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☆ The lowly neighborhood strip mall might be the hottest new thing in commercial real estate
▼ + stars: | 2025-01-05 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

A lack of supply and an uptick in in-person neighborhood shopping has increased their value. One commercial real estate investor called the opportunity a "retail renaissance." Blackstone President Jon Gray said at the time that he believes the extreme distress the commercial real estate market has faced in recent years is beginning to ease up. "If you were an investor in real estate after the financial crisis, you would have made a lot of money. "Open-air shopping centers are the only major property type that is experiencing an acceleration in rental rate growth," Corl said in the blog post.

Persons: That's, Blackstone, Jon Gray, Goldman Sachs, James Corl, Steers, Corl Organizations: Wall Street, Retail Opportunity Investments, Blackstone, IRL, Cohen Locations: New York, San Mateo , California

☆ 2024 was a rough year for celebrity production companies in Hollywood and their private-equity backers
▼ + stars: | 2025-01-02 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Some celebrity-led production companies struggled in 2024 as Hollywood cut spending. 2024 was a bad year for the TV and film business — and was particularly hard for a set of celebrity-backed production companies that previously raised large amounts of capital at eye-popping valuations. AdvertisementPrivate equity firms like Blackstone and RedBird Capital Partners poured a lot of money into celebrity-led production companies, making notable deals in 2021 to back roll-up Candle Media and LeBron James' SpringHill, respectively. The investment boom drove a celebrity production company bubble, said Paul Hardart, who directs the entertainment, media, and technology program at NYU's Stern business school. Which companies will survive and whySome industry insiders say the celebrity production companies with staying power will be the ones that move beyond their famous backers.

Persons: RedBird, LeBron James, SpringHill, Paul Hardart, Gabrielle Wesley, we'll, Reese Witherspoon's, Kevin Mayer, —, Ampere, Will, Jada Pinkett Smith's, Semafor, James, Kevin Hart's Hartbeat, Hart, Dwayne Johnson's, Andy Kaufman, Margot Robbie's LuckyChap, Robbie, Barbie, it's, Aubrey Plaza, Elizabeth Banks, Max Handelman Organizations: Hollywood, Blackstone, RedBird Capital Partners, Media, NYU's Stern, Mars, Candle Media, Jada Pinkett Smith's Westbrook Inc, Bloomberg, Business, Seven Bucks, Warner Bros, Productions Locations: Mars Wrigley, America, Hollywood, SpringHill, British

Each year, Business Insider highlights Wall Street's rising stars. For the past eight years, Business Insider's finance reporters have tapped their contacts to put together a list of who to watch on Wall Street. Business Insider asked these rising stars from leading firms like Goldman, Blackstone, and Citadel to reflect on their successes, challenges, and best career advice. Others are influencing how Wall Street interacts with Main Street, using their skills and savvy to create new products and services for ordinary investors or giving employees at portfolio companies ownership stakes . Here are the previous editions of our Wall Street rising stars list:

Persons: We've, Blackstone, Natalie Ammari, Alyssa Powell, Goldman Sachs, Rachel Mendelson Organizations: Business, Goldman, Citadel, BI, General Atlantic, Jefferies Group

A $210 million Malibu mansion and $108 million Aspen property were among the priciest sold in 2024. AdvertisementHere's a look at five of the most expensive homes sold across the US this year. A $210 million Malibu mansion broke California's record for priciest property ever soldAn aerial view of the Malibu home off the Pacific Coast Highway that sold for $210 million this year. AdvertisementA home on Palm Beach's only private island sold for $152 millionIn May, a 28,600-square-foot home on Tarpon Island in Palm Beach, Florida, sold for $152 million, a real-estate agent behind the sale confirmed to Business Insider. A home on a private island in Palm Beach, Florida, sold for $152 million this year.

