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China’s Luckin Coffee raises $150 mln from BlackRock, others: Reuters

China’s Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised $150 million in its latest round of funding from investors including BlackRock Inc, which values the company at $2.9 billion. The investment, $125 million of which came from a private equity fund managed by BlackRock, follows a $200 million funding round in November that had increased the company’s valuation to $2.2 billion, Luckin said in a statement on Thursday. The up-and-coming coffee chain with ambitions to chal...
Tags: China, Singapore, Trends, Credit Suisse, Goldman Sachs, Starbucks, Morgan Stanley, Blackrock, Reuters, BlackRock Inc, Starbucks Corp, GIC, PE Deals, U S IPO, Consumer/Retail, Luckin Coffee


BlackRock's Fink expects 'huge' rush into underinvested stock market

The U.S. economy is speeding up again after a slowdown in recent months and cash could soon start rushing into stocks as most investors are underinvested in the markets globally, BlackRock Inc's Chief Executive Larry Fink said on Tuesday.
Tags: Money, businessNews, Blackrock, BlackRock Inc, Larry Fink, Fink


BlackRock profit beats estimates as assets rebound above $6 trillion

BlackRock Inc, the world's largest asset manager, reported first-quarter profit that exceeded expectations and raked in $65 billion of new investor cash as global financial markets rebounded from a volatile fourth quarter.
Tags: Money, businessNews, Blackrock, BlackRock Inc


BlackRock quarterly profit beats, assets under management top $6 trln

BlackRock Inc, the world's largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter.
Tags: Money, businessNews, Blackrock, BlackRock Inc


From JPMorgan to Reed Hastings, here's who has the most at stake ahead of Netflix earnings (NFLX)

Netflix is set to report first-quarter earnings after the bell on Tuesday. Shares of the streaming giant have enjoyed an impressive 50% rally since last year's market sell-off, but are currently trading at six-week lows. Markets Insider has compiled a list of Netflix's largest shareholders to gauge which firms and individuals stand to lose or gain the most in the wake of Tuesday's market-moving event. Watch Netflix trade live. The streaming giant Netflix is scheduled to release its first-qua...
Tags: Trends, Bloomberg, Netflix, Credit Suisse, Reed Hastings, Blackrock, Jpmorgan, Susquehanna, NFLX, Chris Jacobson, Reed Hastings Netflix, Markets Insider, CEO Reed Hastings, BlackRock JPMorgan, JP Morgan Total, Baillie Gifford Total


INTRODUCING: The 10 people transforming how we think about capitalism

Business Insider has named 10 people working for "better capitalism" to its list of 100 people transforming business. They include a Wall Street titan, a labor rights activist, and a presidential candidate. See the full list of the 100 people transforming business here.  Due to a confluence of forces — the legacy of the financial crisis, millennials taking over the workforce, and an increasingly polarized society — there is a widespread and urgent call to reexamine capitalism as it is practic...
Tags: Hollywood, America, Trends, United States, Harvey Weinstein, Ibm, Blackrock, Burke, Larry Fink, Fink, Gherson, Tarana Burke, Diane Gherson, Me Too Movement


Abu Dhabi's pension fund joins KKR, BlackRock in ADNOC pipeline deal

Abu Dhabi National Oil Company (ADNOC) said on Sunday that Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) has signed a deal to invest in a pipeline infrastructure entity that ADNOC is setting up with BlackRock and KKR.
Tags: Money, businessNews, Abu Dhabi, Blackrock, ADNOC, Abu Dhabi National Oil Company Adnoc, KKR BlackRock, Abu Dhabi Retirement Pensions


KeyMe nets $50 mln from BlackRock

Sarasota, Florida-based KeyMe, a robotics and AI company in the locksmith industry, has secured $50 million in funding. The investor was BlackRock. Source: Press Release
Tags: Trends, Blackrock, Sarasota Florida, VC Deals


