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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....
...These debts include mortgages and loans for cars, rental equipment and yachts....
...Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them on their pensions...
...Public records show that the Delaware-registered entity Son used to buy the property, SV Projects LLC, mortgaged the house to secure a ¥10bn loan — worth $92mn at the time — from Japanese bank Mizuho to...
...Janardana welcomed the discussion about policies to make London more attractive by tapping into pension funds’ greater liquidity....
...The majority of shareholders — including local pension funds and retail holders — would have received Apollo’s price while arb funds got their pay out....
...The loans are not just feeding Apollo’s wholly owned insurance operation, Athene....
...Second, while the IDA funding terms are “concessional” from a pricing and loan tenure perspective, it still leaves the currency risk of the loan component with the recipient country....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...The investment managers that form the layer in between get their capital from insurance companies, sovereign wealth funds, pension funds and so forth....
...A growing number of people in Foster’s generation and younger fear they may never be able to retire as they struggle with high housing costs, student loans and lower wages....
...The legislation will see the creation of a fund for investing in stocks, backed by loans taken out by the federal government, that is forecast to be worth at least €200bn by the mid-2030s....
...We make loans to really large companies with over $200mn of Ebitda at 40 per cent loan to value, or 45 per cent. Pre-GFC, those would have been smaller companies and 65, 70, 75 per cent loan to value....
...pension deals....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...Its loan is convertible into Viavi stock at $10.22. Viavi’s stock opened higher than that on Tuesday....
...Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...Andrew — not his real name — faced such a bill after transferring his £174,000 pension pot from his employer to a scheme called Salmon Enterprises. He received a £140,000 loan in return....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...Note, however, that this cannot be accessed until the legal pension access age....
...Faced with a daunting NHS wait-list for her first hip replacement, Helen Walters travelled to Turkey for a private operation that drained her entire pension....
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The parent company’s owners include NatWest’s pension fund, a Canadian pension fund and an Australian infrastructure investor....
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