Hints and tips:
...While that trails returns marketed by private equity funds, it has proven attractive to pension funds and endowments after a decade of rock bottom interest rates....
...“Big Tech has been spending money like 80s rock stars for the last four to five years,” he said. “It feels like there’s adults in the room now.”...
...SailPoint’s financing was led by Golub, Blackstone and Owl Rock, the company said in a statement....
...In today’s newsletter: Multi-manager hedge funds on the rocks Qatar bets on India’s Ambani Turkey’s IPO renaissance Multi-manager hedge funds meet their maker Three decades ago, when star traders such...
...We’re like rocks, stuck at the side of a stream.” The Lekdijk Bovendams bond, like the Tucks, is a rock, stuck in the stream of Dutch history....
...Regolith is the name for lunar dust, which actually isn't dust at all but shards of Moon rock that have been smashed by meteorites over millions of years....
...“An entire new generation of investors may well have come of age never having actually experienced an economic downturn, a protracted market downdraft, or interest rates above rock-bottom levels,” he wrote...
Low demand for bonds and loans is Wall Street ‘canary’ as inflation risks rock capital markets
...Their descendants, waiting for the 7.16 to Cold Spring Harbor or the 8.01 to Mamaroneck, are generally game for conversation....
...D1 Capital made money on private companies last year but lost money on public stocks while Whale Rock’s public portfolio has fallen more this year than its private counterpart, according to people with knowledge...
...In some deals featuring Owl Rock, Blackstone and Apollo, the private equity firms have funded the debt directly. Private credit has been important to middle-market deals for years....
...This 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...
...The firm sidestepped investment banks to arrange a multibillion-dollar financing package from a consortium of private capital providers including Owl Rock Capital, Blackstone, Apollo Global and Golub Capital...
...Junk debt-financed takeovers, fuelled by an era of rock-bottom interest rates, are now a more than $4tn market....
...Still buffering Sony’s strategy as an entertainment “arms dealer” has helped it scrape by as cost-conscious households turn on Netflix and other subscription services....
...“I want to be the platform that sees the value in all these genres that live outside of legacy rock,” she said, adding: “We are off to the races.”...
...I see cormorants and ospreys and hummingbirds and mink, playing among the rocks. They stare back at me....
...Smart reads Levelling up A hitherto obscure lender, Little Rock’s Bank OZK, has become one of the most prolific lenders to Manhattan property developers....
...The business moved to a sectioned-off room on the 37th floor of Citadel’s headquarters on Dearborn Street in Chicago, separated from the rest of the hedge fund by a double height wall of sheet rock....
...For Jio, which launched in 2016 and used rock-bottom prices to swell to 426m users, it is a chance to repeat the success of its original JioPhone....
...In March, lender Owl Rock and a consortium of other funds that included Goldman Sachs’ private credit arm agreed to provide a $2.3bn loan to Thoma Bravo to fund its takeover of financial services software...
...While at Jana, Penner launched an environmental, social and governance, or ESG, fund that would count the rock star Sting, his wife Trudie Styler and Sister Patricia Daly, a nun and activist, as advisers...
...Credit Suisse to fourth-quarter loss (FT) Volkswagen's Porsche Sports car brand may be listed by IPO or spin off next year (BBG) ECB squashes Deutsche Bank plans to raise bonus pool by a third (FT) Owl Rock-Dyal...
...(Bloomberg) News round-up Astra to test appetite for space Spacs (FT) Nestlé in talks with One Rock consortium on bottled water sale (FT) UK watchdog orders partial unwinding of StubHub-Viagogo deal...
...Unless you’ve been living under a rock (in which case, congrats, and can we join you?), you’ve probably heard about the GameStop saga....
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