BlackRock and Grayscale are in a battle to have more SEC meetings, with BlackRock leading 5-4. This could foreshadow an upcoming asset/volume battle. Meanwhile, Warburg Pincus teamed up with Horta-Osório on a €6bn bid for telecoms assets, and turned to Apollo for a $1 billion loan to pay down bank facilities. BlackRock wanted to buy a majority stake in a top private equity manager and held discussions about a possible strategic partnership with Warburg Pincus, but the talks failed, revealing the scale of BlackRock's private equity ambitions.
BlackRock held partnership talks with Warburg Pincus - FT https://t.co/1tbgOZwZI5 https://t.co/dm5BglopLe
Failed Warburg Pincus talks reveal scale of BlackRock’s private equity ambitions via @AntoineGara @brookeamasters @ArashMassoudi @HarrietAgnew @FT #PrivateEquity https://t.co/i6GUJ5pjpt
BlackRock is the world’s largest money manager. But it also has private equity ambitions. It held discussions about a possible strategic partnership with Warburg Pincus, but they foundered over the two firms’ competing visions: https://t.co/dAvebm2EQD https://t.co/1iOeg51IXs
Big scoop by @AntoineGara @ArashMassoudi @HarrietAgnew @brookeamasters about BlackRock’s attempt to get into the private equity game https://t.co/6Kj5ZF8Pu7
"BlackRock wanted to buy a majority stake in a top private equity manager, while Warburg Pincus, which manages $84bn, did not want to cede control. They then discussed developing joint products last year." 🤯 https://t.co/DuBM7A8Dto via @ft
Failed Warburg Pincus talks reveal scale of BlackRock’s private equity ambitions https://t.co/meMwAoHrmX
Warburg Pincus turned to alternative investment giant Apollo for a $1 billion loan to pay down bank facilities involving an older fund. https://t.co/tODt3w2jIg via @dawnmlim @allisonmcneely @wealth #PrivateEquity
Warburg Pincus turned to alternative investment giant Apollo for a $1 billion loan to pay down bank facilities involving an older fund. https://t.co/h1kxboWv3w
Warburg Pincus teams up with Horta-Osório on €6bn bid for telecoms assets Private equity firm is working with former Lloyds and Credit Suisse boss on plan to buy Altice’s Portuguese business via @IvanLevingston @OwenWalker0 @william_louch @FT https://t.co/2WVIA6aLYW
BlackRock and Grayscale in a battle to see who can clock more SEC meetings. I think it's like 5-4 BlackRock. Poss foreshadow of the asset/volume battle a year from now.. https://t.co/LXjfm0b0hu