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Warburg Pincus, a leading private equity firm managing approximately $86bn in assets, has no immediate plans to pursue an initial public offering (IPO), according to a report by Reuters quoting CEO Jeffrey Perlman at the Reuters NEXT conference in New York on Tuesday. It was a tough vintage, Perlman said.
are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveragedbuyout of the year so far, according to the people, who asked not to be identified discussing the transaction.
Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveragedbuyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg.
. “The industry’s resilience and flexibility are filling market gaps and providing customized financing solutions. Private credit has become indispensable for businesses seeking financing, and is increasingly becoming their preferred option.” Over the past decade, private credit managers have raised nearly $1.3
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% dividend yield Another leading BDC is a major competitor to Hercules called Horizon Technology Finance (NASDAQ: HRZN). Image source: Getty Images.
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. In every market, banks are being asked to do less, and investors are being asked to do more.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveragedbuyout vehicle for the region, has deployed over A$1.04 Ares Management Corp. has raised A$2.6 billion ($1.7
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.
Hayfin manages over €30bn in assets. The buyout attracted interest from the likes of MetLife and Todd Boehly’s Eldridge Industries. Hayfin’s management had previously considered selling the entire business but ultimately decided to explore a self-funded buyout as BCI sought to exit.
Global law firm Goodwin has appointed Ian Keefe and George Weavil as Partners within the firm’s private equity practice in its London office, which covers M&A, private investment funds and debt finance.
Leverage levels in private credit will increase as alternative asset managers’ rapid capital deployment in turn increases their share of the private credit market, according to a private credit research report by Moody’s Investor Services.
Hercules is different from a typical bank as it tends to offer more flexible financing options. The company specializes in more complex transactions such as leveragedbuyouts , for example. New England Asset Management (NEAM) is a subsidiary of Berkshire, and one of its positions is none other than Ares.
Ehsani originally focused on purchasing life insurance policies, but is now playing a pivotal role in Apollo’s push to fund major multinational corporations as the firm’s Global Head of Principal Structured Finance.
Horizon Technology Finance: Dividend yield 11.4% In the world of technology-focused BDCs, Horizon Technology Finance (NASDAQ: HRZN) is one of the closest peers to Hercules. By contrast, Ares has the ability to complete much more sophisticated deals, including leveragedbuyouts. dividend yield.
The highly anticipated €16bn ($17.36bn) acquisition of Sanofi’s consumer health unit by buyout firm Clayton, Dubilier & Rice (CD&R) could signal a surge in large private equity deals across Europe, according to a report by Bloomberg citing comments from investors and analysts.
It has vaulted to the top rungs of the alternative-asset management world by focusing on what it does best: private credit. Yet, like its peers, Ares feels compelled to diversify into other asset classes, such as real estate, infrastructure, and private equity. Ares Management Corp. billion last year.
His practice focuses on advising private equity firms and other financial institutions on transactions including leveragedbuyouts, venture and growth capital investments, joint-ventures and co-investments, opportunistic and distressed acquisitions, take-privates and carve-outs, across the investment lifespan through to exit.
Bain Capital Credit’s Private Credit Group invested in 30 businesses across 15 industries in H1 2023, supporting the refinancing, leveragedbuyout, and add-on acquisition activity of both new and existing portfolio companies. Like this article?
PARTNER CONTENT By Lou Gueroeva Private Equity Business Development Lead, Zanders In the modern private equity (PE) landscape, there is a growing shift from traditional financial engineering towards operational value creation, with treasury and finance optimization becoming key drivers of sustainable returns.
Our cross-asset approach, bolstered by our extensive experience in credit and equity derivatives, is a unique aspect of our offering. A: Drakai Capital is among a very select group of firms with a pure-play, market-neutral, and cross-asset quantitative credit strategy. markets.
Conversely, while far smaller in number, weak performers cannot access the positive market trends prevalent in the first half of 2024 as demand for heightened risk and underperforming assets was absent. Leveragedbuyout volumes remained down from historical highs in Q2 2024, as did EBITDA purchase price multiples, which decreased from 11.5x
PE firms adding hedge funds to approved lender lists Submitted 16/08/2023 - 11:22am Private equity firms, including buyout major KKR & Co, are beginning to add hedge funds to their 'white lists' of approved lenders used to arrange funding for leveragedbuyout deals, according to a report by Bloomberg. billion ($1.6
The decision to acquire DIF, which was founded in 2005, and manages €16bn in assets, comes as the CVC's traditional buyout rivals, including Blackstone and Apollo, have established themselves as diversified asset managers. The transaction is subject to regulatory and other consents and is expected to close in Q4 2023 or Q1 2024.
