raised in the private equity sector is driving increased M&A activity and generating strong dealflow. Can`t stop reading?
But there's one important negative that has investors worried right now: Realty Income needs a lot of dealflow to grow. That means they compete with other income-producing assets, such as CDs and bonds. As rates rise, the cost of debt capital rises, too. Management doesn't share that concern. image source: Getty Images.
SUSI Partners has raised $139m in additional investor capital for its Southeast Asia-focused strategy, more than doubling its size to $259m, with sizeable commitments from British International Investment (BII) and Dutch development bank FMO.
The structural underinvestment in critical minerals over the past decade has resulted in severely discounted valuations for excellent assets and created a massive need for capital investment, as countries transition to more sustainable energy sources,” said Brandon. Source: businesswire Can’t stop reading? (BX)
NMNLP II closed with $825 million of equity capital commitments, including approximately $725 million of third-party Limited Partner commitments and approximately $100 million from the General Partner. With an initial fundraising goal of $750 million, the completed capital raise substantially exceeded the target.
PGIM Private Capital, the private capital arm of Prudential Financial $1.34tn global investment business PGIM, provided $7.5bn of senior debt and junior capital to more than 130 middle-market companies and projects globally in H1 2024. The first half of 2024 has been more stable for issuance than the same period last year.
Main Street Capital (NYSE: MAIN) Q2 2023 Earnings Call Aug 04, 2023 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital Corporation second-quarter earnings conference call. and Main Street Capital wasn't one of them!
Notwithstanding our capital-constrained environment during the year, we continued to expand our experiential portfolio by effectively utilizing our operating cash flow and through limited use of our line of credit. These two assets showed Q4 trailing 12-month growth in revenue and EBITDARM over the same period in 2023.
Main Street Capital (NYSE: MAIN) Q4 2023 Earnings Call Feb 23, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital Corporation fourth-quarter earnings conference call. Image source: The Motley Fool. Thank you, Mr. Vaughan.
As liquidity constraints put pressure on the private equity industry, the secondaries market is expected to grow substantially over the next twelve months, with fundraising and dealflow set to expand, according to Investec’s latest Secondaries Report, Charting a Course for Further Growth.
It will be the 105th deal out of Brooklyn Bridge Ventures, the firm I started back in September 2012, and it will be the last deal I’ll be making out of my third fund. It will also be my last venture capitaldeal. For me, I don’t mind sharing how I think about it. It has been a career that fits my personality well.
Blue Owl Capital (NYSE: OWL) Q4 2023 Earnings Call Feb 09, 2024 , 8:30 a.m. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Blue Owl Capital's filings with the Securities and Exchange Commission. per share for the year.
Progressio SGR, the Italian private equity firm, 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. MOIC and an 80 per cent gross IRR.
Rithm Capital (NYSE: RITM) Q2 2023 Earnings Call Aug 02, 2023 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Rithm Capital second quarter 2023 earnings conference call. and Rithm Capital wasn't one of them! Image source: The Motley Fool.
Our clients need capital, and our debt brokerage team did a fantastic job finding the appropriate capital for their needs. Importantly and atypically, over half of our Q1 debt brokerage dealflow was on non-multifamily assets in retail, hospitality, industrial, and office. billion, up 40% year over year.
Amyn Hassanally, Partner and Global Head of Private Equity Secondaries at Pantheon, commented: “We are grateful for the strong support of our investors across the world who have entrusted us with their capital. Pantheon’s deep expertise in private equity secondaries attracted investments from a wide range of new and existing clients.
Oak Hill Advisors (“OHA”) served as a Lead Arranger for the unitranche financing to fund Bain Capital Private Equity’s (“Bain Capital”) acquisition of Harrington Industrial Plastics (“Harrington”) from Nautic Partners. and globally.
Benefit Street Partners (BSP), a credit-focused alternative asset manager with approximately $75bn in AUM and a subsidiary of Franklin Templeton Investments, has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7bn of capital.
Lexington Partners (“ Lexington “), a leading manager of secondary acquisition funds, today announced the completion of fundraising for Lexington Capital Partners X, L.P. (“LCP X”) with $22.7 billion of total capital commitments.
JP Morgan Asset Management is expecting investors to exit their investments in private credit funds at a record pace this year as they look for liquidity, boosting the nascent secondary market in the process, according to a report by Bloomberg.
Partners Group, a Swiss-based global private equity firm with $147bn in assets under management, is targeting $12bn for another private equity secondary strategy fund that will focus on deals in the Asia Pacific region, according to a report by Reuters.
The report also notes that there is significant capital on the sidelines today that is available to be deployed. Venture capital and private equity firms meanwhile, will increasingly elect to move their portfolio companies to exits due to funding needs, pressure to return capital and improving business fundamentals.
There are deals for struggling companies that urgently need capital, but there are fewer transactions targeting companies in the middle of those two extremes. That hurts cash flows, that hurts exit multiples and creates uncertainty. He said: “There’s a bid/ask spread, and people just wait for better days.
