Hints and tips:
Related Special Reports
...Although distressed sales are starting to crop up in commercial real estate, many lenders have offered indebted property owners some flexibility to avoid fire sales....
...Cintra for $1.8bn in 2004....
...In his first interview as CEO of the $1.6tn Atlanta-based asset manager, Andrew Schlossberg said Invesco would also consider deals to boost its private credit offerings....
...IMI was also left with a £600mn debt behind the Very Group and other family assets. Rani R....
...Investment firms are raising billions of dollars to buy stakes in venture capital-backed technology start-ups, as a long drought in acquisitions and initial public offerings forces early investors to offload...
...We’ve talked about TRAs before, most notably in the buyout of Sculptor Asset Management last year....
...industry-wide assets have risen sixfold to $1tn....
...Smart reads FTX’s bankruptcy bonanza Distressed investor Attestor has made a large paper profit from buying up assets from clients of Sam Bankman-Fried....
...Assets managed by private credit investment funds have grown to a record $1.5tn, with annual growth more than doubling to 23 per cent between 2020 and 2022, according to JPMorgan....
...Here’s why analysts think the investment is risky. 4....
...With a difficult market for exiting investments, Moakes expects to see a pick-up in distressed sales “because people who got overcommitted to private equity and other illiquids will be forced to raise that...
...Rather than a solution of last resort for distressed sellers, the secondary market has become a key tool to manage multi-asset portfolios....
...There is more concern about less creditworthy borrowers in the $1.3tn non-investment grade market, often called junk or high-yield....
...One notable absence is Arc Global Investments, a firm controlled by Orlando, which is the largest investor in DWAC....
...Jimmy Levin’s Sculptor has seen his Credit Opportunities fund, which manages $1.4bn in assets, return 8 per cent to the end of August....
...Janus Henderson’s overall forecast for the year has dropped from $1.64tn to $1.63tn. The new estimate would represent a 4.4 per cent increase on dividends for 2022....
...Half of all the management fees in the investment industry are likely to go to alternative asset managers in 2023, up from 28 per cent in 2003....
...Five unmissable stories this week Cathie Wood’s Ark Investment Management has a new pitch to investors who might be concerned by the asset manager’s huge losses — think of the tax write-offs....
...It hit $58bn in loan originations in 2021, a 1,000 per cent increase from two years prior....
...Singapore government-backed CapitaLand Investment highlighted the foreign interest in distressed Chinese properties in February when it raised a 1.1bn Singapore dollar ($820mn) fund to hunt for bargains...
...To take something to investment committee, it needs to feel like a distressed deal,” the European executive said....
...flagship fund stung by stock rally SEC lawyers subpoena fund managers over ESG disclosures Exxon nemesis Engine No. 1 drops activism in hunt for new identity Alternative investments lose steam as fundraising...
...Sriniwasan said that Kotak’s second distressed asset fund, with investment from Singapore and Abu Dhabi sovereign wealth funds GIC and ADIA, has secured $1.25bn, but is targeting $1.6bn in total....
...One thing to start: Disney is making a $1.5bn investment in Epic Games, the group behind Fortnite, in a move that is expected to be the Hollywood company’s largest move into gaming so far....
...BDCs, for example, generally have debt/equity ratios of just 1 or 1.5. This means credit losses do not have as much potential for destroying value as in more leveraged vehicles (such as banks!)....
International Edition