Hints and tips:
...Meanwhile, listed groups including TPG, Brookfield and KKR have in recent years struck ambitious acquisitions....
...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...
...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....
...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...
...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...
...The online learning group, which says it has 150mn students, made fresh staff cuts in recent days, two people close to the company said....
...The bidder, Trillium Capital LLC, appears to be a small outfit based in Massachusetts....
...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....
...Citadel has hired three traders for its equities business Ashler Capital, Bloomberg reports....
...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...
...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....
...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...
...Additional reporting by Tabby Kinder Data visualisation by Dan Clark...
...More than a dozen banks were forced to put up their own cash to fund Vista Equity Partners and Elliott Management’s takeover of Citrix after investors balked at financing the debt package....
...“Our largest private holdings are generally capital-efficient or profitable market leaders awaiting an opportune window to complete public listings,” it said....
...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....
...Citadel Securities, the group founded by Ken Griffin, objected to Northwest’s allegations....
...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....
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