Hints and tips:
...Private lenders including Ares Management, Oak Hill and Blue Owl stepped in to provide a $4.8bn senior private loan....
...Despite a sterling reputation, was it basically just ARKK with a hedge fund comp structure? Lone Pine declined to comment....
...Blue Owl, Ares, Oak Hill, HPS Investment Partners, Oaktree and Elliott Management were among the investors that agreed to lend the $4.8bn this week....
...Nuveen bought European debt manager Arcmont last year, while T Rowe Price purchased Oak Hill for $4.2bn in late 2021....
...TCI, Millennium, Lone Pine and Bridgewater declined to comment. laurence.fletcher@ft.com...
...The $18bn distressed debt investor Strategic Value Partners seized control of the owner of US retail properties such as Rolling Oaks Mall in Texas and Tippecanoe Plaza in Indiana in a transaction approved...
...Fellow Tiger cub Lone Pine’s Cypress hedge fund has lost 27 per cent this year and its Cascade long-only fund is down 32.5 per cent....
...ARK has in place a poor succession plan for the 66-year-old Wood, who is essential as the firm’s majority owner and lone portfolio manager....
...increasingly influential crop of lenders also financed the $6.2bn takeover of Vista-controlled cloud service provider Datto by its rival Kaseya on Monday, with Golub, Blackstone, Ares, Owl Rock Capital, Oak...
...“If you buy one you buy them all,” said one hedge fund investor, referring to investing in the cubs’ funds. Tiger Global, Coatue, Viking, Maverick, Lone Pine, D1 and Light Street declined to comment....
...bond fund would have been....
...Aside from direct investments, most wealth deals were executed by portfolio companies owned by private equity, such as Leonard Green-backed serial acquirer Mariner Wealth and Oak Hill-backed Mercer Advisors...
...The two-step gambit is made possible by the Lone Star state’s divisional merger law, which — unlike every other US state excluding Delaware — defines a merger to include “the division of a domestic entity...
...Lone Star, Apollo and Asda declined to comment....
...In Thousand Oaks — a neighbourhood that looks practically the same, though it is thousands of miles away, in California — is Amerihome, a company started by Mr Furash, which has used Apollo’s firepower to...
...The Boston-headquartered group was on campus that year seeking recruits to build its business in the Lone Star state....
...Such an approach is normally not an option for private equity funds....
...These include Lone Pine, which had Facebook as its biggest holding....
...That makes this deal different from the rescues over the past two years of Germany’s HSH Nordbank by US private equity groups led by Cerberus and JC Flowers, and of Portugal’s Novo Banco by Lone Star of...
...Novo Banco faces a separate claim over the Oak Finance loan from Winterbrook Capital, a UK hedge fund, which last week said the treatment of the loan meant the Portuguese lender was in default just as it...
...Angel Oak, an Atlanta, Georgia-based firm, is presently marketing a $329m non-QM deal, easily its biggest to date....
...Lone Star bought the stake from Portugal’s bank resolution fund, which will retain the other 25 per cent....
...The former vice-chairman of US buyout fund Lone Star and owner of Sunderland football club Ellis Short has raised $2bn to invest in the European distressed property debt market....
...Funds run by many international investment companies, including Cerberus Capital Management, Goldman Sachs and Lone Star, were given this label after snapping up mortgage debt, properties and development...
...That termination was part of an alleged sweetheart bond exchange involving Goldman Sachs and three hedge funds....
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