Blackstone buys Toronto rental development company in a US$3.5-billion deal

New York-based Blackstone, the world’s largest alternative asset manager, says it will pay about US$11.25 per common share for Tricon Residential Inc. which equates to a US$3.5 billion equity transaction. Blackstone will take the Toronto-based rental development company private. Tricon is an owner, operator and developer of about 38,000 single-family rental homes in the U.S. […]

BlackRock bets on infrastructure in $12.5bn deal

BlackRock has agreed to acquire Global Infrastructure Partners, a New York City-based infrastructure fund manager, in a $12.5 billion cash-and-stock deal. The GIP management team, led by Bayo Ogunlesi and four of its founding partners, will lead the combined infrastructure platform. BlackRock has also agreed to appoint Bayo Ogunlesi, GIP founding partner, chairman and CEO […]

Global mutual fund investors may offload $350bn worth of equities in 2022

Barclays estimates that global mutual funds investors may offload equities worth a further $350bn this year, unless fear of recession declines, according to a report by Reuters. Investors have been selling equities because of rising inflation. This has forced economies to increase interest rates. According to Barclays, equity outflows made up an average of 2.6% […]

Investors rush into private markets in search of returns

Unlisted assets under management are forecast to top $17tn by 2025 Historically low interest rates and high stock valuations are driving return-hungry investors to rush into private markets, with non-publicly listed assets under management expected to rise 60 per cent between 2020 and 2025. Alternatives — a category of unlisted assets that include private equity, […]

Toshiba in talks with four investment firms for strategic ideas

Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy, three sources with knowledge of the matter said. Bain Capital and Canadian investment firm Brookfield have also been tapped by the scandal-hit Japanese conglomerate’s strategic review […]

African private equity investors take to online retail, education and communications

Private equity investors in Africa are showing strong interest in internet and direct marketing retail, education and communication services according to a new research report, Bright Africa 2020 – Private Equity in Africa – from purpose-driven investment firm RisCura. The Bright Africa 2020 research shows that internet and direct marketing retail companies are classified within […]

Google Co-Founder Brin’s Family Office to Open in Singapore

The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, joining the rush of uber-wealthy clans toward the Southeast Asian financial hub. Bayshore Global Management, the California-based firm that services Brin, established an office in Singapore late last year, according to documents filed with the corporate regulator. Deputy Chief Investment […]

Neuberger Berman Continues To Expand Access To Private Equity For Individual Investors

Neuberger Berman today announced the launch of NB Crossroads Private Markets Access Fund LLC (“Fund”), a registered, continually offered closed-end fund that further democratizes the firm’s private equity offerings and increases access to these important portfolio solutions for individual investors. The Fund launched with $208 million in initial capital, including $34 million from Neuberger Berman […]

NBA may expand private equity stakes in teams

The NBA is discussing expanding the number of institutional investors that can take equity stakes in its teams, according to two people with knowledge of the discussions. Talks among owners to establish a plan allowing for additional private equity investors are in the early stages, the two executives told Sportico, asking not to be named […]

GPG investors targeted by scammers

Investors in the failed German Property Group have been targeted by a scam letter inviting them to make a claim on their investment. The letter, sent earlier this month, stated the group had been able to sell some of its assets to a private equity investor and was making available £280m to claim on a […]