By Jeff Prestridge Updated: 02:51 EDT, July 8, 2024 Evenlode is an employee-owned investment company that quietly makes money for its clients in its own way. The 18-strong investment team is based in Chipping Norton, Oxfordshire, and manages £5.6bn of assets with the main aim of generating ‘smooth’ returns for investors. While the £3.3bn income … Read more
Blackstone Group has become one of the largest buyers of a type of bank debt that has become a lifeline for the private equity industry, exposing the company to the risks that come with running its own business. The world’s largest buyout group, which manages more than $1 trillion in assets, has emerged over the … Read more
Millions of workers saving in company pension schemes will for the first time put their money into illiquid, unlisted assets. Legal & General has announced a new fund that could manage billions of pounds. L&G, which runs occupational pension schemes for employers including Tesco and NatWest, said its new fund would put savers’ money into … Read more
Unlock the Editor’s Digest for free FT editor Roula Khalaf selects her favourite stories in this weekly newsletter. Even by Blackstone’s standards, it was a huge windfall. The private capital group recently sold the last of its massive investment in Refinitiv, the financial data company it acquired from Thomson Reuters. The investment is considered one … Read more
Stay informed with free updates Simply log in to the Private assets myFT Digest – delivered straight to your inbox. Defaults on loans to risky borrowers, a lifeline for private equity-owned firms, have risen by 250 percent, according to the Bank of England, which warned that the sector “faces challenges in the higher interest rate … Read more
Nowhere in the world have private equity firms found a more hospitable environment than in the UK: the scale of takeovers over the past two decades has had a greater impact on the overall economy than in any other developed market, including the US, where the sector has emerged, data shows. Private equity firms have … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The UK private equity sector has welcomed as “encouraging” shadow chancellor Rachel Reeves’ suggestion that buyout managers investing in their funds would continue to enjoy favorable tax treatment. The Labor Party has promised to raise … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shadow Chancellor Rachel Reeves has indicated that Labor will continue favorable tax treatment of private equity executives in Britain in cases where fund managers are putting their own capital at risk. Labor has pledged to … Read more
Stay informed with free updates Simply log in to the Private assets myFT Digest – delivered straight to your inbox. The world’s largest private equity firms have avoided income taxes on more than $1 trillion in stimulus payments since 2000 by structuring the payments to subject them to a much lower tax, according to new … Read more
Monday June 10, 2024 11:42 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email Asda has its head office in Leeds. Private equity is set to take control of another British supermarket chain after half of the billionaire Issa brothers agreed to … Read more