Alan Howard’s crypto platform attracts investment from Goldman Sachs and Barclays
Elwood Technologies, British hedge fund billionaire Alan Howard’s cryptocurrency trading platform, has attracted investment from Bothe Goldman Sachs and Barclays, according to report by The Financial Times. Venture capital firm Dawn Capital and the venture divisions of Germany’s Commerzbank, and US billionaire Mike Novogratz’s crypto finance group Galaxy Digital also participated in the round which […]
Musk’s wild Twitter ride shows the power of private capital
Beneficiaries of the tech boom are becoming the real competitors to Wall Street Elon Musk’s tweet on Friday that he was putting his Twitter bid “on hold” highlighted the wild ride his proposed buyout has become, raising questions about whether it will go ahead. Either way, one striking feature has been Musk’s ability to tempt […]
Apollo Makes $1 Billion Bet on Indian Property With Lending Plan
Apollo Global Management Inc. is planning to lend about $1 billion to developers in India this year, betting on a recovery in the residential property market as the pandemic eases. That’s up from the $750 million that Apollo lent to Indian developers last year, with two-thirds of that sum directed to residential projects, according to […]
Carlyle merges energy and infrastructure units ahead of investment push
CEO Kewsong Lee sticks with fossil fuel projects alongside bets on renewables US private equity group Carlyle Group is merging its energy and infrastructure investment operations as it prepares a renewed push into businesses including fossil fuels. Carlyle has taken a different approach to energy investment than such competitors as Blackstone Group and Apollo Global […]
SoftBank marks down investment in Paytm parent to $800 mn
SoftBank Group Corp has marked down its investment in Paytm parent One97 Communications to $800 million, even as it reported a historic loss of $26.5 billion at its Vision Funds for the fiscal ended March 2022, according to its latest financial report released on Thursday. The Japanese conglomerate invested $1.4 billion in Paytm via its […]
Carlyle Group Hires Dey as It Restructures Energy-Deals Team
Carlyle Group Inc. hired Avik Dey to co-head its energy business as part of broader shifts in how the private equity firm invests in the industry. Dey, who starts this summer, was previously chief financial officer at chemicals and plastic-resins maker Nova Chemicals Corp. and helped build Canadian pension investor CPP Investments’ strategy for renewables. […]
BlackRock warns it will vote against more climate resolutions this year
Largest asset manager parts ways with most activists and says war in Ukraine has changed calculus BlackRock has warned that it will not support most shareholder resolutions on climate change this year because they have become too extreme or too prescriptive. The world’s largest money manager, with nearly $10tn in assets, said in a stewardship […]
Private Equity Giant Apollo Hires Leader for Crypto Investments Team
Apollo Global Management made a significant step toward large-scale investments in digital assets. CoinDesk reports that the private equity giant made a strategic hire related to planned investments of $50 million to $250 million at a time in blockchain and Web3 projects with high revenue potential. Apollo hired away a veteran with nearly 20 years at JPMorgan to lead its new digital […]
Advent to Debut in CLO Market with Apollo’s Seed Funding
Advent Capital Management is launching a platform to manage collateralized loan obligations after receiving seed funding from investing giant Apollo Global Management Inc. The $1 trillion CLO market — the biggest buyers of leveraged loans — has seen some mergers recently. Carlyle Group Inc. agreed to buy Todd Boehly’s investment shop, CBAM Partners LLC, for […]
Brookfield Decides to Spin Off Its Asset-Management Unit
Brookfield Asset Management Inc. plans to spin off its asset-management business, according to a person familiar with the matter — a step designed to simplify the organizational structure at one of the world’s largest alternative investment firms. The new publicly traded entity will control Brookfield’s fee-generating assets, such as real estate, infrastructure, credit, private […]