Peter Kraus dishes on the market

During my recent conversation with Peter Kraus, which was supposed to be focused on Aperture and its launch of the Aperture New World Opportunities Fund, I couldn’t help veering off into tangents about the market in general. Below is Kraus’ take on the availability of alpha generation, the Fed, inflation vs. Amazon, housing, the cross-ownership of US equities by a few huge funds and high-frequency trading. Gregg Schoenberg: Will alpha be more available over the next five years than it has bee...
Tags: Amazon, TC, Europe, Japan, Real Estate, Enterprise, Finance, Government, Films, US, Tech, Banking, Policy, United States, Aperture, Army


Clayton, Allan join Astarte Capital Partners

Astarte Capital Partners said April 4 that Nick Clayton has joined as an investment director, while Shaun Allan joined as an investment associate. Clayton most recently worked for BlackRock while Allan was with RBC. PRESS RELEASE ASTARTE STRENGTHENS ITS INVESTMENT TEAM Astarte Capital Partners announces the appointments of Nick Clayton as Investment Director and Shaun Allan as Investment Associate in the investment team in London. London, 4th April 2019 – Astarte Capital Partners, a specialist a...
Tags: London, Australia, Trends, People, United Kingdom, University of Oxford, Kpmg, NICK, Blackrock, Allan, Rbc, Royal Bank Of Canada, Clayton, LONDON London, Europe North America, Shaun


BlackRock could be given more time for Carige bid, say sources: Reuters

A specialist fund run by BlackRock could be given extra time to bid for troubled Italian lender Carige, three sources familiar with the matter said. Carige was placed under special administration at the start of the year after its top investor blocked a planned capital raising, derailing an industry-financed rescue plan. The BlackRock fund has remained as the only buyer still known to be considering a bid as U.S. fund Varde Partners this week decided to walk away after due diligence showed Carig...
Tags: Minnesota, Trends, European Central Bank, Financial Services, Genoa, Blackrock, Reuters, PE Deals, Carige, Värde Partners


BlackRock could be given more time for Carige bid - sources

A specialist fund run by BlackRock could be given extra time to bid for troubled Italian lender Carige, three sources familiar with the matter said.
Tags: Money, businessNews, Blackrock, Carige


BlackRock invests in CleanCapital

BlackRock‘s renewable power group has made an investment in CleanCapital, a clean energy investment platform. No financial terms were disclosed. PRESS RELEASE NEW YORK, April 02, 2019 (GLOBE NEWSWIRE) — CleanCapital, an industry-leading clean energy investment platform, announced today a new investment in the firm from funds managed by BlackRock’s Renewable Power Group, which bolsters the ability of the two firms to invest together in clean energy projects. The investment provides for the contin...
Tags: Trends, United States, Blackrock, John Hancock, PE Deals, Thomas Byrne, CleanCapital, Energy/Power, Renewable Power Group, Martin Torres Head of the Americas, Thomas Byrne Jon Powers, Marc Garrett CleanCapital


U.S fund Varde pulls out of bidding process for Carige, says source: Reuters

U.S. fund Varde Partners has pulled out of a bidding process for troubled Italian bank Carige, a source close to Varde said on Tuesday. That leaves a fund managed by BlackRock as the only known potential bidder for Italy’s tenth largest lender. The Genoa-based bank was placed under special administration by the European Central Bank in January after its top investor blocked a planned capital raising. A deadline for potential buyers to present binding offers expires in mid-April. The bank could f...
Tags: Trends, European Central Bank, Italy, Financial Services, Genoa, Blackrock, Reuters, PE Deals, Carige, Värde, Värde Partners


BlackRock’s LTPC racks up $2.75 bln

BlackRock’s Long Term Private Capital has raised $2.75 billion. The fund will invest in high-quality companies interested in a long-term strategic source of capital. André Bourbonnais is leading LTPC. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Long Term Private Capital, the pioneering new private equity vehicle from BlackRock Inc. (NYSE: BLK), is ready to start investing after securing capital commitments from a set of high-quality cornerstone investors. LTPC is the newest offering from BlackRock Al...
Tags: Trends, Funds, Blackrock, BAI, Bourbonnais, BLK, André Bourbonnais, BlackRock Inc NYSE, BlackRock BlackRock, LTPC, Long Term Private Capital, Mark Wiseman Chairman of BAI


