Managers
Tiger Global Management slashed the value of its investments in venture funds by about 33% last year, which equates to around $23 billion, according to a report by Bloomberg citing an unnamed source.
Around $9 billion of that markdown by the firm’s venture unit, which is led by Scott Shleifer, came in the second half of 2022, according to the source.
Tiger Global, which also manages hedge and long-only funds, marked down the value of its private funds by almost a quarter in November last year according to an earlier Bloomberg report, while the firm’s hedge and long-only funds lost
Blackstone, the world’s largest alternative asset manager, is to open a new office in Frankfurt, Germany. The new flagship location will occupy 1,300 square meters in the OMNITURM in Frankfurt’s financial district and serve as a hub for Blackstone in Germany.
The new office will host professionals across Blackstone’s private equity, real estate, and credit businesses, in addition to providing a hub for the firm’s private wealth solutions business, which serves investment professionals and individual investors across Europe. Juergen Pinker, Senior Managing Director, will lead on private equity, with Jurij Puth, Senior Managing Director, leading on credit.
Blackstone has been
Private equity majors Apollo Global Management Inc, Blackstone Inc, and KKR & Co Inc, have all expressed an interest in acquiring a book of loans held by failed Silicon Valley Bank (SVB), according to a report by Bloomberg.
General Atlantic, a US-based growth equity investor with over $86 billion in assets under management, is expecting private company valuations to fall in the second half of the year as startups begin to to run out of cash, according to a report by Bloomberg.
General Atlantic has teamed up with with Abu Dhabi wealth fund ADQ and International Holding Co (IHC), the biggest listed company in the emirate, to form a new venture which, according to ADQ, will be the region’s largest multi-asset class alternative investment manager.
Growth in Net Asset Value credit facilities has increased exponentially in importance among private equity and other alternative investment funds since the pandemic relative to the secondary trading of assets as a means of creating liquidity, according to the Citco group of companies.
Investcorp is to open a new office in Tokyo with a focus on acquiring high-end Japanese manufacturers, according to a report by the Financial Times. The office will initially be home to five staff with that number reportedly expected to double over the coming year.
Investcorp, which manages more than $50 billion in assets, has a track record of investing in luxury and high-end brands having once owned Tiffany as well as a controlling interest in Gucci.
Jeizo Takenaka, a former financial services minister in Japan has been appointed as chair of Investcorp’s Tokyo operation.
TOP STORY: Steve Schwarzman, the chief executive officer of private equity giant Blackstone earned around $1.26 billion in pay and dividends in 2022, according to a report by Reuters.
Thomas H Lee, widely regarded as a pioneer of private equity investment and leveraged buyouts, has been found dead at the age of 78 at his office in Manhattan. According to a New York Post report citing unidentified police sources, the cause of death was a self-inflicted gunshot wound.
Lee’s body was discovered on Thursday morning at 767 Fifth Avenue after police responded to an emergency 911 call at around 11.10am local time.
Lee, who was the founder and chairman of Lee Equity, which he formed in 2006, and also served as chairman and CEO of Thomas H Lee Partners, which he
Coller Capital has created a new global Private Wealth Secondaries Solutions business led by Jake Elmhirst, who joined the firm in 2022 as a partner in the investor relations team, to provide high-net-worth individuals with access to private capital markets.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
