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Category: asset management

Lovell Minnick picks up majority stake in veteran wealth, asset manager London & Capital

US private equity house Lovell Minnick Partners has agreed to buy a majority stake in $4.1bn-managing wealth and asset manager London & Capital. The post Lovell Minnick picks up majority stake in veteran wealth, asset

Sequoia backs Musk’s Twitter deal while PE firms stay away – report

Asset management groups Fidelity, Brookfield and Sequoia Capital are among the new backers to provide financing for Elon Musk's $4bn buyout of Twitter, the Financial Times reported. The post Sequoia backs Musk’s Twitter deal while PE

Adams Street closes 2021 Global Fund Program with $832 in committed capital

Asset management major Adams Street Partners has closed Adams Street 2021 Global Fund program with $832m in committed capital. The post Adams Street closes 2021 Global Fund Program with $832 in committed capital first appeared

TA buys into $7.5bn-managing multi-family office Caprock, eyes market consolidation

TA Associates has agreed a strategic growth investment in $7.5bn-managing privately-owned multi-family office Caprock. The post TA buys into $7.5bn-managing multi-family office Caprock, eyes market consolidation first appeared on AltAssets Private Equity News.

Wells Fargo sells $600bn asset management arm to buyout firms GTCR, Reverence Capital Partners

Private equity firms GTCR and Reverence Capital Partners have agreed to carve out Wells Fargo Asset Management in a $2.1bn deal.

TDR Capital contuinues Arrow Global pursuit with fourth bid for asset manager

TDR Capital is continuing its pursuit of European asset manager Arrow Global following a trio of rejected proposals over the past couple of months.

BNP Paribas AM eyes up to €1bn for two infra debt funds amid sector’s Covid-19 resilience

BNP Paribas Asset Management is targeting up to €1bn of new investment capital through the launch of two infrastructure debt fundraises.

Outlook negative for global asset management industry in 2021 amid wavering investor appetite for risk: Moody’s

A wavering investor appetite for risk and a deteriorating competitive environment are leading to a negative outlook for the global asset management industry next year, new research from Moody's shows.

BNP Paribas AM boosts €9bn-managing private debt, real assets division with four new hires

BNP Paribas Asset Management has made four hires within its €9bn-managing private debt and real assets investment division.

Banks, mutual funds receding from Indian debt is huge opportunity, Edelweiss says amid $900m fund close

Indian asset manager Edelweiss has hit a roughly $900m final close for its latest alternative credit fund targeting the country.

Ex-PIMCO veteran Gross named head of institutional portfolio strategy at JP Morgan Asset Management

The $2.2tn-managing JP Morgan Asset Management has hired former PIMCO veteran Jared Gross for its newly created role of head of institutional portfolio strategy.

BNP Paribas seals timely €570m-plus fund close to help European SMEs through coronavirus crisis

BNP Paribas Asset Management has raised more than €570m for the final close of its second Euro SME Debt Fund, following its first fund completing its investment period earlier this year.

Harrison Street expands Europe team with ex-CPPIB, Franklin Templeton investors

Real asset alternative investment specialist Harrison Street has expanded its European asset management team with two new hires.

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