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...While it says it has £2.4bn of liquidity — enough to run the business for the next 15 months — it needs more than £3bn in equity by 2030 and a steep rise in customer bills to maintain services and deliver...
...For example, if a private credit fund owns a $150mm loan, funded by $100mm of investor capital and $50mm of external leverage, this would be counted as $100mm of assets, assuming the loan is valued at par...
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...Princeton gets burnt by private equity For many years, investing in private equity was a sure way for university endowments to make money....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...senior loans....
...in professional services as evidence for the investment thesis....
...It added that some smaller or highly leveraged companies might “struggle to service their debt”....
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...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
...A decade of easy money though has skewed negotiating dynamics more in favour of borrowers and their private equity backers....
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...The US services sector grew less than forecast in March, data from the Institute for Supply Management showed on Wednesday....
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
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...The managers of these capital pools buy up pieces of multiple bank loans, often stemming from private equity deals....
...of euros in interest-free, unsecured loans to help them buy two private jets....
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...The convertible loan gave the airport a nominal valuation of £400mn in 2021....
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