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...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...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...
...Pimco has bought more than €1bn of loans from banks that underwrote Apollo’s takeover of a French payments business, in the latest example of the fund manager taking on a backlog of buyout loans at a deep...
...“It’s becoming an important area for us in global markets,” said founder Robert Koenigsberger. “We feel like we are coming into the sweet spot of litigation funding.”...
...Smart reads Blurred lines Two of Abu Dhabi’s biggest banks have reported billions of dollars in loans in recent years tied to their boards that include high-profile royal family members, The Wall Street...
...Greensill Capital repaid the Laufer loans in 2018, shortly after a $250mn investment from US private equity firm General Atlantic transformed the valuation of the finance firm, to surpass $1bn....
...Earlier this year, Vista hired Goldman to arrange a $1.5bn loan secured against its portfolio companies, the FT has previously reported. Some of the money was used to pay investors....
...Portfolio manager Robert O’Leary and performing credit head Armen Panossian will succeed him as co-chief executives....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...to Bob “Chip” Roberts IV and Bill “Scooter” Williams V....
...FT Alphaville decided to take a look at how Vivion reported the shareholder loans in its balance sheet....
...General Atlantic funnelled the original Greensill loan through a series of holding companies and used it to buy a minority stake in two financial services and software businesses, Stoxx and Axioma, in a...
...’s successful bid to offer taxpayer-backed Covid loans....
...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....
...The debt financing includes a $4.55bn term loan and $4bn secured bond, as well as loans the banks plan to hold themselves....
...Its hedge funds have also invested in asset-backed securities and pass-through certificates tied to Upstart loans....
...Banks have struggled to distribute loans backing Clayton, Dubilier & Rice’s £6.6bn take-private of the supermarket chain Wm Morrison....
...Private equity firms have traditionally funded their leveraged buyout deals by taking loans against a target company’s assets....
...Last month, Kravis and Roberts stepped down as co-chief executives of the firm....
...The accounts of General Atlantic’s Dutch special-purpose vehicle stated that the loan was agreed on an “arm’s length basis”....
...Greensill’s lawyers said in court that Credit Suisse, citing “events of default”, had demanded repayment of a $140m loan it provided to Greensill in October....
...He will be replaced by Robert Jordan, currently the executive vice-president of corporate services....
...The accounts of General Atlantic’s Dutch special-purpose vehicle stated the loan was agreed on an “arm’s length basis”....
...Executives are also reviewing the circumstances of a $140m bridging loan provided to Greensill last November....
...Caliber Home Loans originated $57bn in home loans in the first nine months of 2020, an increase of 50 per cent, year on year....
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