Magda Ali
/March/News/BoE%2080x80.bmp "Bank of England: Over-leveraged buyouts pose systemic threat")
The Bank of England has warned that over-leveraged companies acquired by private equity during the buyout boom of the early 2000s could spark a new financial crisis in the event of widespread defaults.
Partners Group predicts the favourable characteristics of European mezzanine investments – high returns and low default rates – over the last 21 years will foster increased interest in the credit instrument.
US clothing retailer American Apparel is hoping to reduce its substantial debt burden via a private placement of senior secured notes to US-based institutional investors.
Hedge fund manager Eyck Capital is expected to begin trading with its first European distressed debt hedge fund next month.
We examine the challenges facing both new and existing managers seeking to raise capital in a taxing market.
The appearance of several new CLOs suggests there’s hope for the ailing European market yet as its US counterpart goes from strength to strength.
.bmp "Legal & General urges investors to look at high yield")
Investors are increasingly looking for income-focused strategies that are less sensitive to interest rate and inflation shocks, with high yield bonds.
/February/News/Stuart%20Mathieson%20US%2080x80.jpg "Babson eyes September close for $250m distressed fund")
Babson Capital Europe has already started lending to distressed European businesses, as it works to finalise 20-30 commitments ahead of a projected September close.
/February/News/derek%20hynes%2080x80.bmp "ECM taps into the deleveraging credit cycle")
ECM Asset Management has launched European corporate-focused Luxembourg-domiciled UCITs absolute return fund attempts to capture rise and falls in the deleveraging credit cycle.
.jpg "Managers ink new deals as US CLO market booms")
The US collateralised loan obligation market is carrying over its 2012 momentum into 2013, with two recent funds from ING and Jeremy Ghose’s 3iDM.