Persons: Redfin, It's, Oakley, James Jannard, Beyoncé, Jay, Jannard, Michael S, Smith, Barack Obama, Daniel Petroni, Michael Dorrell, Blackstone, Daren, Addison Mizner, Casa Amado, Vlad Doronin's, Doronin, Russian James Bond, Steve Wynn, Thomas Peterffy, Jessica Rinaldi, James Leynse, —, Aspen's Organizations: Malibu, Los Angeles Times, Business, Stonepeak Partners, Street Journal, Mansion, Metropoulos, Pabst Brewing, Playboy, The New York Times, Bloomberg, OKO, OKO Group, Aspen, Colorado, Boston Globe, Getty Images Former, Denver Post Locations: Aspen, Malibu, California, San Francisco, Tarpon, Palm Beach , Florida, Palm Beach, Holmby Hills , California, York, Manhattan's, Aman New York, Manhattan, Russian, Los Angeles, Palm

☆ Stocks making the biggest moves premarket: MicroStrategy, VeriSign, Sangamo Therapeutics and more
▼ + stars: | 2024-12-31 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Crypto stocks – Stocks tied to the price of bitcoin gained as the cryptocurrency inched higher on Tuesday. The conglomerate added 76,487 more shares of Verisign over the past three trading days for 15.6 million. Sangamo Therapeutics – Shares of Sangamo Therapeutics plunged more than 54% after the company said its partner Pfizer ended their hemophilia A gene therapy co-development agreement , delaying the prospects of bringing the development to market. EQT – The energy company gained less than 1% a day after announcing the closing of a midstream joint venture with Blackstone Credit & Insurance . Super Micro Computer – Shares gained more than 1% after closing the previous session as the worst performer in the S & P 500, falling around 4%.

Persons: Stocks, bitcoin, Warren, Berkshire Hathaway, Pfizer, EQT, —, Alex Harring, Yun Li, Pia Singh, Lisa Kailai Han Organizations: Miners Mara Holdings, Sangamo Therapeutics, Pfizer, Blackstone Credit & Insurance, Nvidia, Dow Jones Locations: Verisign, Blackstone

☆ Video shows Kazakhstan plane crash survivors pulled from wreckage
▼ + stars: | 2024-12-25 | by ( Maya Blackstone | ) edition.cnn.com time to read: 1 min

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☆ Video shows moment plane crashes in Kazakhstan
▼ + stars: | 2024-12-25 | by ( Maya Blackstone | ) edition.cnn.com time to read: 1 min

☆ Prospinity, which allows college students to share their future incomes, just raised $2 million
▼ + stars: | 2024-12-23 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

Prospinity allows college students to share in their success through income-share agreements. Prospinity raised $2 million to expand to new universities in a deal led by Slow Ventures. How Prospinity worksWhen Prospinity rolls out to a new university, it researches the student body and selects a handful of high achievers to create or join a success pool. Law school students, finance associates, and aspiring entrepreneurs compose his success pool of about 30 members. Aron Ravin, another member of that same Prospinity pool, hopes to capture some potential upsides of being an entrepreneur as he climbs the corporate ladder.

Persons: Prospinity, Aarya Agarwal, Samvel Antonyan, Agarwal, Mark Zuckerberg, Bill Gates, Kevin Colleran, Patrick Chung, Sam Altman's, Fortune, Andrea Zanon, Andrea De Berardinis, Hassaan Qadir, Qadir, Aron Ravin, Ravin Organizations: Ivy League, Slow Ventures, Yale, MIT, Princeton, Harvard, Ventures, University of California Locations: Blackstone, Bridgewater, influencers, Berkeley, AppLovin, Palo Alto, New Haven , Connecticut

☆ Insider Today: Blackstone's holiday cheer
▼ + stars: | 2024-12-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

This post originally appeared in the Insider Today newsletter. BlackstoneBlackstone released its annual holiday video for the seventh consecutive year, which might elicit the reaction: Why is a firm managing $1 trillion worried about holiday videos? In an industry full of super serious people doing super serious business for super serious clients, Blackstone's willing to make itself the butt of the joke. Jay Gillespie, the head of Blackstone's video team and one of the brains behind the holiday extravaganza, spoke to BI's Alex Nicoll about the evolution of his role at the firm. BlackRock CEO and cofounder Larry Fink made a cameo in Blackstone's holiday video this year: "Can you believe people confuse US for THEM?")

