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multihousingnews.com April 09, 2021

Mhc Investment Surge Prompts Brookfield's $2B Refi

Motivated by the increasingly robust returns in the sector, the firm secured the loan for 124 properties. : An affiliate of Brookfield Asset Management has secured a $2.2 billion refinancing on its portfolio of 124 U.S. manufactured housing and RV communities extending across 13 states. Citi Real Estate Funding, DBR Investments, Morgan Stanley and Wells Fargo furnished the debt, featuring a two-year term with a trio of one-year extension options. The lenders intend to securitize the loan as CMBS debt sold to investors.
Read by 58% of LPs

swfinstitute.org March 31, 2021

Ares Management Corporation Buys Landmark Partners, A Secondaries Powerhouse

Ares Management Corporation (NYSE: ARES) announced that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. (NYSE: BSIG) and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the largest investors in acquiring secondary private fund ownership stakes in the alternative asset [...]
Read by 80% of LPs

techcircle.in March 22, 2021

Kreditbee Parent Raises Follow-on Funding From Motilal Oswal Pe, Tpg-backed Newquest

The holding entity of fintech firms KreditBee and Krazybee Services has raised $70 million (around Rs 506.7 crore) in follow-on funding just a month after Series C fundraise. Bengaluru-based Finnovation Tech Solutions Pvt Ltd has raised capital from NewQuest Capital Partners, a TPG-backed Asia-Pacific-focused secondaries private equity platform, and Motilal Oswal Private Equity. While KreditBee focuses on consumer lending, Krazybee is a non-deposit-taking non-banking company that has raised debt capital from entities including ICICI Bank, AU Small Finance Bank, and Bank of Baroda.
Read by 44% of LPs

swfinstitute.org February 05, 2021

Hsbc Sells Some Pe Interests Into New Secondaries Fund

HSBC Holdings Plc, through its investment banking unit, sold US$ 1 billion of private equity interests from its principal investments portfolio into a closed-end vehicle. The closed-end vehicle is called Private Equity Opportunities, which will act like a secondaries fund and have a target to raise US$ 1.4 billion. The new vehicle aims to make [...]
Read by 31% of LPs

businessinsider.com January 25, 2021

Top Vcs Say A16z Isn't The Only One With A 'direct' Media Plan

Summary List PlacementAn analysis by newsletter writer Eric Newcomer on Andreessen Horowitz's (a16z's) strategy to stop talking with tech journalists and instead publish its own news and content directly made waves in the venture world last week. This was in large part because it discussed a16z's powerhouse communications pro, and party-thrower extraordinaire, Margit Wennmachers. But VCs tell Insider that a16z's strategy is neither new or unique.
Read by 75% of LPs

investmentweek.co.uk January 22, 2021

Hipgnosis Urged To Use Equity Raise Prospectus To Shed More Light On Financial Disclosures

Analysts hope Hipgnosis Songs Fund will provide shareholders with more detailed financial disclosures on recent acquisitions in the prospectus for its forthcoming equity issue.
Read by 63% of LPs

forbes.com December 29, 2020

Secondary Markets Drawing New Interest From International Investors

Rather than New York City, San Francisco, and other gateway cities, secondary markets like Raleigh, Nashville, Charlotte and Austin, as well as larger metros such as Atlanta and Tampa Bay are drawing the interest of international investors based in Asia and the Middle East.
Read by 41% of LPs

prnewswire.com December 21, 2020

Adams Street Partners Closes 2020 Global Fund With $823M In Capital Commitments

CHICAGO, Dec. 21, 2020 /PRNewswire/ -- Adams Street Partners, a private markets investment management firm with $42 billion of assets under management, is pleased to announce that it has successfully held the final closing of the Adams Street 2020 Global Fund Program with approximately...
Read by 59% of LPs

allaboutalpha.com December 09, 2020

Strategic Portfolio Construction With Private Equity | Allaboutalpha: Alternative Investing Trends And Analysis | A Finance Blog About Private Equity, Commodities, And Other Alternative Asset Classes.

By Giulio Renzi-Ricci, Senior Investment Strategist, Vanguard Investor interest in private equity has been rising over the last two decades. Today private equity represents a growing opportunity for multiasset portfolios, offering the potential to significantly outperform public investments. In a new research paper, we examine the role private equity canRead More.
Read by 45% of LPs

jdsupra.com November 20, 2020

Gp-led Single Asset Deals | Weil, Gotshal & Manges Llp

Over the last five years, many private equity market participants have become acquainted with a "GP-led secondary" transaction - i.e., a transaction where a private equity sponsor proposes to transfer all or a portion of the assets managed by an existing fund into a new "continuation" fund that will be managed by the same private equity sponsor. In such a transaction, the equity capital generally comes from a combination of "secondary" capital providers that are putting new money into the deal...By: Weil, Gotshal & Manges LLP.
Read by 62% of LPs