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A consortium of private credit funds, including Antares Capital, Blue Owl Capital, KKR, and Goldman Sachs AssetManagement, has agreed to take control of Alacrity. When BlackRock made its investment, Alacrity carried around $1bn in senior debt and $500m in junior debt, financed by Goldman Sachs wealth management division.
Schroders is shutting down its AUD100m ($63m) Australian private-debt business, citing increased competition in fundraising and sourcing investments, according to a report by Bloomberg citing CEO and Chief Investment Office Simon Doyle.
BNP Paribas AssetManagement has appointed Linda Fodil and Thibault Sartori as Private Debt Investment directors to support its new direct lending strategy. Both will be based in Paris and report to Christophe Carrasco, Head of Private Debt.
The vehicle has attracted institutional capital from Barings, which acted as the lead investor in the senior debt tranches, while Coller and Ares Management have retained the first-loss equity positions. The transaction underscores growing demand for fund finance solutions as private markets continue to face liquidity constraints.
” LongueVues buy of Daedalus was backed by Abacus Finance which was the Senior Secured Credit Facilities Administrative Agent and Sole Lender to the transaction. Abacus Finance is an assetmanagement firm specializing in private credit solutions to the lower middle market. billion in financings.
GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. He noted a growing demand for Balbecs asset-based and specialty finance strategies as investors seek diversification. reaching its $999.9m reaching its.
Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust partnered with Miami, Florida-based Rialto Capital and the Canada Pension Plan Investment Board to make the successful $1.2bn bid for the 20% interest in a joint venture set up by the FDIC to hold the failed bank’s $16.8bn in commercial real estate debt.
Aviva Investors, the global assetmanagement business of Aviva, has launched its third fund under the Long Term Asset Fund (LTAF) regime with the creation of the Aviva Investors Multi-Sector Private Debt LTAF (MSPD LTAF).
HarbourView Equity Partners, an alternative assetmanagement firm focused on investments in the sports, media and entertainment space, has secured approximately $500m in a debtfinancing led by global investment firm KKR. Seeks $655 m of Private Debt for USA DeBusk Deal H.I.G. billion Swiss-franc ($2.6.
The deal was led by Kohlberg & Company, with Blue Owl providing strategic financing to support the transaction. This transaction underscores the importance of strategic partnerships between private equity firms and alternative assetmanagers in funding large-scale deals within critical industries. The company, co-owned by.
The State of the Game The private credit arms race has taken the industry landscape by storm, with Ken Moelis citing the shift as the greatest change in the history of transactional finance. [1] The sector has become extremely attractive for investors, with LPs and assetmanagers pouring money into private credit.
are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Given the purchase price and expected leverage of the buyout, both financing routes would need preferred equity to close the deal, the people said.
HPS Investment Partners, a global firm with approximately $117bn in assets under management as of June 2024, operates across various asset classes, including debt, liquid credit, asset-based finance, and real estate.
Goldman Sachs AssetManagement said on Thursday it had raised over $700 million for a new fund that will work with external managers to identify investment opportunities in both public and private markets. Source: Yahoo Finance Can’t stop reading?
This week, we speak with Elizabeth Burton , managing director and client investment strategist at Goldman Sachs AssetManagement. Previously, she was CIO at the Employees’ Retirement System of the State of Hawaii, and managing director in the quantitative strategies group at the Maryland State Retirement Agency.
billion in outstanding debt commitments stemming from its 2017 Chapter 11 bankruptcy, which reduced the equity cost of the acquisition. Cameco announced its plans to finance its share of the acquisition using all of its $600m term loan, which will be drawn down at closing, along with available cash. Westinghouse, however, has $3.8
At Macquarie, he served in several investing roles, as well as Global Head of Strategy across the assetmanagement business. His recent focus was on infrastructure and real assets that deliver both commercial returns and measurable impacts, addressing issues like inequality and climate change.
We'll also provide an update on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates. We've also continued to produce positive results for our assetmanagement business.
Ares Management is leading a group of private credit firms including Oak Hill Advisors, providing a debt package of over $1.2bn to CentralSquare Technologies as the software developer looks to refinance its debt. The report cites unnamed people familiar with the mater as revealing that the financing includes a $1.1m
Capital is seeking $655 million of debtfinancing to help fund its potential purchase of mechanical and industrial cleaning company USA DeBusk, according to people with knowledge of the matter. percentage points over the Secured Overnight Financing Rate, the people said. and Brookfield AssetManagement Ltd. —
Goldman Sachs AssetManagement and Sixth Street Partners are leading a $655m debtfinancing package deal for global alternative investment firm HIG Capital to fund a potential purchase of mechanical and industrial cleaning company USA DeBusk, according to a report by Bloomberg.
HarbourView Equity Partners, an alternative assetmanagement firm focused on investments in the sports, media and entertainment space, has secured approximately $500m in a debtfinancing led by global investment firm KKR.
