BlackRock replaces China Wealth Unit head as pressures mount
BlackRock Inc. is replacing the head of its China wealth management unit, less than two years after the investment giant began competing in the $4 trillion market. BlackRock CCB, which the world’s largest asset manager controls with a 50.1% stake, won approval to commence business in May last year, the second global firm to do […]
BlackRock sees insurers with $28 Trillion adding Private Assets
Insurers are poised to pump hundreds of billions of dollars into private assets over the next two years as they seek to overcome the highest inflation in four decades and heightened recession risk, according to BlackRock. “Their resolve to continue investing and growing their allocations to private assets has not changed” even as yields rise […]
Advent may join private equity chase for GB Group
Advent International is among private equity firms eyeing a possible counterbid for GB Group after the revelation that GTCR is considering making a cash offer for the British tech company. Advent, the global buyout firm, is reported to be mulling over a move, potentially putting it up against not just its Chicago-based rival but also […]
KADENS Capital invests in Westbridge with large Norwegian Fund
The pan-European private equity house KADENS Capital (KADENS), which specialises in real estate and real estate companies, has secured a minority stake in the leading ESG service provider and expert for energy optimisation in the German real estate industry. The transaction was carried out for a major Norwegian state fund with a long-term investment horizon. […]
Investment giant KKR puts portion of Private Equity fund on avalanche blockchain
The firm hopes that a tokenized fund will increase accessibility to individual investors. U.S. investment firm KKR & Co. (KKR) has made its Health Care Strategic Growth Fund available on the Avalanche blockchain. KKR, which had $471 billion in assets under management at the end of 2021, is working with digital-asset management platform Securitize Capital, […]
EQT Private Equity sells its stake in GPA Global
EQT is pleased to announce that the EQT Mid Market Asia III fund has completed the sale of its co-control stake in GPA Global to Ontario Teachers’ Pension Plan Board. GPA’s expansion has partly been enabled by the successful completion of seven strategic add-on acquisitions. These acquisitions served to diversify the Company’s revenue base, enhance […]
Ares Management raises $3.7B of Sports, Media and Entertainment Capital
Significant Debt and Equity Investments Include Atlético de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised $3.7bn of dedicated capital focused exclusively on investing in sports leagues, sports teams and sports-related franchises, as well as media and […]
For the first time ever, KKR makes fund available to individual investors through blockchain
KKR has made a major move in allowing individuals access to its private equity funds by making one of its vehicles available to backers through a public blockchain. Digital assets securities business Securitize has launched a fund tokenising an interest in KKR’s Health Care Strategic Growth Fund II on the Avalanche public blockchain. The new […]
Apollo veteran Josh Harris launches $5B investment group
Billionaire’s 26North venture to deal in private equity, credit and insurance Josh Harris, the billionaire private equity executive who left Apollo Global Management last year after a messy succession battle, is returning to the investment industry with a firm that aims to be a contender in financial markets including private equity, credit and insurance. The […]
Rockefeller Capital aims to double assets to $200bn in 3-5 years
Rockefeller Capital Management is aiming to double its assets under management to about $200bn in three to five years as it expands into new U.S. cities and hires more wealth managers, its chief executive officer said. “We’re looking to have a physical presence in most of the major wealth centers in the United States,” Gregory […]