Persons: You've, she's, Blackstone Jon Gray, Blackstone, Blackstone Blackstone, Michael Park, We've, Jay Gillespie, BI's Alex Nicoll, Blackstone's, —, Larry Fink, Ethan Miller, Prince Williams, PATRICK T, FALLON, Celina Pereira, Lil Wayne, Chris Brown, Nate Sweitzer, Luisa Isabel Álvarez de, Luisa Isabel, she'd, Zestimate Alvaro Dominguez, it's, lurk, that's, Chelsea Jia feng, Sean, Diddy, Combs Organizations: Business, BlackRock, Getty Images, BI, Citi, Chelsea, Citigroup Locations: Washington, Luisa Isabel Álvarez de Toledo, Spanish, Medina, Spain, captivate Spain

☆ Behind the scenes with the team who make Blackstone's videos
▼ + stars: | 2024-12-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +13 min

Blackstone's outlandish holiday videos have become must-see TV for Wall Street and beyond. A minute later, Joe Lohrer, the head of US retail sales for Blackstone Private Wealth Solutions, was dripping wet, and the head of Blackstone's video team, Jay Gillespie, called for another take. AdvertisementIn another series, Gillespie's video team interviews a series of managing directors. This person referred to Blackstone's holiday video as "Jon Gray's baby" and said Gray appears to have a great working relationship with Gillespie. Gray is usually the first person to come up with the idea for the holiday video, Gillespie said.

Persons: they're, Jon Gray, Laurie Carlson, Carlson, Joe Lohrer, Jay Gillespie, Alex Nicoll, Gillespie, who's, Blackstone, It's, Christine Anderson, Joe Zidle, Kathleen McCarthy, Dan Roth, Roth, Gray, Anderson, Michael Scott, Steve Carell, Courtest, Steve Schwarzman's, David Blitzer's, Bennett Goodman, Steve Schwarzman, Bard, Joe Baratta, Matt Anderson, Baratta, Schwarzman, Jon Gray's, Jon, Christine Organizations: Wall, Business, Blackstone Private Wealth Solutions, Coachella, Blackstone, New, BI, New Jersey Devils, YouTube, BLACKSTONE Locations: Australia, Europe, New York, Hudson, America, Asia

☆ How Rokos stayed true to its big-bet roots and became the old-school manager every investor wants
▼ + stars: | 2024-12-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The $19 billion manager Rokos Capital is an outlier in the increasingly institutional hedge fund industry. Its billionaire namesake, who was a cofounder of Brevan Howard, runs the majority of the portfolio. Related storiesIn 2002, Howard, Rokos, and three other Credit Suisse traders left the now-defunct Swiss bank to launch Brevan Howard (the "R" in Brevan is for Rokos). AdvertisementEventually, Rokos and Howard settled their dispute, and Howard even backed Rokos' new manager, reports at the time said. Headquartered on the posh London strip known for its bespoke tailoring, Roko's firm has a "Savile Row style" of customization for its founder.

Persons: Brevan Howard, Chris Rokos, Donald Trump, Rokos, Stanley Druckenmiller, George Soros, Goldman Sachs, Alan Howard, Howard, Trump's, Brevan, Savile, He's, it's, Mark Edwards, Matthew Sebag, Montefiore, Oliver Wyman, Pria Bakhshi, Quita Ramirez, Dmitry Green, Lauren Fairbairn, he's, Cliff Asness, Louis Bacon, Michael Platt, David Tepper, Jeffrey Talpins, Said Haidar, Paul Tudor Jones, Henry VIII Organizations: Rokos, Bloomberg, Treasury, Trump, Rokos Capital Management, Pensions, Blackstone, Eton grad, UBS, Credit Suisse, Citadel, Getty, Goldman Locations: London, Rokos, Oxford, Swiss, Brevan, London's Mayfair, New York, Schonfeld, allocators

☆ Private Equity Is Pouring Billions of Dollars Into Restaurants. Yikes.
▼ + stars: | 2024-12-12 | by ( Corey Mintz | ) www.businessinsider.com time to read: +16 min

Between 2009 and 2018, the number of fast-casual restaurants in America doubled, while sales have nearly tripled. When the gravy train stops, fast-casual restaurants are going to be in trouble. To understand why private equity is pouring money into restaurants, we have to start with the appeal of the fast-casual model. The limited menu enables both fast-food and fast-casual restaurants to be efficient, keep costs down, and avoid losses from food waste and labor. Because a lot of the weaker players have been weeded out," Susskind says about fast-casual restaurants.