Apollo Global Management reported a 12% rise in third-quarter profit on Tuesday, outperforming Wall Street expectations as it secured more assets and originated record levels of debt and other capital, according to a report by Reuters. The alternative assetmanager posted an adjusted net income of $1.13bn, or $1.85
The company specializes in an instrument called venture debt -- or loans made at high interest rates. For this reason, once the start-up reaches a maturity point generating consistent cash flow, it may seek out alternative financing options like debt. Horizon Technology Finance: 9.9% Hercules Capital: 11.5%
Mubadala Investment Company , Abu Dhabi’s sovereign investment arm, has formed a strategic partnership with New York-based alternative assetmanager Blue Owl Capital as it seeks to co-invest in private credit opportunities amid a tightening monetary environment around the world.
However, the most compelling driver of Bitcoin's future growth is likely tied to rising government debt and inflation. BlackRock , the largest assetmanager in the world, also highlighted this in a recent report , emphasizing that countries are taking on unprecedented levels of debt.
I'll also provide updates on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates. Ryan will discuss our NAV per share increase in more detail.
Apollo Global Management has agreed to help finance the acquisition of British song investor Hipgnosis Songs Fund for $1.4bn by Nashville-based music company Concord, through the provision of debt and a minority indirect equity interest in the deal.
The whole company, meanwhile, is backed by Brookfield AssetManagement , a Canadian assetmanager with a successful history of investing in infrastructure on a global scale. In addition, its improving cost of capital as rates fall will make it much easier to finance future acquisitions.
BC Partners is close to finalising a deal to sell Dutch generic drugmaker Synthon International Holding BV to Goldman Sachs AssetManagement (GSAM), according to a report by BNN Bloomberg. To support the potential Synthon sale, both banks and direct lenders are competing to provide up to 1bn in debtfinancing.
One of those people is none other than Larry Fink, billionaire chief executive officer of BlackRock , the world's largest assetmanager. However, it is his most recent comments that truly shed light on just how far he thinks Bitcoin can go. However, Fink hasn't stopped there.
Data source: Google Finance and author's calculations. However, it has since expanded its platform, evolving into an assetmanager. Last year, it took a notable step in its transformation, acquiring Sculptor Capital Management in a deal that significantly expanded its asset-management capabilities.
Medical Properties Trust reported net debt of more than $10.2 While the company's debt matures over a multiyear period, higher interest rates led to concerns about the increased costs of refinancing. Last month, the REIT sold $105 million of its interest in the asset-backed credit facility to a global assetmanager.
China’s Suning Holdings could be on the verge of losing control of Italian Serie A giants FC Internazionale Milan with the deadline to repay close to €400m in debt to Oaktree Capital Management looming large, according to a report by Bloomberg.
Dechert LLP has appointed Anthony Lombardi as a fund finance partner in London to help expand its fund leverage capacity across asset classes, including private equity funds, hedge funds and private credit funds, and bolster its presence in Europe.
s sale of Signature Bank debt, according to people familiar with the matter. The bidding process had lured finance companies including Starwood Capital Group and Brookfield AssetManagement Ltd. Blackstone Inc.
PGIM Private Capital, the private credit arm of PGIM, the $1.38tn global assetmanagement business of Prudential Financial, provided $14.9bn in senior debt and junior capital to 238 middle-market companies and projects worldwide in 2024.
More than $11 billion of its assets were hospitals and behavioral health facilities leased to tenants current on their rent or mortgages. This stabilized portfolio generates steady cash flow that the company uses to pay dividends and repay debt. It has leased those properties to operators benefiting from solid market conditions.
However, most investment banks typically seek out high-profile companies and offer them a variety of solutions pertaining to mergers and acquisitions , raising capital through the equity markets, or borrowing money via the debt markets. The investment firm New England AssetManagement (NEAM) is a subsidiary of Berkshire Hathaway.
Private equity giant Apollo is making a push into the high-grade debt market, an area long controlled by traditional banks, steered by former UBS, Swiss Re, and the World Bank executive Jamshid Ehsani, who joined the firm in 2010, according to a report by the Financial Times.
Ahead of the Private Equity Wire Private Credit European Summit, Amit Bahri, Co-Head, Direct Lending Europe at Goldman Sachs AssetManagement, talks to us about the early days of private credit, the tenets of GSAM’s senior direct lending strategy and playing devil’s advocate.
Private credit-focused assetmanager Liquidity has secured up to $450m in a financing deal led by KeyBank, marking a significant step in the firms expansion within the private credit market, according to a report by Reuters.
Allianz Global Investors led the financing on behalf of insurer and assetmanager giant Allianz Group, committing €75m and $50m to EAIF. Allianz Global Investors led the financing on behalf of insurer and assetmanager giant Allianz Group, committing €75m and $50m to EAIF.
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