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The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
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Green reverts to private equity remit and takes on role at portfolio company following credit team carve-out
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New capital requirements for leveraged finance could put banks at a disadvantage
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New capital markets and advisory department will sit within wholesale banking division
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Firm is fleshing out private asset capabilities
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Borrowers likely to opt for bespoke credit structures while banks struggle with onerous capital requirements
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Manager closed $1.4bn debut fund in early 2022 and was anticipating full deployment by year-end
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