Goldman CEO Says SPAC Explosion ‘Unsustainable’

Goldman CEO Says SPAC Explosion ‘Unsustainable’

Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported. Companies or investment groups create SPACs to raise money through the sale of stakes to either the...
Blackstone Passes $2.8 Billion for Latest Credit Fund

Blackstone Passes $2.8 Billion for Latest Credit Fund

The strategy invests in mezzanine debt, a sector that soared last year as parched investors shopped for yield. Blackstone Group Inc. has closed on more than $2.8 billion so far for a new vehicle that invests in mezzanine debt, an area of private credit that has boomed...
Partners Group, KKR, MIRA bunker down for Link’s PEXA

Partners Group, KKR, MIRA bunker down for Link’s PEXA

Macquarie Capital and UBS’ bankers formally kicked off talks with suitors for Link’s 44.2 per cent stake in Torrens Group Holdings, which owns electronic property payments platform PEXA.   The goal is to realise value for Link Group shareholders who,...