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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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Other direct lenders in Europe are keen to follow in the manager’s footsteps
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Hire follows senior bankers quitting
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Acquisitive company also prints bonds following Valinor purchase
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BNP Paribas places full capital stack, with broadly syndicated investment grade tranches
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There is no crock of equity gold at the end of the rainbow
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