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...MassMutual is making a minority investment in Atlas SP so it can gain access to the asset-backed debts the unit originates, packages into securities and sells....
...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...Investigators alleged that the younger Dhoot had a “false” certificate submitted to the bank stating the money had been paid to a supplier....
...He posted it earlier this month, backed by Knight, one of several companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, which does not have the required “certificate of qualification...
...Hipgnosis Songs Fund has found itself at the centre of a bidding battle after Apollo-backed US investment group Concord topped a rival offer from Blackstone by raising its own approach to $1.5bn....
...DiNello added that the bank was open to selling “non-core assets”, without elaborating further....
...That’s because the works of contemporary artists such as Warhol and Jean-Michel Basquiat could now become collateral for half a billion dollars of asset-backed securities, alongside paintings by old masters...
...Debt-fuelled asset purchases and investment by the public sector don’t always end well....
...Barings is suing a Nomura-backed venture after most of its top private credit team defected to the new firm, in what the fund manager described as one of the “largest corporate raids at an asset manager...
...Sanderson Asset Management, a UK boutique backed by prominent investor Silchester Partners, is closing down after more than two decades, highlighting the challenge asset managers face when trying to move...
...Samsung C&T trades at a discount of more than 50 per cent on its net asset value. The South Korean government is keen to replicate Japan’s success in raising stock valuations....
...ISS’s recommendations diverge from fellow proxy adviser Glass Lewis, which earlier this week backed all of Disney’s board nominees....
...That has thrown the private equity-backed insurance roll-up strategy into doubt, according to a person familiar with Viridium’s view: “It is clear that we can only keep growing if there is an ownership structure...
...Turkish authorities have backed down in the face of big protests in the south-eastern city of Van, reinstating an opposition politician who was disqualified as co-mayor after he defeated the candidate of...
...Just €250mn of the €5.26bn of debt owed by the company at the centre of René Benko’s collapsing property empire had been secured against tangible assets, said its administrator, raising fresh questions about...
...EQT-backed dermatology company Galderma also announced its intention to raise $2.3bn in an IPO on the Swiss stock exchange, at a valuation of about $20bn....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...The certificates would be “neither a share nor a bond but a right to distribution based on certain assets”, said the company’s lawyer....
...Shares of Chinese developer Sunac rose on Wednesday after it secured funding from a state-backed asset manager for one of its unfinished projects, as public financial institutions increase support for the...
...PPAs are long-term energy supply contracts, and RECs are certificates bought in lieu of direct renewable energy generation, typically representing savings of 1 tonne of C02-equivalent elsewhere....
...Washington has backed the idea of confiscating the reserves in their entirety and handing them to Ukraine, an idea European officials fear could violate international law and destabilise financial markets...
...Co-op Bank, which has 2.5mn customers, is backed by US-based investors including Bain Capital Credit and JC Flowers....
...asset?”...
...“The majority of SMEs are expat-owned and asset-light — import, export, trade, retail,” said Camarate. “It’s really difficult to lend to you because you can get on a plane and leave”....
...Christine Lagarde, president of the European Central Bank, has poured cold water on US-backed proposals to use more than €260bn of frozen Russian assets to finance Ukraine’s war effort, warning they risked...
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