Remove 2015 Remove Deal Flow Remove Private Equity Firms
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CPP Investments' Andrew Edgell on Private Debt's Next Stress Test

Pension Pulse

Right now, spreads and terms on new deal flow appear attractive, so lenders are being disciplined for the most part. Also, supply is cyclical and there will come a point where the bid-ask spread narrows and PE firms start to transact again.

Debt 59
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Blackstone (BX) Q1 2024 Earnings Call Transcript

The Motley Fool

So control large scale private equity is part of it; U.S., Europe, Asia is part of it; Tactical Opportunities, more hybrid equity, part of it; life sciences growth, part of it; secondaries, infrastructure, some opportunistic credit. I would just frame this by saying, we set up our data science business back in 2015.

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Transcript: Michael Carmen, Wellington

The Big Picture

00:36:05 [Speaker Changed] So private equity firms tend to come in and take over running these companies. 00:45:53 [Speaker Changed] So where does your deal flow come from? They, they manage them, not what you guys do. It sounds like very competitive space.

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Transcript: Armen Panossian

The Big Picture

I had him on the show in 2015 and the thing that was so astonishing, 17.8% 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? Just an incredible run.

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Transcript: Ken Kencel

The Big Picture

You had a lot of the big buyout firms, they were doing the transactions in the ‘80s, in the early ‘90s. But, you know, these large firms were spinning off smaller private equity firms. And they were doing mid-sized deals. KENCEL: — as an equity partner, right? Private debt AUM has grown to $1.3

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Blackstone (BX) Q2 2024 Earnings Call Transcript

The Motley Fool

I have personally been active in this field since 2015. There's also a variable around the sort of the level of deal flow a year ago and the benefit that comes from buying those funds at a discount to the fund returns in the short term. But long term, overall, it is an outstanding track record.

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