The decision to acquire DIF, which was founded in 2005, and manages €16bn in assets, comes as the CVC's traditional buyout rivals, including Blackstone and Apollo, have established themselves as diversified asset managers. The transaction is subject to regulatory and other consents and is expected to close in Q4 2023 or Q1 2024.
Types of Alternative Investments Alternative investments are non-traditional investment options that offer diversification, unique opportunities and potential higher returns beyond conventional asset classes like stocks and bonds. between 2015 and the end of 2021.
Types of Alternative Investments Alternative investments are non-traditional investment options that offer diversification, unique opportunities and potential higher returns beyond conventional asset classes like stocks and bonds. between 2015 and the end of 2021.
Credit crusaders fill the wall street void Submitted 27/06/2023 - 1:54pm This article first appeared in the March 2023 T ech Buyouts Insights Report Private credit funds could become a more permanent fixture in tech’s leveragedbuyout market thanks to their speed of execution and reliability, especially in challenging macroeconomic conditions.
4 To discuss the opportunities in this rising asset class and how to navigate the benefits and challenges of higher-for-longer rates, I welcome, as indicated below, the perspectives of Jonathan Bock, Co-CEO of Blackstone’s Business Development Companies (BDCs) and Global Head of Market Research for Blackstone Credit. All rights reserved.
They run over $27 billion in, in assets. Were you always thinking about going into finance? What, what was it that made you say, Hey, this finance thing looks like it’s fun and interesting? But there wasn’t an active m and a business, there wasn’t a leveragedfinance business.
They do everything from hard assets like real estate, infrastructure, aircraft, power plants, to private debt, event driven opportunities. So, is it, is it safe to say finance was always in the career plans? 00:02:24 [Speaker Changed] Finance and business was always in the career plans. Oh, 00:02:22 [Speaker Changed] Gosh, yes.
And what was interesting was the first leveragedbuyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveragedbuyout of a public company. We had sold the family business, maybe buy another family business one day through a leveragedbuyout.
I wanna say it’s about $179 billion in client assets. You’ve probably heard some aspects of this from the various interviews I’ve done with Howard Marks talking about the distressed asset fund they set up in 2007. That had mismatched assets. It’s not an asset that other creditors can go after.
KKR, the Canada Pension Plan Investment Board (CPPIB), and Axel Springer CEO Mathias Döpfner are working to secure approximately €4bn ($4.2bn) in debt to finance a strategic separation of the German media giant’s classified ads businesses from its news operations, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the new fund will provide senior secured loans to finance European leveragedbuyouts.
Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveragedbuyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveragedbuyouts to generate some of that growth.
This week, we speak with Steven Klinsky, founder and CEO of New Mountain Capital , which runs over $37 billion in assets under management. He also explains how Forstmann Little was the white shoe alternative to the firms doing junk bond financing. Klinsky is also the founder of Modern States.
We’re seeing a slow-grinding implosion of this titanic asset bubble that started in 2012,” says Dan Zwirn, CEO at Arena Investors. estimates private-market assets were $13.1 Apex Group, a provider of services to asset managers, has just refinanced a slug of debt with a $1.1 McKinsey and Co. trillion at the end of June 2023.
.” Industries : Healthcare, Technology, Distribution, Financial Services, Industrials Visit Fulcrum’s Profile “Gen Cap America (GCA) is a private equity firm headquartered in Nashville, Tennessee that specializes in leveragedbuyouts of privately held lower-middle market businesses.
also served as debt financing advisor. About Brookfield Infrastructure Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Deutsche Bank Securities Inc.
Private credit lenders are in discussions to provide $4.5bn in debt financing for Sycamore Partners potential buyout of Walgreens Boots Alliance, as part of a plan to break up the pharmacy chain into separate business units, according to a report by Bloomberg.
Carlyle Group is aiming to accelerate the pace of initial public offerings (IPOs) and asset sales in 2025, targeting $4bn to $5bn in exits from its private equity portfolio, in line with last years divestments, according to a report by Reuters.
dollar-denominated assets, which benefited from a strengthening U.S. Performance of the Base and Additional CPP Accounts The base CPP account ended its second quarter of fiscal 2024 on September 30, 2023, with net assets of $546 billion, compared to $547 billion at the end of the previous quarter.
One, two, there was a theory that these businesses had volatile cash flows and therefore couldn’t be leveraged, which was the, you know, the whole point of leveragedbuyouts. If you didn’t understand how the semiconductor worked, if you didn’t understand how the software was built. Optical, this telecom that.
MORGENSON: Well, I sort of worked my way up, if you can call it that, to writing their personal finance column, which nobody read, by the way. RITHOLTZ: Now that we have gender parity in finance, thank you. Or should this be kept out of private asset allocators’ hands? RITHOLTZ: They’re financers, I’m sorry.
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