Persons: Charles Grodin, Robert DeNiro, I've, Blackstone, Cava, Alex M, Susskind, that's, Chris Macksey, Olive Garden, Smokey Bones —, Tracy Goh, Damaran Sara, Goh, Talia Berman, Levy, Berman, Moshe Batalion, Thomas Crosby, Crosby, they've, It's Organizations: Sycamore Partners, Bowls, Lobster, Taco Bell, Cornell University, Prix Fixe, Nabisco, Darden, Investment, RioCan, Independent, Pal's, Harvard, University of Chicago's Booth School, Business, Cornell, Rubio's, Mill, Capital Locations: Jersey, America, Manhattan, Taco, Olive, Cava, San Francisco, New York's, Tennessee, Florida, United States, California

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Coca-Cola, McDonald's, Palantir & more
▼ + stars: | 2024-12-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Thursday's biggest calls on Wall Street: UBS upgrades Diageo to buy from neutral UBS said it sees brand momentum for the beverage company. JPMorgan upgrades Brookfield Renewables to overweight from neutral JPMorgan said it's bullish on shares of the renewables company. Wells Fargo reiterates McDonald's as overweight The firm said it's a top idea heading into the holidays and 2025. " Bank of America upgrades Constellation Energy to buy from neutral The firm said shares of the energy company are "compelling." Goldman Sachs reiterates AT & T as buy The firm said the telecom company is a top idea in 2025.

Persons: Don Julio, Goldman Sachs, Nucor, Bernstein, Apple, it's, Morgan, Wells, Blackstone, TD Cowen downgrades Adobe, Cowen, KeyBanc, Mizuho, Morgan Stanley, Roblox, Hershey, it's bullish, Woodward, Goldman, bullish, TD Cowen, Baird, Palantir, Dr Pepper, Disney, Parsons, Jefferies Organizations: UBS, Diageo, Crown, Dynamics, Gulfstream, Apple, JPMorgan, Brookfield Renewables, Brookfield Renewable Partners, Brookfield Renewable Corp, Morgan Stanley, Alcoa, Mobile, Nvidia, Mizuho, MU, DELL, HSBC, Hershey, UW, EW, Citi, American Airlines, Benchmark, Penske, Penske Auto Group, AWS, Adv, Energy, Deutsche Bank, Pepsi, Deutsche, Beverage, Disney, " Bank of America, Inc, Holdings, Constellation Energy, Constellation Energy Group, DoD, Federal Civilian, Emerson Electric, Jazz Pharmaceuticals Locations: Western Australia, Wells Fargo, 1H25, CRDO, Mar

☆ The Omnicom-IPG megamerger signals a new era for the ad industry
▼ + stars: | 2024-12-10 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

Related Video How tech layoffs could affect the economyIn today's newsletter, the $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry. OmnicomIt's already been a big week for the ad industry. For ad industry insiders, the proposed takeover reflects an ad sector under threat from Big Tech and AI , writes Business Insider's Lara O'Reilly. AdvertisementPrivate equity has been circling the ad industry, too. Industry insiders have speculated for months that WPP could be taken private — or at least some parts of it could be.

