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jdsupra.com May 24, 2024

Eir Partners Closes Fund With $496M | Mcguirewoods Llp

Eir Partners Capital has announced it has closed the second iteration of its private equity fund with $496 million in capital commitments. The fund, Eir Partners Investment Program II, was oversubscribed....By: McGuireWoods LLP.
Read by 60% of LPs

theguardian.com 10hours ago

Wall Street Tycoon Stephen Schwarzman Reverses Course And Backs Trump | Us Elections 2024

Billionaire investor, who had turned his back on former president, says he will donate to Republican contender’s 2024 campaignThe billionaire private equity tycoon Stephen Schwarzman, a former ally of Donald Trump who turned his back on the ex-president, has decided to support him in the 2024 race for the White House.Schwarzman, widely seen as one of the most powerful men on Wall Street, defected from Trump less than two years ago, when he declared that the time had come for a new generation of leaders to take over the Republican party. Continue reading...
Read by 62% of LPs

nytimes.com May 24, 2024

Starwood Reit, Facing A Possible Cash Crunch, Limits Withdrawals - The New York Times

Starwood Real Estate Income Trust is restricting what investors can redeem rather than sell its properties to raise cash. : Starwood Real Estate Income Trust is restricting what investors can redeem rather than sell its properties to raise cash. A giant real estate fund managed by the company of the billionaire investor Barry Sternlicht is limiting the amount of money that investors can redeem, in an attempt to fend off a potential cash crunch as high interest rates pummel the market for commercial properties like office buildings.
Read by 49% of LPs

nytimes.com May 24, 2024

Are University Athletes About To Earn A Big Payday? - The New York Times

A $2.8 billion class-action settlement proposal could finally erase the notion that college stars are amateurs — though the plan has drawn skeptics.
Read by 36% of LPs

cio.com May 24, 2024

Private Equity Looks To The Cio As Value Multiplier

The CIO’s value in the rebounding private equity market appears to be increasing, as investors see IT as an enabler of new revenue and as a driver of cost efficiencies. Several CIOs and other IT leaders in private equity (PE) environments say they see a trend toward the position being elevated, both with investors and at the portfolio companies they fund. PE investors have begun to realize they can achieve better returns with strong and empowered CIOs at portfolio companies, says John Buccola, CTO of E78 Partners, a managed services provider focused on the private equity market.
Read by 75% of LPs

wealthmanagement.com May 23, 2024

Software Firm Envestnet Draws Interest From Advent, Gtcr

Envestnet has been working with a financial advisor to explore sale options. : (Bloomberg) -- Envestnet Inc., a provider of wealth-management software, is drawing takeover interest from buyers including Advent International and GTCR, according to people familiar with the matter. The private equity firms are among suitors that have expressed interest in a deal, said the people, who asked to not be identified discussing confidential information. Berwyn, Pennsylvania-based Envestnet has been working with a financial adviser to explore options, they said.
Read by 42% of LPs

finance.yahoo.com May 23, 2024

Charles Schwab To Roll Out Alternatives Platform For Qualified Investors

(Bloomberg) -- Charles Schwab Corp. is planning to roll out an alternative investments platform in phases for individual investors this year. The platform will offer investors access to private equity, venture capital, private credit and long-short exchange funds to start, with one or two offerings in each of those categories, executives said at the Westlake, Texas-based firm’s institutional investor day. The new platform would be available for qualified, self-directed investors with more than $5 million in assets, the executives said.
Read by 33% of LPs

straitstimes.com May 22, 2024

Kkr, Tpg Said To Weigh Options For Propertyguru Including Buyout | The Straits Times

They could also opt to buy the remaining shares in PropertyGuru they don’t already hold. : KUALA LUMPUR - KKR & Co and TPG are exploring options including a buyout of South-east Asian online real estate platform PropertyGuru Group, said people familiar with the matter. The US private equity companies are working with a financial adviser to help gauge initial interest from other global investors in New York-listed PropertyGuru, the people said, asking not to be identified because the matter is private.
Read by 58% of LPs

jdsupra.com May 22, 2024

Key Takeaways From The 2024 Healthcare Private Equity And Finance Conference | Mcguirewoods Llp

McGuireWoods recently held its 20th Annual Healthcare Private Equity and Finance Conference (HCPE Conference) in Chicago. The conference drew more than 1,000 professionals from private equity funds, senior and mezzanine lenders, and investment banks, as well as C-level executives, consultants and principals in the healthcare industry. The premier, two-day conference held May 8-9, 2024, provided content-rich programming that explored the economic and legislative environments, approaches for...By: McGuireWoods LLP.
Read by 61% of LPs

straitstimes.com May 22, 2024

Ultra-rich In Asia-pacific Seeking Greater Balance Between Bonds And Equities: Ubs Report | The Straits Times

Allocations to developed market bonds increased by the largest amount in five years. : SINGAPORE - Asia-Pacific family offices have begun a strategic shift to a portfolio more balanced between fixed income and equities as they diversify and seek better returns. Over the next five years, they plan to allocate more assets to Asia-Pacific markets, and add bonds and equities from developed markets, private equity funds and hedge funds.
Read by 66% of LPs