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After yesterday’s sale, Mr Khuda’s stake in AirTrunk has been reduced to 5pc, and is worth more than $500 million after the company’s debt is factored in, sources close to the transaction said. The deal triggers a large performancefee for ASX-listed Macquarie Group, which manages the fund. This is a huge deal.
In the first half of 2023, higher financing costs hurt the Caisse’s private-equity portfolio, which posted a return of 1.4 In the short term, the portfolio was constrained by higher financing costs, which influenced the performance of certain privatecompanies,” the pension fund said. per cent. “In per cent return.
The exposure you get in investment banking, I was a leveraged finance banker by background. CHABRAN: Maybe because I come from a leverage finance background, as I told you, I tend always to focus on the downside. I think it was a great training. I think we learned a lot. And I think this is where the industry should be heading.
So it used to be within private markets that you would find a good business, apply quite a bit of leverage to it, at least in the private equity business, and be able to make a pretty good return by buying good solid businesses as they are. Leverage levels have come down materially. LAYTON: Leverage levels have changed.
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