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moneycontrol.com November 23, 2020

Mc Insider: Tinseltown Deals, Big Fish In Market Foul Play And Honeymoon Lessons For A Lifetime

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power. : Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas Earlier this year, a global private equity fund headquartered in “the city of magnificent distances”, also affectionately known as “the chocolate city" (Come on folks! Time to brush up your sobriquets! ), had engaged a head hunting firm to scout for a new managing director for its India office. Looks like that high-profile search is now over.
Read by 51% of LPs

forbes.com 34 minutes ago

Amended Sec Accredited Investor Definition Opens New Doors For Some Investors

SEC updates "accredited investor" definition enabling new opportunities for some individuals looking to invest in alternative assets like private equity and hedge funds.
Read by 46% of LPs

businessinsider.com 1 hour, 34 minutes ago

Why Blackrock Is Buying Aperio, Betting On Separately Managed Accounts

Summary List Placement BlackRock's plans to buy a firm specializing in customized portfolios is a sure sign that clients' expectations for personalized investments are rising, and a consolidating industry pressured to boost profits is rushing to keep up. The world's largest money manager, which oversees some $7.8 trillion in assets, said late Monday that it would acquire Aperio, a Sausalito, California-based firm that creates bespoke separately managed accounts, from the private equity firm Golden Gate Capital and Aperio employees for approximately $1 billion in cash.
Read by 54% of LPs

businessinsider.com 5 hours, 14 minutes ago

Investing Strategy, Top-performing Pms On Family Office Cio's Buy List

Summary List Placement Growing up with a passion for research and debate, Kent Insley had planned for a career in politics and law. But two college internships in Washington D.C. and a lot of devouring of the financial periodicals later, he pivoted to a career in investment management, starting as a management trainee at Boston-based MFS Investment Management and then working his way up to becoming a fixed-income specialist at New York-based hedge fund Millennium Partners.
Read by 44% of LPs

thestreet.com 5 hours, 34 minutes ago

Blackrock To Buy Aperio Group For $1.05B In Cash

Click to view a price quote on TWTR. : BlackRock (BLK) - Get Report, the world's biggest asset management company, said it will buy Aperio Group, an investment management services provider, from private-equity firm Golden Gate Capital and Aperio employees for $1.05 billion in cash. The deal will be funded by existing corporate liquidity and is anticipated to close in the first quarter of 2021. The combination with Aperio will boost BlackRock's SMA assets by roughly 30% to more than $160 billion. Sausalito, California-based Aperio oversaw about $36 billion in assets as of Sept. 30.
Read by 40% of LPs

scmp.com 22 hours, 4 minutes ago

Private-equity Fund 9 Basil Eyes First Acquisition In Bangkok, As Distress Mounts In Thailand's Property Sector | South China Morning Post

A private-equity fund backed by Thailand's Chiaravanont family, among others, is likely to acquire a residential development in Bangkok following the close of a maiden fund worth US$120 million.Founded by Schwin Chiaravanont and Kris Panijpan, 9 Basil is the Southeast Asia-focused investment arm of Bangkok-based Blueprint Forest, and is targeting the residential development, a distressed asset, in its initial foray into real estate.The acquisition underlines the tough conditions that property...
Read by 63% of LPs

nreionline.com 22 hours, 34 minutes ago

Distress Investors Work To Get Their Dry Powder To Work | National Real Estate Investor

Firms waiting for an opportunity to invest in distressed assets are looking at different avenues to approach their goals. : Turnbull Capital Group is one player in an increasingly crowded field of capital jockeying for opportunity to take advantage of potential distress that may emerge in the commercial real estate market in the wake of the pandemic. Over the past nine months, the commercial real estate investment banking firm has partnered with more than $20+ billion in dry powder that it plans to aim at investment opportunities in distressed assets.
Read by 54% of LPs

straitstimes.com November 23, 2020

Blackstone Seeking At Least $6.7B For Second Asia Fund, Banking News & Top Stories - The Straits Times

November 23, 2020 11:20 AMThe private equity giant is doubling down on Asia as the pandemic offers up more deal opportunities.
Read by 63% of LPs

brisbanetimes.com.au November 23, 2020

Village Roadshow Suitor Breaks Investor Deadlock With Sweetened Deal

A private equity offer for Village Roadshow is back in play after an increased offer from BGH valuing it at $586 million received support from one of the institutional investors blocking the deal.
Read by 71% of LPs

economictimes.indiatimes.com November 23, 2020

Blackstone Seeks $5 Bn For Second Asia Buyout Fund: Source - The Economic Times

Blackstone Group Inc is seeking to raise about $5 billion for its second private equity fund focused on Asia, according to a person familiar with the matter.
Read by 65% of LPs