Ramsey Naito has left her position as president of Paramount Animation amid company restructuring following its merger with Skydance, which includes significant layoffs. Naito, known for revitalizing popular franchises like SpongeBob and Teenage Mutant Ninja Turtles, expressed pride in her work and gratitude to her team. The company praised her contributions and leadership as it moves forward with new strategic priorities.
The Season 3 premiere of CBS's 'Tracker' explains the absences of characters Bobby and Velma, with Bobby having a new job as an encryption specialist and Velma focusing on her marriage, while also introducing new plotlines involving other characters.
Private equity firms are facing their worst year for exiting investments in a decade, as the market downturn caused by the Covid-19 pandemic has made it difficult to sell off assets. The economic uncertainty and reduced buyer demand have led to a slowdown in exits, impacting the financial performance of private equity firms. This challenging environment has prompted firms to reassess their investment strategies and seek alternative ways to generate returns.
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Private equity activity remained sluggish in the first half of 2023 due to ongoing macro uncertainty, resulting in limited investments, exits, and fund-raising. The industry is under pressure to find ways to return more capital to limited partners, with top funds reviewing portfolios and resetting value creation plans to get things moving again. The IPO window has opened slightly, inflation is moderating, and banks are cleaning up their balance sheets, providing some optimism. However, the industry faces a liquidity crunch with a record $2.8 trillion in unexited assets, leading to a decline in fund-raising. The focus now is on increasing distributions to LPs through exits, GP-led secondaries, and other liquidity solutions.
