Hints and tips:
...have slightly higher leverage, [but] certainty in place for a period of time, and then maybe in a year or two I’ll refinance it in the broadly syndicated loan market.”...
...“I think there’s a huge amount of opportunity to deploy capital that should soak up any money coming in.”...
...“I haven’t seen a multi-strat in Ucits format do well. Performance has not been good,” said Patrick Ghali, managing partner at Sussex Partners, which advises clients on fund investments....
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...“I think most US investors don’t really get what’s happening from a macro standpoint in Japan right now and it’s exciting,” said Bae, who added that a “tidal wave” in shareholder activism had prodded local...
...I went on and someone said, Marc, what do you think of what Colm just said. And I said, well, let’s just go through the facts. Everything that is on a bank balance sheet is private credit....
...“I don’t think that the company has crossed the finish line by any means, but there is more embedded optimism that they will be able to achieve their objectives.”...
...But interest rates rose sharply after that, and the asset — which KKR had acquired via its private credit unit — became relatively less attractive....
...The targets signal his belief that he has identified ways to accelerate activity within the group, particularly in its fast-growing credit and insurance-based investment units....
...I can’t turn around to the venture team and say invest $2bn. There’s not enough deal flow,” he said....
...Schwartz has prioritised growth in areas such as tapping wealthy individual investors, expanding its credit and insurance-related assets and increasing overall headcount....
...HSBC has hired Credit Suisse veteran Rajat Sabharwal to lead its equities business in India, Bloomberg reported....
...“I understand the rationale for risk reduction and improving margin efficiencies....
...“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?”...
...So I think you could see this with our large institutional clients scaling up quite a bit and certainly in the insurance arena....
...Seven & i caved last year and said it would sell the struggling unit, Sogo & Seibu, to US fund Fortress. Isaka gave ValueAct no credit for this....
....* 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....
...“You never get the perfect hedge, but if I kept the parameters I always believed in . . . I would have been fine,” he said. “But I didn’t.”...
...said the head of one Sequoia LP, a sovereign wealth fund....
...As such it seems reasonable that any takeover will need to be either credit-neutral or credit-positive to avoid adding the equivalent of $1.2bn of fresh debt....
...Banks are asking themselves: what do I have that I am not going to be in, longer term, when I streamline my business?”...
...He added: “I feel better about the way markets look today than they did 12 months ago.”...
...“I would be homeless in Aspen for a short period of time,” he said. “But I do have other properties around the world.”...
...Behold the BTC Private Credit Fund LP, billed as the “first bitcoin private credit fund”....
...“I’ve seen all this all before and we are staying the course,” he told employees at a town hall late last year....
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