New Jersey, Josh Harris, Apollo
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Ares, Apollo prepare to deploy PE funds in distressed debt

Ares Management and Apollo Global Management expect to deploy their new private equity funds in distressed for control deals, a departure from the traditional buyouts that dominated their pipelines for much of the last half decade. “This feels like one of those markets we see every seven years,” said Ares co-founder Bennett Rosenthal in a […]

A French fortune teller arranges her cards as she prepares to meet a client in a Beirut gathering for local and foreign fortune tellers, known as the Chance Festival, in Beirut June 2, 2006. REUTERS/Jamal Saidi
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Looking ahead: Predictions for 2016

Jeff Horing, co-founder and managing director at Insight Venture Partners, thinks the IPO environment may improve toward the end of 2016 if the markets can recover. “I suspect there are a lot of substantial private companies that could be candidates. I think our world of tech/software PE will remain aggressive and competitive,” he said. *** […]

morganstanley

Meet the LP video: Neha Markle, Morgan Stanley

In this video from the PartnerConnect Midwest 2014 conference in Chicago, Neha Markle, executive director of the Morgan Stanley Alternative Investment Partners PE Fund Group, discusses the firm’s third party fund of funds business, which has more than $35 billion of assets under management, including $12 billion in private equity investments.

Fisherman

Bregal-backed American Seafoods taps Ares Capital for $800 mln recap loan

American Seafoods Group has tapped specialty finance company Ares Capital Corp for an $800 million first- and second-lien credit facility that backs a recapitalization of the Seattle-based fish harvesting company, in a deal that is notable for both its size and syndication strategy focused on alternative lenders, Reuters reported.

SEC

Guggenheim settles with SEC over not disclosing loan

Guggenheim Partners Investment Management LLC has agreed to pay $20 million to settle federal charges that it failed to disclose a $50 million loan by a client to a senior executive, the Securities and Exchanges Commission said on Monday, according to Reuters.

David Brackett, GE Antares CEO

Antares Capital shops $13.9B loan deal for sale to CPPIB

Antares Capital is lining up a $13.9 billion financing package that backs General Electric Capital Corp’s sale of the middle-market sponsor finance platform to Canada Pension Plan Investment Board (CPPIB) and raises funds for future growth, sources told Reuters.

Watch your step

Jefferies profiting from highly leveraged loans

Jefferies has led seven leveraged loans totalling $5.07 billion since April as it continues to profit at the expense of regulated banks which are unable to lend to deals that U.S. regulators deem risky, Reuters reported.