Steve Bills
Buyout fund sponsors are optimistic about fundraising despite the crowded market, the accounting firm Ernst & Young LLP reported. The firm said that 75 percent of general partners in a survey said they expect the fundraising environment to improve or remain the same in the coming year, despite uncertainties about the economy. “It’s a lot […]
Monroe Capital Corp., the long-gestating business development company backed by Chicago lender Monroe Capital LLC, raised $75 million in an initial public offering Wednesday, pricing five million shares at $15 per share.
Firm will pursue distress, other credit strategies Firm also bundles CLOs, invests in PE Flagship strategy is credit arbitrage BlueMountain Capital Management LLC has raised $736 million to invest in distressed debt and other credit strategies, a regulatory filing showed. The vehicle, BlueMountain Credit Opportunities Fund LP, attracted commitments from 44 investors, the filing showed. […]
Buyout firm ABRY Partners LLC is going back to the market to raise its fourth mezzanine fund, according to an investor’s report.
Prices eased for mid-market buyouts in the third quarter, and credit conditions eased a tad, according to Standard & Poor’s Leveraged Commentary and Data. Equity contributions remained high by historical standards.
Buyout firms are fortifying their marketing and investor relations teams, and those executives are landing pretty solid salaries.
While the JOBS Act may ease certain restrictions on buyout fundraising, it may well introduce new competitors in dealmaking, in the view of Brian Hamilton, the CEO of Sageworks Inc., a data-analytics company focused on private companies. The key reason: The law, now in regulatory implementation, opens new opportunities for owners to achieve liquidity. The […]
Seizing the opportunity to raise new money in a low-rate environment, business development companies are issuing new equity and debt and taking other steps to shore up their financial positions.
Its largest new-issue CLO since buying Churchill CLOs hold 45 percent of leveraged loans outstanding Carlyle GSM arm has $29B under management The Carlyle Group continues to push ahead in leveraged credit, announcing that it has closed its third new-issue collateralized loan obligation this year, at $615 million. This CLO is the firm’s largest since […]
Card-payment processors, long a darling of the buyout business, may be losing their luster, market watchers tell Buyouts.