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USI Partners raised an additional $139m for its Southeast Asia-focused energy transition strategy, bringing the total fund size to $259m. These funds will support the SUSI Asia Energy Transition Fund (SAETF) and the Sustainable Asia Renewable Assets (SARA) platform.
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.
In addition, the survey suggests that there will be an increase in LP- and GP-led transactions, although LPs will drive the vast majority of deals with pension funds being the largest sellers. The establishment of a dedicated buyer universe has given LPs confidence to bring large portfolios to market.
After closing SAETF in 2023 at $120m, the fund was reopened in 2024 based on strong dealflow and demand from LPs. To date, the fund has invested in projects in Vietnam, the Philippines, Thailand, and Cambodia. The initial focus of the platform will be on getting greenfield projects into construction and operation.
Fund investing, like adulting, is boring. That’s the first thing anyone trying to raise a fund needs to understand, as well as anyone thinking about investing in one. The partner at the fund, the VC, gets to do the fun part—the meeting with founders, vetting deals, negotiating, helping, etc. So what’s the point?
At their core, they're capital providers to early-stage businesses looking for funding to get their operations off the ground. Many BDCs focus on specific sectors, making the risk profile of each portfolio vastly different. This can result in repeat business in the form of refinancing within the portfolio or referral-dealflow.
The REIT has two big catalysts ahead that should increase its dealflow and ability to finance new investment opportunities. These deals enable companies to unlock the value of their real estate while providing them with the capital they can use to repay debt, expand their operations, or fund cash returns to shareholders.
Who is actually building a portfolio whose founders reflect the diversity of the greater population? I went back and calculated the number of companies in the first Brooklyn Bridge Ventures portfolio who have at least one founder who is female, from an underrepresented minority group, or LGBT. Not directly, anyway. And does it work?
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.
Pantheon, a leading global private markets investor, is pleased to announce the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totalling $3.25bn. Source: Businesswire Can’t stop reading?
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.
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, asset managers, endowments, family offices and high net worth individuals. Since inception, New Mountain’s net lease strategy has completed $1.9
Moreover, I also think that more hedge funds may begin taking positions in Palantir. I think the deals with Microsoft and Oracle bode well for Palantir's chances to continue partnering with the tech sector's largest businesses. More Partnerships: Earlier this year, Palantir signed two notable strategic partnerships.
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.
According to data from Pitchbook and Affinity’s annual predictions survey, more than a third of nearly 300 respondents identified due diligence criteria as a major factor impacting dealflow. With a 76% increase in the number of funds in operation from 2015 to 2023, the pressure to identify and close deals has never been higher.
Overall, while navigating a challenging macro-environment, our portfolio continued to demonstrate resilience as we continued to grow our experiential portfolio in a disciplined manner. 100% of the spending was in our experiential portfolio. Overall portfolio coverage remains strong at two times, down slightly from last quarter.
Discover the advantages of a relationship bank providing leverage on both fund and portfolio level, optimizing your investments for maximum returns. They enhance Internal Rate of Return, provide funding certainty in competitive situations, or cater for additional investments. Unlock the power of leverage in private equity.
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 capital deal. Sometime in the next few weeks, I’ll complete my next investment. No new investments.
On the positive side, funding happens so rarely, that you’re inevitably going to be asked how you did it—and it’s just human nature to think that it’s something you did, versus the inherent awesomeness of the idea, the team’s relevance to the challenge, etc. It’s not me, it’s them. What counts as a rabbit?
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.
But acquisitions are lumpy: Subsequent to the end of the quarter, it added another $230 million worth of properties to the portfolio. That isn't a huge deal, since it's normal for acquisitions to be lumpy. billion in liquidity available to fund new deals, so closing acquisitions won't be an issue of investment capacity.
Some 56 new issuers across a range of industries were added to PGI Private Capital’s portfolio, and 79 existing borrower companies returned for further funding. PGIM Private Capital also launched its first European Long-Term Investment Fund (ELTIF) in H1 2024 to support its direct lending strategy.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. Importantly and atypically, over half of our Q1 debt brokerage dealflow was on non-multifamily assets in retail, hospitality, industrial, and office.
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.
