Guests attend the Future Investment Initiative in Riyadh on Oct. 28. Photographer: Fayez Nureldine/AFP/Getty Images Even before Saudi Arabia’s annual finance conference began, Wall Street’s biggest names were already signaling their intent. Citigroup Inc. unveiled its new regional headquarters in Riyadh, while Barclays Plc said it would return to the kingdom a decade after its exit. As the Future Investment Initiative got underway, Goldman Sachs Group Inc. Chief Executive Officer David Solomon said the b ...

But as this asset class balloons, financial experts warn that opacity breeds risk, especially with regard to the $1 trillion-$3 trillion chunk of the asset class known as private credit. Public markets offer transparency, governance, and liquidity; private firms, by contrast, often avoid periodic reporting and undergo less rigorous oversight. This lack of visibility can mask financial and governance hazards, with analysts urging investors not to overlook the pitfalls in their quest for returns.​For investor ...

Anish Pathipati was a Wall Street Rising Star in 2018 while working with investing legend Glenn Hutchins. Now, he's launching a new fund, focused on building one big business at a time. First stop: tires. He's bringing along two operational experts, including his dad, as a differentiator. Anish Pathipati spent years honing his skills as a private equity investor, and now, he's decided to "hang out a shingle," launching his own fund, Simha Partners. The last time we spoke to Pathipati for our 2018 ...

汽车消费与债务 - 美国消费者购买新车平均贷款额为40,927美元，购买二手车平均贷款额为26,248美元 [2] - 拥有两辆月供高达500至700美元的昂贵汽车是家庭维持中产阶级状态的标志 [3] - 一位年收入80,000美元的个人，已拥有一辆价值13,000美元的汽车，但考虑用30,000美元现金购买一辆跑车 [4] 财富构建策略 - 构建财富需将尽可能少的资金投入贬值资产，投入汽车等贬值资产的收入比例不应超过50% [7] - 建议将购车资金转而投入能增值、分散投资组合并产生被动收入的投资机会 [8] - 房地产是实现财富构建的优质选项，可通过多种方式参与而无需承担直接购买或管理物业的额外成本与责任 [8] 房地产投资平台 - First National Realty Partners是一家私募股权公司，为合格投资者提供商业地产投资服务，最低投资门槛为50,000美元 [9][10] - 该公司与全美最大必需品牌（如Kroger、Walmart、Whole Foods）建立了合作关系 [10] - Arrived平台允许投资者以低至100美元的金额投资度假屋或租赁物业的份额，从而获得被动收入 [11] 另类投资平台 - Goldco提供黄金IRA服务，允许投资实物黄金等贵金属，最低购买额为10,000美元，并提供免费白银匹配 [14] - Masterworks平台允许投资者购买毕加索、巴斯奎特等知名艺术家的蓝筹艺术品份额，其投资组合价值达10亿美元 [16][17] - Masterworks平台已完成23次成功退出，均实现盈利，并已售出价值约4,500万美元的艺术品 [16][17]

交易概述 - Wendel与Committed Advisors就收购控股权及建立战略合作伙伴关系进入独家谈判阶段[1] - 交易旨在实现所有利益相关方长期战略利益的一致[1] - 交易预计于2026年第一季度完成[6] Committed Advisors业务概况 - 公司成立于2010年，是一家专注于中端市场的全球私募投资公司，为寻求私募股权资产流动性解决方案的投资者和普通合伙人提供广泛服务[1] - 公司代表第三方投资者管理60亿欧元的私募资产，自成立以来已完成超过220笔交易[1] - 公司团队拥有50名专业人士，包括4位创始管理合伙人，专注于2000万至2亿欧元的中端市场二级交易[1] - 公司核心策略为二级基金，占管理资产总额的90%以上，投资组合在地域上高度分散[1] - 自成立以来，公司基金实现了19%的总内部收益率[1] 交易财务细节 - 2026年，公司业务预计产生约7000万欧元管理费及约4500万欧元税前费用相关收益[1] - Wendel将分阶段收购股权：初始交易收购56%股份，后续交易在2029年至2035年间收购剩余44%股份[3][5] - 初始交易包括支付2.58亿欧元，以及根据业绩目标在2028至2030年间支付的最高1.28亿欧元额外对价[3] - Wendel将分配最高5亿欧元用于对后续基金进行锚定投资及新策略开发，并有权获得未来基金20%的业绩报酬[3] 交易后运营安排 - Committed Advisors将成为Wendel Investment Managers平台内的二级市场专家，与现有的收购和私募信贷业务形成互补[2] - 公司团队将继续自主运营，保持相同的管理、投资策略、市场和品牌，投资委员会保持独立[4] - 公司管理层将100%再投资初始净收益于后续基金，并在交易后保留44%的普通合伙人权益，在10年内逐步减持[4] 战略意义与市场背景 - 此次合作将使Wendel Investment Managers平台的管理资产规模超过460亿欧元，2026年费用相关收益预计达2亿欧元[2] - 自2021年以来，二级市场规模已增长超过一倍，为公司增长提供了有利环境[2] - Wendel致力于构建中端市场私募资产平台，此次合作是其战略扩张的关键一步[10] - Committed Advisors强调合作伙伴关系将带来更大稳定性、可见性和利益一致性，同时保持其独立性、策略和团队不变[7]

