Pension Pulse

JULY 11, 2024

Whereas Kleinman went in hard with his warning that “everything is not going to be okay” for buyout firms, Stavros joined in with the concession that his industry may have gotten “too creative” lately. When buyout groups do look to sell, PIKs, NAV loans and other kinds of excess baggage are creating obstacles.

Buyout 59

Buyout Debt Leveraging Collateral 59

Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout 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 leveraged buyouts to generate some of that growth. There’s pent-up demand.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

Pension Pulse

JULY 16, 2024

There are no signs of widespread losses on private loans among major pension funds, and the loans tend to be backed by significant collateral. In May, BCI sold stakes in private equity funds to French buyout firm Ardian for more than US$1 billion.

Pension Funds 64

Pension Funds Buyout Assets Debt 64

The Motley Fool

AUGUST 2, 2024

These investments include the aforementioned buyout of our 51% JV partner and 63 care homes in the U.K. I'm wondering if you could give us some more color just on the buyout of your partner's stake in the Cindat joint venture. I mean it's a fully collateralized loan. The new investments have a weighted average cash yield of 10.4%

Investors 130

Investors Debt Assets Capital 130

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. Precedent Transactions Precedent transactions analysis compares an acquisition opportunity to other companies that have recently been sold or acquired in the same industry.

Due Diligence 40

Due Diligence Best Practices Leveraged Buyouts Collateral 40

The Motley Fool

AUGUST 8, 2023

Floris van Dijkum -- Compass Point Research and Trading -- Analyst Yeah, so, Scott, the question I had was in the IOR expectation for the Seritage JV buyout. Oftentimes, you know, a retailer will be churning through a brand and focusing the reference on different types of brands, and they will come to us and proactively seek a buyout.

Assets 100

Assets Debt Financing Finance 100

Pension Pulse

AUGUST 15, 2024

billion in liquid assets to pay pension benefits, fund investment opportunities, satisfy potential collateral demands related to our use of derivatives, and to fund expenses. Liquidity We continue to maintain ample liquidity, with $23.1 We also have the capacity to borrow an additional $1.9

Pension Funds 59

Pension Funds Assets Liabilities Banks 59

Blackstone

NOVEMBER 16, 2023

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. Those managers experienced in due diligence with sufficient scale to build out funds with higher-quality collateral and low leverage in defensive sectors may be able to provide a better cushion.

Leveraging 52

Leveraging Debt Banks 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. KLINSKY: Yup.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Big Picture

SEPTEMBER 26, 2023

00:19:57 [Speaker Changed] So collateralized loan obligation means that there’s some underlying asset which is used as your collateral, you then break that up into different securities and different tranches and out it goes. That’s an example. That’s an interest rate sensitive asset class.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

Pension Pulse

NOVEMBER 10, 2023

Private Equity Invested US$206 million to acquire positions in two fund-of-fund vehicles that are invested in buyout, growth buyout and venture funds across a wide range of industries, primarily in the U.S. The mandate will target investments in Canadian buyout and growth funds, secondary investments and direct co-investments.

Investing 59

Investing Buyout Stakes Assets 59

Private Equity Wire

OCTOBER 31, 2024

Breaking it down While portfolio financing has predominantly come to be associated with NAV lending into buyout portfolios, that represents just one aspect of the broader landscape. It is a relatively untapped market, which Barings suggests has an annual potential of in excess $200 billion. ”

Financing 93

Financing Finance Portfolios Investors 93

Pension Pulse

NOVEMBER 25, 2024

Northvolt will also have access to about US$145 million in cash collateral. Two buyout funds West Street Capital Partners VII and West Street Capital Partners VIII have $407mn and $346mn invested in Northvolt, respectively. Northvolt is also making preparations in case it fails to raise funds for the future.

Pension Funds 59

Pension Funds Funds Financing Finance 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 Financing Finance 59

The Big Picture

DECEMBER 24, 2024

Listen, if a few kids have to die in order for our profit margin to expand, that’s just a little collateral damage. And Amazon eventually makes a buyout offer to this firm, but they don’t wanna do it because they’re doing so well. There are 00:16:46 [Speaker Changed] All these other products coming in. Toughen up.

Taxes 52

Taxes Startups Companies Mergers and Acquisitions 52