Microsoft did not update its 30 million Copilot seats. It cited credits.
Microsoft last gave a Copilot seat count in July. This quarter it gave multiples with no base, and a price list that now includes a meter.
Read more
SEI's Carlyle fund charges 0.75%. The prospectus puts the total at 3.05%.
The new SEI Carlyle Private Markets Fund lists a 0.75% management fee. Its own fee table puts net annual expenses at 3.05%, most of it charged inside the underlying funds.
Six senior people left buyout firms for operating companies, Cloudflare among them
Six senior people left tracked buyout firms for operating companies this week. The firms kept hiring operators anyway.
KKR's record fee earnings now include roughly $220 million it used to report elsewhere
KKR reported record fee related earnings up 27%. Strip out a reclassification and the like-for-like growth is closer to 6% to 11%, with capital raised down 41%.
Brookfield said fundraising shows no signs of slowing. It slowed 17%.
Fundraising fell 17% on a year ago and 68% on the second quarter. The fee-bearing capital growth rate sits on a restated base.