Page 7 - Private Equity

Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates

Carlyle said its net profit from asset sales fell nearly 44% to $257.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments

Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up

Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier

PE/VC bets drop for second year, down 11% at $49.8 bn in 2023: Report

Investments by private equity and venture capital funds declined for the second consecutive year in 2023 after the "funding winter" impacted 2022, a report said on Wednesday. The dedicated funds poured in USD 49.8 billion across 853 deals in 2023, as against USD 56.1 billion in 2022 across 1,273 deals, the report by industry lobby IVCA and consultancy firm EY said. The overall activity declined 34 per cent in 2022, after the all-time high of USD 75.9 billion reached in 2021. The decline in deals was largely because of a lack of interest in investing in India's startups, the report said, specifying that 2023 saw only 472 deals as against 815 in the year-ago period. The funds have "significant amounts of dry powder" and global funds are also looking to increase India's capital allocation, the consultancy's partner Vivek Soni said, adding that he remains "optimistic" about the Indian PE/VC scene for the new year. In 2023, growth investments was the largest segment for PE/VC bets with

Lenders retain AIF holdings even as Reserve Bank of India deadline nears

Industry is awaiting certain relaxations or extensions based on their recommendations

2024 set to be eventful for North Block, RBI in pursuit of $5 trn goal

A bank licence for industrial houses looks unlikely; the IWG itself had referred to concerns over connected lending and exposure between banks and other financial and non-financial group entitie

Indian PE/VCs deliver higher returns than bourses, says Crisil report

"A key contributor to this success has been the PE-VC markets, which have risked capital and sown financial know-how," said the Crisil report

Warburg Pincus names Vishal Mahadevia as Asia private equity head

Mahadevia, a 17-year veteran of the firm, will remain as co-head of financial services, Warburg Pincus said in a statement

PE firm True North forays into private credit, raises Rs 1,000 crore fund

Homegrown private equity fund True North on Monday announced a foray into private credit, joining a slew of other entities which have started dabbling in this space. The firm said it had set up a fund in 2022, and has already raised over Rs 1,000 crore. It intends to close the fund by the end of the year, as per a statement. The business christened "True North Private Credit" will build on the capabilities by the firm over the last two decades. A favourable risk-reward equation and a good regulatory framework make private credit a robust business, the statement said. The business will offer agile capital solutions to well-governed and profitable enterprises and deliver superior, risk-adjusted returns to its investors, it said. The fund, which bridges the supply-demand gaps for middle-market companies, will invest Rs 75 crore by itself into companies and Rs 200 crore along with its co-investment pools, as per the statement. It is targeting an internal rate of returns between 15-18

Ultimate Kho Kho becomes first Indian sports league to secure PE investment

Ultimate Kho Kho Season 2 is scheduled to be held from December 24 to January 14

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

AIFs seek clarity from Sebi on new valuation norms to address gaps

Industry body IVCA has sent suggestions to Sebi while highlighting implementation challenges

BS BFSI Summit 2023: Professionally run mfg cos to drive PE growth in India

PE investment to flow to financial, healthcare, and consumer sectors

Blackstone expects most Asia deal activity in Japan and India in 2024

"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo

BS BFSI Summit 2023: No funding winter in PE investments, say experts

India is a highly favoured destination for investment in APAC, Renuka Ramnath, founder and CEO at Multiples Alternate Asset said at Business Standard's BFSI Insight Summit 2023

Blackstone makes health care foray with $1 bn deals, buys Care Hospitals

Blackstone's investment commitment combining QCIL and KIMS is close to $1 bn

Blackstone enters Indian healthcare services with Care Hospitals buy

Blackstone will commit $1 billion in the hospital chain in India and hold over 75% in Care Hospitals, a source with direct knowledge of the matter said

Healthcare and pharma sector sees surge in high-value deals: Report

The Private Equity (PE) sector experienced a decline in both values and volumes compared to the previous quarter

BS BFSI Summit: From Amit Chandra to Ankur Bansal, here're PE experts

PE/VC CEOs Panel's theme on October 31: The shrinking India pie - Will the trend reverse?

KKR-backed Avendus to tap tech investment banking deals in Southeast Asia

Majority owned by KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising

Deal activities decline marginally to $13.37 billion in Sept quarter

Overall deal activity declined marginally to USD 13.369 billion across 302 transactions in the July-September period, a report said on Friday. There were 345 transactions involving USD 13.394 billion in the preceding April-June quarter, as per the report by consultancy firm Grant Thornton Bharat. As compared to the first three quarters of 2022, the first nine months of the current calendar year witnessed a 68 per cent decline by value at USD 36 billion and a 39 per cent decline in volume terms to 979 transactions, as per the report. In the September quarter, the decline was attributed to the private equity transactions nearly halving to USD 5.707 billion. Its partner Shanthi Vijeta noted that the near-term economic outlook for FY24 remains positive due to pro-growth policies, reduced inflation and higher infra spends, which will fuel deal activities going forward. There was a handsome increase in cross-border deals, with transactions of over USD 4.336 billion as against USD 203 ..