Assets, Debt and Finance - Private Equity Central

The Rise of Asset-Backed Lending in Europe’s Private Debt Market

Private Equity Insights

FEBRUARY 22, 2024

In this context, private debt and in particular asset-backed lending (ABL) and real estate debt have emerged as prominent alternative financing methods, filling the gap left by traditional banks constrained by regulatory capital limitations. Across Europe, private debt AUM is forecast to grow at 10.0% trillion [i].

Debt

Debt Assets Due Diligence Banks

HarbourView secures $500m in debt financing from KKR

Private Equity Insights

MARCH 15, 2024

HarbourView Equity Partners, an alternative asset management firm focused on investments in the sports, media and entertainment space, has secured approximately $500m in a debt financing led by global investment firm KKR. Seeks $655 m of Private Debt for USA DeBusk Deal H.I.G. billion Swiss-franc ($2.6. read more H.I.G.

Debt

Debt Finance Financing Asset Management

EQT and Syndicate of Lenders Back Statera Energy with £300m Debt Financing

Private Equity Insights

NOVEMBER 27, 2023

London-based Statera Energy, an energy storage and flexible generation developer and operator, announced recently that it has secured up to £300m of debt financing through a syndicate led by Lloyds Bank. The financing we’ve arranged will provide a platform for Statera to continue to develop its portfolio of assets across the UK.

Debt

Debt Finance Financing Private Equity Firms

Apollo Provides $1.15bn in Debt Financing for HBC’s $2.65bn Acquisition of Neiman Marcus

Private Equity Insights

JULY 5, 2024

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up HBC said it will establish Saks Global, a combined entity of Saks Fifth Avenue, Neiman Marcus and other luxury retail and real estate assets. is singling out funds with combined assets of $150bn for an extra screen designed.

Debt

Debt Pension Funds Finance Financing

The Average American Has This Much Debt. How Does Yours Compare?

The Motley Fool

OCTOBER 28, 2024

consumers generally aren't strangers to debt. People borrow money all the time, whether to finance a car or cover essential bills that are too much for their paychecks. But recent data from The Motley Fool Ascent shows that American consumers carried an average debt load of $104,215 in 2023. Image source: Getty Images U.S.

Debt

Debt Financing Finance Assets

HarbourView secures $500m in debt financing from KKR

Private Equity Wire

MARCH 13, 2024

HarbourView Equity Partners, an alternative asset management firm focused on investments in the sports, media and entertainment space, has secured approximately $500m in a debt financing led by global investment firm KKR. HarbourView Equity Partners was established in 2021 and currently has $1.6bn in regulatory managed assets.

Finance

Finance Financing Debt Asset Management

HIG Capital seeks $655m of debt financing

Private Equity Wire

MARCH 14, 2024

Goldman Sachs Asset Management and Sixth Street Partners are leading a $655m debt financing 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. The term loan carries an interest rate of around 5.25

Finance

Finance Financing Debt Capital

Private debt will be first asset class to be tokenised and routinely traded, says GDF

Private Equity Wire

JULY 11, 2024

Major financial institutions believe private debt will be the first asset to be tokenised and routinely traded digitally, according to new global research conducted by industry association Global Digital Finance.

Assets

Assets Debt Collateral Financial Institutions

Dechert adds fund finance Partner in London

Private Equity Wire

OCTOBER 1, 2024

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.

Finance

Finance Financing Hedge Funds Funds

White & Case adds Partner to global debt finance practice

Private Equity Wire

FEBRUARY 2, 2024

Global law firm White & Case is expanding its global debt finance practice and has appointed Lauren Winter, who has joined from Shearman & Sterling where she was Counsel, as a Partner in London. White & Case has dedicated bank lending, private credit & direct lending and borrower finance teams.

Finance

Finance Financing Leveraged Buyouts Debt

Infranity launches Enhanced Return Debt Fund with over €1.5bn in commitments

Private Equity Wire

SEPTEMBER 6, 2024

Infrastructure investment specialist Infranity has launched its commingled Enhanced Return Debt strategy which, together with co-investments, has already exceeded half of its target, reaching €1.585bn in capital commitments. In line with Infranity’s operating model capital deployment has been taking place at pace.

