Banks

As deploying capital gets harder, lenders and lawyers are turning to hybrid structures that blend sub-line mechanics with parallel vehicles and squeezing more leverage out of uncalled commitments.

’We’ve discovered through our research if you have decision-makers that are diverse, then the capital will go to more diverse founders,’ says Christine Hockley of British Business Bank.

Speaking at affiliate title Private Debt Investor’s Seoul Forum on Monday, the Goldman president said 300m jobs could be disintermediated by the technology.

The bank is reducing the stress capital intensity of its businesses by selling balance sheet private equity investments, chief executive David Solomon said on the firm's earnings call.

A division of Wells Fargo has agreed to sell its Global Alternative Investments feeder fund platform to iCapital Network. The bank is also making a 'strategic investment' into iCapital.

The $1.9trn investor is ramping up co-investments with mid-market managers in its domestic market as improving corporate governance among Japanese companies is opening up carve-out opportunities.

Fintech is taking off all over the continent as firms plug the gap filled elsewhere by traditional financial services providers.