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therealdeal.com 20hours ago

Bruce Karsh Oaktree | Harvey Weinstein

UPDATED, April 18, 11:31 a.m.: Talk about a distressed asset. The buyer of disgraced producer Harvey Weinstein’s Greenwich Village townhouse took out a $20 million mortgage — signed by Bruce Karsh, chief investment officer at private equity giant Oaktree Capital Management. The Oaktree executive’s signature was on the loan from Bank of America, according to records filed with the city. The buyer bought the house on Bank Street for $25.6 million last month through an entity […]
Read by 54% of LPs

bloomberg.com 51 minutes ago

Blackstone Seeks $10b For Infrastructure

Blackstone Group LP, the private equity giant with ambitions for the largest-ever infrastructure fund, is seeking as much as $10 billion to supplement a $20 billion anchor commitment for the pool before it starts investing, people with knowledge of the plans said. The firm is planning to start with $5 billion of outside capital and as much as $5 billion from clients with separately managed accounts, said the people, who asked not to be identified because the process is private.
Read by 77% of LPs

telegraph.co.uk 4 hours, 36 minutes ago

Young's Seafood Owners Put Food Giant Up For Sale

The private equity owners of Young's Seafood have put the frozen food manufacturer up for sale, sparking a potential bidding war. Lion Capital, Bain Capital and HPS Investment Partners have thrown the doors open to prospective buyers as they look to bring down the curtain on their 10-year ownership. Speculation has been mounting over the future of the British seafood supplier since December, with Japan's Mitsubishi Corporation - the owner of canned food producer Princes - rumoured to be plotting a bid.
Read by 65% of LPs

vcaonline.com 4 hours, 46 minutes ago

Jll And Water Street Announce Acquisition To Expand Global Life Sciences Commercialization Services Platform

JLL and Water Street Announce Acquisition to Expand Global Life Sciences Commercialization Services Platform CHICAGO and NEW YORK, April 18, 2018-- Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, and JLL Partners, a leading middle-market private equity firm, announced today that they have signed an agreement to acquire Triplefin. An industry leader in patient support for more than 30 years, Triplefin is the latest company to join the investment firms' growing life sciences commercialization services platform. The addition of Triplefin to the life sciences platform will significantly expand the platform's patient-centered capabilities.
Read by 52% of LPs

therealdeal.com 4 hours, 51 minutes ago

Factory Building Lic | Partners Group

Square Mile Capital sold its stake in the Factory Building in Long Island City to Partners Group and Atlas Capital Group in a deal valuing the property at $400 million, sources told The Real Deal. Square Mile and Atlas previously owned a combined 51 percent stake in the 1 million-square-foot office-and-retail property, sources said. Atlas kept its interest and partnered with asset manager Partners Group to buy out Square Mile, increasing its overall stake in [...]
Read by 37% of LPs

business-standard.com 20 hours, 51 minutes ago

Cohen Heads East To 'Swing Big' With Point72 Ventures

Hedge fund manager Steven Cohen is bringing his passion for tech startups to Asia, along with his checkbook. Point72 Ventures is starting to evaluate prospects on the continent after putting millions of dollars into startups in the Americas and Europe.
Read by 41% of LPs

reuters.com 23 hours, 16 minutes ago

Explainer: Ant Financial's $150b Valuation, And The Big Recent Bump-up | Reuters

HONG KONG (Reuters) - Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. Just two months ago, bankers and investors were tentatively talking of a figure closer to $100 billion.
Read by 77% of LPs

swfinstitute.org 23 hours, 51 minutes ago

Why Did Blackrock Acquire Tennenbaum Capital Partners? | Swfi - Sovereign Wealth Fund Institute

Asset manager giant BlackRock Inc. signed a definitive agreement to acquire Tennenbaum Capital Partners, LLC, in a bid to strengthen its credit platform. BlackRock wants to build a larger private credit business to expand fee generation and offer clients more than just passive products. Formed in 1999, Los Angeles-based Tennenbaum Capital Partners is a firm [...]
Read by 57% of LPs

pehub.com 23 hours, 51 minutes ago

Drillcore Energy Targets $250m For Inaugural Oil And Gas Fund

Drillcore Energy Partners is seeking $250 million for its inaugural private equity fund that will invest in upstream oil and gas in the U.S. Drillcore, led by Founder and Managing Partner Evan Turner, wants to [...]
Read by 47% of LPs

reuters.com April 18, 2018

Explainer: Ant Financial's $150b Valuation, And The Big Recent Bump-up | Reuters

HONG KONG (Reuters) - Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. Just two months ago, bankers and investors were tentatively talking of a figure closer to $100 billion.
Read by 45% of LPs