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...That tops the $20bn it raised for a fund in 2021 and bucks a trend of shrinking fund sizes at large private capital groups as pension funds cut their exposure to unlisted assets....
...A-Cap to cut exposure to the group....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...group....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...S&P 500 dividend yields went as high as 9.2 per cent in the first quarter of 1938, according to S&P Dow Jones Indices. Even IPOs paid them, as I read to my surprise in Peris’s book....
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...The owner of the B&Q, Screwfix and Castorama DIY chains has warned that profits will fall this year, piling pressure on the group to accelerate its turnaround plan....
...Rohit Bhat, managing director of capital markets, exchanges and digital assets at Google Cloud, said that high-frequency trading firms were a segment “that we are working very closely with”....
...Paramount’s non-voting class B shares jumped to close 13.1 per cent higher at $13.86 on Thursday after The Wall Street Journal first reported that Sony and Apollo had sent a non-binding expression of interest...
...TCI made $12.9bn for investors and ended last year up 33 per cent, ahead of the S&P 500 index’s 24 per cent rise....
...Private equity group Silver Lake, an investor in Manchester City’s parent group, raised its largest fund to date....
...The answer is sort of interesting (all data from S&P Capital IQ): Companies in the S&P 500 have an average price/earnings ratio of 23, based on earnings estimates for the next 12 months....
...In September, a rival bidding team made up of I Squared Capital and TDR Capital entered the fray with a €9.75 a share offer....
...So I ran some numbers on the S&P constituents, looking at valuation multiples, expected and historical growth rates, and various measures of return on capital....
...All three groups declined to comment....
...He was a day-one investor in venture capital giant Sequoia Capital, as well as other leading private capital groups including Benchmark Capital and Hillhouse Investments....
...Mubadala Capital’s $3bn bid for Fortress Investment Group, a powerhouse investor in credit markets with a large bet on US rail infrastructure, has cleared a significant regulatory hurdle after the parties...
...The owners and managers of the True Confidence, who purchased the vessel just days ago from US private equity group Oaktree Capital, gave details of the deaths and injuries in a statement on Thursday....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Apollo has built more than a dozen internal debt “origination” platforms that construct and issue high grade debts for its insurer Athene and other independent groups....
...Companies to have defaulted in February included US ferry and cruise operator Hornblower, US software group GoTo and UK cinema group Vue Entertainment International....
...Anyway, back to the S&P report. They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
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