Thanks to Private Equity, Pensions Across America Report Record-Breaking Returns
Throughout the summer, pension funds across the country reported on their returns for the fiscal year 2021. As Chief Investment Officer Magazine recently reported “private equity is consistently the top-performing asset class” within many pensions’ portfolios. In fact, pensions in Nevada, Iowa, Florida, Tennessee, and Massachusetts reported annual returns from private equity of over 60%. American Investment Council […]
Private equity investment platform Moonfare hits over €1 bn in assets
The private equity investment platform, Moonfare, has surpassed €1 billion assets under management, in what it describes as a critical milestone for the company. It took just under three years to raise the first €500 million and then only eight months to double that amount, the firm says. Moonfare was founded by former KKR Managing […]
Liftoff and Vungle Merge: 2 Top-Ten Mobile Ad Networks Owned By Private Equity Fund Blackstone Combine Forces
By changing how mobile advertising works on iPhones and iPads in iOS 14.5, Apple kicked off a wave of mergers and acquisitions that has now led to two top-ten independent mobile ad networks combining forces. Of course, it helps that they are both majority owned by the same private equity firm, Blackstone. And that there’s […]
Apax Global Alpha turns in ‘strong’ first-half performance
Apax Global Alpha reported a “strong” performance across its portfolio in the first six months of the year on Thursday, with a total net asset value return of 17.4%, or 14.9% at constant currency. Apax said its total adjusted net asset value increased to around €1.4bn (£1.19bn), with its adjusted net asset value per share […]
Mubadala, BlackRock form partnership across private equity funds
A consortium led by BlackRock, the world’s largest asset manager, has invested in assets managed by Abu Dhabi state fund Mubadala and in a private equity fund, Mubadala said on Wednesday. BlackRock’s Secondaries and Liquidity Solutions group and a consortium of global institutional investors invested in a portfolio of assets managed by Mubadala Capital, Mubadala […]
Investcorp posts record AUM at $37.6bn in fiscal 2021
Investcorp, a leader in alternative investment, continues to show resilience to Covid-19 impact with 17% growth in assets under management (AUM) to a record high of $37.6 billion in the fiscal year ended June 30, 2021. Investcorp’s FY21 results were driven by good levels of activity across the core businesses of private equity, real estate, […]
UK private equity activity soars to highest level in five years, says KPMG
Private equity investment in the UK has risen to its highest level in five years, as investors gained a renewed sense of confidence and vendors brought their assets to market – according to new analysis from KPMG. KPMG’s latest study of UK transactions involving mid-market private equity investors showed a boost of activity in H1 […]
Blackstone Gives $2.2 Billion Loan as Private Debt Sets Records
Blackstone Group Inc. teamed up with other lenders to provide $2.15 billion of financing directly to Cambium Learning Group Inc., bypassing banks in one of the biggest such loans that investors have made. Companies have been getting bigger and bigger loans straight from investors without banks intermediating, as money managers have grown eager to deploy […]
Blackstone doubles second quarter earnings on surging asset sales
Blackstone Group Inc (BX.N) said on Thursday its second-quarter distributable earnings nearly doubled year-on-year, driven by a surge in asset sales across its real estate, private equity and credit businesses. Blackstone’s shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc (GS.N), another Wall Street heavyweight. […]
Archie Norman receives £1.75m fee to join board of private equity firm
Newly floated Bridgepoint will also pay M&S chairman £200,000 a year in remuneration for role The chairman of Marks & Spencer, Archie Norman, has received a fee of £1.75m to join the board of Bridgepoint, the newly floated private equity company. Bridgepoint only revealed the large payments to Norman and other new directors on Wednesday […]
