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Investmentbanks, 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.
Insight Partners, Blackstone, and Clearlake Capital, the joint owners of Diligent Corporation, are considering strategic options for the corporate governance software provider, including a potential sale that could value the business at around $7bn, including debt, according to a report by Reuters.
Investing $100,000 in the three ultra-high-yield BDCs discussed below could generate $10,000 of passive income for your portfolio this year. Hercules Capital: 11.5% dividend yield Hercules Capital (NYSE: HTGC) is a prominent BDC that lends money to companies in the technology, life sciences, and energy sectors. Ares Capital: 9.6%
Hercules Capital Hercules Capital (NYSE: HTGC) is a business development company (BDC). Ares Capital Another prominent BDC is Ares Capital (NASDAQ: ARCC). Unlike Hercules, Ares doesn't typically work with high-profile tech companies that have raised funds from venture capital firms. Image source: Getty Images.
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. Competition between banks and direct lenders is reaching a fever pitch in other deals, too.
is looking to raise over $10bn across two private loan funds in Europe and the US, according to people with knowledge of the matter, as the firm seeks to further capitalize on the growth of private credit. and HPS Investment Partners are increasingly able to write larger cheques for borrowers as their coffers swell. Blackstone Inc.
Leveragedbuyout financings accounted for almost half (42%) of all UK transactions in H1 2024, compared with just 29% in H1 2023, according to the latest MidCapMonitor report by global investmentbank Houlihan Lokey.
Private credit lenders and banks are vying to offer debt financing for a potential acquisition of US education software provider PowerSchool Holdings, according to a report by Bloomberg citing people with knowledge of the matter. Banks are also said to be offering competing packages that include a smaller amount of debt and preferred equity.
Hercules Capital: 9.5% dividend yield Hercules Capital (NYSE: HTGC) specializes in high-yield loans to start-ups that have raised funding from venture capitalists in the technology, healthcare, and energy sectors. Ares Capital: 9.3% Data source: Ares Capital. Should you invest $1,000 in Hercules Capital right now?
Hercules Capital: Dividend yield 10.5% Hercules Capital (NYSE: HTGC) is a BDC that invests in technology, life sciences, and sustainable energy businesses. The company typically supports start-ups that have raised funding from venture capital or private equity firms and are looking to augment the balance sheet with some debt.
Investing $100,000 (split evenly) across these three leading BDCs could add $10,000 of dividend income to your portfolio this year. Hercules Capital: 10.3% dividend yield Hercules Capital (NYSE: HTGC) is a BDC that focuses on technology, life sciences, and sustainable energy businesses. Ares Capital: 9.6%
Winter focuses on cross-border and UK acquisition finance and restructurings, advising investmentbanks, alternative credit providers, corporate borrowers and private equity sponsors on various debt capital structures in the European large-cap and mid-cap markets.
Lately, much attention has been lavished on Ares Capital, the unit created in 2004 to provide financing for middle-market acquisitions, recapitalizations, and leveragedbuyouts. The Ares portfolio is diversified across 466 borrowers backed by 222 private equity sponsors that invest in those borrowers’ equity.
Dee Kuchukulla (New York) guides leading private equity sponsors and their portfolio companies on an array of complex transactions, from leveragedbuyouts and sales to carve-outs, cross-border deals, joint ventures, and take-privates across industries. She brings a deep understanding of technology and consumer brands.
Menlo Park, CA and Birmingham, AL – May 4, 2023 – Oak Hill Capital (“Oak Hill”) has committed $150 million in primary capital to Lit Communities (“Lit”) to further fund and accelerate the construction of Lit’s fiber-based network in unserved and underserved communities across the United States. Stephens Inc.
Prior to joining JMI, Larry was an analyst in the multi-industries group in the investmentbanking division at Merrill Lynch & Co. Suken is responsible for sourcing and evaluating investment opportunities as well as providing strategic and operational support to portfolio companies. Suken Vakil , Partner, joined JMI in 2012.
For decades the private equity model seemed unassailable, transforming the industry’s image from Barbarians at the Gate to crucial pillar of capitalism. Many were acquired at the buyout boom’s zenith in 2021 and 2022, and often paid for by piling them up with floating-rate debt. Surging borrowing costs have stalled that engine. “On
He also spent time at Sebus and More Capital before launching his own firm in 2001. And proprietary trading is using the firm capital to kind of buy it and also to distribute it, to syndicated it more broadly at the same time. That whole distressed debt department at city 00:06:31 [Speaker Changed] Banks are wanting to sell?
And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investmentbanks. There was no m and a departments in any investmentbank really until the very late seventies. And I was fortunate to be accepted to both.
The transcript from this week’s, MiB: Steven Klinsky, New Mountain Capital , is below. Eventually, Steve takes his experience and knowledge and stands up his own firm, New Mountain Capital, which is one of the largest private equity shops in the world. KLINSKY: In 1979, it was the first leveragedbuyout of a public company.
The transcript from this week’s, MiB: Armen Panossian, Oaktree Capital Management , is below. Armand Posiion is head of performing credit at Oaktree Capital Management, where he works with the likes of, of Bruce Kosh and Howard Marks. We returned a lot of capital. Another extra, extra special guest. The sector was perfect.
UK sponsor-backed financing activity experienced a modest slowdown in Q3 2024, as ongoing M&A sluggishness and seasonal dynamics impacted deal flow, according to the latest data from global investmentbank, Houlihan Lokey.
AGL Credit Management, Barclays private credit partner, has struggled to attract fresh investor capital nearly a year after announcing its strategic partnership with the bank, dampening expectations that the tie-up would bolster Barclays ability to compete in the $1.6tn private credit market, according to a report by the Financial Times.
The transcript from this weeks, MiB: Sunaina Sinha, Global Head of Private Capital with Raymond James , is below. Sina Sinha is the global head of Private Capital Advisory group for Raymond James. Ena has a unique perch in the world of not only venture and angel investing, but most especially private equity and private capital.
Then all of a sudden it would not be an appropriate place for fiduciary capital. You know, it was sort of not considered an appropriate place to invest that kind of capital. He was running the h and q investmentbank, and then Roger was my next door neighbor and very good friends with Jim. Sounded wonderful.
billion) funds approach to investing. After nearly 20 years in investmentbanking, at Deutsche Bank and then Credit Suisse, in 2013 he moved to Borealis, OMERS infrastructure arm, to run infrastructure globally and then head the capital markets team. And hes used that vast and varied experience to revamp the C$138.2
So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveragedbuyouts. And I also spent a year there, working for the chief credit officer at GE Capital, learning all the different business lines at GE Capital. RITHOLTZ: So, you go from GE Capital to Lazard next.
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