Hints and tips:
...Blackstone’s credit and insurance division will buy the US credit card receivables from Barclays for an undisclosed sum, and the bank will continue to service the accounts for a fee....
...While the Asia split, FTX and Musk dominated headlines, LPs say the most consequential of Botha’s changes is likely to be the introduction of the Sequoia Capital Fund in 2021, a vehicle to hold Sequoia-backed...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...kadhim@ft.com / sid.v@ft.com...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...sale to Orion European Real Estate Fund V. 4.30pm BST - Before we knock off for the week a quick line on Marston’s brewing joint venture with Carlsberg’s UK lager division....
...There has been demand for grocery delivery however negative margin discourages management to offer the service....
...“I have been privileged to serve on the board . . . and have been very impressed by the quality of the company’s management and I have tremendous confidence in the future our business,” Goudet said....
...Tim O’Hara, who was until recently the chief executive of the Goldman Sachs subsidiary Ayco, will join rejuvenated Rockefeller Capital Management, where he will run the multi-family office operations, reporting...
...Cerberus Capital Management, which also presented at the creditor meeting, has made a $125m bid for Abraaj’s funds-management business, including $50m for working capital at the cash-strapped firm....
...Carlyle’s assets under management fell to $176bn, down from $193bn in the same period of 2015....
...The top US securities regulator charged billionaire investor Leon Cooperman and his hedge fund with insider trading on Wednesday in one of the highest profile cases since Steven Cohen’s SAC Capital pleaded...
...Orient and KKR are joined by China Orient Summit Capital, an investment manager co-owned by Orient and China Summit Capital, a local private equity fund....
...But later that year Chaori bondholders were bailed out when a state-owned bad-loan bank, Great Wall Asset Management, stepped in....
...has frequently opposed management proposals....
...The net internal rate of return for investors who wrote cheques for TPG V over the period is 5 per cent, while the gross multiple on invested capital is negative as of June 30....
...Defence lawyers hinge their argument on a leading 1983 Supreme Court decision called Dirks v. SEC....
...after the release of Grand Theft Auto V,” said Edward Woo of Ascendiant Capital Markets, “but it is such a big blockbuster that it gives the company resources to invest and a lot of money for buybacks.”...
...However the head of investor relations at one of TPG’s main rivals said: “LPs [limited partners] want returns, they want to see their money put to work for them....
...The current flagship fund, TPG VI, with almost $19bn in committed capital, is in better shape....
...Analysts at Imperial Capital Asset Management, who did a painstaking analysis of the structure of the debt at the end of February, argued: “At recent levels, we view much of the capital structures to be...
...Morgan McKinley said its findings underlined forecasts that London would lose an extra 13,000 financial services jobs this year....
...just raised $1.15bn for its fifth fund, Baring Vostok Private Equity V LP, and another $350m in a co-investment fund....
...People close to the situation said V.Ships’ top management would re-invest into the company alongside Omers....
...In contrast, a comparable fund at Blackstone, BCP V, was already above par at the end of the third quarter....
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