PE Tech Report

Managers

London-based private equity firm CVC Capital Partners has set an initial public offering range of €13 to €15 for its shares, valuing the business at between €13bn and €15bn, with a plan to begin trading on Euronext Amsterdam on Friday.
The private equity sector has its sights set on the US National Football League, with several firms quietly preparing funds that would exclusively make NFL investments to comply with potential ownership pre-conditions, according to a report by the Financial Times.
Blackstone Private Equity
The world’s largest private equity firm Blackstone has reported a 1% year-on-year increase in first-quarter distributable earnings – the cash used to pay dividends to shareholders – to $1.27bn from $1.25bn in Q1 2024, according to a report by Reuters.
FalconPoint Partners a new private equity firm focused on investing in North American middle market “real economy” businesses operating in the business services and industrials sectors has launched in New York.
Money lending
The Riverside Company, a US private equity firm focused on making control and non-control investments in growing businesses valued at up to $400m, is considering strategy options for direct lending arm Riverside Credit Solutions, including a sale of the business, according to a report by Bloomberg.
Apollo Global Management
Alternative asset management major Apollo Global Management has raised $35bn from Asian investors since implementing a plan to revamp its business in the region at the beginning of 2022, according to a report by Bloomberg.
CVC Capital Partners, a private markets major with approximately €186bn in AUM, has revived plans for an initial public offering in Amsterdam, which could raise between €1bn and €1.5bn and give the business a valuation of €13bn to €15bn.
LA-based private equity firm OpenGate Capital has partnered with Ownership Works, a nonprofit founded by KKR’s Co-Head of Global Private Equity Pete Stavros that is aiming to generate at least $20bn of wealth for employees over the next decade.
KKR & Co has set its sights on increasing AUM at the private investment firm to at least $1tn in the next five years, and has laid out a plan to scale its core businesses to reach the target, according to a report by Bloomberg.
Alternative fund managers, including private equity fund managers, are losing investment mandates or clients because of compliance issues, according to research from Ocorian and Newgate Compliance, both providers of regulation and compliance services for funds, corporates, capital markets and private clients. 

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