New York Yankees and LA Fund to join investors in AC Milan

The New York Yankees baseball franchise and a Los Angeles investment fund are preparing to announce an investment in Italian football club AC Milan alongside US private equity group RedBird, which is closing in on the €1.2bn acquisition of Italy’s football champions, the Financial Times has revealed, citing two people with direct knowledge of the […]

Ontario Teachers’ private equity: today less an LP and more a very big GP

Teachers’ Pension Plan, known widely as a top private equity investor, is perhaps underestimated in its foremost role as a buyer and seller of companies. The pension system was in the thick of last year’s vigorous PE dealmaking, investing or committing about $7.8bn globally, roughly 2x its outlay in 2020 and 2019. The deployment was […]

As Profits Rise, Private Equity Billionaires Have Huge Paydays

The largest paychecks on Wall Street aren’t being collected in corner offices at Goldman Sachs or JPMorgan, but at the top ranks of the world’s largest private equity firms, where hundreds of millions of dollars are flowing in carried interest payouts and bonuses. The ballooning executive compensation at private equity and alternative investing firms reflects […]

KKR Co-Founders Each Receive $100 Million As Private Equity Pay Booms

KKR co-founders Henry Kravis and George Roberts each earned more than $100mn in 2021 as buoyant financial markets caused the private equity group’s profits to soar. The hauls of Kravis and Roberts disclosed in KKR’s annual report on Monday came from about $67mn in “carried interest” pay that each received and over $40mn in dividends […]

Institutional Investors Confident About 2022 Growth Prospects

Institutional investors are expressing confidence in the projected market conditions of 2022, but they also think individual investors are carelessly speculating on high-risk investments. In fact, nearly half of institutional investors expect economic growth to return to pre-COVID levels in 2022, according to survey findings published by Natixis Investment Managers. Despite the threat of supply chain […]

Investors rush into private markets in search of returns

Unlisted assets under management are forecast to top $17tn by 2025 Historically low interest rates and high stock valuations are driving return-hungry investors to rush into private markets, with non-publicly listed assets under management expected to rise 60 per cent between 2020 and 2025. Alternatives — a category of unlisted assets that include private equity, […]

Toshiba in talks with four investment firms for strategic ideas

Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy, three sources with knowledge of the matter said. Bain Capital and Canadian investment firm Brookfield have also been tapped by the scandal-hit Japanese conglomerate’s strategic review […]

Private equity investors fret over record U.S. buyout prices

Private equity firms are paying more for leveraged buyouts to keep pace with soaring valuations of acquisition targets, making some investors leery of whether the industry can keep delivering on promises of lucrative returns. There is evidence some investors are apprehensive. U.S. private equity fundraising dropped to $203.2 billion in 2020 from its record high […]

Sweden’s Kinnevik to distribute $6.6 billion Zalando stake to shareholders

Swedish investment firm Kinnevik plans to distribute its stake in German online fashion group Zalando, worth 55 billion crowns ($6.6 billion), to its shareholders. The Swedish firm’s stake of 54 million shares represents 21% of total outstanding shares in Zalando. Shares in the German online fashion giant, which have doubled in the past year, fell […]

Google Co-Founder Brin’s Family Office to Open in Singapore

The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, joining the rush of uber-wealthy clans toward the Southeast Asian financial hub. Bayshore Global Management, the California-based firm that services Brin, established an office in Singapore late last year, according to documents filed with the corporate regulator. Deputy Chief Investment […]