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jdsupra.com 7hours ago

Emerging Manager Spotlight: Daniel Bakalarz And Alex Furmanski Of Unison Asset Management | Mcguirewoods Llp

The interview below is part of a series from The McGuireWoods Emerging Manager Program featuring impressive emerging managers. The McGuireWoods Emerging Manager Program supports emerging managers throughout the most critical stages of a fund’s evolution. It offers a differentiated and proprietary approach to connecting emerging managers with limited partners, providing intelligence on market terms and preferences, and advising emerging managers on all components of building a durable brand as an...By: McGuireWoods LLP.
Read by 70% of LPs

wealthmanagement.com 9hours ago

Heckenberg’s Pe Firm Makes First Investment In Alphacore Wealth

Constellation Wealth Capital has purchased a minority stake in the alts-focused, technology-driven California RIA. : AlphaCore Wealth Advisory, a La Jolla, Calif.-based, alternatives-focused registered investment advisory firm managing $2.6 billion for around 1,140 clients, has become the first capital recipient of Karl Heckenberg’s new private fund management company, Constellation Wealth Capital. After disclosing plans earlier this year to raise $1 billion for a private equity fund to buy minority, non-controlling stakes in RIAs and other wealth advisory platforms, Constellation has purchased more than a quarter of AlphaCore’s equity, replacing two family office investors in its inaugural transaction.
Read by 65% of LPs

thinkadvisor.com 9hours ago

Reverence Moves To Sell $2.5B Stake In Osaic

The private equity firm wants to sell up to 20% of the former Advisor Group of independent broker-dealers. : Get alerted any time new stories match your search criteria. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. Reverence Capital Partners, the financial-services focused private equity group, is seeking buyers for a minority stake in Osaic, the network of wealth management firms formerly known as Advisor Group, people familiar with the matter said.
Read by 62% of LPs

ritholtz.com 11hours ago

Transcript: Michael Fisch - The Big Picture

    The transcript from this week’s, MiB: Michael Fisch, American Securities, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ 00:00:00 [Speaker Changed] This is Masters in business… Read More The post Transcript: Michael Fisch appeared first on The Big Picture.
Read by 71% of LPs

efinancialcareers.com 12hours ago

A Big Private Equity Firm Promoted A Lot Of Men To Its Top Jobs

If you're a woman with aspirations of making it to the top in private equity, then the latest round of promotions at KKR may not fill you with optimism. Of 41 people promoted to partner or managing director, we count only six women. The female faces are lost amidst a sea of men.
Read by 42% of LPs

benzinga.com 14hours ago

Capital Square Jv Completes Phase One Construction Of Steamboat Basecamp Multifamily Development In Steamboat Springs, Colorado

STEAMBOAT SPRINGS, Colo., Dec. 5, 2023 /PRNewswire/ -- Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of multifamily communities, announced today the completion of construction of phase one for Steamboat Basecamp, a 75-unit mixed-use multifamily property in Steamboat Springs, Colorado. The project is being developed in conjunction with May Riegler Properties, a full-service real estate development and asset management firm. Phase one consists of 75 for-rent apartment units and 8,343 square feet of leasable ground floor retail space, demised into four spaces.
Read by 53% of LPs

wealthmanagement.com December 04, 2023

Heckenberg’s Pe Firm Makes 1st Investment In Alphacore Wealth

Constellation Wealth Capital has purchased a minority stake in the alts-focused, technology-driven California RIA. : AlphaCore Wealth Advisory, a La Jolla, Calif.-based, alternatives-focused registered investment advisory firm managing $2.6 billion for around 1,140 clients, has become the first capital recipient of Karl Heckenberg’s new private fund management company, Constellation Wealth Capital. After disclosing plans earlier this year to raise $1 billion for a private equity fund to buy minority, non-controlling stakes in RIAs and other wealth advisory platforms, Constellation has purchased more than a quarter of AlphaCore’s equity, replacing two family office investors in its inaugural transaction.
Read by 57% of LPs

moguldom.com December 04, 2023

Black Investment Management Firm Ariel Investments Buys Into Digital Media With Purchase Of My Code

Ariel Alternatives, the private equity division of Ariel Investments, has acquired an approximately 60% stake in My Code from current investors, which includes the private equity firm Falfurrias Capital Partners and other shareholders. This transaction values My Code at $400 million based on enterprise valuation. The existing sellers will maintain a minority ownership in My […] The post Black Investment Management Firm Ariel Investments Buys Into Digital Media With Purchase Of My Code appeared first on Moguldom.
Read by 49% of LPs

fa-mag.com December 04, 2023

Carlyle Weighs Foray Into Market That's Transforming Pensions

Carlyle Group Inc. is exploring how to capture a piece of a multibillion-dollar corner of finance that’s changing who writes private-pension checks to millions of retirees. With workers living longer and markets in flux, employers worldwide are trying to get traditional pensions off their books. They’re turning to so-called pension risk transfers — paying insurers to take on their financial obligations to pensioners. Carlyle is investigating a potential role in the arcane yet burgeoning business and is interested in the UK market, people familiar with the matter said. A spokesperson for the Washington-based firm declined to comment.
Read by 37% of LPs

asia.nikkei.com December 04, 2023

U.s. Investor Ares To Enter Japanese Private Equity, Real Estate - Nikkei Asia

TOKYO -- U.S.-based alternative investment firm Ares Management plans to open an office in Japan as soon as next year, seeking private equity and real estate opportunities. "We expect to open our office here in Tokyo in 2024," Ares CEO Michael Arougheti told Nikkei in an interview. The move will be subject to approval by authorities.
Read by 48% of LPs