HCC to sell litigation claims to BlackRock-led investors

Hindustan Construction Company Ltd (HCC) said on Tuesday it would sell rights to a portfolio of awards and claims on projects tied up in litigation to a consortium of investors led by BlackRock Inc for 17.50 billion rupees ($254.2 million).
Tags: Money, businessNews, Blackrock, BlackRock Inc, HCC, Hindustan Construction Company Ltd HCC


Hindustan Construction to move awards, claims to BlackRock-led investors

Hindustan Construction Company Ltd said on Tuesday it would transfer the rights in a portfolio of its awards and claims to a consortium of investors led by BlackRock Inc for 17.50 billion rupees ($254.19 million).
Tags: Money, businessNews, Blackrock, BlackRock Inc, Hindustan Construction, Hindustan Construction Company Ltd


BlackRock's $1.3 billion tech deal highlights the asset manager's ambitions to be a tech company — and hints at its future

BlackRock agreed to buy Paris-based alternative investment management platform eFront for $1.3 billion last week. Despite the big pricetag, the deal is 'not something that moves the needle,' analysts told Business Insider.  The company has long been pushing into technology and illiquid alternatives, like real estate and private equity, as it diversifies away from lower-revenue products like equities funds.  BlackRock's latest technology deal comes with a big price tag – $1.3 billion – but not...
Tags: Microsoft, Trends, CMO, Paris, Morgan Stanley, Aston Martin, Blackrock, Jpmorgan, Biggar, Aladdin, Larry Fink, Lagonda, Autonomous Research, Argus Research, Envestnet, Davitt


BlackRock to buy French software firm eFront for $1.3 billion in cash

World's biggest asset manager BlackRock Inc said on Friday it would buy French investment software provider eFront from private equity firm Bridgepoint and eFront employees for $1.3 billion in cash.
Tags: businessNews


Blackstone joins KKR and BlackRock in Mexico private equity fundraising

Blackstone Group has raised $695 million (523.62 million pounds) from Mexican pension funds for its first two local private equity funds, filings showed, joining Black Rock and KKR & Co in expanding in Mexico following regulatory changes.
Tags: Money, Mexico, businessNews, KKR, Blackstone, Blackrock, Blackstone Group, KKR Co, Black Rock


BlackRock: Fed In “No Hurry to Shift From Its Policy Rate Hike Pause”

This article was originally published on ETFTrends.com.
Tags: Finance, Article, Blackrock, Fed, FBN, Fbn/markets, Fox-business/markets, ETF Trends, Ceb2cc95-6002-597a-a0bc-6a8f588f87f9


BlackRock makes case to own more U.S. TIPS

BlackRock, the world's biggest asset manager, on Monday recommended investors hold more U.S. Treasury Inflation Protected Securities (TIPS) as the Federal Reserve is expected to refrain from raising short-term interest rates in the coming months.
Tags: Money, businessNews, Federal Reserve, Blackrock, U S Treasury Inflation Protected Securities


UAE’s ADNOC seals $4 billion pipeline infrastructure deal with KKR, BlackRock: Reuters

Abu Dhabi National Oil Company (ADNOC) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the government-owned company said on Sunday. ADNOC has been expanding through strategic partnerships since 2017. Last month it won a combined $5.8 billion investment from Italy’s Eni and Austria’s OMV for a stake in its refining business to establish a new trading operation owned by the three partners. The latest deal follows ADNOC’s capital markets ...
Tags: Trends, Austria, Italy, KKR, Uae, Blackrock, Reuters, Emirates NBD, Eni, OMV, Henry Kravis, ADNOC, Jaber, PE Deals, Edward Bell, Abu Dhabi National Oil Company Adnoc


J.P. Morgan Asset Management taps Wu as sustainable investing global head

J.P. Morgan Asset Management has appointed Jennifer Wu as global head of sustainable investing. Previously, Wu worked at BlackRock where she was a member of its sustainable investing team. PRESS RELEASE NEW YORK, Feb. 25, 2019 /PRNewswire/ — J.P. Morgan Asset Management today announced the hiring of Jennifer Wu as Global Head of Sustainable Investing. Ms. Wu joins J.P. Morgan from BlackRock, where she was a member of its Sustainable Investing team. She will also lead J.P. Morgan’s Sustainable In...
Tags: Asia, New York, London, US, Trends, People, United Nations, ESG, Adb, Blackrock, Morgan, Jennifer, JPMorgan Chase Co, Wu, JPMorgan Chase Co NYSE, PRI