Global deal-making and financing activity is set to rebound in 2025 following a challenging year as easing interest rates spark optimism across industries, according to new research by financial and corporate services provider Ocorian.
Blue Owl Capital (NYSE: OWL) Q3 2023 Earnings Call Nov 09, 2023 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings and welcome to the Blue Owl Capital Corporation third quarter 2023 earnings call. Net asset value per share increased to $15.40, up $0.14
Then, Brookfield Corporation CFO Nick Goodman joins Motley Fool analyst Buck Hartzell to discuss how he thinks about capital allocation. It's exciting for me at least to see companies that are willing and able to invest such capital at such rates. Use cases for augmented reality glasses New details about Southwest Airlines ' overhaul.
trillion in assets, 9.4 We deliver durable long-term investment performance by executing on alpha opportunities, sourcing unique deals, and managing risk. The foundation of a market-leading asset management platform is comprehensive, high-quality investment products with strong long-term investment performance.
Michele Reber -- Senior Director, Asset Management Thank you, and good morning. However, longer term, we believe all these assets, but in particular Maplewood, are well-positioned to generate reliable and growing cash flows and related rent. [Operator instructions] As a reminder, this conference is being recorded.
iShares is leading the industry in global flows with approximately $250 billion through the third quarter and historically sees upwards of 40% of its total annual flows in Q4. iShares' fixed-income ETF assets now stand at over $1 trillion, nearly 40% higher than at year-end 2021. And Aladdin. Third quarter revenue of $5.2
We mentioned on our last call that we will remain nimble and opportunistic, ensuring we are well positioned to capitalize on opportunities as we uncover them. Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%. This reflects 4.2%
That means a lot of competition for the best deals and more difficulty in standing out. If we ever do get to the one-person unicorn, that’s going to be a lot of people trying to beat out Sequoia and Benchmark to fund its solitary round—a $2mm seed that it never looks back from for additional capital.
We've stated before that short-term movements in stock and bond markets impact capitalflows in this channel. But ultimately, flows follow performance as well as innovation as we're seeing now. Borrowing spreads have tightened significantly and the availability of debt capital has increased significantly.
Our team's efforts continue to produce unique and proprietary dealflow, and we continue to identify attractive investment opportunities across all three external growth platforms. However, I think it is prudent due to the lack of current visibility into fourth quarter acquisition activity and the rapid change in our cost of capital.
Michele Reber -- Senior Director, Asset Management Thank you and good morning. However, longer term, we believe all of these assets, but in particular, Maplewood, are well positioned to generate reliable and growing cash flows and related rent. [Operator instructions] As a reminder, this conference is being recorded.
As the markets have readjusted the changing expectations around inflation and employment, our cost of capital has improved significantly. We've been able to capitalize on this shift, bolstering our fortress balance sheet during the quarter with nearly $470 million of forward equity raised via our ATM program.
ai and SoundHound have market capitalizations of $3.1 It has achieved a 20% reduction in equipment downtime, which is such a strong result that it's rolling the software out to more of its assets. ai's partner network accounted for 72% of its dealflow, making it a valuable sales channel. billion and $1.8
The primary purpose of the center is to consolidate our core assets and knowledge and to advance the development of the chips and the tubes and to lead our future road map. Inaudible] Altogether, in terms of the locations and the place, by far, our pipeline and dealflow is far bigger than what we have indicated, and we continue to work.
In wealth, while revenues were down in the quarter, we grew fees and gathered an estimated $22 billion of net new assets over the past 12 months. Now these won't happen overnight, but getting these things right will help us get more than our fair share of the $5 trillion of assets that our clients have away from us.
On to balance sheet and capital on Page 4. We ended the quarter with a CET1 ratio of 15%, up 70 basis points versus the prior quarter, primarily driven by net income, OCI gains, and lower RWA, partially offset by a continued modest pace of capital distributions as the firm builds toward the proposed Basel III endgame requirements.
Excluding the Eddy assets, our sales per square foot was $910, our occupancy rate was 95.4%, same-store NOI was 2.8%, and traffic was up 1.6%. when excluding the Eddy group of assets in our portfolio. PPRT owns Fortress asset Los Cerritos, Fortress potential asset Washington Square, and Eddy Asset Liquid Center.
We also stated our belief that an easing of the cost of capital would be very positive for Blackstone's asset values and would be a catalyst for transaction activity, including deployment and ultimately, realizations, which in turn fuel fundraising. This is the virtuous cycle that powers our business.
“Particularly in this part of the world, there are a lot of governments who are jumping and saying that, ‘We’ve got a lot of energy transition needs,’” said Wai Leng Leong, head of Asia-Pacific at Caisse de Depot et Placement du Quebec at the FT Future of Asset Management Asia event in Singapore Wednesday.
He talked about the fact that the Sreit hasn't been selling assets, has a redemption queue that's very high, and were it not for their gates or the walls they could put up on redemptions that they'd run out of money. But there's also a huge amount of equity capital waiting on the sidelines to jump in and get any discount.
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