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...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...firms have reputations for being more litigious, being more activist and a lot of private equity don’t want to deal with those kinds of investors,” said Randy Raisman, managing director at Marathon Asset Management...
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...Further reading:— The private credit ‘golden moment’ (FTAV)...
...Blackstone president Jonathan Gray told the Financial Times last May the world’s largest private capital group — which has $1tn of assets under management — could become a “valuable partner” to banks looking...
...Apparently, Apollo Global Management has other priorities....
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...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....
...Because the court’s implementation of the Case Management/Electronic Case Filing system automatically assigned to Judge Drain any case where the debtor indicated that the White Plains division was appropriate...
...For private credit, the figure is 45 per cent. However, even beneficiaries are starting to protest....
...Blackstone, with $1tn in assets under management, is the world’s largest alternative asset manager....
...“They are much smaller credits, harder to trade and wrap your head around,” Dan Ko, a portfolio manager at Eagle Point Credit Management, said of middle-market CLOs....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Smart reads Flawed valuations Fund managers in the private credit industry are often valuing their loans more generously than others do. Regulators are starting to worry, Bloomberg reports....
...Big buyouts were financed by the likes of Ares Management, Sixth Street, HPS Investment Partners and Blue Owl....
...But another crucial change has been improved liquidity, thanks to a raft of new open-ended funds launched by large alternative investment managers like Blackstone, Ares Management, and Apollo Global Management...
...Inside the daring raid on Barings that has shaken the $1.7tn private credit market....
...The share gains were fuelled by its fast-rising assets under management, which eclipsed $1tn for the first time, and its inclusion into the S&P 500 index....
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Best-performing managers’ punchy bets on stock markets paid off in 2023
...Private credit deals, in addition to generating interest income, also charge management fees to limited partners....
...Bloomberg LP declined to comment....
...In August, Elliott Management pushed one of Novo Nordisk’s critical suppliers, Catalent, into a “strategic review”....
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