The Motley Fool

APRIL 28, 2024

Moreover, while Hercules specializes in basic debt instruments such as term loans or revolvers (think a corporate line of credit), Ares offers more sophisticated products -- including leveraged buyouts (LBOs). ARCC Price to Book Value data by YCharts At a price-to-book (P/B) ratio of just 1.1, per unit at the end of 2009, to $3.70

Leveraged Buyouts 244

Leveraged Buyouts Due Diligence Buyout Venture Capital 244

Private Equity Insights

MARCH 17, 2023

And Ares’ greatest growth spurts have come during tough times like the 2008 financial crisis and the height of the Covid-19 pandemic. Lately, much attention has been lavished on Ares Capital, the unit created in 2004 to provide financing for middle-market acquisitions, recapitalizations, and leveraged buyouts.

Pension Funds 130

Pension Funds Buyout Leveraged Buyouts Asset Management 130

Blackstone

NOVEMBER 16, 2023

We take a more muted view for the next cycle as multiple expansion was responsible for only 14% of the average annual total return from 1991 to 2008 when rates were both higher and more volatile. With slower bank and leveraged loan growth, demand for partners in private credit is high. Private credit funds tend to be levered ~1.0x

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 52

The Big Picture

SEPTEMBER 23, 2024

But, but I think if I was to go back through my career, that moment in time, you know, when there is this big wave coming, because it was the start of the high yield market, the leverage loan market grew dramatically, you know, from 200 billion in the mid nineties to $5 trillion today, high yield and leverage loans. And still growing.

Debt 57

Debt Leveraging Banks Leveraged Buyouts 57

The Big Picture

DECEMBER 5, 2023

But there wasn’t an active m and a business, there wasn’t a leveraged finance business. But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. And, and we wanted to have relatively modest leverage.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

SEPTEMBER 26, 2023

Not, not terribly busy in 2007 to be honest, but in 2008, 2009, 10, it was by far the busiest time in my career in investing. Another floating ra, another interest rate sensitive asset class or LBOs, highly levered leveraged buyouts supported by floating rate liabilities. That’s an example.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

The Big Picture

JUNE 20, 2023

Aren’t the big firms and the LBOs, the leveraged buyouts, very different than the middle market, smaller private equity firms that provide capital and equity to small companies. MORGENSON: It stopped outperforming in like the mid-2000s or towards 2008. So, let’s talk about a little bit of pushback.

Private Equity Firms 57

Private Equity Firms Private Equity Firms Financing Finance 57