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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
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Burford Capital, the litigation finance firm, has raised £100m with its retail bond issue, the third this year on the London Stock Exchange’s Orderbook for Retail Bonds, and the largest since August.
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Large flows coming into US credit have increased the attractiveness of CDX index options prices versus iTraxx, said market participants this week.
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After a short stint at ANZ, a former Royal Bank of Scotland managing director joined Banca Imi last week
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Preem, Sweden’s largest oil refiner, is marketing $700m of senior secured five year non-call three PIK toggle notes at numerous investor meetings throughout this week.
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Cirsa, the Spanish gaming company, increased a five year bond offering this week from €300m to €450m after receiving an enthusiastic investor response, and priced it tighter than the guidance range on Tuesday.
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China Aoyuan Property Group made light work of jittery market conditions on Monday with an extremely popular $250m bond that was more than seven times covered by asset-hungry investors.
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