The Los Angeles Lakers are an NBA basketball franchise based in Los Angeles, one of the league's most valuable and storied teams.
Four raises worth $7.7 billion landed in one week, and the largest is not a fund with an exit clock. Thrive's roll-up vehicle sold roughly a sixth of itself at a $12 billion valuation.
Perspective Coverage
3 publishersReality
The second NBA control change in a week is a reordering of an existing cap table rather than an auction. The number nobody published is what the buyer is actually paying.
Reality
Two Walter-controlled insurers restated related-party holdings from $1.4 billion to more than $17 billion. The correction, not the credit quality, is the number allocators should be reading.
Reality
A closed-end fund distributed $1.74bn over eight fiscal years while earning about a third of it, covering the gap by issuing shares above NAV. The premium is now a discount.
Reality
Fortune reports a tax logic under the Thrive founder's franchise purchase. On one analyst's allocation estimate, the deal implies roughly $750 million a year of deductible amortization.
Reality
Jeanie Buss says a co-trustee veto blocks her siblings from selling the family's last 17.8% to Kushner and Iger. The letter also warns anyone who helps them.
Reality
Joshua Kushner and Bob Iger's record bid is being read by outside analysts as a non-passive shield against carried interest. The pricing logic may sit in the tax code.
Reality
Mark Walter's Chelsea stake is the headline. The related-party loan figure an internal audit multiplied by 21 is the part that matters to anyone with money at Guggenheim.
Reality