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Showing results for GOLDENTREE E DISTRESSED DEBT FUND II LP
...The concern is that the redemption constraints imposed by private debt fund managers can pressure LPs balance sheets and fuel some contagion....
...Those holdings, which also include stakes in half a dozen GoldenTree funds, reflect the firm’s position as one of the leading bond and distressed debt specialists in the US, an influential creditor in the...
...Black proposed “alternative assets”, which could be anything really: office towers, the debts of distressed borrowers, even entire companies....
...“All the consensus trades have blown up,” said one rival distressed fund manager. “PG&E was the first domino — then Intelsat hit.”...
...The fastest movers have often been those that spent the past decade expanding their operations beyond their roots in buyouts to include credit, distressed investing, infrastructure and technology funds....
...Blackstone set about trying to persuade investors to keep faith with its $7bn distressed debt fund, but matters were complicated by heavy losses on distressed debt investments linked to GSO’s energy franchise...
...Each resolution plan will lay out sustainable debt and debt-forequity conversions for banks to facilitate the issuance of new equity and possibly some new debt to fund the investment needs....
...The new vehicle – called Gramercy Distressed Opportunity Fund II (GDOF II) – will be Gramercy’s second distressed debt fund and seeks to invest in all segments of stressed and distressed debt, sovereign...
...The ratings agency has also dug deeper into the whole philosophy of Solvency II. The rules target ‘spread risk’, i.e. the market volatility of an asset....
...This can have negative consequences for the amount it costs for the sovereign to finance itself in bond markets, i.e. widening CDS spread = rising bond yields = more expensive to fund government debt....
...Yields on Egypt’s debt are heading upwards, even though state-owned banks are buying government debt....
...The cost of insuring against default on Egyptian government debt for the next five years climbed to 554 basis points on Wednesday, according to data provider CMA....
...For some, the refinancing doubts will be an opportunity to buy the debt cheap....
...But no one wants Greek bonds unless it’s at an extremely distressed price....
...Centro’s best hope is to ask the hedge fund investors in its debt to exchange some of it for equity. Distressed property investors could learn a lesson: ignore rising asset values....
...The firm has $17.5bn of assets under management and specialises in distressed debt: when Lehman Brothers collapsed in 2008, Elliott stepped in and began buying bonds....
...High-Yield Master II index....
...to Greece: (i) a red cluster of countries with access to funds domiciled in Luxembourg; (ii) a black cluster with access to funds domiciled in the offshore centers of British Virgin Islands, Jersey, Cayman...
...But with debts almost equal to book value, Blackstone will only invest £75m from its European distressed real estate fund to attach its name to one of Britain’s most prestigious business addresses....
...Aozora Bank, the Japanese lender controlled by US buyout fund Cerberus Capital Management, recently hired distressed-debt specialist Brian Prince....
...Carlyle Strategic Partners II is a new distressed debt fund. Massive leverage “isn’t part of its plan”....
...Brazil’s national development bank plans to lend as much as 500 million reais to help farmers refinance debt, the central bank said on Nov. 19....
...If the troubled institution is very weak, some form of financial support or assistance (through provision of public funds or the public sector retaining problem assets) is needed....
...SAC Capital, one of the leading US hedge funds, is reopening to investors in October, while several other funds are raising money to buy distressed debt, particularly bank debt....
...Distressed-debt specialists are hoping that happens....
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