Hints and tips:
...This was driven by a steep decline in sold investments known as realisations and the associated incentive fees....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...Republicans on the House financial services committee have asked the regulator for a briefing on the incident....
...Given the higher risk associated with those loans, investors in the CLOs demand higher returns as compensation....
...More than $175bn poured into more than 156 infrastructure funds in 2022, mainly early in the year, as investors sought out uncorrelated returns and stable cash flows associated with the sector....
...with the Rockies – Colorado, Montana, Wyoming – than they are with southern California....
...Covington has hired Latham & Watkins’ David Berman as head of its financial services practice in London. PGIM Investments has named Dominick Carlino as global head of alternatives....
...How many times have we heard a song and immediately found ourselves transported back to a particular time in our life associated with the song?...
...It sold its $500mn loan to a credit fund associated with Ken Griffin’s hedge fund Citadel. Apollo has been a canny DIP loan provider in many bankruptcy cases over the years....
...A few corporate buyers have helped private equity LPs this year....
...Founder-manager Merck Mercuriadis would turn up in places not typically associated with closed-end investment trusts, such as the cover of Billboard magazine and backstage at the MTV Music Awards....
...Rating agency Standard & Poor’s on Monday night lowered its ratings on five US regional banks — Associated Banc Corp, Comerica, KeyCorp, Valley National and UMB Financial — assigning “stable” outlooks to...
...It should be a moment of unabashed celebration for the 38-year-old buyout firm, but it is one that risks being undermined by mounting pressures associated with amassing hundreds of billions of dollars in...
...Exhibit B: “President Biden’s war on American energy continues,” said Wyoming senator John Barrasso. But at the end of the day, it seems to be more style than substance....
...services and lure back customers tempted by low-cost airlines....
...At the same time, the level of consumer prices still remains elevated for many goods and services, even though the speed of those increases has broadly slowed....
...The company said it expected to incur $1.4bn to $2.1bn in charges associated with the dismissals and restructuring....
...Goldman Sachs managing director Adam Iqbal has joined hedge fund Capstone Investment Advisors as a portfolio manager based in London....
...I was moved by Land, a film directed by Robin Wright and available on Netflix, about a bereaved woman trying to live off-grid in Wyoming....
...As of Saturday afternoon, 1.7mn homes and businesses across the country were without power, according to Associated Press....
...The Chancery decided that Loews had short-changed shareholders of an energy pipeline subsidiary, Boardwalk Pipeline Partners LP, when it acquired Boardwalk for $1.5bn in 2018....
...“The largest share of our fee-earning assets under management is now associated with global credit,” said Lee, brushing off fundraising challenges in Carlyle’s eighth flagship buyout fund as “old news”....
...“The largest share of our fee-earning assets under management is now associated with global credit,” Carlyle chief executive Kewsong Lee told the Financial Times....
...While the news sparked waves of affectionate comment about the Queen’s public service, it also reignited debate about republicanism in some countries where she was head of state, notably Australia....
...“If you look at the long arc of private equity, these kinds of disruptions in the market have been associated with very good investment opportunities,” he added....
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