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

Private Equity Insights

The attractions of sticking with private credit are obvious. And Ares’ greatest growth spurts have come during tough times like the 2008 financial crisis and the height of the Covid-19 pandemic. It’s easy enough to understand why Ares Cap would prefer to lend to a big firm than to a small- or middle-market one.

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Transcript: Michael Fisch

The Big Picture

They’re one of the older private equity firms around, been been in business since 1994. 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 now we call it the private equity industry.

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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. By the time 2008 came around, we had about $5 billion. I wanted to make sure it just came through.

Debt 59
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Transcript: Armen Panossian

The Big Picture

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. I mean, if you’re buying debt in, in, you name it company at 20 cents to 60 cents, and they’re owned by, you know, marquee private equity firms, what’s gonna happen with that?

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

Pension Pulse

Committed US$150 million to Hellman & Friedman Capital Partners XI, which focuses on leveraged buyouts and growth capital opportunities in North America and Europe, primarily in the technology & software, healthcare, financials and consumer & retail sectors. STAR Capital is a mid-market, U.K.-based

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Carlyle eyes up to $5bn in exits in 2025 amid IPO push

Private Equity Wire

Carlyle Group is aiming to accelerate the pace of initial public offerings (IPOs) and asset sales in 2025, targeting $4bn to $5bn in exits from its private equity portfolio, in line with last years divestments, according to a report by Reuters.

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Transcript: Gretchen Morgenson

The Big Picture

The current book is called “These Are the Plunderers, How Private Equity Runs and Wrecks America” That’s a little bit of a sensationalistic headline. When we spoke, the focus and conversation really emphasizes the largest of the large private equity firms. And that’s why we’re focusing on them.