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...The notice to regulators comes five weeks after A-Cap’s chief executive, Kenneth King, announced plans to raise up to $400mn of new capital following a credit rating downgrade by AM Best....
...Some insurance and pension companies have significantly expanded their investments in private credit and other illiquid investments....
...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...
...That faced public opprobrium over safety issues and was eventually taken into special administration in 2002....
...That document will also indicate increases in customers’ bills to fund investment in Thames Water’s creaking infrastructure....
...CVC, which manages €186bn across investment strategies ranging from buyout to credit, has endured a years-long wait to go public, twice having to postpone listing in the wake of market turbulence....
...Investors should be asking what distinguishes private equity from other, more traditional, investment strategies....
...He previously worked at UBS and Credit Suisse. Deutsche Bank has promoted William Mansfield to head of Emea mergers and acquisitions....
...“We are paused on making brand new investments while we continue the transition to new investment leadership.”...
...This article has been updated to clarify that Barings is pausing new investments in some, rather than all, of its private credit funds....
...Chris Weston, the utility’s chief executive, told Radio 4 that special administration was “a long way off” and could be avoided if shareholders agreed to provide funds....
...around €15bn when it sold a minority stake to Blue Owl in 2021.Originally spun out from Citi’s London office around three decades ago, CVC has also expanded beyond buyouts into other businesses such as credit.Last...
...But the company also took the contrarian move of selling its credit unit, an area many of its listed competitors have been seeking to grow....
...Some customers have special requests for the outside of the car, to go with the personalised interior....
...Some policies also apply special conditions relating to health and medical conditions to travellers over the age of 65....
...Soho House said on Friday that a special committee of the board had begun to evaluate “certain strategic transactions, some of which may result in the company becoming a private company” in the autumn....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...Tim Short was an investment banker at Credit Suisse First Boston where he specialised in whole business securitisations, including for water companies....
...TSMC’s leading-edge fab investment at home continues to far outpace that in the US....
...Alongside growing its core private equity unit, the group has expanded into other asset classes including credit and infrastructure....
...This is getting sort of salted throughout the entire financial system, throughout investment portfolios, throughout your pension plan and mine....
...Two years ago Ruffer’s investment chief Henry Maxey promised us a full-blown liquidity crisis as the Fed tightened monetary policy. All we got were a few gormless US banks embarrassing themselves....
...We share this photo special for our readers....
...Overall, opco haircuts of 15-25% reflect a plausible downside scenario that credit investors should consider when making their investment decisions, in our view....
...Alex Savvides is expected to join Jupiter by the Autumn of 2024 and, upon arrival, will assume management of the £2.1bn Jupiter UK Special Situations Fund....
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