Hints and tips:
...After the financial crisis, it spent Rmb4tn (nearly 13 per cent of GDP back then) building out infrastructure....
...Public relations firm Teneo has acquired debt and restructuring advisory Herter & Co, resulting in the Frankfurt-based firm’s team — led by Marcel Herter — joining Teneo’s financial advisory business....
...Portfolio manager Robert O’Leary and performing credit head Armen Panossian will succeed him as co-chief executives....
...Robert Shiller argues this was “the beginning of the electronic era in finance”....
...Did pension funds kill the UK equity market? And how can they be harnessed to revitalise it?...
...Robert Dishner, senior portfolio manager on the multi sector fixed income team at Neuberger Berman, is not spending his days poring over squiggly lines on weather maps....
...Robert Cohen, a portfolio manager at asset manager DoubleLine Capital, said the rapid shift in expectations around the Fed was “driving everything” in the market....
...For years, KKR has touted a programme under which it awarded equity, that supplements regular pay, to ordinary employees at its industrial portfolio companies....
...Prior to Russia’s invasion of Ukraine, Elliott Management and Robert Smith’s Vista Equity Partners agreed a deal to take Citrix private for $16.5bn, merging it with an existing Vista portfolio company Tibco...
...But debt taken on by buyout firms themselves, as opposed to their portfolio companies, marks a shift from the past....
...For China’s government, the real estate sector poses financial, social and systemic risks....
...Corporate debt, often just referred to as “credit” in the industry, is significantly more complex than equities....
...investment firm’s dealings with its portfolio company....
...KKR co-founders Henry Kravis and George Roberts took home roughly $90m each....
...equity’s continued access to cheap debt for new deals....
...She will continue to be based in London and maintain her existing role, head of portfolio operations and chief operating officer of Investcorp’s European private equity business....
...Robert Smith, the private equity investor who captured headlines with his promise to pay off the student loans of last year’s graduating class of Morehouse College, is the target of a US probe into his tax...
...You can read more about the Holy See’s lucky escape from a credit default swap disaster in this story by Miles Johnson and Robert Smith....
...Funds such as the debt-investing arms of private equity powerhouses KKR and Carlyle are the biggest managers of these CLOs, which have made great strides since the past financial crisis as traditional lenders...
...up one of the biggest leveraged buyouts since the financial crisis....
...equity left....
...Nestlé will continue to reap profits from the private equity venture and maybe a float. If you’d like to dig down into the deal’s financial engineering, Lex has the full details here....
...Management has taken important actions since March: deferring £1bn of capex due in the next three years; raising c£2bn of debt financing and £419m in an equity issuance; and launching a major cost-savings...
...Daubenspeck joins from ClearBridge Investments, where he worked as a portfolio manager. He will focus on investor engagement....
...One PE situation to watch: Carlyle has instructed advisers to sell taxi business Addison Lee by early next year as the private equity firm races to avoid a debt restructuring. More here....
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