Persons: Luigi Mangione, Brian Thompson, Mangione, John Wren, IPG Philippe Krakowsky, Wren, Omnicom It's, Publicis, Snoop Dogg, it's, Insider's Lara O'Reilly, creatives, Simon Francis, Lara, William Ritchie, Blackstone, Chelsea Jia Feng, Jane Fraser, Aaron Neyer, Sylvia Duran, Camila Ferraz, Jenny Chang, Rodriguez, —, Jimmy Donaldson, Rupert Murdoch Getty, Rupert Murdoch, Rupert, Lachlan, Murdoch, they've, Elon Musk, Sundar Pichai, Benjamin Netanyahu, Janet Yellen, Hallam Bullock, Grace Lett, Ella Hopkins, Amanda Yen, Lisa Ryan, New York Milan Sehmbi Organizations: Business, Ivy League, Big Tech, Monday, Omnicom, Interpublic, Groupe, WPP, Flock Associates, WY Partners, Apollo, KKR, Industry, Getty, Nvidia, Microsoft, Amazon, Citi, Google, PowerPoint, Elon, Wall Street, Summit Locations: Pennsylvania, Paris, China, bitcoin, MrBeast City, California, Jerusalem, Stockholm, Sweden, London, Chicago, New York

☆ After the Omnicom-IPG merger, these are the ad M&A deals industry insiders think could be next
▼ + stars: | 2024-12-10 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Ad industry insiders say the Omnicom takeover of Interpublic Group could kick off more M&A. The US ad industry has barely grown over the past few years. AdvertisementSome industry insiders think the Omnicom-IPG tie-up is just the start of a massive reordering of the $70 billion ad agency industry and that it's only a matter of time before other holding companies are forced to acquire or be acquired as they look to bulk up. Private equity has been circlingThe big holding companies could also be a target for private-equity giants. Industry insiders have speculated for months that WPP, which once ranked as No.

Persons: William Ritchie, Ritchie, Andreas Roell, Mark Read, Arthur, Sadoun, Tom Triscari, WPP's, Publicis, Omnicom, Havas, Mark Penn's Stagwell, Bill Koenigsberg, Martin Sorrell, David Morgan, Kepler, Blackstone, who's, Tata, Jay Friedman, They're Organizations: Interpublic, Insiders, WPP, Private, Accenture, Google, WY Partners, FGS, Evros, Publicis Groupe, Lemonade Projects, Vivendi, Horizon Media, Capital, Horizon, Temasek, Apollo, KKR, Industry, IBM, Tata Consultancy Services, Droga5, Goodway Locations: US, London

☆ How Utah's 'Silicon Slopes' tech sector is making a run at Silicon Valley
▼ + stars: | 2024-12-10 | by ( Dardan Pula | ) www.cnbc.com time to read: +6 min

At the heart of this transformation are companies like Adobe , which helped lay the groundwork for Silicon Slopes' rise. The tech-cluster has created fertile ground for other startups to grow in the Silicon Slopes ecosystem. "That was a seminal moment in the history of Silicon Slopes," he said. The city's leaders and entrepreneurs hope that the snowball effect will continue to roll down Silicon Slopes. "We're very proud of that sort of pioneer heritage that we have, particularly in building what is now the Silicon Slopes ecosystem," Sherman said.

Persons: Adobe SVP Wade Sherman, CNBC's Carl Quintanilla, Wade Sherman, Adobe's, Sherman, Brad Rencher, CNBC Rencher, Rencher, it's, It's, Catherine Wong, Entrata, —, Wong, haven't, Todd Pedersen, Adobe, Pedersen, " Pedersen Organizations: Adobe, Adobe SVP, CNBC, Oracle, Microsoft, Salt Lake, Blackstone Locations: Lake City, CNBC's, Salt, Lehi, Salt Lake City, Lehi , Utah, Silicon, Draper, Orem, Provo, Adobe's, Utah, Silicon Valley, North America, Silver

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Rivian, AMD, Broadcom, Charles Schwab, PayPal & more
▼ + stars: | 2024-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Monday's biggest calls on Wall Street: Bank of America downgrades Advanced Micro Devices to neutral from buy Bank of America said it's concerned about market share gain potential slowing. Deutsche Bank initiates First Citizens as buy Deutsche Bank said it has a favorable long term view of the commercial banking company. Bank of America upgrades PayPal to buy from neutral The firm said the stock is a turnaround story. Bank of America downgrades Capital One to neutral from buy Bank of America said the Trump trade has played out for Capital One. Bank of America upgrades TaskUs to buy from neutral Bank of America said the outsourcing company is "best in class."

