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...“This transaction is a unique market opportunity that enables MassMutual to access a scaled origination ecosystem,” said MassMutual chief investment officer Eric Partlan....
Senior managers and agents could sell shares, according to financial terms seen by the FT
Investment manager raises $12bn for new vehicle
Credit investor is latest private lender aiming to fill void left by Wall Street banks
...Effron and Pruzan, both aged 60, will together remain at the helm of the firm, while the newly named leaders, Tony Kim and Eric Tokat, will oversee Centerview’s advisory business and assist the founders...
Apollo and Blackstone among those poised to provide $5.5bn of debt to buyout group for purchase of 50% stake in Cotiviti
Entrepreneur says he is partnering with Third Point but hedge fund says it has not committed to participating in any deal
About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon
...Read Eric and Harriet’s full piece here....
Heads of private equity, credit and insurance will give up current packages for $550mn in stock grants
Loans secured against private equity funds being used to support struggling businesses amid surge in interest rates
Demand for Worldpay and Syneos Health bonds and loans shows ‘hunger for new supply in high-yield’
Vista Equity agrees to invest $1bn in fintech Finastra in return for $4.8bn refinancing
...Just look at former Google CEO Eric Schmidt, whose recruitment process involved a visit....
...Shleifer will remain as a senior adviser to Tiger, while his private equity role will be replaced with an investment committee chaired by Coleman and consisting of Shleifer and partners Evan Feinberg, Eric...
Activity subsided in second quarter amid investors’ concern over banking turmoil
...The $10mn pot announced on Wednesday includes investment from former Google chief executive Eric Schmidt and will go towards supporting academic research in AI....
Securities division has been for sale since Silicon Valley Bank’s failure in March sent tremors through banking industry
Qualtrics eventually sold for $12.5bn to Silver Lake and CPP in largest leveraged buyout of year
Blue-chip companies bypass banks and bond markets to borrow from industry with $1.4tn war chest
...But in hushed tones, investors and advisers have been increasingly warning DD’s Antoine Gara, Eric Platt and William Louch of trouble ahead. So how much of a bind is private equity in, really?...
...DD’s Antoine Gara and Eric Platt revealed last week that private equity firms are increasingly borrowing against a fund’s investment assets to help pay down the debts of struggling individual companies....
Serta Simmons court decision is milestone in ‘creditor-on-creditor violence’ litigation
Goldman Sachs, Bank of America and Credit Suisse unload remnants of deal struck in the easy money era
...Some famous attendees such as comedian Chris Rock and former US solicitor general and current Hogan Lovells partner Neal Katyal hiked for miles to flee and find road transport....
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