KKR Takes the Lead for Private Credit as Investors Embrace its Allure
Private credit is increasingly becoming a popular choice for long-term investment allocations, according to investment firm KKR & Co. Despite a rebound in public credit markets, more and more clients are permanently shifting their focus to the private credit market, which currently stands at $1.5 trillion. Christopher Sheldon, co-head of credit and markets at KKR, […]
Citi Exclusive: Latest Wave of Lawsuits | Explained
A trader who was previously employed by Citi has taken legal action against the bank, claiming that he was unfairly terminated. The former employee, Ian Weir, asserts that he was made a scapegoat for the bank’s regulatory failures regarding stock trades in Asia, which spanned a period of ten years. According to Weir, he was […]
Vanguard Profits Rise 13% and it Strengthens European Team
Leading US investment firm Vanguard experienced significant growth in its European operations, leading to a substantial increase in revenue and profit. The division responsible for Vanguard’s European business, Vanguard Asset Services, encompasses various asset management businesses across six countries including the UK, Ireland, France, the Netherlands, Germany, and Switzerland. In 2022, the company hired 86 […]
Affinity Equity Partners Pauses Continuation Fund Amid Challenging Market Conditions
Hong Kong-based Affinity Equity Partners, an Asia-focused private equity firm, has decided to pause its plans for a continuation fund due to challenging market conditions. The assets involved in the plan included the operations of Burger King in South Korea and Japan, as well as a purchasing management business in South Korea called ServeOne. According […]
BlackRock Launches Innovative Climate Transition Fund for Low-Carbon Economy | Exclusive
BlackRock, the global asset manager, has recently introduced a climate fund designed to facilitate the transition to a low-carbon economy through investments in private debt markets. The fund will be managed by a team of private debt investors and specialists in sustainability and transition investing. According to James Keenan, Chief Investment Officer and Global Head […]
JP Morgan Appointed to Spearhead New Era IPO
New Era Cap, a prominent manufacturer of caps for major US sports leagues, is taking steps towards an initial public offering and has chosen JP Morgan to spearhead the operation. Sources familiar with the matter revealed that the company, which is supported by the National Football League, Major League Baseball, and the National Basketball Association, […]
Barclays Cuts 50 Senior Dealmakers in Annual Staff Reduction
Barclays Plc is planning to reduce its workforce in the investment bank as part of its annual staff reduction. The bank is expected to cut approximately 50 senior dealmakers, representing around 3% of the total headcount in the corporate and investment bank, which includes trading operations. The decision to downsize comes as Barclays and other […]
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