Morgan Stanley sees 12% CAGR for private capital market over next five years

Private capital market is set to grow at a 12% annual rate on a compounded basis to $17 trillion in assets under management (AUM) over the next five years, Morgan Stanley analysts said. As one of the highest-returning asset classes in past years, the market stands at about $10 trillion, representing about 9% of global […]

Private equity titans dance until the music stops under the California sun

At 7am on Monday, Marc Rowan, chief executive of private equity group Apollo Global, took to the stage in Beverly Hills and warned his fellow financiers that a decade of almost uninterrupted buoyancy in financial markets was ending. “There is more of a correction to come,” said Rowan, whose firm manages $513bn in assets. “We […]

Abrdn Will Shift Funds Focus to Private Assets and Emerging Markets

Stephen Bird, chief executive officer of Abrdn Plc, is aiming to give the asset manager an edge by pushing into areas that most of the industry does not focus on.  Abrdn, which manages 542 billion pounds ($681 billion) of assets, will shift its focus to real assets, including energy infrastructure and private debt, emerging markets […]

BlackRock Russia exposure down $17 billion since February, company data shows

BlackRock Inc’s total client exposure to Russia has declined to less than $1 billion from $18 billion a month ago, before Moscow’s invasion of Ukraine led to Western sanctions and the closure of the Russian stock market, according to figures supplied by the asset manager on Friday. Morningstar data through Feb. 25 had shown BlackRock […]

Minnesota commits $2.6 billion to private equity, private credit

Minnesota State Board of Investment, St. Paul, committed a total of $2.6 billion to 21 alternative investment funds from the state’s $94.1 billion combined defined benefit plan asset pool, a report showed. Private equity commitments of $150 million each were awarded to Advent International; Blackstone Capital Partners IX and Blackstone Growth II; Brookfield Asset Management’s […]

The impact of the Russia-Ukraine conflict on real assets

Investors in real assets are taking a cautious approach as the Ukraine-Russia conflict impacts the energy and transport sectors. Russia’s attack on Ukraine has taken financial markets by surprise and its consequences are already having a severe impact upon energy, transport and logistics, stocks and assets. Russian state-owned energy company Gazprom contributed to half of the […]

Blackrock ETF Doubles in days to 2$ billion on commodities

Over six and a half years, a BlackRock Inc. commodity fund never came close to $1 billion in assets. Yet over two days in late May, the ETF more than doubled to $2 billion — and it’s already added another $120 million in June. The iShares GSCI Commodity Dynamic Roll Strategy exchange-traded fund (ticker COMT) […]

How Blue Owl’s $12.5B SPAC Deal Could Shape The Future Of Private Equity

What happens when you combine just about every major buzzword that has enveloped private equity in recent years in a single $12.5 billion transaction, one that underscores the many ways the industry has evolved and diversified away from its barbarian beginnings in the 1980s? Blue Owl Capital is about to find out. If you don’t […]

Oatly is valued at $10 billion in New York IPO

Fast-growing Swedish oat milk brand Oatly is headed for a splashy New York IPO that will test investor demand for companies that make plant-based foods. The company, which will list on the Nasdaq on Thursday, priced its shares at $17 each, giving it a valuation of $10 billion and raising over $1.4 billion from the […]

TPG Names Winkelried Sole CEO With Coulter to Head Impact Funds

Private equity giant TPG said Jon Winkelried will become the sole chief executive officer as his counterpart, co-founder Jim Coulter, shifts focus to its fast-growing impact investing business. Winkelried, 61, will take on day-to-day operations. Coulter will become executive chairman and lead the firm’s climate initiatives. The centerpiece of that is TPG Rise Climate, a fund he’s […]