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.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

Pension Pulse

JULY 11, 2024

NAV lenders sometimes charge interest in the mid to high teens, and some borrowers have used holiday homes, art and cars as collateral. One senior pension fund executive says they try to avoid managers who use NAV as they view it as firms being lazy about exits, adding that they’d prefer to crystallize losses than get distributions this way.

Buyout 59

Buyout Debt Leveraging Pension Funds 59

Pension Pulse

MARCH 13, 2024

Paula Sambo of Bloomberg also reports real-return bonds reap gains for HOOPP: Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the country’s largest pension funds during a turbulent period for fixed-income markets. The pension fund manager’s total assets increased to $112.6-billion,

Pension Funds 59

Pension Funds Liabilities Assets Hedge Funds 59

The Big Picture

AUGUST 15, 2023

And he said, “Well, it has to be this and that “and it has to be collateralized with a letter of credit.” Public pension funds that manage hundreds of billion dollars can be manned by professionals that make $80 to $150,000 a year. ” And I was like, “What?” SEIDES: Yeah. Last two questions.

Hedge Funds 52

Hedge Funds Funds Capital Assets 52

The Big Picture

JANUARY 24, 2023

When we’re talking about a structure of a financing and their senior mezzanine and junk, essentially, that’s the payout order in the event of a bankruptcy. And one thing I tried to say is that private equity has evolved from a form of finance into a form of business. I’ve been in private equity for 40 years now.

Leveraged Buyouts 104

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 104

The Motley Fool

JULY 20, 2023

In fact, virtually all of our drawdown funds we've launched in our history, have been profitable for our investors. Our performance has helped secure retirees' pensions, fund students educations, pay healthcare benefits, and protect and grow the savings of individual investors. banks with an average of 12 times leverage.

Banks 130

Banks Capital Mergers and Acquisitions Shareholders 130

The Big Picture

JUNE 20, 2023

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. MORGENSON: It can be collateralized loan obligations, now it’s big private debt. RITHOLTZ: At Vogue, though.

Private Equity Firms 57

Private Equity Firms Private Equity Firms Financing Finance 57

Pension Pulse

NOVEMBER 10, 2023

Executive announcements Manroop Jhooty was appointed Senior Managing Director & Head of Total Fund Management. Completed a multi-year forward flow agreement with Exeter Finance LLC, a U.S. indirect auto finance company, to acquire up to US$200 million per year in residual certificates of auto loan receivables securitizations.

Investing 59

Investing Buyout Stakes Assets 59

The Big Picture

FEBRUARY 20, 2024

What is the communication like back and forth between the New York Fed and major players in finance, especially in the midst of a crisis like that? ’cause L-I-B-O-R was probably the most important number, certainly in credit, maybe in all of finance. You need to come up with more collateral. I’m sorry.

Banks 57

Banks Stock Market Stock Market Legal 57