Private Equity Wire

JULY 19, 2023

Secondary managers bullish on deal flow, says Investec survey Submitted 19/07/2023 - 10:56am Managers of private equity secondary funds are bullish on deal flow for the remainder of 2023 and have continued appetite for debt, despite soaring interest rates, according to a new research conducted by banking and wealth management group Investec.

Deal Flow 52

Deal Flow Financing Finance Debt 52

The Motley Fool

FEBRUARY 27, 2025

The park meaningfully underperformed expectations and will require significant ongoing capital infusions to service the non-recourse debt and property operations. The RV property underperformed expectations that would have required an ongoing capital infusion to service the non-recourse debt and property operations. at the midpoint.

Education 130

Education Debt Assets Capital 130

Private Equity Wire

JANUARY 26, 2024

Benefit Street Partners (BSP), a credit-focused alternative asset manager with approximately $75bn in AUM and a subsidiary of Franklin Templeton Investments, has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7bn of capital.

Funds 98

Funds Deal Flow Debt Asset Management 98

Private Equity Wire

DECEMBER 5, 2024

Firms have adopted measures such as hedging strategies (74%), fixed-rate debt products (55%), and debt maturity management (47%) to mitigate the impact. Recent rate cuts have already led to increased deal activity, but further reductions are needed to sustain this momentum.”

Professional Services 97

Professional Services Deal Flow Debt Financing 97

Private Equity Wire

FEBRUARY 13, 2024

IAIM aims to leverage the origination and proprietary deal flow capabilities of Investec’s direct lending team to deliver private market investment solutions for investors. IAIM is the manager of Investec Private Debt Fund I, which raised €165m in 2020 and upsized by 50% in 2022 to €250m.

Deal Flow 98

Deal Flow Investing Leveraging Debt 98

The Motley Fool

MAY 3, 2024

billion of transaction volume was driven by strong debt brokerage volume of $3.3 Our clients need capital, and our debt brokerage team did a fantastic job finding the appropriate capital for their needs. million premium write-off from the refinancing of acquired debt, and a $7.5 billion, up 40% year over year.

Debt 130

Debt Banks Assets Capital 130

Pension Pulse

JANUARY 10, 2024

According to Preqin data, global Private Debt AUM has grown from just $310 billion in 2010 to an estimated $1.5 With this context as a backdrop, we chatted with Andrew Edgell, Senior Managing Director & Global Head of Credit Investments at CPP Investments about how he sees private debt faring in the credit cycle ahead.

Debt 59

Debt Investing Banks Private Equity Firms 59

This is going to be BIG.

FEBRUARY 21, 2021

Here’s a similar chart when it comes to student debt: What you’re seeing here is the result of lots of systematic racial and gender inequity that happens even before the venture capital process starts. This is lazy, sexist, and racist—and also stupid because it has no provable impact on deal flow quality.

Venture Capital 180

Venture Capital Deal Flow Startups Capital 180

The Motley Fool

AUGUST 4, 2023

These investments were offset by increased repayments we received on several debt investments and the full exit of our investments in two lower middle market portfolio companies. Our private loan investments are typically first lien debt investments with attractive yield profiles in favorable terms.

Capital 147

Capital Asset Management Securities and Exchange Commission (SEC) Assets 147

Private Equity Wire

FEBRUARY 26, 2024

The team will continue to partner with companies and businesses in need of transitional capital and provide flexible debt and non-control equity solutions to both private and public companies. The opportunistic credit team will be led by Aaron Rosen and Craig Snyder, who serve as Co-Portfolio Managers of special opportunities.

Deal Flow 75

Deal Flow Leveraging Public Companies Debt 75

The Motley Fool

APRIL 24, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%.

Debt 130

Debt Leveraging Capital Financing 130

The Motley Fool

JULY 14, 2023

We expect our acquisition of Kreos Capital to close in the third quarter of this year, adding venture debt capabilities and further bolstering BlackRock's global credit franchise. In May, we capitalized on the improved conditions for debt issuance, issuing 1.25 billion of 10-year debt at a coupon of 4.75%.

