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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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European high yield borrowers have pushed out many of their maturities beyond 2018 and face low needs to refinancing in the short term, according to a research paper published by Moody's on Wednesday.
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Pemberton Capital Advisors, a UK asset manager, has won €547m of commitments for a fund that will lend to mid-market companies in the UK and Europe, adding another player to this increasingly crowded market.
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Last week proved that companies could issue bonds in Europe if they wanted to — Danaher even raised €2.7bn. But this week shows that most of them don’t want to.
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Bumi Armada has signed a loan and standby letter of credit facility worth a $755m with a group of seven banks. The money will be used to take out a bridge loan the company raised in March 2014 for the acquisition and installation of the Armada Kraken floating production storage and offloading vessel (FPSO).
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US-headquartered Highbridge Principal Strategies has hired two senior portfolio managers in London to start a new European CLO platform.
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Moody’s upgraded Europcar's corporate family rating from B3 to B1 on Tuesday, rewarding the car rental group for the improvement in its debt metrics since it raised €475m in its Paris IPO.
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