Hints and tips:
...Lavine joined Bain in 1993, leading its credit investment business before being named co-managing partner in 2016....
...The sector “has a great track record of organic growth, maybe two down years in 30 years, and the down years are hardly down”, said Blake Kleinman, partner at H&F....
...So I thought it was a good time to catch up with Armen Panossian, who will become Oaktree’s co-chief executive by March and currently heads up its performing-credit business....
...As the name suggests, this is a “business development company”, a weird but fascinating and uniquely American construct....
...It’s one of the many things we’ll be discussing at The Business of Football Summit, which returns next month in London....
...In today’s newsletter: DD chats with Silver Lake’s Egon Durban Private credit pounces on loan deals Silver Lake prepares for big ‘all-in’ bets US private equity group Silver Lake is up to big things....
...This is a great time for private credit. This is not a quarter that’s a great time for private credit, this is a secular change....
...“We think there’s a great investment opportunity in Venezuela because bonds that faced trading restrictions . . . are now free to trade,” he said, adding the potential normalisation of Venezuela’s weighting...
...liquid credit strategies....
...It is made up chiefly of Brunello offcuts and is great value....
...The four executives are Matt Nord and David Sambur — two senior partners who lead Apollo’s private equity business — as well as deputy chief investment officer of credit John Zito and Grant Kvalheim, president...
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...“Sponsors will make rational decisions to support their great assets and they won’t let a small amount of interest expense or leverage get in the way of the future of business....
...“We still think China offers great opportunity,” Caillaux added in a Bloomberg TV interview. “Our investors still want China exposure and we still think there’s a great moneymaking opportunity there.”...
...RBC has revamped its European credit team, tapping Bank of America’s Georgio Gregoriou, Credit Suisse’s Marc Sánchez Roger and company insider Andrea Marcheggiano for senior roles....
...Franklin said the deal would nearly double assets managed in its defined contribution business to $90bn....
...Of that purchase price, $10bn will be in the form of equity funded by Silver Lake and other partners....
...Until April 7; further information and tickets here ‘Lucian Freud’s Etchings: A Creative Collaboration’ and ‘Diva’, V&A South Kensington An exhibition of the print-work of the great British artist known...
...Of course, FT readers following the story closely know that prosecutors allege that much of the business O’Sullivan brought in wasn’t real at all....
...Notably, the firm has developed a major commodities business and grown into a natural gas powerhouse....
...A wintry Milanese light soon falls over matters of art, business, sex, money, and most memorably, food. (Fabled Milan restaurant Cracco is another thinly veiled presence.)...
...But Ivascyn is waiting for companies’ credit ratings to be downgraded, which he expects to prompt forced selling among vehicles like collateralised loan obligations....
...There, in the handsome 1930s Amtshaus V government building (lovely lettering over the door), you will find Zürich’s leading poster gallery, Placart, and its immensely knowledgeable owner Tomas Rabara....
...When I joined Credit Suisse First Boston in the summer of 1999 I knew where the action was — equity research. Yes, really....
...Leon Hess, who started the business as a heating oil delivery company during the Great Depression, is best known for his spat with former New York City mayor Ed Koch after he bought the New York Titans —...
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