The billionaire investor’s insurer is the biggest user of an unusual investment structure being targeted by US regulators
FTSE 100 energy group says bid ‘fundamentally undervalues’ its business
Acquisition comes as private capital groups push into increasingly complicated transactions requiring advisory
Silver Rock Capital Partners draws in biggest credit fund to date
Asset manager drew investors even as performance in private credit and buyout units suffered
LVMH-backed group will seek to harness influence of sports personalities to enhance portfolio companies
Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi
The big unknown is how the conflict could alter the Gulf’s investment priorities in the next year or two
FT analysis of 16 funds shows extent of fees paid to banks and brokerages
The $22tn industry is facing the prospect that returns will fall far short of the expectations of investors
Investors anticipate moneymaking bonanza as sector comes under strain
Insurers are set to merge to create a $22bn life insurance giant
Swiss bank said liquid assets in the Germany-based fund were insufficient to meet rise in redemption requests
Plans come as private capital groups have hitched their growth to managing assets held by US insurers
Army secretary says Iran war underscores need to adapt to AI’s growing role in modern warfare
Investor uncertainty intensifies as AI impacts on the enterprise software industry emerge
Loan markdowns and market declines led to negative return for the first time in more than three years
Credit hedge fund Davidson Kempner warns the sector’s problems are deeper than Wall Street has acknowledged
Davidson Kempner’s Tony Yoseloff warns a substantial portion of PE firms are already “stressed or distressed”
Glendon Capital Management says debts are marked higher than similar publicly traded securities
Devaluation of collateral will limit credit to firms that have become top lenders to higher-risk companies
As groups watch their shares plunge, they’ve been forced to explain their portfolios and prove their assets’ worth
Senior figures in both sectors worry that latecomers are pushing into ever-riskier assets
CVC is buying Marathon in the latest tie-up of private capital groups
Per Franzén says inability to raise fresh funds may leave many firms only managing existing investments in coming decade