Debt

Debt Returns Pension Funds Funds

Apollo looking to double assets by 2029

Private Equity Wire

OCTOBER 2, 2024

Global private investments firm Apollo Global Management has set its sights on doubling its assets under management to $1.5tn by 2029, positioning itself as a major player in global debt underwriting, according to a report by the Financial Times. We are just at the beginning of this trend.”

Assets

Assets Leveraged Buyouts Private Equity Firms Private Equity Firms

Luxembourg private debt market expands by 51%

Private Equity Wire

NOVEMBER 30, 2023

According to the annual KPMG Private Debt fund survey commissioned by the Association of Luxemburg Fund Industry (ALFI), the country’s private debt market expanded by 51%, with Assets under management rising to €404.4bn, compounding last year’s AuM growth of 45.4%.

Debt

Debt Financing Finance Taxes

Inter Milan facing Oaktree debt deadline

Private Equity Wire

MAY 20, 2024

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.

Debt

Debt Collateral Liabilities Asset Management

Asset-based debt among top private credit opportunities, says KKR

Private Equity Wire

NOVEMBER 1, 2023

The booming $1.6tn private credit market has largely been powered by corporate lending to date, but KKR & Co says investors are beginning to pour money into other niches — particularly asset-based debt, according to a report by Bloomberg. Direct lending is unlikely to grow as fast because it’s grown so much already.”

Assets

Assets Debt Financing Finance

Thoma Bravo’s Quorum Software secures cheaper debt amid high lender demand

Private Equity Wire

NOVEMBER 20, 2024

Quorum Software, a provider of oil and gas industry software, and a portfolio company of PE firm Thoma Bravo, has successfully refinanced its debt at more favourable terms due to overwhelming interest from private credit lenders, according to a report by Bloomberg. The loan carries an interest rate of 4.75 cents on the dollar.

Debt

Debt Asset Management Financing Finance

Apollo makes move into bank-dominated high-grade debt market

Private Equity Wire

SEPTEMBER 16, 2024

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.

Banks

Banks Debt Leveraged Buyouts Buyout

London-listed ICG raises $1.9bn for North America private debt fund

Private Equity Wire

SEPTEMBER 20, 2024

UK-listed Intermediate Capital Group (ICG) has secured $1.9bn for the latest iteration of its North America-focused private debt strategy, the North American Credit Partners Fund III, which is 50% larger than its predecessor and has already made four investments, according to a report by CityWire.

Debt

Debt Funds Earnings Before Interest Depreciation

Arevon and Blackstone Credit & Insurance Close $350 Million Preferred Equity, Debt, and ITC Transfer Financing for Condor Energy Storage Project

Blackstone News

FEBRUARY 13, 2024

Transaction showcases Arevon and Blackstone’s strategic approach to financing clean energy projects through a combination of preferred equity, tax credit transfers, and debt NEW YORK and SCOTTSDALE, Ariz. The financing includes a commitment from Stifel Financial Corp. February 13, 2024) – Arevon Energy, Inc.,

Financing

Financing Finance Debt Taxes

Carlyle provides financing for GIP’s acquisition of Lanes Group

Private Equity Wire

NOVEMBER 4, 2024

Global investment firm Carlyle has provided a financing package of £205m to support the acquisition of Lanes Group, one of the UK’s leading providers of water and wastewater services, by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.

Finance

Finance Financing Debt Assets

Ninety One’s Emerging Africa Infrastructure Fund secures $294m debt facility

Private Equity Wire

MARCH 8, 2024

Allianz Global Investors led the financing on behalf of insurer and asset manager giant Allianz Group, committing €75m and $50m to EAIF. Allianz Global Investors led the financing on behalf of insurer and asset manager giant Allianz Group, committing €75m and $50m to EAIF.

Debt

Debt Funds Asset Management Financing

MiB: Elizabeth Burton, Goldman Sachs Asset Management

The Big Picture

SEPTEMBER 16, 2023

This week, we speak with Elizabeth Burton , managing director and client investment strategist at Goldman Sachs Asset Management. She earned her finance MBA in econometrics and statistics from the University of Chicago. Previously, he was at Pequot Capital Management managing distressed debt strategy.

