Private Equity
The recovery from the financial crisis has not been kind to providers of mezzanine debt. Providers of such junior credit have seen themselves largely pushed to the sidelines during the past four years, as borrowers, and the sponsors behind them, took advantage of less costly financing.
6 min read · 01 July 2013
2 min read · 17 June 2013
U.S. North American buyout shops raised $1.9 billion in investor commitments in early June, bringing the total for the year to $39.6 billion for buyout and mezzanine funds. At this point last year, firms had raised $74.5 billion.
1 min read · 17 June 2013
With the economy showing consistent signs of growth and government officials signaling a possible end to the policy of super-low interest rates, markets have responded with a series of nervous twitches that could mean higher costs for leveraged finance sooner rather than later.
4 min read · 12 June 2013
Bain Capital LLC is returning to the credit market just a year after raising $3.5 billion there in 2012.
2 min read · 11 June 2013
When Fidelity National Financial Inc made its $2.9 billion bid to acquire Lender Processing Services in May, it was almost like getting the old band back together again.
3 min read · 10 June 2013
Ever since the JOBS Act passed, enabling buyout shops to market their funds beyond a closed circle of accredited investors, we’ve been watching for the emergence of a service provider to verify that an investor who claims to be accredited to invest in your fund actually is so.
2 min read · 03 June 2013
U.S. buyout shops closed on $543 million in commitments in the latter part of May, bringing the total raised so far in 2013 to $37.8 billion in buyout and mezzanine commitments. At this point last year, firms had raised $66.4 billion.
1 min read · 03 June 2013
As the euro zone crisis eases to a dull, chronic economic ache, U.S. distress investors are beginning to look across the Atlantic for business opportunities. Lone Star Funds, the Dallas-based buyout shop with a fresh $5 billion of dry powder, has done a series of deals with banks on the Continent in an apparent bet that the worst is past and Europe’s troubled financial sector is poised to recover.
6 min read · 30 May 2013
Babson Capital Management is consolidating five of its mid-market lending unit into a single organization, paving the way for the company to build out a new suite of products for investors, such as customized accounts and commingled funds.
2 min read · 28 May 2013
