Hints and tips:
Related Special Reports
...Its credit operations now account for $91bn of the $174bn it manages. Its credit funds returned 13.3 per cent over the past year net of fees....
...Private credit funds such as Blue Owl, HPS, Ares, Blackstone and Sixth Street have stepped in to fill the gap for borrowers. In return, they have been paid handsomely....
...Robertshaw teamed up with Bain, Canyon and Eaton Vance — the three investors that only months earlier had been teammates of Invesco — to neutralise the lead fund manager....
...It will be part reinsurer, taking on $10bn to $15bn of long-dated insurance liabilities and investing a portion of the underlying funds in private credit and other alternative assets, and part investment...
...The two teams have something in common beyond the blue shirts. Both are owned by US institutional investors....
...An internship with Blue Ridge Capital, one of the “Tiger cub” hedge funds, led to a job at Copper Arch Capital before he we went on to found his own fund, Castle Point Capital, in 2005....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...And remember, while higher rates helps private credit funds through higher payments from borrowers, those funds also carry debt of their own, to amplify returns....
...Those investments include a heavily impaired £30mn stake in a challenger bank, more than £40mn in property funds managed by M7 and a further £47mn in often-opaque investment vehicles at Robinson’s own firm...
...Like the S&P 500, I can tell you within five seconds of googling if the market’s up, down or sideways, right? Private credit’s not like that....
...So far the rethink on rates has done little to cool stock markets, with the S&P 500 index of blue-chip stocks up 7.4 per cent this year — helped by the strength of the US economy and excitement about the...
...The S&P 500, investment grade spread, high yield spread, loan spread, the level of rates, home prices, crypto, M&A activity, IPO activity; everything improved after the Fed signaled that rates are going...
...Big buyouts were financed by the likes of Ares Management, Sixth Street, HPS Investment Partners and Blue Owl....
...Here is one oddity, from our colleague Eric Platt last month: Blackstone is planning to borrow hundreds of millions of dollars to give its flagship private credit fund added investment firepower, as the...
...Canyon Partners....
...Need to know: business Food industry groups warned that UK plans to use “not for EU” labelling on meat and dairy products would raise costs and deter investment in domestic production....
...Australia’s Port of Newcastle, the world’s largest coal export terminal, whose credit rating was downgraded to junk status by S&P last week, has much of its outstanding debt tied up in sustainability-linked...
...A sector breakdown shows that these companies are highly concentrated in biotech (dark blue line below)....
...Suisse from subsidiary disposals (Reuters) Departing L&G chief urges UK to ‘reverse’ trend of under-investment (FT)...
...Chart of the week The S&P 500 index, which measures the performance of US blue-chip stocks and sets the tone for investors around the world, is on track for one of its best half-years in two decades....
...This week’s gains in the blue-chip S&P 500 index mean it now stands more than 20 per cent above its October 2022 low, nudging the Wall Street benchmark into the widely-used definition of a bull market....
...investing heretic Tariq Fancy, the director of ESG engagement at credit firm DSC Meridian Capital, and an L Catterton partner focused on impact investing you might expect some fur to fly....
...If you were in a growth-tilted fund from 2000 to 2006, you had some reason to think your manager had discovered a consistent source of excess return, and you may not have even known that the source of that...
..., chief investment officer of Blackstone Credit....
...While real estate and private equity investments comprise the bulk of Blackstone’s overall assets, it has built enormous operations spanning credit, insurance, hedge fund-oriented investments and other private...
International Edition