Persons: it's, Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Robinson, Wells, Bernstein, JD …, Jefferies, McCormick, Biogen, Morgan, director's, JEF, OW, TD Cowen, Blackstone, Charles Schwab, Robinhood, Schwab, HOOD, Trump, SOFI, Truist, Tesla, Deutsche, Roth Organizations: Bank of America, Devices, AMD, Holdings, UBS, ELAN, Deutsche Bank, Citizens, First Citizens, JPMorgan, Broadcom, VMWare, Citi, Morgan Stanley downgrades Bank of America, Morgan Stanley, Bank, New York Mellon, Cap Bank, Blackstone, Barclays, " Bank of America, PayPal, Capital, COF, of America, Newell Brands, Nokia, Telecom Locations: China, C.H, Real, robotaxi

☆ Call of the Day: Blackstone
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCall of the Day: BlackstoneThe CNBC 'Halftime Report' Investment Committee discusses Blackstone and other financial names.

Persons: Blackstone Organizations: CNBC, Investment

☆ Life inside Blackstone's Miami office, from the daily meetings to the office croquetas
▼ + stars: | 2024-12-07 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Blackstone's Miami office is now home to about 70 finance professionals, including 15 from Garcia's team. BlackstoneBlackstone's bet on MiamiBlackstone's Miami office is just north of the city's downtown, about a 10-minute drive from the Brickell financial district. AdvertisementIn building Blackstone's Miami finance bench, Garcia said the approach is not so much about transplanting employees but rather finding local talent committed to Miami. AdvertisementWith a master's in accounting, his first job was at KPMG's Miami office, where he focused on audits for asset management clients. "Usually Miami is pretty hot, so I feel like I need some cooling down," he said.

Persons: Blackstone, Julio Garcia, Garcia, —, Garcia's, Chris Striano, let's, New York Garcia, Garcia Garcia, Tyler Burke, he's, It's, They're, they'll, Farmer, they're Organizations: Blackstone, University of Miami, Miami, Citadel, Magic City, Global Finance, Business, Miami Blackstone's, UM, HIG, KPMG Locations: Miami, South Florida, Blackstone, firm's Miami, Miami Blackstone's Miami, Brickell, Biscayne, Miami Beach, New York, Cuba, Puerto Rico, South Beach, Cuban, Versailles, Little Havana

☆ As BlackRock storms into the private credit arena, longtime players aren't worried about the space getting too crowded
▼ + stars: | 2024-12-06 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

"The market is proving that private credit has a reason to exist," said Carlyle exec Nicola Falcinelli. Tens of billions poured into private credit funds in the third quarter — and then the world's largest asset manager joined the party. Related Video How Twitter panic took down Silicon Valley BankOther finance giants are trying to get in on the private credit action, State Street is shopping around for a private credit firm, and Citi has linked up with Apollo for a $25 billion credit fund. Singapore sovereign wealth fund Temasek is forming a $7.5 billion private credit platform. "The market is proving that private credit has a reason to exist," said Nicola Falcinelli, the deputy head of European private credit at Carlyle, at Edelman Smithfield's annual investor summit Thursday in London.

Persons: Carlyle, Nicola Falcinelli, Edelman, Donald Trump, Matthew Theodorakis, LaRusse, Putri Pascualy, Pascualy, Blackstone Organizations: HPS, Partners, Bank, Citi, Temasek, Ares Management, Investment Locations: Singapore, Wall, London

☆ BlackRock is buying HPS, rounding out a year of blockbuster deals
▼ + stars: | 2024-12-03 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

AdvertisementBlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager. BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth. BlackRock is set to buy HPS Investment Partners, a private credit behemoth managing $150 billion, in an all-stock deal worth around $12 billion, the Wall Street Journal reported Tuesday morning. The three will now join BlackRock's global executive committee and lead a new unit combining HPS and BlackRock's existing private credit business, according to the WSJ report.