Asset Management 130

Asset Management Assets Banks Debt 130

The Motley Fool

NOVEMBER 6, 2024

On the debt initiative, we are targeting a $2 billion reduction in long-term debt as part of that aspect of our plan. The overall deal is long-term accretive to FFO per share. We will be able to refinance high-cost debt at Washington Square and aggressively pursue redevelopment plans for Los Cerritos. Regarding holiday.

Debt 130

Debt Assets Portfolios Leveraging 130

The Motley Fool

FEBRUARY 23, 2024

Most notably and uniquely, our lower middle market strategy provides attractive leverage points and income yields on our first linen debt investments are also creating a true partnership with the management teams and other equity owners of our portfolio companies through our flexible and highly aligned equity ownership structures.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

JULY 24, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations, or core FFO; adjusted funds from operations, or AFFO; and net debt to recurring EBITDA. times net debt to recurring EBITDA, providing us with unparalleled optionality as we continue to execute on our pipeline. During the quarter, we sold over 3.2

Debt 130

Debt Capital Assets Asset Management 130

Pension Pulse

JULY 3, 2024

Maintaining the portfolio’s size, and growing it further, requires stepping up from the small-cap investments made at the beginning and developing large-cap partnerships and deal flow out of New York. The typical four- to five-year tenor of a private debt deal means around 20 per cent of the portfolio is in perpetual motion.

Portfolios 59

Portfolios Due Diligence Pension Funds Debt 59

The Motley Fool

APRIL 18, 2024

The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7 Borrowing spreads have tightened significantly and the availability of debt capital has increased significantly. billion to shareholders over the past 12 months through dividends and share repurchases.

Assets 130

Assets Debt Banks Capital 130

Pension Pulse

MAY 8, 2024

Fair enough, Asia is a tough place to do business, not just for CDPQ but for other large Canadian pension funds disappointed with the deal flow and more the size of the deals coming out of there. Zvan also discusses why private equity, debt and infrastructure investments in Canada are some of the top holdings in UPP's portfolio.

Pension Funds 64

Pension Funds Financing Finance Deal Flow 64

The Motley Fool

OCTOBER 23, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. times pro forma net debt to recurring EBITDA. Proforma for the settlement of our outstanding forward equity, net debt to recurring EBITDA was approximately 3.6

Debt 130

Debt Capital Leveraging Assets 130

Axial

SEPTEMBER 26, 2024

Vladimir Andonov , Martis Capital – What are the biggest hurdles in closing healthcare deals in today’s market? Deal Flow & Valuations Do you anticipate that deal flow in the healthcare industry will stay the same, increase, or decrease over the next 12 months?

Deal Flow 52

Deal Flow Capital Financing Finance 52

The Motley Fool

OCTOBER 17, 2024

We have one of the largest, if not the largest, businesses in direct lending, CLOs, real estate debt and private investment grade credit. We will soon complete fundraising for a number of our flagship vehicles, including corporate private equity, private equity, energy transition, European real estate and real estate debt.

Debt 130

Debt Management Fees Assets Financing 130

Pension Pulse

JANUARY 12, 2024

BlackRock has a broad network of global corporate relationships as a long-term investor in both their debt and equity. The over $150 billion combined business will seek to deliver clients market-leading, holistic infrastructure expertise across equity, debt and solutions at substantial scale.

Pension Funds 59

Pension Funds Debt Exchange-Traded Funds Assets 59

The Motley Fool

JULY 26, 2023

Our $518 million development pipeline will generate meaningful NOI as it delivers and stabilizes and our balance sheet is strong with ample liquidity to fund the remainder of our development spending and all debt maturities until 2026. 1 bullet in terms of either paying down debt or funding development, etc.? That's really helpful.

Prospects 130

Prospects Debt Law Firms Banks 130

Pension Pulse

APRIL 25, 2024

Big buyers of the senior tranche — typically more than 60 per cent of the instrument’s structure — had backed off for a while, given their ability to lock in rich yields from more vanilla debt instruments. As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

Pension Pulse

AUGUST 24, 2023

gain, helped by stocks and private debt: CalPERS swung to a 5.8% gain in its latest fiscal year as the stock market rally and private debt buoyed the largest traditional public pension fund in the United States. on private debt, as private equity slipped 2.3%, real assets dropped 3.1% The results were mixed.

