Hints and tips:
...The two investment groups began talking about a strategic partnership nearly two years ago but that conversation foundered over competing visions, according to at least five people briefed on the talks....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...“I think there’s actually going to be some pretty strong inflows out of the gate,” said David Mann, head of ETF product and capital markets for Franklin Templeton, which is among the groups launching spot...
...Media groups more focused on traditional forms of advertising are already feeling the effects....
...In addition, it has borrowed $250mn this year from investment firm Davidson Kempner Capital Management, although two people with knowledge of the situation said under $100mn was disbursed before Byju’s defaulted...
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...Banks underwriting $3.7bn of loans and bonds to fund the buyout of healthcare company Syneos Health by Elliott Management, Veritas Capital and Patient Square Capital, also received strong demand....
...Management....
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...GTCR will make a more than $5bn equity commitment to finance its majority stake, most of which will come from its two most recent funds and the remainder from co-investments from a broad group of limited...
...BlackRock now values its investment in Byju’s at $1,774 per share, down from $2,243 per share when the US investor bought into the company in 2020....
...Trillium Capital LLC is a Boston-based investment management firm founded by Scott Murray. Its corporate website was last updated in 2018 and Murray is the only employee listed....
...Trillium boss Scott Murray told Lex he has his own capital pool and “deep relationships” with investment banks and buyout groups to fund his bid....
...“It gives them a real seat at the table for decades,” says George Pyne, founder of the sports investment firm Bruin Capital....
...Managing a DIY multistrat fund through SMAs must be phenomenally complicated, and require a level of sophisticated risk management and tactical capital allocation that’s beyond most institutional investors...
...The turmoil in financing markets and fears of a looming recession have made it hard for private equity groups to find affordable buyout financing from banks....
...Fund managers are lining up to buy a piece of some of the riskiest slices of debt backing the $16.5bn buyout of software maker Citrix, in a sign of the resilient appetite for high-yielding investments even...
...It expanded into private company investments under the watch of private equity head Scott Shleifer, who had success making early bets on Chinese technology groups such as Alibaba and JD.com....
...Voyager 14 June 2022:https://twitter.com/investvoyager/status/1536709199694024704 22 June 2022 — “Voyager Digital, LLC, may issue a notice of default to Three Arrows Capital (“3AC”) for failure to repay...
...Glass Lewis is co-owned by Canadian private equity firm Peloton Capital Management and Canadian businessman Stephen Smith. The companies did not immediately respond to requests for comment....
...The capital raising for the $7.1bn Tenneco deal, which was agreed in February, has been a thorn in the side of the banks for months now....
...Private capital groups tout customised investment funds and intricate deal structures as good for themselves and fund investors....
...Former Palestra Capital Management analyst Ben Tso and Evan Stanleigh, a partner at hedge fund Cadian Capital, have recently joined, with four more new hires set to join in September....
...Beyond that, disciplined capital allocation and sound cost management have led to strong cash generation, as evidenced by decreasing net debt among EM corporates since 1Q21....
...UK telecoms group....
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