by Sebastian | Aug 30, 2024 | News
Singapore-based alternative investment firm SeaTown Holdings International on Tuesday said it has raised more than $1.3 billion for its second private credit fund from limited partners including insurance companies and family offices. SeaTown, a unit of state-owned...
by Sebastian | Aug 30, 2024 | News
Saudi Arabia’s sovereign wealth fund has signed a $15 billion revolving credit facility with a group of banks, replacing a previous funding agreement it reached in 2021. The Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, said the loan has a tenor...
by Sebastian | Aug 30, 2024 | News
BlackRock Inc. has initiated an auction for German startup SellerX, taking the unusually aggressive step after a loan granted to the Amazon aggregator soured. An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L...
by Sebastian | Aug 30, 2024 | News
NFL team owners officially approved another way for them to receive money. The league’s franchise owners voted in favor of a rule change allowing private equity firms to buy a stake of up to 10% of a team, per Sportico, unlocking billions of committed and...
by Sebastian | Aug 30, 2024 | News
With increased financing costs and economic uncertainty reducing exit opportunities over the past five years, financial sponsors have found themselves with elongated holding periods and a need to explore levers they can pull during the holding period to create...
by Sebastian | Aug 30, 2024 | News
Global investment firm KKR has completed the acquisition of Varsity Brands, a team sports, athletics and spirit company, from Bain Capital and Charlesbank. The financial terms of the transaction have not been disclosed. Media sources report its value to be $4.75bn....
