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The private equity giant, managing $1 trillion in assets, is purchasing the stake from New Mountain Capital, Citrin Coopermans previous majority owner. is serving as financial adviser, and Kirkland & Ellis LLP and Gibson, Dunn & Crutcher LLP are serving as legal advisers to Blackstone. Deutsche Bank Securities Inc.
Stonepeak, a global investment firm managing $72bn in assets, has acquired Boundary Street Capital, a specialist private credit manager. Legal counsel for the acquisition included Paul, Weiss, Rifkind, Wharton & Garrison, and Simpson Thacher & Bartlett for Stonepeak, with Hogan Lovells advising Boundary Street Capital.
They're completely legal. Capital gains are grouped into two categories: short term and long term. The former applies to assets held for a year or less before being sold, while the latter applies to assets held for at least a full year and one day. And the best part? But in some cases, you may not have to.
In April 2023, Vestar closed a $1.2bn single-asset continuation vehicle for its stake in market research firm Circana, with Blackstone Strategic Partners and HarbourVest Partners leading the investment. Source: Alternatives Watch If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.
Cornell Capital, a US-based PE firm with $5.3bn of AUM and offices in New York and Hong Kong, has promoted Jennifer Cattier to Partner. Cattier joins Cornell Capitals Partner group which, following her promotion, will be comprised of seven partners across New York and Hong Kong.
Linden Capital Partners has held a final close of its second structured capital fund, Linden Structured Capital Fund II LP (SCF II), with $400 million in capital commitments. Lindens earlier structured capital fund closed in July 2011 with $355 million of capital commitments.
Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 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 third-quarter earnings conference call. Image source: The Motley Fool. You may begin.
Nordic Capital has successfully closed its latest fund, Evolution II, at its 2bn hard cap, exceeding its initial target of 1.4bn. The re-up rate is reported to have exceeded 100% by capital, with strong commitments from both existing investors and new entrants.
Stonepeak, an alternative investment firm specialising in infrastructure and real assets with around $72bn in assets under management, has completed the acquisition of specialist private credit investment manager Boundary Street Capital. Hogan Lovells served as legal counsel to Boundary Street.
The global baseball market is continuing to expand at the same time as we see increasing sports betting legalization in markets such as Mexico, Korea, Taiwan, and anticipated future markets like Japan and India. We also generated strong gains both in the U.S. and globally, with the U.S. up 58% year on year and the rest of the world up 19%.
The board also includes senior executives from within the group, such as Andrea Bonomi, Francesco Cignolo, Fabrizio Riccardi, Ileana Bolcato, Bruno Sollazzo, and legal advisor Paolo Montironi. Learn more about fundraising efforts in Italy and meet Generali at Italy’s Largest Private Equity Conference in Milan.
This was no small feat, particularly given the challenging capital market environment for cannabis investments. Early in fiscal '24, we fine-tuned these production processes after completing significant capital projects in fiscal '23. You know, capital markets are still tight. In Q1, we secured a strategic investment of $124.6
The fund will pursue private equity investments, credit opportunities, and direct asset-level transactions in the oil and gas sector. The fund will pursue private equity investments, credit opportunities, and direct asset-level transactions in the oil and gas sector. Can`t stop reading?
The oversubscribed fund, which hit its hard cap in just four months, brings the firms total assets under management to over $3.5bn. Kirkland & Ellis served as the legal counsel for Fund 5, while Houlihan Lokey acted as the exclusive placement agent. Can`t stop reading?
of its total assets. of its total assets. Alternative investments make up a substantial portion of MainePERS’ portfolio, accounting for 57.5% Alternative investments make up a substantial portion of MainePERS’ portfolio, accounting for 57.5%
We're very pleased with Enact's operational strength's capital levels and consistent shareholder distributions. life insurance companies reported an estimated pre-tax loss of $18 million, driven by unfavorable mortality and higher new claims, as well as lower benefit from legal settlements. On a statutory accounting basis, the U.S.
Vistria Group, a private equity firm based in Chicago with ties to former President Barack Obama, has successfully closed a $3bn fund, adding to the growing list of Windy City investors raising capital over the past year, according to a report by BNN Bloomberg. However, Vistria has also faced legal challenges.
This news sent Bitcoin (CRYPTO: BTC) rocketing higher yesterday, with the world's largest cryptocurrency by market capitalization briefly breaching the $28,000 level. It's not entirely clear if Grayscale will be the first to launch a spot Bitcoin ETF, even though this victory is tied to the company's legal fight against the SEC.
Legal challenges and market perception If you've heard of Ripple at all, it's probably because of the legal challenge it's facing. Ripple doesn't want to settle the case, aiming to set a legal precedent for the crypto industry as a whole. Howey is a legal principle established in a 1946 Supreme Court case. Here's why.
Brian Himot , Head of Structured Capital at SVP, said: “This is exactly the kind of complex capital solution our investment, operating and capital markets teams are ideally placed to deliver. ” Linklaters LLP acted as legal counsel to Celsa Poland. Houlihan Lokey Inc. Source: Yahoo!
Benefits Canada reports world's 500 largest asset managers’ AUM up 12.5% in 2023: The world’s 500 largest asset managers’ assets under management increased by 12.5 per cent) and fixed income (29 per cent) remained the dominant asset classes for institutional investors. Asset managers located in the U.S.
This included a $355 million benefit from legal settlements, which are now materially complete. We ended the fourth quarter with holding company cash and liquid assets of $294 million, which includes approximately $186 million in cash set aside for future obligations. Our liquidity position remains strong. Slide 11 shows the $3.2
cannabis market -- if and when it eventually it opens up due to federal legalization. Tilray Brands has focused on opportunities outside of cannabis Canopy Growth's strategy centers around hopes for cannabis legalization in the U.S. Tilray is also hopeful for legalization but it hasn't been standing pat.
