BlackRock seeks $2bn for new co-investment fund as interest grows
BlackRock is seeking as much as $2bn for a new co-investment fund, as it builds on a strategy gaining traction in the private equity industry. The PE giant has already raised more than $300 million for the new vehicle, according to people familiar with the fundraising. The fund’s 2018-vintage predecessor collected $1.6 billion in committed […]
KKR Invests in Shriram General Insurance
KKR and Shriram General Insurance Company, a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment […]
Border to Coast to deploy $5.2bn in private market commitments
Border to Coast Pensions Partnership, Leeds, England, will be looking for fund managers to invest $5.2bn in a second round of private markets commitments that will bring the program to nearly £10bn, the public-sector pension pool said Thursday. The first tranche of Series 2 commitments will be invested over the next year and will include […]
Abu Dhabi’s IHC Invests $2 Billion in Three Gautam Adani Firms
The Abu Dhabi-based International Holding Company PJSC has invested almost $2 billion in three companies owned by Indian billionaire Gautam Adani, as his ports-to-power conglomerate looks to fund its expansion plans. Adani Enterprises Ltd., the group’s flagship firm, is raising 77 billion rupees ($1.02 billion) by issuing preferential shares to IHC while Adani Green Energy […]
Apollo Adds 150 in Global Wealth, Poaching From Goldman and HSBC
Apollo Global Management Inc. is expanding its global wealth business, bringing in new hires at a rapid clip as it pushes to win the wallets of individuals seeking investments outside of stocks and bonds. The alternative-asset management giant has added about 150 people since May for global wealth, including senior hires from Goldman Sachs Group […]
UserZoom closes strategic growth investment from Thoma Bravo at USD800m valuation
UserZoom, the pioneer of the Digital User Experience (UX) Insights category, today announced the closing of its strategic growth investment from Thoma Bravo, a leading software investment firm. The investment, which values UserZoom at $800 million, will be used to accelerate innovation and growth for UserZoom’s proprietary insights system. UserZoom founders and management, as well […]
Ares Launches Private Markets Fund Focused on Investing in Private Equity through Secondary Market Transactions
Ares Management Corporation, a leading global alternative investment manager, announced today the launch of Ares Private Markets Fund, a new registered, continuously offered, non-traded, closed-end fund that intends to invest in an actively managed portfolio of private equity and other private assets principally through secondary market fund investments, and, to a lesser degree, primary fund […]
AXA IM Alts launches $500m private equity healthcare strategy alongside two senior appointments
AXA IM Alts, a global leader in alternative investments with €183bn of assets under management, announces the launch of a Global Health Strategy following a $200m cornerstone commitment from AXA Group, as it builds on its existing offering in the sector. The Strategy is actively managed without reference to any benchmark. The Strategy focuses specifically […]
Apollo-Backed CAIS Receives Growth Equity From Reverence Capital
CAIS Capital LLC, a tech platform for financial advisers and alternative asset managers, has received a growth investment of $100 million from middle-market private equity firm Reverence Capital Partners LP. As part of the deal, Reverence Capital Managing Partner Milton Berlinski will join CAIS’s board of directors, according to a statement provided to Bloomberg News. […]
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 […]
