Pension Pulse

JULY 11, 2024

Valuations are way, way off in some cases, and there will come a point, I expect soon, when auditors say they’re unable to sign off on the accounts anymore,” he adds, explaining that many asset sales in secondary markets will be done at far lower values than where they’re being priced by firms today.

Buyout 59

Buyout Debt Leveraging Collateral 59

Udu

MAY 24, 2023

Leveraged Buyout (LBO) An LBO transaction is an acquisition funded using a significant amount of debt where assets from both parties are used as collateral. Update the valuation regularly Private equity valuations should be updated periodically to account for new information, changes in market conditions, or company performance.

Due Diligence 40

Due Diligence Best Practices Leveraged Buyouts Collateral 40

Blackstone

NOVEMBER 16, 2023

With slower bank and leveraged loan growth, demand for partners in private credit is high. Private credit provided 65% of loans for the leveraged buyout (LBO) market in 2021 and 86% for the market as of year to date 2023. But because there will be winners and losers, skilled managers have an opportunity to stand out.

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 52

The Big Picture

JANUARY 24, 2023

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

Pension Pulse

NOVEMBER 10, 2023

The Fund, which includes the combination of the base CPP and additional CPP accounts, achieved a 10-year annualized net return of 9.6%. The base CPP account’s net return for the quarter was 0.2%, and the five-year annualized net return was 7.3%. For the quarter, the Fund’s net return was 0.1%.

Investing 59

Investing Buyout Stakes Assets 59

The Big Picture

JUNE 20, 2023

MORGENSON: It can be collateralized loan obligations, now it’s big private debt. 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. But so you had these dividend recaps.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Finance Financing 59