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May 12, 2022 · What Is a Permanent Capital Vehicle? A permanent capital vehicle (PCV) is an investment entity created for managing permanent capital, or capital available for an unlimited time horizon.
Jun 1, 2021 · Perpetual capital recalls the Inexhaustible Treasuries of the Buddhist monasteries in early medieval China. As anthropologist David Graeber chronicles, “by continually lending their money out at interest and never otherwise touching their capital, [monasteries] could guarantee effectively risk-free investments. That was the entire point.
Jan 30, 2020 · Blackstone now controls $104bn of perpetual capital, nearly one-fifth of its total war chest. Apollo has been even more imaginative, creating Athene Holding, a life insurance company set up at...
Mar 30, 2017 · Permanent capital is an investment for an indefinite period of time in an underlying vehicle. The vehicle can be any form – a corporation, trust or partnership. The...
May 14, 2024 · Offering flexibility, alignment of interests, long-term value creation, access to diverse opportunities, and enhanced liquidity and continuity, perpetual capital presents a compelling proposition for investors seeking robust and resilient investment vehicles in today’s dynamic market landscape.
May 13, 2021 · With perpetual capital vehicles, private equity firms are buying and holding, much like Warren Buffett. It’s a dramatic shift from the rapid turnaround typical of the industry.
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Jan 28, 2021 · Over a quarter of The Blackstone Group Inc.'s fee-earning assets under management is now perpetual, CFO Michael Chae told listeners. Fee-earning AUM increased 15% year over year to $469 billion, while total AUM rose 8% to $619 billion.