Asset Management

Asset Management Assets Debt Financing

PGIM Private Capital provides $7.5bn of senior debt and junior capital globally in H1

Private Equity Wire

JULY 17, 2024

PGIM Private Capital, the private capital arm of Prudential Financial $1.34tn global investment business PGIM, provided $7.5bn of senior debt and junior capital to more than 130 middle-market companies and projects globally in H1 2024. The first half of 2024 has been more stable for issuance than the same period last year.

Capital

Capital Debt Deal Flow Financing

Eurazeo raises €3.2bn for private debt

Private Equity Wire

DECEMBER 1, 2023

Adding in the €900m raised from retail investors, the total scale of Eurazeo’s Private Debt program reaches €3.2bn Since its inception, the program is already over 70% deployed. Eurazeo’s Private Debt strategy now accounts for over 20% of its assets under management.

Debt

Debt Financial Services Financing Finance

Windrose Technology Completes US$110M Series B Financing

FinSMEs

APRIL 11, 2024

Backers included HITE Hedge Asset Management, Goodman Group (ASX:GMG), and others.

Finance

Finance Financing Asset Management Assets

Blue Owl leads $3.2bn private debt deal for Smartsheet acqusition

Private Equity Wire

SEPTEMBER 25, 2024

Blue Owl Capital Inc is leading a $3.2bn private debt financing to support the acquisition of Smartsheet Inc by Blackstone Inc and Vista Equity Partners for $8.4bn, with participation from 20 other lenders, according to a report by Bloomberg. and Brigade Capital Management. and Brigade Capital Management. The deal was priced at 6.5

Debt

Debt Liabilities Financing Finance

Blackstone Says Private Credit Is Coming for Asset-Based Debt

Blackstone News

OCTOBER 2, 2023

Rob Camacho, Blackstone’s Co-Head of Asset Based Finance, spoke with Bloomberg about the growing focus on asset based finance within private credit. The post Blackstone Says Private Credit Is Coming for Asset-Based Debt appeared first on Blackstone.

Assets

Assets Debt Financing Finance

CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI

Blackstone News

AUGUST 3, 2023

billion debt financing facility. billion debt financing facility. The new financing will be used to add to its fleet of high-performance compute to serve its customers, open new data centers, and add to CoreWeave’s world class staff. “AI About Blackstone  Blackstone is the world’s largest alternative asset manager.

Debt

Debt Financing Finance Capital

Private debt firm Revolution recruits BofA banker

Private Equity Wire

OCTOBER 25, 2023

Revolution Asset Management (Revolution), a Sydney based private debt investor, has hired Prateek Joshi, a Sydney-based Vice President in Bank of America’s (BofA) asset backed securities division, according to a report by the Financial Review.

Debt

Debt Asset Management Financing Finance

Navigating Finances Together: A Guide for Newlyweds and Engaged Couples

Walkner Condon Financial Advisors

APRIL 26, 2024

Whether you are engaged or have recently married, developing a plan to combine finances with your partner can significantly reduce finance-related stress down the road by promoting transparency and simplicity in your relationship. What about debt? Combining finances with your new or soon-to-be spouse can seem daunting at first.

Finance

Finance Financing Accounting Education

Blackstone Real Estate Debt Strategies Acquires $1.0 Billion Performing Senior Mortgage Loan Portfolio from Deutsche Pfandbriefbank (PBB)

Blackstone News

MAY 28, 2024

LONDON, UK – May 28, 2024 – Blackstone Real Estate Debt Strategies (“BREDS”) today announced the closing of the acquisition of a $1.0 The portfolio comprises 11 loans secured against performing multifamily, office and hospitality assets across the U.K. The portfolio of senior mortgage loans was originated by PBB.

Debt

Debt Portfolios Legal Financial Institutions

CDPQ, Ares and Schroders to Finance Growth in Vantage Data Centers EMEA

Pension Pulse

MAY 16, 2024

Razak Musah Baba of IPE Real Assets reports Vantage Data Centers EMEA to expand with €750m from Ares, CDPQ and Schroders: Vantage Data Centers is expanding its EMEA platform with €750m financing from Ares Management, Caisse de depot et placement du Quebec (CDPQ) and Schroders Capital.

Finance

Finance Financing Debt Due Diligence