It’s been a good week for the UK banking community. RBS and Lloyds, heavily indebted to the taxpayer after their bailouts, posted encouraging results which showed a return to profitability.
3 min read · 02 August 2013
Assured Guaranty and the EIB are helping to put project bonds back on the European menu.
2 min read · 01 August 2013
Manager selection from an LP’s perspective is viewed as a science, but it’s also an art. Institutional LPs and funds of funds will have complex tools to vet performance data and thereby identify leading managers. But software can’t tell you everything.
2 min read · 26 July 2013
Portfolio management’s a tricky business – especially when it comes to illiquid assets with long-term lockups that offer virtually no flexibility. So when a public pension finds a way around an underwhelming commitment, it can be a rare achievement.
2 min read · 19 July 2013
The world’s largest money manager sees clouds forming over Asian markets and economies due to several macroeconomic factors.
2 min read · 18 July 2013
When LBO France handed over the keys to French building materials group Terreal this week to the company’s lenders, there were eerie echoes of another French deal – PAI Partners’ loss of Monier back in 2009.
3 min read · 12 July 2013
Lloyds managing director David Whitely discusses the high yield bond market.
4 min read · 12 July 2013
Just too late for the latest issue of Private Debt Investor, which incidentally features a special feature on infrastructure debt, comes the news today that Hadrian’s Wall is to wind up.
2 min read · 05 July 2013
Although a short-term headache, China’s ‘credit crunch’ is not expected to heavily impact real estate investment in the country in the long run.
2 min read · 05 July 2013
French asset management group Tikehau this week announced it had bought a 35 percent stake in Duke Street Capital. The move raised eyebrows at first at Private Debt Investor HQ, as Tikehau has a well-established private debt arm. Did this mean Duke Street, which switched to a deal-by-deal funding model last year, would solve its debt funding riddle? One concern with a deal-by-deal model is that wedded to the time it takes to put together a debt financing package, you also have to pull together an equity syndicate too. Would Tikehau Investment Management (the French group's debt segment) get first refusal on a string of Duke Street buyouts?
2 min read · 28 June 2013
