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