DV Capital

BREAKING: The World's Largest Asset Manager, BlackRock, Hits $10.6 Trillion In AUM — +$1.2 Trillion Here are the key takeaways from their latest earnings release: • Adj EPS: $10.36 vs exp $9.96 (+10% YoY) • Revenue: $4.81B vs exp $4.87B (+8% YoY) • Net Inflows: $81.57B vs exp $101.24B • $139 billion of 1H total net inflows • $10.6 trillion in AUM, +$1.2 trillion YoY • Fee Revenue: $3.4B (+4% YoY) • Net Income: $1.495B (+9% YoY) • Operating Income: $1.8B (+11% YoY) CEO Larry Fink commented: "BlackRock generated nearly $140 billion of total net inflows in the first half of 2024, including $82 billion in the second quarter resulting in 3% organic base fee growth. Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, which had their best start to a year on record." Giant.

You don’t need a big team to be successful 🚀 → 𝗠𝗶𝗻𝗲𝗰𝗿𝗮𝗳𝘁 had just 40 employees when Microsoft acquired them for $2.5B. → 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺 had just 13 employees when Facebook acquired them for $1B. → 𝗠𝗶𝗱𝗷𝗼𝘂𝗿𝗻𝗲𝘆 hit $200M in ARR with only 40 employees. → 𝗖𝗿𝗮𝗶𝗴𝘀𝗹𝗶𝘀𝘁 generates $1B a year with a 50-person team. → 𝗡𝗼𝘁𝗶𝗼𝗻 reached an $800M valuation in 2019 with just 20 people. → 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 had 50 employees when Facebook acquired them for $20B. → 𝗝𝗼𝗲 𝗥𝗼𝗴𝗮𝗻 brings in $50M a year with only 3 employees. It’s not about the size of your team, but the impact of your vision and the dedication of your people.

Film financier BondIt Media Capital has closed a new co-financing partnership with Cineverse for North American production, acquisition and distribution of film projects. The production companies behind the film, #DarkAgeCinema and #TheCoven, re-teamed with filmmaker #DamienLeone (and David Howard Thornton as Art the Clow) for #Terrifier3, which wrapped production in New York last month and is set for an October 11, 2024 theatrical release.

Wealthy clans that built their fortunes in industries from children’s toys to household boilers have been co-investors on nearly $20 billion of listed company takeovers this year, according to data compiled by Bloomberg. They’ve made a mark on Wall Street as go-to sources of capital for investment firms like KKR and Silver Lake helping them get acquisitions over the line at a time when borrowed money remains expensive.

The £750M ($950M) UK film studio backed by James Cameron and other big names has been denied planning permission.

The #UAE stands out with a substantial project pipeline valued at $590 billion in the regional market. Residential projects account for $125 billion (21 percent), while mixed-use projects represent $232 billion (39 percent), as stated in JLL’s latest UAE Construction Market Intelligence Report. #Dubai, the dominant leader in the UAE’s real estate market, experiences a noteworthy surge of 21 percent year on year in sales and rental prices. In #AbuDhabi, 1,600 units were delivered in Q1 2024, and another 6,000 units are in the pipeline for the rest of the year. #RealEstate #Investments

Robert F. Smith’s #VistaEquityPartners has raised its largest #fund to date, a $20 billion fund focused on AI. “We have adopted generative artificial intelligence not just as a tool but as a pivotal component of our value creation and underwriting processes,” said Smith.

Under HH Sheikh Mohammed Bin Rashid Al Maktoum’s leadership, Dubai has accomplished many remarkable achievements. The $35bn expansion of Al Maktoum Airport is poised to elevate Dubai's status as a tourism and business hub to new heights, creating countless opportunities for economic growth. Exciting times! #Dubai #leadership #growth

There are power players for every region of the world where the Emiratis might want to invest. "If you come in with a great idea but a bad gatekeeper, it will rub people the wrong way" "Sheikh Tahnoon values authenticity and genuine connections." As the Al Nahyan family's financial empire has grown, so has the network of intermediaries. #AbuDhabi, home to about 6% of the world's proven oil reserves, has positioned itself as the "capital of capital," with more than $1.1 trillion combined in the sovereign wealth funds #AbuDhabiInvestmentAuthority (#ADIA) and #ADQ, both controlled by Sheikh Tahnoon.

$116 billion. Big numbers, big wedding parties. That’s Mukesh Ambani for you. So how did Ambani become the richest man in Asia? What has he done to make Reliance the conglomerate it is? 1/ The Digital Leap: Back in 2002, Mukesh Ambani took a significant turn away from the traditional family business route and made a visionary move by venturing into the tech space. He established a company called Reliance Infocomm and positioned it as a tech innovator, not just a traditional conglomerate. 2/ The Game-Changing Launch of Jio: During the initial years leading up to the launch, Jio faced criticism and concern from investors, leading to a temporary decline in Reliance Industries Limited (RIL)'s market value. However, Mukesh pushed forward, inspired by a vision of a digitally empowered India ‘Digital India’ —a dream shared with none other than the Prime Minister. In 2016, Mukesh Ambani finally launched Jio, offering high-speed 4G, making internet access affordable for millions of Indians. He created a massive market for internet users. Jio didn't just enter the market—it disrupted it. 3/ Celebrating Wins: But it’s not all work and numbers. Mukesh Ambani knows how to celebrate in style. His son’s pre-wedding party showed how Reliance is more than a company. Reliance is a community builder, bringing together people from all walks of life. Let’s see what the future holds.