Private equity titans dance until the music stops under the California sun
At 7am on Monday, Marc Rowan, chief executive of private equity group Apollo Global, took to the stage in Beverly Hills and warned his fellow financiers that a decade of almost uninterrupted buoyancy in financial markets was ending. “There is more of a correction to come,” said Rowan, whose firm manages $513bn in assets. “We […]
Two million jobs now supported by PE and VC, says new BVCA study
Two million jobs are supported by private capital in the UK, around 6% of all UK jobs, according to a new independent study. The role of private equity and venture capital has come under intense scrutiny in recent years following a series of high-profile transactions, but the findings of a study from EY – commissioned by […]
Brookfield billionaire Flatt reveals secret behind 3,700% return
Bruce Flatt, 56, has led Toronto-based Brookfield since 2002, increasing its assets under management to about US$700 billion. He says the company’s stock price reflects the mantra of taking chances but avoiding big errors: The firm’s shares, including dividends, have returned more than 3,700 per cent since Flatt took over. That compares with about 500 […]
Private Equity Faces Funding Squeeze, Baring PE Founder Says
Private equity competition to raise money around the world is overwhelming investors, leaving some firms falling short of their funding goals, according to Baring Private Equity Asia Chief Executive Officer Jean Eric Salata. Salata, whose company is being acquired by Sweden’s EQT AB in one of the biggest deals of its kind, said a combination […]
Majority of LPs attracted by tech-enabled PE managers
Sixty per cent of Limited Partner (LP) respondents surveyed in the Brackendale Private Equity Technology LP Sentiment Survey H1 2022, produced in association with AssetMetrix, said that they would be more likely to consider allocating to a fund, if the fund manager had a tech-enabled partner to outsource their middle and back-office activities to. The […]
Private equity and hedge fund assets to be first in line for tokenisation, says study
Private equity and hedge fund assets are the most likely to see relevant levels of tokenisation as the market begins to build, new global research from tokenisation platform Token City shows. The study, conducted among fund managers in France, Spain, Germany, Switzerland, and the UK who are responsible for around USD546.5 billion in assets under […]
Private equity facing more fractured world after invasion of Ukraine
Geopolitical rifts will mean more segmented markets for capital It was a moment of triumph for Kirill Dmitriev in May 2012. Dmitriev — whose CV included stops at Goldman Sachs, McKinsey as well as Harvard and Stanford universities — had been tapped to lead the Russian Direct Investment Fund, a then newly-created sovereign wealth vehicle […]
BlackRock Russia exposure down $17 billion since February, company data shows
BlackRock Inc’s total client exposure to Russia has declined to less than $1 billion from $18 billion a month ago, before Moscow’s invasion of Ukraine led to Western sanctions and the closure of the Russian stock market, according to figures supplied by the asset manager on Friday. Morningstar data through Feb. 25 had shown BlackRock […]
Private Debt AUM Set to double to USD2.69 trillion by 2026
Annualised figures from October 2021 put private debt assets under management (AUM) near USD1.21 trillion for the full year, off the back of a decade of 13.5 per cent annual growth, according to the 2022 Global Private Debt Report, published by Preqin. Preqin forecasts that private debt will continue to grow, with AUM more than […]
PE-backed exits saw record value in 2021
Insatiable investor demand has driven US PE-backed exit value to nearly 20-year highs, but it is unlikely this trend will hold up in 2022. PE-backed IPOs broke annual records for both total count and value in just the first three quarters of 2021, a phenomenon driven by advantageous market conditions and technology, according to our […]