Disagreements over valuations have been a barrier for buyout firms attempting to exit their portfolio companies, according to a report by Bloomberg, which cites an Ares Management (Ares) executive speaking at this year’s IPEM in Cannes. Michael Elio, a Partner at StepStone Group who also spoke on the panel, noted a boom in continuation funds.
Please note that certain information discussed on this call, including information related to portfolio companies, was derived from third-party sources and has not been independently verified. Main Street defined ROE as the net increase in net assets resulting from operations divided by the average quarterly total net assets.
Sarah Rundell of Top1000funds reports AIMCo talks total portfolio approach, private credit, and risk: Alberta Investment Management Corporation, AIMCo, the $160 billion asset manager for pensions, endowments and insurance groups in Canada’s western province, is developing a total portfolio approach in private assets.
Some short-sellers view Palantir as a glorified government contractor, given its heavy reliance on public sector dealflow. pic.twitter.com/mJ9Cfxx3Ot -- Ark Invest Daily (@ArkkDaily) January 6, 2024 Currently, Palantir stock is the 25th largest holding among Ark Invest's exchange-traded funds (ETFs) and represents 1.3%
That believe has not only translated into the most diverse portfolio run by an investor who looks like me, with over 50% of the teams including diverse founders, but also into top quartile returns in our last fund. Venture is all about access—getting the best deals. Contact me here to find out more about this.)
Will Turner, Director – Fund Services, chats to Private Equity Wire about industry trends and some of the current challenges and opportunities facing the firm and its clients… PEW: Can you outline the industry trends which have been driving growth and development within your firm over the past year?
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The 10 stocks that made the cut could produce monster returns in the coming years. And now, I'll turn the call over to Main Street's CEO, Dwayne Hyzak.
Investors and asset owners choose portfolio goals, and BlackRock enables them through our investment products and solutions. We bring together the entire firm to combine investment technology and portfolio servicing capabilities to meet client's specific business needs. government money market funds.
Laura Benitez and Nishant Kumar of Bloomberg report hedge funds draw pension money to riskiest corner of a $1.3 Laura Benitez and Nishant Kumar of Bloomberg report hedge funds draw pension money to riskiest corner of a $1.3 trillion credit market: A high-stakes trade in the riskiest corner of a $1.3
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. First quarter FAD, funds available for distribution, of $0.65 And our net funded debt to annualized adjusted normalized EBITDA was 5.03
Click here to read the recap 📝 Since the fund started in January 2021 we have deployed $8.1m In addition to the fund which is my primary vehicle, Super Angel Syndicate provides an opportunity for investors to contribute more, from time to time, into individual companies via special purpose vehicles (SPVs).
The system works exceptionally well, yet in the past year, we have seen increasing calls to change this model and use pension funds as a policy tool. This has culminated in an announcement from Ottawa to explore ways to have pension funds invest more domestically. This outperformance aggregated to $4.2-billion
In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. Additionally, we are very pleased with the progress on the only former remaining Bed Bath & Beyond of the three that were in our portfolio.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. We believe the continued path of central bank normalization will support sustained inflows across bond funds, ETFs, and institutional accounts.
Click here to read the recap 📝 Since the fund started in January 2021 we have deployed $8.6m In addition to the fund, Super Angel Syndicate provides an opportunity to contribute more, from time to time, into individual companies via special purpose vehicles (SPVs). across 159 investments into 107 companies. gross multiple.
Our investments were spread across: - Consumer (11) - eCommerce SaaS (9) - PropTech/Future of Work (3) Since the fund started in January 2021 we have deployed $10.2m Across the entire SuperAngel portfolio combined, including SuperAngelSyndicate.com , we have deployed $21.2m across 198 investments into 127 companies.
Ishika Mookerjee and Sheryl Tian Tong Lee of Bloomberg report Quebec pension struggles to deploy $7 billion for energy transition: One of Canada’s biggest pension funds says it hasn’t been able to deploy the CAD 10 billion ($7.3 Anyway, I am going to end it there, not much more to discuss but I do agree with Wai Leng Leong when she states: “.when
Please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blue Owl funds. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. Fourth quarter FAD funds available for distribution of $0.64 The 10 stocks that made the cut could produce monster returns in the coming years.
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