Private market secondaries manager Coller Capital has acquired a $1.6bn senior direct lending portfolio from multiline US insurer American National, marking the largest ever LP-led credit secondaries transaction focused on a senior direct lending portfolio. Coller Capital was approved to buy all funds by the underlying GPs.
So what The judge's ruling concluded that Ripple was a security when it was sold to institutional investors, who they said were speculating on an asset that they would then sell. This should help the ongoing trading of existing tokens, and Bitcoin, Ethereum, and Dogecoin are clear leaders from a market capitalization standpoint.
Buchler Phillips, a UK independent advisory boutique specialising in corporate recovery, turnaround, restructuring, and insolvency, has launched a new private equity investment arm, Bronzewood Capital (Bronzewood). They will be supported on investment execution and portfolio management by Investment Executive Oliver Southwell.
Renovus Capital Partners has held an oversubscribed and above-target closing of its fourth private equity fund, Renovus Capital Partners IV Core Buyout LP and parallel vehicles (Fund IV), with $875 million of capital. Earlier this year, Renovus closed its first multi-asset continuation fund with $325 million of capital.
This article is intended for educational purposes only and is not legal advice. Your new country might have its own rules on capital gains taxes, for instance. Your new country might have its own rules on capital gains taxes, for instance. For guidance on your personal situation, please contact a lawyer.
NorthWall Capital (“NorthWall”), a leading credit investment firm delivering private capital solutions to counterparties in Western Europe, today announces the final close of its flagship NorthWall European Opportunities Fund II and associated vehicles (“NWEOF II” or “the Fund”), attracting more than €640m in investor commitments.
As e-commerce continues its forward march, it looks like Shopify will be one of the companies leading the way, making it an excellent choice for investors looking to capitalize on the trend. states legalized sports betting -- opening a massive opportunity for companies like DraftKings that specialize in online sports gambling.
Three that are worth watching are Innovative Industrial Properties (NYSE: IIPR) , NewLake Capital Partners (OTC: NLCP) , and Green Thumb Industries (OTC: GTBIF) , and that's even if federal decriminalization doesn't happen soon. It also, for a REIT, has a low level of debt, with 12% debt to total gross assets. million, or $0.05
This update contains the dollar value of the asset reserves for the Old-Age Survivors and Insurance Trust Fund (OASI), which parses out monthly benefits to retired workers and survivor beneficiaries, as well as the Disability Insurance Trust Fund (DI), which is responsible for paying benefits to workers with disabilities.
Ares Capital (NASDAQ: ARCC) , and EPR Properties (NYSE: EPR) offer yields above 8% at recent prices. Ares Capital Ares Capital is the world's largest publicly traded business development company, or BDC. At the end of June, there were 525 companies in Ares Capital's portfolio. At recent prices, it offers an 8.9%
Drilling down into the deal Williams has agreed to buy a portfolio of natural gas storage assets from Hartree Partners for nearly $2 billion. The company is paying about 10 times estimated 2024 earnings before interest, taxes, depreciation, and amortization ( EBITDA ) for these assets. billion to $6.8 It paid nearly $1.3
Morgan Asset Management, released a report that compared the returns of publicly traded companies initiating a dividend and growing their payout over a period of 40 years (1972 to 2012) to publicly traded companies that didn't offer a dividend over the same time line. PennantPark Floating Rate Capital: 10.8% All but $0.1
Investors who are nearing retirement, or simply eager to boost their passive income stream, may want to turn toward Pfizer (NYSE: PFE) and Ares Capital (NASDAQ: ARCC). Ares Capital Corporation Ares Capital is a business development company, or BDC. Ares Capital finished June with 525 portfolio companies, which was 10.5%
In January, Coinbase Global surveyed 352 institutional investors working in asset management companies, hedge funds, private banks, and family offices. An overwhelming majority of them controlled assets in excess of $1 billion, making them among the larger players in the markets. Then, their capital will flow in with higher volume.
Compared to directly purchasing the cryptocurrency, which requires infrastructure to store the coins and also introduces potential legal implications, the ETFs provide a regulated and well-understood investment vehicle for institutions like Goldman Sachs. Most apparent is its finite supply.
government may soon enact marijuana reform, which could lead to eventual legalization down the road. Tilray says that it is going to use the proceeds of the offering "to fund strategic and accretive acquisitions or investments in businesses, including potential acquisitions of assets in the U.S. Legalization in the U.S.
But at a market cap of $32 billion, this remains on the radar of digital asset investors hoping for things to turn around. The issue with this ruling, however, is that institutions control enormous amounts of capital used in cross-border transactions, representing a potentially huge source of demand that could drive up XRP's price.
Whether Amazon is monopolistic in the legal sense of the word, it's certainly big enough to look like one. Just for the sake of argument, however, let's say the FTC's suit gets legal traction. Amazon has been under regulatory and legal scrutiny before and survived. Conversely, keep things in perspective.
With people generally living longer, grandparents might think time is on their side to decide how to pass their assets on to their descendants. Trust these basics A trust is a legal entity that holds assets for beneficiaries. Upon your death, a successor trustee manages the assets, including their distribution.
Best of all, Coinbase isn't just capitalizing on this shift; it is in a good position to facilitate it. Simultaneously, it provides sophisticated products and services tailored for institutional investors looking to explore the power of digital assets. However, that is quickly changing.
At one point in the company's history, it actually owned energy production assets. That was a while ago now, with the energy giant effectively looking to slim down to more contract-based, fee-focused, and regulated utility assets. These were reliable cash-generating assets in supportive regulatory markets.
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