Pension Pulse

JULY 11, 2024

We’re seeing a slow-grinding implosion of this titanic asset bubble that started in 2012,” says Dan Zwirn, CEO at Arena Investors. All this "financial engineering" is legal but it's raising eyebrows and some LPs are rightly worried that it will impact equity value as debt defaults soar.

Buyout 59

Buyout Debt Leveraging Collateral 59

The Big Picture

JANUARY 7, 2025

It’s also legal and regulatory. But growing rapidly, that market, when we first did our first secondaries transaction as a, as a firm in 2012 was only 20 billion a drop in the bucket. Leverage buyouts requires leverage. You think it’s more than just the tech companies? Hence the valuation gap.

Capital 52

Capital Hedge Funds Buyout Startups 52

The Big Picture

FEBRUARY 7, 2023

So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveraged buyouts. I mean, you know, I probably shouldn’t have been doing it because I had been a journalist covering public schools and knew nothing about leveraged buyouts. And I actually started out of business school.

Banks 103

Banks Mergers and Acquisitions Capital Companies 103