Bank of America Merrill Lynch related stories
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Friday Price: The right priceThese are halcyon days for the US high yield market. Take yesterday’s announcement that technology group SunGard had successfully raised a $3 billion (€2.5 billion) junk bond in support of the $11.3 billion buyout of the company that took place in March this year by a seven-strong consortium of private equity firms, led by Silver Lake Partners.
- Friday Letter: Don’t be the whipping boy for institutions
Two recent developments in the entertainment industry have highlighted a trend: direct ownership of intellectual property is a strategy that is drawing increasing numbers of professional asset managers.
- Friday Letter: Content is king
Two recent developments in the entertainment industry have highlighted a trend: direct ownership of intellectual property is a strategy that is drawing increasing numbers of professional asset managers.
- Friday Letter Speak Up
One of the UK’s most outspoken (and it should be noted, successful) private equity managers once told PEO all successful private equity professionals were psychologically flawed. At the very least, he added, the ones he hired were. For this GP, it was executives with a point to prove that made the difference.
- Friday Letter Cleaning up the carnage
Wall Street’s institutional meltdown gives private equity players the opportunity to provide aid in more ways than one.
- Friday Letter After all this pain, things will get better
The past 12 months have brought unprecedented turmoil to markets everywhere, and the private equity industry suffered profound ripple effects from many of the year’s most dramatic events.
- Friday Letter Strange days
Two funds closed above the $1 billion mark this week, while another private placement group bit the dust. Which is more reflective of today’s fundraising climate?
- Blackstone plots first Asia real estate fund
The New York based alternative asset and advisory firm told a conference hosted by investment bank Goldman Sachs its first Asia focused real estate fund is in the offing.
- Change is afoot at Mercury Capital Advisors
The Bank of America Merrill Lynch placement spinout has undergone a restructuring, bringing in new talent to replace outgoing personnel having earlier made changes to its economic structure.
- HIG launches debt arm in Europe
HIG Capital has launched a European operation of its fledgling credit arm, HIG WhiteHorse, in a further sign that private equity groups are looking to tap into the market for private debt.