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Month: April 2020

Aurelius management cuts salaries by 25% as Covid-19 hits portfolio companies

CEO Dirk Markus said the firm may need to make some difficult decisions for some portfolio companies

Peak Re to acquire Bermuda based ILS asset manager Lutece

Opalesque Industry Update - Peak Reinsurance Company Limited has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd. The transaction is subject to

CalPERS investment staffer joins Universa as a director

Opalesque Industry Update - Ronald Lagnado joined risk-mitigation specialist hedge fund manager Universa Investments as a director in the firm 's research department. At CalPERS, Dr. Lagnado served as a Senior Investment Director responsible for

CP Pokphand allocates $400m among 15 banks

CP Pokphand Co, the Hong Kong-listed investment arm of Thailand’s Charoen Pokphand Foods, has closed a $400m loan for refinancing with 15 lenders.

Luckin Coffee: a crackdown or a sideshow?

China’s hands-on approach into investigating Luckin Coffee signals that the regulators are serious about cracking down on financial crimes by corporations. But how serious they really are will only be revealed in how they tackle

China Overseas Land loan available in secondary market

A HK$18bn ($2.3bn) term loan sealed by China Overseas Land and Investment in 2017 is doing the rounds in the secondary market, offering asset-starved banks an opportunity to take exposure to the Hong Kong-listed company.

KKR forms $50m coronavirus relief fund

Support for those affected by the pandemic also came from Apollo Global Management’s Leon Black

Kakao Games eyes W340bn from long-awaited IPO

South Korean game developer Kakao Games is set to list in September for up to W340bn ($284.8m), reviving the deal two years after dropping its initial IPO plans.

CICC seals $500m bond inside fair value

A recent flurry of bonds from financial institutions did not dent appetite among investors for China International Capital Corp’s (CICC) $500m deal on Monday.

Powerlong offers negative premium on bond return

Powerlong Real Estate Holdings received huge support from investors for its $200m bond on Monday. The deal’s modest size and expectations of limited imminent supply from Chinese property credits helped the firm get away with

KWG makes $200m bond comeback

Chinese property developer KWG Group Holdings returned to the bond market on Monday, taking $200m at a level that was inside of fair value estimates from analysts.

AMB :- Macro hedge fund saw strong performance in March, led by Macro CTA strategies

Laxman Pai, Opalesque Asia: Macro hedge fund saw strong performance in March, led by Macro CTA strategies, tracked by the HFRI Macro: Systematic Diversified Index, which was up 2.9% in March. The HFRI Macro (Total)

AMB :- New hedge fund study shows seed activity, founders’ share classes decline in 2019 launches

Laxman Pai, Opalesque Asia: For the first time since 2013, the majority of newly-established hedge funds did not provide in their offering documents for founders&` classes, which give special terms to early investors...Article Link

WeWork directors sue SoftBank over terminated $3bn share offer

The co-working company says its liquidity could be adversely affected by the cancellation

Private equity is just another ownership structure

Outrage has erupted among US progressives at efforts from the private equity industry to ensure their portfolio companies get a piece of government support for corporates. The buyout barons don’t do much to endear themselves

Munich-based manager raises €710m for infrastructure fund of funds

The firm said that it is planning to launch further infrastructure investment vehicles in the summer

EQT to acquire hand sanitisers producer as pandemic leads to demand surge

Sweden-based firm entered in exclusive negotiations with French industrials group Air Liquide for the acquisition, aiming to increase the supply of disinfectants in the short-term

Private equity firms donate millions to support Covid-19 crisis relief efforts

Blackstone and Inflexion are the latest to announce donations to organisations working to combat the fallout from the pandemic

Banks stand to lose more than $100m after loan to Luckin chairman sours

Goldman Sachs is acting as a 'disposal agent' for the unnamed lenders

Patrimonium holds first close for private equity fund at €100m

The group focuses on lower mid-market deals in the Dach region

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