Remove 2008 Remove Leveraged Buyouts Remove Pension Funds
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Ares Faces Its Biggest Decision Yet: Stick With Private Credit or Become an Alts Supermarket

Private Equity Insights

Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? In 2022, Ares’ direct lending tied to such buyouts totaled $26.4

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Transcript: Michael Fisch

The Big Picture

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 look at the financial crisis, middle of 2008, most economists didn’t see a recession coming even though we were right in the middle of the worst one in a long time.

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Transcript: Victor Khosla, Strategic Value Partners

The Big Picture

But because these are really good businesses, which got levered, they got leveraged through these leverage buyouts. Early nineties was the start of the modern high yield leverage buyout business done at scale. And by the way, we had success, that fund of, we started with the $110 million. And still growing.

Debt 59
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Transcript: Gretchen Morgenson

The Big Picture

Pension funds, perhaps, maybe aren’t growing as much as they need them to. RITHOLTZ: Clearly, 401(k) is not a much faster growing part of the allocation landscape than either direct benefits or pensions, if anything, that side of the street is shrinking dramatically. And so, this is a ripe market for them.

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This Week in Pensions & Investments: 10-11-2023

Pension Pulse

Committed US$150 million to American Industrial Partners Capital Fund VIII, which will primarily target value-oriented, control investments in the North American industrials sector. Leveraging these investment advantages are some of the strategies IMCO uses to enhance returns on behalf of our clients. Read his full comment here.