Pension Funds 52

Pension Funds Debt Assets Banks 52

Pension Pulse

MAY 14, 2024

CLO equity — a small slice of the resurgent market for CLOs that bundle leveraged loans into bonds with varying safety ratings — is actually a form of deeply subordinated debt. As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said.

Pension Funds 59

Pension Funds Collateral Funds Hedge Funds 59

The Motley Fool

FEBRUARY 8, 2024

billion in debt was at fixed rates and our net funded debt to annualized adjusted normalized EBITDA was 4.96 And one other question about the debt investments, though, $167 million, and we are discussing the makeup between the loan and acquisition volumes. As of year end, 99% of our $5.1 So, let me try to address them all.

Investors 130

Investors Assets Banks Capital 130

The Motley Fool

FEBRUARY 15, 2024

The weighted average debt service coverage ratio of the at-risk portfolio remains over two times, the underwritten loan to value was just over 60%, and only $3.4 As it relates specifically to the maturing loans, the weighted average debt service coverage ratio of those loans is also over two times and only 12% are floating rate loans.

Debt 100

Debt Financing Finance Banks 100

The Motley Fool

MAY 9, 2024

Our goal continues to be to deliver operating cash flow conversion of 50% to 60% over a multiyear period, which we expect to achieve for full year 2024. As of March 31, we had a cash balance of $587 million, total debt of $4 billion, and net debt of $3.4 Our weighted average cost of debt was 4.5%

Bidding 130

Bidding Banks Capital Legal 130

The Motley Fool

AUGUST 8, 2023

Our buyers are doing a fantastic job partnering with suppliers, and we are seeing healthy deal flow across categories. million due to the impact of higher interest rates on our variable cost debt, partially offset by a reduction in average borrowings outstanding versus the prior year. and gross profit increased 16.9%

Banks 100

Banks Deal Flow Education Debt 100

The Motley Fool

NOVEMBER 7, 2024

We will continue to invite a balanced and disciplined approach to returning cash to shareholders through both debt repayment and share repurchase. Net debt to adjusted EBITDA improved to 2.3 Consistent with what we shared last quarter, we plan to address our $161 million of 2025 convertible notes with available cash and cash flow.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Accounting Debt 130

The Motley Fool

MAY 3, 2024

billion in debt was at fixed rates. And our net funded debt to annualized adjusted normalized EBITDA was 5.03 We don't really toggle a dollar amount to that number of deals, but it's substantial. And quite frankly, there's just a lot of deals flowing in at the moment so I would say very active. Turning to guidance.

Investors 130

Investors Assets Capital Portfolios 130

Udu

MAY 31, 2023

This could lead to a decrease in this type of buyout, as buyers may not be able to finance their acquisitions with debt. Ample dry powder and a track record of returns in 2022, despite the slowdown in deal flow, continue to draw healthcare-specific funds.

Leveraged Buyouts 52

Leveraged Buyouts Private Equity Firms Private Equity Firms Buyout 52

The Motley Fool

FEBRUARY 15, 2024

We generated $142 million of free cash flow on $109 million of GAAP earnings, a 22% increase versus last year. Cash flow conversion, the percent of income that was converted into operating cash flow, was well above 100% for the quarter. Debt remains low, and debt-to-EBITDA is well below one time on a gross and net level.

Leveraging 130

Leveraging Taxes Capital Banks 130

The Motley Fool

FEBRUARY 18, 2025

We saw that as underwriting activity picked up and they had higher deal flow, they had a higher conversion rate of around 19%. The couple said that having little to no debt and living within their means contributed to their successful and happy marriages. That's a dramatic improvement from around 12% last quarter.

Financing 130

Financing Finance Accounting Debt 130

The Motley Fool

AUGUST 29, 2024

Additionally, in order to give us more runway for the initiatives we've been pursuing, we decided to extend the maturity of our debt to August 2028. The number of joint deals in our pipeline being worked between us and CDW partners has increased from zero to over 60 deals over just the last two quarters.

Leveraging 130

Leveraging Debt Financing Finance 130

The Motley Fool

OCTOBER 11, 2024

The long-term connectors and our relationships span many years as holders of company debt and equity. We've grown our own broader private market private debt business organically and inorganically in recent years. We have a nontraded credit BDC B debt, which are combined to be over $1 billion today. We are not transactional.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130