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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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Sven Baumann had been with Citi for seven years -
The first deal is expected soon, with a further 12 issuers lining up alongside Fortress to set the benchmark for middle market CLOs
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Floating rate paper in high demand as Fed accelerates tapering timeline
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Appointment follows similar moves in France and Italy
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