BlackRock, KKR invest $4 bln in ADNOC Oil Pipelines

BlackRock and KKR are investing $4 billion in Abu Dhabi’s oil pipelines. BlackRock and KKR are buying 40 percent in an entity called ADNOC Oil Pipelines, which will lease ADNOC’s interest in 18 pipelines for a 23-year period. PRESS RELEASE Transaction marks the first midstream infrastructure partnership by leading global institutional investors and a national oil company in the Middle East Tried and tested global infrastructure investment approach applied for the first time in the region Transac...
Tags: Asia, Mexico, Trends, Colombia, Middle East, United Arab Emirates, Fund, Abu Dhabi, KKR, Uae, Blackrock, Morgan, Fdi, Eni, Fitch, Bank of America Merrill Lynch


UAE's ADNOC seals $4 billion pipeline infrastructure deal with KKR, BlackRock

Abu Dhabi National Oil Company (ADNOC) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the Abu Dhabi government owned company said on Sunday.
Tags: Money, businessNews, KKR, Blackrock, ADNOC, Abu Dhabi Government, Abu Dhabi National Oil Company Adnoc, KKR BlackRock


BlackRock, KKR plan $4 billion-$5 billion investment in ADNOC pipeline unit: FT

U.S. investment firms BlackRock Inc and KKR & Co Inc are in advanced talks to take a $4 billion to $5 billion stake in Abu Dhabi National Oil Co’s (ADNOC) pipeline network, the Financial Times reported on Tuesday. The deal could be signed as early as next week, the newspaper reported, citing people briefed on the matter. State-owned ADNOC was looking to sell a stake in its multibillion-dollar pipeline infrastructure assets, Reuters had reported bit.ly/2GySytx in early October. ADNOC has started ...
Tags: Trends, KKR, Financial Times, Blackrock, Reuters, State, BlackRock Inc, ADNOC, BlackRock KKR, PE Deals, Abu Dhabi National Oil Co, KKR Co Inc, Energy/Power


European rum brand E&A Scheer picks up funding from Riverside

The Riverside Company has made an investment in E&A Scheer, a European rum brand. No financial terms were disclosed. Allen & Overy and Advocatenkantoor Parmentier provided legal counsel to Riverside on the transaction for Riverside. PRESS RELEASE The Riverside Company, a global private equity firm, has made a significant investment in E&A Scheer (Scheer), the largest global blender and vendor of premium rum in bulk. With origins dating back to 1712, Scheer specializes in sourcing and custom-blen...
Tags: Trends, Blackrock, Mrc, Riverside, Amsterdam Netherlands, Batavia, North America Europe, Corp, Bain Company, Langer, Scheer, Riverside Company, PE Deals, Jeroen Lenssen, Riverside Company The Riverside Company, Scheer Scheer


BlackRock hires former Fed official Fischer as an adviser: memo

BlackRock Inc is hiring former U.S. Federal Reserve Vice Chair Stanley Fischer as a senior adviser, the world's largest fund manager said in a memo on Wednesday.
Tags: Money, businessNews, Blackrock, Fed, Fischer, U S Federal Reserve, BlackRock Inc, Stanley Fischer


Almost half of Americans haven't put a dime toward retirement. BlackRock's president breaks down how technology can help.

Americans are woefully underprepared for retirement: Only 56% said they had started saving, BlackRock's annual investor survey found. The president of the $6 trillion firm says technology, including platforms for financial advisers and an app that invests spare change in exchange-traded funds, can help mitigate the retirement crisis. Americans aren't saving enough for retirement — a problem underscored by a new BlackRock survey. But investors said new technology could help them be more involv...
Tags: US, Trends, Michael Dell, Blackrock, Business Insider, Jpmorgan, MSD Capital, DST, Ken Moelis, Rob Kapito, Kapito, Comcast Venture



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