Generali announces that it has completed the acquisition of Conning Holdings Limited (CHL) and its affiliates from Cathay Life, a subsidiary of Cathay Financial Holdings, as announced on 6 July 2023. As a result of the transaction, all shares of CHL have been contributed into Generali Investments Holding S.p.A. (GIH), in exchange for newly issued shares, and Cathay Life has become a minority shareholder of GIH, with a stake of 16.75%1, establishing a long-term partnership with Generali in the asset management business. The acquisition includes Conning, focused on insurance and institutional fixed income, and its affiliates Octagon Credit Investors (bank loans, CLOs and specialty credit), Global Evolution (emerging markets debt), and Pearlmark (debt and equity real estate). In line with Generali's 'Lifetime Partner 24: Driving Growth' strategic plan, the combination enhances the global asset management business of the Group by strengthening its investment capabilities, growing its third-party client business and expanding its presence in the U.S. and Asia....

DecisionRx, a value-based healthcare company focused on reducing the cost of care by helping physicians optimise prescribing decisions for their patients, has agreed a a $100m credit facility with global investment firm Carlyle. As part of the transaction, which was led by Carlyle's credit strategic solutions team, a group within the global credit business focused on private fixed income and asset-backed investments, Carlyle has secured the option to acquire 25% of the outstanding equity of DecisionRx. The financing will support DecisionRx in delivering medication therapy optimisation to patients of accountable care organisations, Medicare Advantage plans, and self-insured employers. The facility is expected to fund lab testing and comprehensive medication reviews by DecisionRx pharmacists for over 100,000 patients. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....

London has seen a string of high-profile defections this year by domestic or locally listed companies to New York in search of deeper liquidity and higher valuations, including building materials company CRH (CRH.N) and sports betting group Flutter Entertainment (FLTRF.L). Marex, one of the world's largest privately owned commodities brokers, more than doubled its first-half pre-tax profits after buying a rival last year and as interest rates climbed, the company reported in August Last year, Marex agreed to buy ED&F Man Capital Markets to boost its metals business and expand in fixed income and equities. A source close to the situation said at the time the deal was worth $220m. Britain's promises to boost the financial sector's post-Brexit global competitiveness through changes such as easing stock market listing rules have so far been a damp squib, with many of the changes yet to be implemented and none so far having a substantial impact, lawmakers said in a report on Friday. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....

The significant milestone comes after the Fund recently paid its 42nd consecutive quarterly distribution. As a closed-end interval fund, TI+ Fund pays a quarterly distribution corresponding to the Fund's net asset value (NAV) at the annualized rate of 5.25%* based on the current share price. Since the Fund's introduction in 2012 at a $25 NAV per share, TIPRX has paid approximately $16.27 per share in total distributions to its shareholders, with a 65% average annual tax deferral on those distributions. In addition to these quarterly distributions, TIPRX NAV has grown over 30% from $25.00 to $32.67 per share (as of 6.30.2023), generating a 7.82% annualized return since inception and has delivered a positive total return every calendar year since inception including an approximate 10% return in 2022 when many equity and fixed income indexes incurred sizeable drawdowns. 'Delivering over $1 billion in total distributions to its shareholders over 10 years and 42 consecutive quarterly distributions is a major milestone and is validation of the structure and investment strategy of the TI+ Fund,' said Jeffrey Schwaber, CEO of Bluerock Capital Markets. 'Since inception, TI+ Fund has been through multiple market cycles, a pandemic, a recession, and a sizable interest rate hike cycle and yet the underlying institutional private real estate asset class has proven resilient, and the Fund has been able to be a consistent producer of attractive, tax-efficient income and total returns to its shareholders. We remain bullish on the outlook for outsized rental rate and NOI growth in the Fund's high conviction overweight sectors which we believe will lead to a robust market rebound and the ability for the Fund to continue to generate attractive income and total returns,' added Schwaber....