Hints and tips:
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...DWS is also adding securities lending activities to the ETFs, the company said....
...Between signing that deal in 2006 and closing it in 2008, the financial crisis unfolded and the two firms had to get their lending banks to buck up in order to fund the bridge loans....
...An FT investigation earlier this year revealed that a bank owned by Gupta had come under scrutiny from UK regulators for its lending to shell companies that finance entities he controls....
...investors in Kabbage include BlueRun Ventures, SV Angel, Mohr Davidow Ventures, Thomvest Ventures, Reverence Capital Partners, UPS Strategic Enterprise Fund, Warren Stephens, and David Bonderman, founder of TPG...
...Anastasia Beverly Hills and TPG declined to comment....
...“As savings and lending activities move online, technology companies are able to use their big data analytics to offer flexible micro-financing to the younger generation of consumers,” said Chang Sun, TPG...
...unit (WSJ) Bain Capital Specialty Finance files for IPO (Reuters) HIG, General Atlantic to exit FNZ in £1.65bn sale (PE Hub)...
...Since then, Mr Jacobs has hired two investment banks to try to cobble together lending commitments worth as much as $100bn to back a bid, according to people familiar with the matter....
...TPG wrote down its investment by 84 per cent in 2015, according to Bloomberg. TPG declined to comment for this article....
...Loan portfolios are best grown slowly, says Mr Senturia, who is now advising a handful of fintechs and specialty finance companies....
...But the groups struggled since the 2008 financial crisis as lending dried up, and competition increased from fast-fashion chains and other sports and athletics apparel retailers....
...Before Apollo, Johnson worked at GE Capital, where he headed the firm's UK and pan European asset backed lending corporate and middle market divisions....
...Akzo Nobel’s specialty chemicals unit is also for sale, with a price expected at about €9bn....
...(WSJ) Goldman Sachs’ lending shift With its securities-trading business flagging, the venerable investment bank is making a big push into the lower-octane business of lending in an effort to grow....
...investors in Kabbage include BlueRun Ventures, SV Angel, Mohr Davidow Ventures, Thomvest Ventures, Reverance Capital Partners, UPS Strategic Enterprise Fund, Warren Stephens, and David Bonderman, founder of TPG...
...A version of this article was first published by the Nikkei Asian Review on May 2, 2018. ©2018 Nikkei Inc. All rights reserved....
...Aneek Mamik, head of North American specialty finance for Värde, said in a statement: “We see a great opportunity to grow the business.”...
...That’s from VPC Specialty Lending (VSL) Investments’ second quarter letter, released earlier this week (mea culpa, we didn’t spot it at first)....
...Kensington Mortgages, which is owned by Blackstone and TPG, was the most active securitiser of mortgages in the UK last year....
...Related links: A note for your calendars: the end of the credit cycle – FT Alphaville Ally seeks to quell fears of a car loans bubble – FT Regulator raises red flag on auto lending – WSJ...
...And one of the largest public BDCs, an affiliate of the private equity group TPG called TPG Specialty Lending, has proposed an outright takeover of TICC Capital....
...“The middle market leveraged lending [operations] are great platforms, particularly domestically,” he said....
...Most of the investment in the fintech sector has been on consumer payments and borrowing, small business lending and security, rather than capital markets infrastructure....
...Goldman Sachs’ asset management arm plans to list its own BDC, while the private equity firm TPG Capital is also preparing an initial public offering of its private BDC, TPG Specialty Lending....
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