Selin Bucak

Paris

Journalist at Freelance

Correspondent at Citywire

Freelance journalist & Citywire alts correspondent. Sign up to substack via: https://t.co/46SyJlBxZ5 Views my own...

Articles

PE Leaderboard: Advisers double to 10,000 across 40 firms

5 days ago | citywire.com | Jack Gilbert |Selin Bucak |Joe Stonor

The number of advisers working at private equity-backed advice firms has doubled in 2024 to over 10,000, according to Citywire’s latest PE Leaderboard. On the back of several major deals last year, the number of private equity-backed firms have risen from 36 to 40. Across these firms, the 10,481 advisers now account for around 28% of all investment advisers in the UK, measured against the total of 37,136, according to the most recent data from the FCA. Already have an account?
Exclusive: Wave of high profile exits at Schroders amid sweeping ‘transformation’

5 days ago | citywire.com | Selin Bucak |Joseph Eden |Paromita Dey |Natalia Vasnier

A number of portfolio managers are stepping down from their roles at UK investment giant Schroders this year, Citywire can reveal. The exodus comes as the company pushes through a sweeping transformation programme overseen by newly-appointed CEO Richard Oldfield, who took over from Peter Harrison towards the end of last year.
Carlyle aims to bring PE strategy to wealth investors by 2026

6 days ago | citywire.com | Ian Wenik |Selin Bucak |Alec Rich |Jim Dickson

Carlyle is going to be launching its private equity strategy for wealth investors by early 2026, as CEO Harvey Schwartz positions the firm for further growth.
Raymond James rolls out minority equity financing offer for affiliates

1 week ago | citywire.com | Tania Mitra |Sam Bojarski |Selin Bucak |Jim Dickson

Financial services giant Raymond James is offering advisors growth financing, in exchange for a minority stake in their practices, the company said Monday. Wealth practices which receive financing retain full control of their businesses and have the option to buy back RayJay’s stake on clearly defined terms, the company also said. RayJay is offering the financing under its Practice Capital Solutions umbrella.
April ETF flows slump to lowest in a year amid tariff turmoil

1 week ago | citywire.com | Sam Bojarski |Tania Mitra |Alec Rich |Selin Bucak

ETF flows in April slowed to their lowest levels for 12 months amid wild market volatility sparked by President Donald Trump’s tariff announcements. After averaging $106bn of inflows for the prior 11 months, April’s flows were more muted at $57.8bn, according to data from Morningstar Direct. April is a quieter month in general, but investors were responding to the activity around tariffs as well.
Exclusive: Cetera restructures support teams for advisors

1 week ago | citywire.com | Andrew Foerch |Sam Bojarski |Alec Rich |Selin Bucak

Independent broker-dealer Cetera Financial Group has restructured its internal support teams which serve thousands of affiliated advisors around the country, according to presentation materials viewed by Citywire. Through the plan, advisors will receive consulting and business growth support from designated teams based on their geographic region and Cetera broker-dealer affiliation.
Apollo CEO: Traditional fund shops could become largest private asset investors

1 week ago | citywire.com | Selin Bucak

Apollo Global Management’s chief executive Marc Rowan said traditional asset managers are ‘redefining what active management is’ and will most likely become one of the largest sources of capital formation for his firm. In the alternative asset manager’s first quarter earnings call, Rowan (pictured) noted that traditional asset managers have become large consumers of private assets and are helping the private markets industry reach clients it could not have reached on its own.
Franklin Templeton launches evergreen secondaries fund in wealth push

1 week ago | citywire.com | Selin Bucak

Franklin Templeton has launched a semi-liquid secondaries fund for wealthy investors outside the US, attracting $875m already from clients. The announcement confirms a Citywire report from last year, which revealed the plans for the launch. The Franklin Lexington PE Secondaries fund will be available to professional investors in Hong Kong and accredited investors in Singapore.
Junior debt set for resurgence

1 week ago | alternativecreditinvestor.com | Selin Bucak

Global News, Top 3, UK News Churchill Asset Management, HPS, Jason Strife, Pitchbook As senior lenders become more cautious, there is an opportunity for junior capital to fill in the gaps in the market, according to Churchill Asset Management’s Jason Strife.
KKR ready to 'play offense' with $116bn in dry powder

1 week ago | citywire.com | Selin Bucak

KKR is ready to deploy its $116bn in dry powder at a time ‘when others are scared,’ according to co-CEO Scott Nuttall. Speaking during the alternative asset manager’s first quarter earnings call on Thursday, Nuttall said he is optimistic about deployment. He said that times like these, referring to the uncertainty surrounding president Donald Trump’s new tariff policies, present attractive investment opportunities.