This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
The report cites unnamed sources familiar with the matter as revealing that the private equity firms have started consulting with investmentbanks in preparation for a potential sale process, expected to begin in early 2025.
Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. Competition between banks and direct lenders is reaching a fever pitch in other deals, too. Jefferies Financial Group Inc. KKR & Co.
Unlike Hercules, Ares doesn't typically work with high-profile tech companies that have raised funds from venture capital firms. Rather, many of the companies in Ares' portfolio are lower middle market businesses that go overlooked by investmentbanks or private equity investors. yield and prepare to hold for the long-run.
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.
Ares Management, HPS Investment Partners, Blackstone and Blue Owl Capital are among the direct lenders aiming to provide an approximately $3bn debt package for the transaction. The financing could include a $2.4bn funded term loan, a $500m delayed-draw term loan and a $300m revolver.
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. Hercules Capital: Dividend yield 10.5%
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. During the first quarter of 2024, Hercules generated net investment income (NII) of $79 million, an increase of 21% year over year.
It specializes in an investment vehicle called venture debt. Typically, a start-up will raise funds during its early days from venture capitalists (VC) or private-equity firms. And yet, for the last few years, Ares stock has crushed a number of S&P 500 -themed exchange-traded funds (ETF). Hercules Capital: 10.3%
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.
Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? The amount of business that banks do with us now is more than it has ever been.”
Global law firm Ropes & Gray has named 12 of its existing attorneys as the firm’s latest Partners, effective 1 November, including several whose practices cater for private equity and other private credit and private fund clients. Rachel O’Brien (Washington DC) advises on the formation and management of private investmentfunds.
Historically, the focus was on leveragedbuyouts and cost-cutting to boost profitability, but this approach is no longer sufficient. For GPs, this shift necessitates integrating treasury optimization into their portfolio strategies, ensuring robust operational processes that will drive consistent returns for future fund generations.
Funds raised money, bought businesses, loaded them with debt, exited at a profit and convinced happy investors to do it all over again — at ever greater scale. 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.
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.
That whole distressed debt department at city 00:06:31 [Speaker Changed] Banks are wanting to sell? I work for a really senior guy in the investmentbank. But because these are really good businesses, which got levered, they got leveraged through these leveragebuyouts. I get hired by Citibank in planning.
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. Michael Fisch : 00:07:15 [Speaker Changed] The largest fund then was KKR with $175 million. The second largest fund was Forman little with 150.
They have $37 billion in clients and their own funds, of which they have invested across a variety of disciplines from credit to strategic capital, as well as taking companies private and helping them grow into something more substantial than they’ve been in the past. It was between corporate law and investmentbanking.
I found this to be just a masterclass in everything you need to know about distressed credit investing, private credit, the role of the economy, the fed interest rates, inflation, bottoms up, credit picking, and how to manage a firm and a fund in light of just massive dislocations in your space, as well as the overall economy.
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.
The agreement grants AGL the right of first refusal on Barclays private credit deals while also allowing it to participate in transactions underwritten by other banks. He cited AGLs investment expertise and credentials as key advantages. However, Barclays did not commit its own capital to the initiative.
The report cites unnamed sources familiar with the matter as revealing that private credit firms, including HPS Investment Partners and Ares Management, are among those vying to finance what would be one of the largest leveragedbuyout (LBO) debt deals in over a decade.
I ran the venture fund, did all the investing off the balance sheet. One, two, there was a theory that these businesses had volatile cash flows and therefore couldn’t be leveraged, which was the, you know, the whole point of leveragedbuyouts. How long did you stay at Oracle? So yeah, it was fantastic.
Ralph Berg, chief investment officer at OMERS for nearly two years, brings a fresh perspective to pension fund management with a history and work pedigree different to what you might expect from a Canadian fundinvestment boss. billion) funds approach to investing. billion ($97.2
So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveragedbuyouts. I mean, you know, I probably shouldn’t have been doing it because I had been a journalist covering public schools and knew nothing about leveragedbuyouts. And I actually started out of business school.
Made the decision to leave just to try something new at that point, went to Harvard for my MBA and then had made the ch his choice at that point to switch out of biotech and interviewed with a whole bunch of of firms and ended up getting into the hedge fund world, doing capital raising for two large hedge funds. I use that day to day.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content