Equity, not debt, will be key to pump-priming British economy and revitalising businesses. This lesson was learned by the Industrial and Commercial Finance Corporation, established after the second world war to kickstart the economy and fill the ‘Macmillan gap’ – the...
Due to Covid, exits from companies are likely to decline in the next six-12 months as investors are expected to remain invested in companies for a longer period to achieve desired returns. As investors have pulled back from actively backing in companies amid Covid...
Private equity firm Blackstone Group LP’s credit arm GSO Capital Partners is seeking US$7.5bn for its fourth subordinated debt vehicle, according to investor notes from the Teachers’ Retirement System of Louisiana. The New York-based asset manager has launched its GSO...
Dry powder is now at a record high, but how will it be put to work? The private equity industry entered the Covid-19 crisis with a mountain of dry powder, about $2.5 trillion in total, over $800 billion of which was earmarked for buyouts. That’s more than double of...
The top-performing fund has posted gains of 64%, while at the other end of the table the worst performer is down 42%. The vast majority of the thousands of funds available to retail investors posted a loss in the first six months of 2020, but funds heavily focused on... 