Steve Bills
Rising interest rates are likely to lead to an increase in credit defaults and delinquencies later this year, but their impact will be modest by historical standards, according to market watchers at Moody’s Investors Service Inc.
An indefatigable promoter of the private equity industry on social networks has moved to his next gig.
Fifth Street Management is moving up the capital stack.
Prices eased on target companies in the second quarter, and sponsor contributions also declined, according to the latest quarterly data from the Leveraged Commentary & Data division of S&P Capital IQ.
U.S. buyout shops raised $12.8 billion in the latter part of July, bringing the industry’s total buyout and mezzanine funds raised so far this year to $89.9 billion. At this point last year, the industry had won $92.2 billion in investor commitments.
The first half of 2013 was the strongest ever for issuance of collateralized loan obligations, although the pace is likely to slacken for the rest of the year, according to the offshore fiduciary Appleby Global Group Services Ltd.
Midwest Mezzanine Funds has raised roughly $70 million for its fifth subordinated debt vehicle, regulatory filings showed. A person familiar with the effort said the Chicago-based lender is targeting an ultimate $200 million for the fund, which is being raised via two parallel structures.
In the evolving market for secondary sales of aging private equity portfolios, it is likely to take some time before dealmakers figure out approaches that will be relatively standardized, consistent and fair, says Trey Muldrow, an attorney at Akin Gump Strauss Hauer & Feld LLP who spearheaded one of last year’s pioneering deals. To be […]
The backer of the top buyout fund in the Buyouts historical performance database, turnaround investor Wingate Partners is coming to market for its fifth bite at the apple.
With two deals announced in the past month totaling $1.4 billion, Thoma Bravo LLC is returning to the fundraising market scarcely 18 months after it raised its last flagship fund.