Top section
Top section
As funds swell, pressure to deploy rises and managers can stray from their expertise
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
More articles
More articles
More articles
-
ICG’s St. Paul’s CLO X, arranged by Goldman Sachs, was priced on Monday evening with triple-As at 114bp while the Ares, Redding Ridge and Guggenheim CLOs are expected to price by Friday.
-
Philippine oil company Petron Corp has returned to the offshore loan market after a two year absence, picking a bigger lead group that has allowed it to achieve much tighter pricing. -
When will the supply of Chinese property bonds end? Bankers detected hints of indigestion after a rush of deals last week, but that does not appear to have slowed down the mass of supply. Five more companies turned to dollar bond investors on Monday.
-
China’s Guorui Properties priced a smaller-than-expected new bond ahead of a looming $250m maturity on March 1. But investors are still wary of another one of the company’s bonds: a $300m deal that becomes puttable in the same month.
-
Analysis of CLO trading by JP Morgan’s fixed income research team concluded that, through the selloff in the fourth quarter last year and the rally this year, loan trading by CLO managers beat the market, with the vehicles successfully buying low and selling high compared to broader movements — and compared to waiting out the volatility entirely.
-
Wind turbine manufacturer Senvion revealed on Sunday night that it was exploring debt restructuring options, following a torrid week in which its bonds dropped more than 15 points. The company’s largest shareholder, private equity firm Centerbridge, pledged to "support this transformation", while the company will draw on its super-senior guarantee facility to keep operating.
Sub-sections
shared comment list