上市券商年中分红 - 截至10月22日，17家上市券商累计分红金额达79.49亿元 [1] - 机构普遍看好证券板块未来发展前景，认为板块具备战略性修复空间及配置机会 [1] - 分红举措彰显行业稳健盈利能力与股东回报意识，有望提振市场信心并吸引长期资金关注 [1] 华泰证券人事变动 - 华泰证券全资子公司华泰期货选举赵昌涛先生为新任董事长，原董事长胡智先生因工作调整离任 [2] - 此项人事任命或强化华泰证券期货业务的战略布局 [2] - 市场关注新任董事长能否推动华泰期货的业务创新与市场份额提升 [2] 私募行业规模扩张 - 截至10月22日，百亿私募数量突破至101家，较8月底的91家新增10家 [3] - 量化私募数量升至47家，成为百亿私募主力军，行业头部效应进一步强化 [3] - 新晋百亿私募包括正瀛资产、开思私募等4家机构，另有6家私募为再次回归百亿阵营 [3] 社保基金持仓动向 - 三季度末社保基金已现身43只个股，合计持仓市值超过155亿元 [4] - 持仓策略呈现“龙头为基，科技为矛”特征，在坚守医药、消费龙头的同时，向通信、电子等科技领域倾斜 [4] - 此配置思路被视为“稳中求进”，其调仓方向可能成为四季度行业轮动的重要参考 [4]

公司投资组合价值 - 公司投资组合中企业未来12个月的预期首次公开募股价值处于其历史最高水平之一 [1]

I'm private equity giant Blackstone out with the third quarter results just a short while ago. Want to tell you about the company's performance uh and bring in John Gray. He's of course the president and chief operating officer of the Blackstone Group.Uh good morning to you. There's so much to talk about both in these earnings and as we've been discussing and describing what seems like a lot driven by the world of AI and data centers uh just where all of that is going. Uh but let's walk through the earnings ...

格隆汇10月23日｜黑石集团(BX.US)已积累5080亿美元信贷资产，这家私募资本巨头正将目标瞄准更高 评级的债务投资领域。黑石集团周四宣布，其整体信贷策略管理规模同比增长18%，其中私人投资级策 略规模同比激增33%至1230亿美元，成为主要增长引擎。两年前将信贷与保险业务整合时，黑石设定了 十年内实现1万亿美元规模的目标。2023年被任命执掌该整合业务的吉尔斯·德拉特本周接受采访时表 示，私人信贷正迅速突破传统狭义的企业次级投资级范畴，向更广阔领域扩张。 ...

All right, welcome back. Let's talk about our calls of the day. Uh, Evercore has taken down the price targets of a couple of private equity names.Blackstone to 180 from 197. They're still outperform on the name. They just reduce uh their enthusiasm, I guess.Apollo goes to 145 from 160. Also outperform. So, they clearly like the the stocks.Blackstone, by the way, reports tomorrow morning Serat before the bell. >> What do you think here. Look, I like these companies for the long term.Apollo, Blackstone, KKR, ...