Persons: HPS, Larry Fink, Fink, Izzy Englander's, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Wall Street, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Bloomberg, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock

☆ New ETF gives regular investors access to booming new market on Wall Street
▼ + stars: | 2024-12-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

A new fund hitting the market on Tuesday has a phrase in the title that ETF investors are about to become very familiar with: private credit. There is now a few trillion dollars in private credit assets under management, but the total addressable market for the asset class in the U.S. could top $30 trillion , according to consulting firm McKinsey & Company. The use of collateralized debt obligations, which pool a bunch of private credit loans together, is one approach. "The big hurdle to clear in investing in private credit in an ETF is liquidity. One high profile example is the proposed SPDR SSGA Apollo IG Public & Private Credit ETF, a collaboration between ETF giant State Street and Apollo's private credit expertise.

Persons: CLOs, Tony Kelly, Kelly, We're, Alliance Bernstein, Janus, PCMM Organizations: Nasdaq, Blackstone, Owl, McKinsey & Company, BlackRock, HPS Investment Partners, CNBC, Private Credit, State, Better Markets, Securities and Exchange Commission, Apollo, Alliance, Virtus Private, AAA CLO Locations: U.S, CLOs

☆ Behind BlackRock's ambitions to push into private markets
▼ + stars: | 2024-12-03 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

AdvertisementBlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager. BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth. BlackRock, the $11.5 trillion asset manager, is reportedly nearing a deal to buy HPS Investment Partners, a private credit behemoth managing $145 billion. AdvertisementFink, BlackRock's chief executive and cofounder, who built the world's largest asset manager by packaging public markets into cheap funds for the masses, has been very vocal about the firm's push into the profitable private markets.

Persons: HPS, Larry Fink, Fink, Izzy Englander's, HPS didn't, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Financial Times, Bloomberg, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock

Walmart offers some of the greatest variety when it comes to product selection, so we've gathered all of the best Walmart Cyber Monday deals below to help narrow it down for you. Be sure to check out our roundup of the best Cyber Monday deals and the best Amazon Cyber Monday deals for even more savings. Best Cyber Monday Walmart tech dealsIf you're looking for tech, Walmart has several deals on items from Sony, Samsung, Beats, and more. View at WalmartBest Cyber Monday Walmart TV dealsThe best Walmart Cyber Monday TV deals are available across top brands like Sony, LG, Vizio, and Hisense. View at WalmartBest Cyber Monday Walmart Apple dealsThere are tons of Cyber Monday Apple deals at Walmart, including savings on the Apple Watch 10 and sets of AirTags.

Persons: Walmart's, it's, Max, they're, Blackstone, Air Fryer, fryer, gelato Organizations: Business, Walmart, Sony, Samsung, Sony PlayStation, Walmart Samsung Galaxy Watch, Galaxy, LG, Walmart Apple, Apple, Apple AirPods, MacBook, Apple's, Air, Walmart Walmart

☆ Walmart Black Friday 2024: Our deal expert found the 34 best rollbacks, including discounts on Dyson, PS5, and Apple
▼ + stars: | 2024-11-29 | by ( Lillian Brown | Brendan Griffiths | Associate Editor Of Streaming | ) www.businessinsider.com time to read: +10 min

Learn moreBlack Friday has arrived, and the best Walmart Black Friday deals include major discounts on top items. For even more deals, make sure to bookmark our guide to the best Black Friday deals, which span multiple retailers. Best Black Friday Walmart tech dealsIf you're looking for tech beyond Apple, Walmart has several deals on items from Sony, Samsung, Beats, and more. View at WalmartBest Black Friday Walmart TV dealsThe best Walmart Black Friday deals can be seen across top brands like Sony, LG, Vizio, and Hisense. View at WalmartBest Black Friday Walmart Apple dealsThere are tons of Black Friday Apple deals at Walmart, including savings on the Apple Watch 10 and sets of AirTags.

Persons: it's, Max, they're, It's, Walmart Apple, Blackstone, gelato Organizations: Business, Walmart, Sony PlayStation, Apple AirPods, Dyson, Apple, Samsung, Sony, PlayStation, Walmart Sony, Slim, Walmart Nintendo, Nintendo, Mario Kart, Walmart Samsung Galaxy Watch, Galaxy, LG, Friday, Walmart Apple, iPad, Black

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