Remove Deal Flow Remove Leveraged Buyouts Remove Liabilities
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CPP Investments Aims to Double Credit Holdings Over Next Five Years

Pension Pulse

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.

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Transcript: Armen Panossian

The Big Picture

Panossian ] 00:08:19 The liabilities, obviously the hedge funds had redemptions. Now they’re suffering from high rates because they have floating rate liabilities that they never hedged. There were so much for selling from the, something called SIVs, the special investment vehicles, right. That had mismatched assets.

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Transcript: Sunaina Sinha, Global Head of Private Capital with Raymond James

The Big Picture

I was in my early thirties, I didn’t have a mortgage, I didn’t have kids, I had very few liabilities. But also it helped private equity do deals, right? Leverage buyouts requires leverage. And when rates were so low, the leverage went, it was cheap and, and and easily accessible.

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