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EG Group aims to use the proceeds to reduce its $9bn debt and fund expansion, with a focus on strengthening its US operations. The public listing will provide the company with greater financial flexibility, enabling it to address its debt while pursuing long-term growth opportunities. The company, co-owned by.
Allianz has closed its global Allianz Private Debt Secondaries Fund (APDS) at 1.5bn (1.26bn), exceeding its initial target size of 500m, according to a report by Alternative Credit Investor.
A consortium of private credit funds, including Antares Capital, Blue Owl Capital, KKR, and Goldman Sachs Asset Management, has agreed to take control of Alacrity. When BlackRock made its investment, Alacrity carried around $1bn in senior debt and $500m in junior debt, financed by Goldman Sachs wealth management division.
The fund, focused on middle-market infrastructure investments, will deploy both structured and common equity to back sponsors, developers, and corporates in sectors where Brookfield has deep expertise. Brookfield-affiliated entities contributed $150m to the fund, reinforcing its alignment with investors. renewable energy developer.
Credit card debt payoff Carrying a credit card balance is like being on a treadmill. As long as you have credit card debt, you'll never get ahead financially. If you have credit card debt, put your other financial goals on hold until it's completely paid off. And if you already have an emergency fund, well done!
Japans Pension Fund Association for Local Government Officials (Chikyoren) has selected four firms two from the US and two from Japan for a global private equity mandate, according to a report by Asia Asset Management. Additionally, it has appointed one firm each from the US and Japan for a global private debt mandate.
Allianz Global Investors closed its Private Markets Credit Opportunities Fund at 1.5bn, exceeding its initial target. The fund aims to provide flexible credit solutions to mid-sized companies across Europe, focusing on direct lending and structured credit investments. The company, co-owned by. The company, co-owned by.
The fund is 33% larger than its predecessor, reflecting strong investor demand for energy transition investments. Brookfield Asset Management is targeting at least $7bn for its fourth infrastructure debtfund, expanding one of the largest strategies in the sector. Read more here. Read more here. Can`t stop reading?
With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, every investor is likely to find one or more securities that'll help them meet their goals. BDCs are a type of business that invests in the equity (common and preferred stock) and/or debt of middle-market companies. billion in debt securities.
GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. The fund aims to generate net returns of 8% to 10% on an unlevered basis, with levered investments expected to deliver around 13%.
OnPay, a prominent provider of payroll, HR, and benefits solutions, has raised over $100m in new funding. The funding comprises a $63m Series B round led by Carrick Capital Partners, with additional backing from AB Private Credit Investors, AllianceBernstein’s middle-market private capital platform, and existing investors.
Small business debt and equity investor Capitala Group has raised more than $1bn for its oversubscribed latest fund and separately managed accounts. The post Oversubscribed fundraise sees Capitala collect over $1bn for small business debt, equity deals appeared first on AltAssets Private Equity News.
BNP Paribas Asset Management has appointed Linda Fodil and Thibault Sartori as Private Debt Investment directors to support its new direct lending strategy. Both will be based in Paris and report to Christophe Carrasco, Head of Private Debt.
I recently paid off some credit card debt, and I know how difficult it can be to tackle the problem head-on. Debt snowball method This method has become a popular way to get out of debt, not just because it works but also because it makes it easy to stay motivated. Here are three tried-and-true strategies to do it.
NIIF CEO Sanjiv Aggarwal outlined the fund’s strategy at a venture capital event in Mumbai, stating that it will focus on performing credit to capitalise on the increasing investor demand for high-yield debt. The funds backers also include global investors such as AustralianSuper and Singapores Temasek Holdings.
Image source: Getty Images If you're struggling with credit card debt, you're not alone. But what if your personal debt load is even larger? But here are some steps you can take to shed that debt -- and stop wasting money on interest. What's your credit card debt costing you?
Image source: Getty Images Credit cards are an expensive form of debt. Well technically, they're tied to the prime rate, which depends on the federal funds rate that is set by the Fed. Let's say you have $10,000 in credit card debt at a 22.49% APR. This is just shy of an all-time high.
Private equity firms are increasingly using continuation funds to extend ownership of portfolio companies. These funds, which saw rapid growth between 2019 and 2021, provide fresh capital to high-potential assets, ensuring continued value creation. Continuation funds are particularly valuable in slower dealmaking environments.
L2 Point Management has announced the closing of its first structured equity fund, L2 Point Opportunities Fund I LP (“Fund I”), with $312 million in capital, exceeding its target.
Six decades ago, his fledgling fund acquired the struggling textile maker Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Visa's business is resilient because it doesn't issue any cards or take on any debt. Those partners handle all the accounts and customer debt, while Visa only charges "swipe fees" of 1.5%-3.5%
However, of the 45 stocks and exchange-traded funds exchange-traded funds (ETFs) Berkshire owns, only one has a dividend yield above 5% -- and it's a stock Buffett has owned for over a decade. Kraft Heinz has paid down a good deal of debt over the last five years, but it still has $19.4 billion in debt.
Global credit investing firm Silver Point Capital has held the final close of its Silver Point Specialty Credit Fund III, which is aimed at providing loans to mid-sized companies, with $8.5bn in total capital commitments. With this latest fund, Silver Point now oversees $35bn in assets across both private and public credit strategies.
According to sources, Musk personally participated in the raise, alongside Darsana Capital Partners, which had previously acquired portions of Xs debt. The company is reportedly considering using part of the proceeds to reduce its remaining debt burden. Neither X nor Darsana Capital Partners have commented on the funding round.
