Hints and tips:
...Officially, it was an opportunity for Carlyle’s growing diaspora to congregate before the holidays....
...“It is year three and I haven’t had a distribution in funds that are fully baked [invested]. When am I going to get my capital back?”...
....* My inbox tells me that I’ve personally received over 100 emails mentioning “private debt” or “private credit” since September 24, and that doesn’t even include the ones I summarily delete....
...Unless that ruling is overturned, neither she nor Black will have an opportunity to testify....
...Ares has hired Apollo Global Management veteran James Kim as a partner and head of European special opportunities, based in London....
...These credit investments are now Apollo’s biggest and fastest growing business....
...In 2019, betting on finding opportunities in China and India — which were largely untapped by global credit funds — Marks relocated one of Oaktree’s two most senior portfolio managers, Pedro Urquidi, from...
...For private equity groups, many of whom now manage large credit investing businesses, these speciality finance platforms offer an alternative to corporate bonds and a growth opportunity....
...The company owns stakes in 19 global alternative asset managers, including private equity but also private credit, hedge funds and real estate, making it a diversified option....
...“I think everyone was a bit surprised at how quickly the rally took away some of those larger capital opportunities,” said Kipp deVeer, head of credit at Ares Management....
...On Bill Ackman’s latest hedge: “I’m long equities and still short investment-grade credit....
...Christine Feng has left her role as director of corporate development for Amazon Web Services to join Blackstone as senior managing director of its tactical opportunities and credit units....
...Apollo and its imitators are now an important part of the credit system in their own right, as DD’s Mark Vandevelde and Sujeet Indap explain in this deep dive....
...of the mid-term sales growth and margin opportunity in Asia (based on country level modelling), (ii) medium term mix opportunities in W Europe, despite short term headwinds, (iii) signs of stabilisation...
...“I don’t think it’s going to go drastically right or left. I don’t expect fees to dramatically change from where they are today.”...
...This year, CVC is set to raise about $8bn-$10bn in multiple funds, including more than €4bn for its Strategic Opportunities fund, over $1bn for its growth fund and more than $3.5bn for its Asia-Pacific fund...
...From CVC Capital Partners’ new fund in Europe to Apollo Global Management’s $25bn fund in the US, large buyout funds are amassing enormous firepower and are set to attract even more capital in decades to...
...I don’t think they teach that in Graham and Dodd. As most of you know, I’ve been racking my brain to make sense of this disconnect.”...
...KKR will lend Rs10bn ($164m) to fund a rights issue at struggling Indian infrastructure conglomerate GMR, in a sign of the US-based buyout group’s increasing willingness to offer credit support to heavily...
...Those spectacular results have given its Silver Lake Partners III fund — which made its first investment in 2007 — a huge boost. But when should Silver Lake cash out?...
...“It is no surprise that it took a bit of time for financial institutions to address their liquidity and capital issues,” says David Abrams, managing partner for Apollo’s European Principal Finance Fund....
...That’s also why Apollo recently launched a $250m fund to invest in distressed situations in India, in partnership with ICICI Bank....
...(Financial Times) - Chavez: I am not dead. (Financial Times) - We’ll hear more about that asteroid mining thing today....
...This can have negative consequences for the amount it costs for the sovereign to finance itself in bond markets, i.e. widening CDS spread = rising bond yields = more expensive to fund government debt....
...Apollo Global Management, the US private equity group, has a similar strategy for Europe....
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