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Banks ramp up leveraged buyouts as interest rates fall

Private Equity Wire

Investment banks, 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 leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg.

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Apollo and ICG expand into South Korea as private equity gains momentum

Private Equity Insights

The country’s growing pool of pension funds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. The broader Asia-Pacific private equity market saw investment activity rise to $138bn in 2024, marking an 8.1% increase from the previous year. Can`t stop reading?

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Akin adds Partner to PE transactions practice

Private Equity Wire

Alperovich has extensive experience advising private equity sponsors and their portfolio companies on a broad range of transactions, including mergers and acquisitions, leveraged buyouts, minority and growth investments, joint ventures, carve-outs and divestitures, restructurings, SPACs and de-SPACs, and investments in general partners.

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Energy Capital Partners nears $30bn sale of Calpine to Constellation

Private Equity Wire

Buyout firm Energy Capital Partners (ECP) and its co-investors are edging closer to agreeing a deal for the $30bn sale of Calpine to Constellation Energy, according to a report by Reuters citing unnamed sources familiar with the matter.

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Era of private credit outperformance over PE may be ending, says State Street

Private Equity Wire

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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Carlyle secures private credit loan for WSG deal

Private Equity Wire

Carlyle announced Monday that the equity for its investment will come from its Carlyle Asia Partners funds. Initially, Carlyle explored using a traditional leveraged buyout bank loan for the acquisition, but ultimately opted for private credit, the source added without providing further details.

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Investing $100,000 in These 3 Ultra-High-Yield Dividend Stocks Could Bring $10,000 in Passive Income to Your Portfolio in 2024

The Motley Fool

One of the best ways to create wealth is by investing in companies that pay a dividend. Investing $100,000 in the three ultra-high-yield BDCs discussed below could generate $10,000 of passive income for your portfolio this year. Although there are always risks associated with any investment, I am not worried about Hercules.