Hints and tips:
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...TPG, which went public in 2022, recently used its stock to help finance the $2.7bn purchase of credit manager Angelo Gordon....
...A decision by Fitch to downgrade the US’s credit rating from triple A to double A plus has triggered equity market falls in Asia and Europe....
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...The FT profiles the Nigerian born dealmaker, who before becoming a top executive at Credit Suisse, clerked for Thurgood Marshall....
...Demand is soaring for moving goods from Asia to Europe by train via Russia following the Red Sea crisis, boosting the finances of the country’s state-owned rail monopoly....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...Struggling banks on both sides of the Atlantic are unlikely to be in a festive mood as they continue to dominate the headlines....
...If like me you’re wondering about what to make of the rapidly growing crises on both sides of the Atlantic, I recommend reading: Go deeper: While Credit Suisse was Europe’s problem child, other banks are...
...The leveraged buyout specialist has diversified to include a $200bn credit investment business along with a life insurance affiliate, Global Atlantic, hungry for yield....
...DIANE GLOSSMAN: You had on the one hand Citi that had a huge business around the globe, known to be an innovator in technology and credit card....
...But unlike regular investment banks, groups such as KKR — which has diversified to include a $200bn credit investment business and its Global Atlantic life insurance affiliate — can do it all in-house, Lex...
...PayPal has named Jamie Miller as chief financial officer, snapping up the veteran finance executive after she left the Big Four accounting firm EY in June....
...world of supply chain finance attracted backing from Japan’s SoftBank and US private equity firm General Atlantic....
...Davis Polk has poached M&A partner Thomas Malone and finance partner David Penna from Latham & Watkins. They are based in New York and Washington, respectively....
...Did they really monitor the credit criteria which had served them well in the past?”...
...There was silence on whether expanding money and credit had anything to do with it....
...With its Grammy’s party, Mastercard joins a host of finance organisations that have embraced the new alternative realities....
...“The weakness in the pound isn’t the determining factor, it’s another checkmark in the short term [and] positive for US buyers in the UK,” said Gordon Saint-Denis, head of sports finance at private credit...
...DD Live will gather the biggest names in M&A, private equity and corporate finance. To gain access to the event and find more details go here....
...In some ways, working at Revolut was the pivotal moment: I was trying to work with a major credit bureau, and we wanted them to see customers on both sides of the Atlantic....
...: buyout groups push into lucrative private credit (Lex)...
...And the credit system is weak and they’re not gonna lend. So what you tend to get is what economists would call a financial surplus in the private sector....
...Ng, Year 10 student, King George V School, Hong Kong...
...both sides of the Atlantic, one key financial hub has missed out: Japan....
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