Hints and tips:
...But I hear the point that if you look at the whole market, losses create a reasonable amount of value leakage from the advertised yields....
...But it was his early career as a lawyer in Australian rugby league that provided the blueprint for the Barings raid, which has given Weightman a whole team of private credit experts for his nascent investment...
...If those two are in a bubble, the whole market is a bubble....
...to Bob “Chip” Roberts IV and Bill “Scooter” Williams V....
...John Toohig, head of whole loan trading at Raymond James, wrote in to agree and added this commentary: We trade loans for middle-market banks. The issue has not been credit....
...Carlyle, meanwhile, purchased collateralised loan obligation manager CBAM Partners. Traditional asset managers have got in on the action too....
...Blackstone had no interest in buying the lender as a whole, they added. KKR, Carlyle and Ares have also begun studying loan asset purchases from SVB, said three people briefed on the matter....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...At what point does the advance become an investment or a loan, rather than an expense?”...
...Blackstone, KKR, Ares Management and Carlyle Group are also examining SVB’s loans portfolios. The groups are not looking to buy SVB as a whole....
...Reasonable loan covenants and restrictions were eroded and in some cases disappeared. Prices for buyout assets soared....
...to the end of the company life of SVF2 LLC....
...Even as it was increasingly clear that Alameda and FTX could not make customers whole, Bankman-Fried continued to misappropriate FTX customer funds....
...“The whole concept was we’re not going to foreclose,” says one borrower involved in numerous negotiations. “They’re in the business of ideally doing multiple deals with your portfolio companies....
...Back in 2021, LBO loans were available at a spread of 350-450 bps over Euribor (with protection for zero rates)....
...Now it lists just eight: 48) Loan Transactions and Technology LLC / Edge Tradeworks Edge Tradeworks, which previously operated under the “Loan Transactions and Technology” name, offer loan trading tools...
...The loan included “a guarantee from Evergrande’s listed company”, in Hong Kong. The size of the loan is unclear....
...“If you leave private assets out of this Platonic ideal, you’ll be leaving a whole lot of performance behind,” Shepard said....
...US interest rates are near zero, loan demand remains weak and growth prospects are still muted....
...One scoop to start: the US private equity group General Atlantic is in talks with Goldman Sachs to refinance a controversial €300m loan from Greensill Capital. Read more here....
...the solvency of Tether, but there are many established market participants that see no issue, a point underscored by the record amount of Tether minted in the early part of 2021 as discussed in Section IV...
...He captured hearts by vowing to pay off the student loans of the entire Morehouse College 2019 graduating class, the historically black college in Atlanta....
...Read up on the whole back-story with this piece from last year by DD’s Kaye Wiggins and Rob Smith....
...Banking syndicates led by Barings, Rothschilds and the economist David Ricardo offered to arrange loans. By mid-1835, 45,000 British slaveholders had claimed compensation....
...Built jointly by Kazakhstan and China, these pipelines, all since completed, would stretch more than 3,000km and be funded with Chinese state loans....
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