The embattled UK utility, which serves 16 million households and carries nearly 20bn in debt, is aiming to secure billions in new equity by the end of June to stave off insolvency. Among the strongest contenders are KKR, Hong Kong-based infrastructure investor CKI, hedge fund Covalis Capital, and London-based Castle Water.
The proposed debt facility is the first issued under the private credit partnership between Apollo and Citigroup. The Jeppesen sale is part of Boeings strategy to divest non-core assets and reduce its debt burden. The financing is structured as a staple deal, offering covenant-lite terms and a rate of approximately 4.5
BC Partners closed its previous fund, BC Partners Fund XI, in 2022 with 6.9bn in commitments, achieving a net internal rate of return of 16%, according to Bloomberg data. The London-based private equity firm expects to launch fundraising in the second quarter of 2025 and targets a first close by year-end. times invested capital.
DE Shaw & Co, one of the worlds largest hedge fund firms with over $60bn in assets, has raised $1bn for its latest private credit-focused fund, Alkali VI, which will invest in corporate and structured debt as well as synthetic securitisations, according to a report by Bloomberg.
HIG Bayside Capital, the special situations credit affiliate of $55bn global alternative investment firm HIG Capital (HIG), has held the final closing of HIG Bayside Loan Opportunity Fund VII with $1bn of aggregate capital commitments.
in a deal that could exceed $10bn, including debt. Sources familiar with the matter indicate that Brookfield has advanced past rival infrastructure funds and strategic buyers following the submission of final offers last week. The company is currently owned by private equity giant KKR & Co.,
International hedge funds and private equity firms are increasingly investing in Lloyds of Londons tax-exempt investment vehicle, as the 300-year-old UK institution expands its efforts to attract global investors, according to a report by the Financial Times. This has drawn increasing attention from alternative fund managers.
This is one of the most notable talent moves from investment banking to private credit to date, highlighting the growing shift of senior debt market professionals into the private capital space. If finalised, the deal would rank among the largest ever private credit financings, edging out banks that had pitched to refinance the companys debt.
Blackstone has not yet formally mandated the funding. Ownership later transitioned to Bain Capital and Tempus Group, before shifting to Carlyle Group, King Street Capital Management, and Davidson Kempner Capital Management in 2021 following a debt restructuring. The bid for TMA is reportedly valued at under $500m. Can`t stop reading?
The transaction includes debt financing from CIC Ouest and Caisse Rgionale Crdit Mutuel Loire-Atlantique Centre Ouest, alongside participation from Caisse Rgionale de Crdit Agricole Mutuel Atlantique Vende and Caisse d’Epargne et de Prvoyance Bretagne Pays de Loire. Can`t stop reading?
The funding will fuel DRGs expansion, enhancing its technology, data, and product offerings while accelerating its push into the US market. Maven Partners Ryan Bevington and Jeremy Thompson spearheaded the investment from the firms Manchester office, with ThinCats providing senior debtfunding.
But if you're looking for a place to invest $2,000 (or any reasonable amount, really) in this market, I would recommend an exchange-traded fund (ETF) that invests in high-quality businesses. This criterion applies to any of the leading index funds. You can't really go wrong with these legendary funds in the long run.
The refinancing effort includes a bid to raise an additional 40m ($51.93m) in borrowing capacity, which will help fund the companys business plan, alongside discussions to refinance 110m in existing debt. Prospective lenders are expected to engage in talks in the coming days.
This transaction underscores the importance of strategic partnerships between private equity firms and alternative asset managers in funding large-scale deals within critical industries. read more EG Group targets $13bn New York IPO to drive growth and reduce debt EG Group is gearing up for a $13bn IPO on the New York Stock Exchange.
The Canadian waste management company based in Vaughan, Ontario plans to use the proceeds to reduce debt and repurchase shares. read more Fubon Life Insurance to support KKR fund The Taiwanese insurance provider announces a $70m investment in private equity. The business will be sold to private equity firms Apollo and BC Partners.
The transaction values Viridium at 3.5bn, including debt. The deal marks a significant exit for the British buyout firm following heightened regulatory scrutiny of private equity ownership in the insurance sector. T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake. Can`t stop reading?
The post Thoma Bravo seals $3.6bn of firepower for its biggest software-focused credit fund yet appeared first on AltAssets Private Equity News. Software investment major Thoma Bravo has another $3.6bn of credit-focused firepower after closing its third vehicle dedicated to the strategy.
According to sources, the two previous funds in the series each achieved a net internal rate of return of approximately 30%. If successful, the vehicle would extend Oaktrees position in the special situations space, with the new fund exceeding the $3bn raised by its predecessor. The strategy is overseen by Matt Wilson and Jordon Kruse.
Carrying credit card debt High-interest credit card debt can be an easy trap to fall into, especially if you're struggling to make ends meet. Financially literate people know how easily debt can pile up when you're paying 20% interest. That $100 purchase can turn into thousands in credit card debt over time.
Tackle high-interest debt High-interest debt, especially credit card debt, is one of the biggest obstacles to building wealth. Prioritizing debt repayment in your 30s can free up money for things that matter to you, like saving for a home, traveling, or investing.
The report cites Nan Zhang, head of product implementation and alternative investment research at State Street, as noting that “private debt, especially floating-rate debt, typically benefits from rising interest rates,” and expects that private debt’s outperformance might diminish as the Fed continues with rate cuts.
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