Why Private Equity Will Continue To Play A Role In Institutional Portfolios
During the private equity panel at the Trusted Insight Summit 2019, senior-level investment leaders from two endowments, a health care system, and a public pension shared their thoughts on how private markets will continue to develop in the next decade and how it will impact institutional portfolios. They also discuss why they will continue strategic and consistent deployments into private equity rather than a tactical approach; the emerging market opportunities that they are focused on; and how active and hands-on they are when working with new funds.
Submittable Raises $10M To Help Publishers And Other Organizations Manage Their Submissions - Techcrunch
Submittable is announcing that it has raised $10 million in Series B funding. When I first wrote about the company in 2012, it was focused on helping literary magazines manage their submissions -- useful, but maybe not the kind of thing that venture capitalists write big checks for. Since then, Submittable raised a $5 million [...]
Vilas Capital 2q19 Performance Update - Valuewalk Premium
The Fund rose 7.8% in the second quarter of 2019, bringing the year to date return to 44.8%. As of today, it is up another 5% +/-, bringing the year to date return to roughly 52%. The full letter should be out in the next few days. Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero.
Private Equity Firm Kkr Hires Northwestern Mutual Tech Officer
Private equity giant KKR has hired Emilia Sherifova, the top technology officer at Northwestern Mutual, to develop a data-driven approach she says will play a "central role" in KKR's next stage of evolution. Private equity executives are seeing data strategy as a way to analyze investments and juice returns. Blackstone said last February it had created a data platform to support decision-making. Matt Katz, hired from Point72 Asset Management in 2015, heads up data scientists who work with the firm's dealmakers. Data insights help create opportunities and avoid mistakes, said Patrick Davitt, an analyst at Autonomous Research who covers KKR.
How To Get Institutional Investors Into A Bdc
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Pg&e Bondholders Seek Control Of Bankrupt Ca Utility | The Sacramento Bee
Two groups of multibillion-dollar hedge funds are fighting over control of PG&E Corp. in a battle with huge implications for California's largest electric utility and the thousands of wildfire victims ... Click to Continue >>
Appraisal Institute Condemns Ncua's Action, Calls For Congressional Oversight
CHICAGO, July 18, 2019 /PRNewswire/ -- The nation's largest professional association of real estate appraisers vigorously condemned today's action by the National Credit Union Administration, calling the NCUA's decision to effectively reduce the number of appraisals required for commercial real estate loans irresponsible, radical and dangerous. "This is an outlandish scenario for anyone who cares about the safety and soundness of the nation's commercial real estate lending system, and it could recreate conditions that led to the financial crisis of the late 2000s," said Appraisal Institute President Stephen S. Wagner, MAI, SRA, AI-GRS.
Commercial Property Clos Get Riskier | National Real Estate Investor
Real estate investors are bundling increasingly speculative short-term mortgages into CLOs. : Real estate investors are bundling increasingly speculative short-term commercial property mortgages into bonds known as collateralized loan obligations. The properties packaged into these deals don't qualify for more traditional forms of financing, such as being included in commercial mortgage-backed securities, because they are being refurbished or are otherwise in a state of transition. An example may include an empty office tower undergoing renovations and waiting for new tenants.
Blackstone In Negotiations To Sell Some Glp Warehouses | National Real Estate Investor
The private equity giant is in talks with prospective buyers, including Prologis. : (Bloomberg)--Blackstone Group LP is talking with prospective buyers for some of the warehouses it will amass as part of an $18.7 billion acquisition agreed to last month with GLP Pte Ltd., according to people with knowledge of the matter. The investment firm has solicited interest for bespoke portfolios of properties from suitors including Prologis Inc., said some of the people, who asked not to be identified because the discussions are private. At least one portfolio is valued at $1 billion or more, one of the people said.
Global Family Office Growth Soars, Manages $5.9T
Asia Pacific and North American business families of wealth have powered the record-breaking growth of family offices by more than one-third in only two years to manage $5.9 trillion in assets. Campden Research estimated this week there were 7,300 single family offices worldwide, up a significant 38% from 2017. The largest proportion was of those 7,300 family offices was based in North America (42% or 3,100 offices), followed by Europe (32% or 2,300 offices), Asia Pacific (18% or 900 offices), and the emerging markets of South America, Africa and the Middle East (8% or 600 offices).
Vc-backed Mirum Pharmaceuticals Debuts Ipo
Foster City, California-based Mirum Pharmaceuticals, a clinical-stage therapeutics company focused on treating cholestatic liver diseases, has raised $75 million for its IPO after pricing its 5 million shares at [...]