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United Commercial Bank PLC (UCB) will invest Tk50 crore as the sponsor of a new closed-end mutual fund, to be managed by Capitec Asset Management. This decision, approved by UCB's board, was disclosed on Tuesday, May 28, 2024. The growth fund, targeting a total size of Tk150 crore, aims to invest in high-growth potential companies, attracting investors focused on capital gains. #UCB #UnitedCommercialBank #Business #BusinessInvestment #BusinessNews #BusinessPost #BusinessHubs #BusinessGrowth #BusinessInsights #BusinessBangladesh #IndustryInsights #IndustrialNews #BusinessBrillianz

Just in: Adams Street Partners raises $1bn for first private credit CLO Owned entirely by the issuer and funded by American Equity Investment Life Insurance Company, this is the first vehicle targeting middle market firms and packages the direct lending loans into securities, reports Bloomberg. Joining competitors such as HPS Investment Partners, LLC and Blue Owl Capital in the CLO space, this is its latest partnership with American Equity Investment Life since the JV partnership in 2021, adding to its c.$10bn AUM in credit assets. The vehicle “ASP Summa” will be a mix of 40 originated risky and safe first lien loans of private equity sponsors backed firms, customised to optimise yield vs capital charge for insurance firm, and priced at least 600bps over SOFR. Follow to stay updated in private credit and alternative investment. #privatecredit #privateequity #directlending #investmentbanking #investing

𝐃𝐢𝐚𝐦𝐞𝐭𝐞𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐒𝐞𝐞𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐢𝐧 𝐒𝐢𝐠𝐧𝐚𝐭𝐮𝐫𝐞 𝐁𝐚𝐧𝐤'𝐬 𝐂𝐨𝐥𝐥𝐚𝐩𝐬𝐞 Scott Goodwin, co-founder of Diameter Capital, has identified investment potential in the bonds and stocks of the recently failed Signature Bank. Speaking at the Sohn Conference in New York, Goodwin highlighted the value in Signature Bank's partnerships, notably with Blackstone and Santander, which have taken stakes in the bank's substantial real estate loan portfolio. Despite a current market capitalization of $145 million, Goodwin forecasts a surge to over $600 million, alongside a significant rise in bond prices. This optimistic outlook is based on the strategic management of assets within these joint ventures, promising returns for investors in Signature Bank's securities over the next five years, independent of the broader commercial real estate market trends. #finance #investment #SignatureBank #DiameterCapital Source:- https://lnkd.in/dRtQXDNq

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Now you know! Ready to grow your wealth? Get started with the Legacy Equity Fund (LEF) and watch your money work for you over time. https://lnkd.in/eY4g8Eyj Follow us @fcmbassetmgt for more financial news and updates. #fcmbassetmgt #investmentterms #equityfund #lef #financialterms #mutualfunds #investmentbank #nigeriansindiaspora #assetmanagement #Wiseup #fcmb

Good to see everyone in Miami for another successful Fund Finance Association Global Symposium. Some notable key notes from this year’s event: -Expectations of growth in NAV and Hybrid Facilities to meet ongoing investor liquidity requests -Increased demand for warehousing partners to support fundraising, seeding investment portfolio’s ahead of first close and post first close, for both onshore and offshore investors -Delays in finalizing traditional fund financing facilities (i.e. Subscription, NAV, ABL Financings) leading to increasing need for shorter-term lending partners to assist with financing deal pipeline, bridging to term facility closing. Adam Shepherd Ramya Gopalakrishnan Eli Nafisi Pratap Dasgupta Ram Rao JEREMY TAN Ramon Bauza Olivier Delille Daniel Donnelly Ev Storoja #fundfinance #privatedebt #privatecredit

KBRA will sponsor DealCatalyst’s Securitization in Fund Finance Conference taking place in New York City on June 17, 2024. Attend the 9 am panel: An Overview of the Evolving #FundFinance Market and How Securitization Is Increasingly Playing a Role, to hear insights from KBRA’s Global Head of #Funds Ratings Gopal Narsimhamurthy on this fast-growing section of the market. View the agenda here: https://bit.ly/3ViOD9k #privatecredit

Recently, I had the pleasure of participating on a panel discussion at Fund Finance Association ‘s 13th Global Symposium, which brought together over 2000 investors, fund managers, bankers and lawyers within the fund finance industry. Some key takeaways from the conference are: Increased growth in secondaries volume in 2024 as the underlying volume drivers - difficult exit environment, longer hold period for assets and high investor demand for liquidity – remain unchanged. Increased participation in the market from non-bank lenders. Decrease in frequency of deferrals for both LP and GP secondary transactions as compared to 2023. Pratap Dasgupta I Steven Mansy I Daniel Toblib | Jeannie Kim, CFA #fundfinance #secondaries #privateequity #ffa #nav

We are delighted to share that Elena Rinaldi, CFA, from our Asset-Backed Securities team, has been appointed as Co-Chair of the European Leveraged Finance Association’s CLO Investor Committee. The committee provides a forum for members to identify and respond to CLO investors’ requirements, facilitate discussion on general market progress and key issues, and contribute to the regulatory dialogue on the asset class. Elena will be co-chairing the committee alongside Denis Struc, a Portfolio Manager on Janus Henderson Investors’ Secured Credit Team and co-manager of their Asset-Backed Securities and Global Short Duration Credit strategies. https://okt.to/EexBJN #clo #securitisation #AssetBackedSecurities

With over 25 years of experience in capital markets, we specialize in investing in both quoted and unquoted shares and mutual funds. Let us help you grow your wealth! #JindalCapital #NBFC #InvestmentSolutions #FinancialAdvisory #BSEListed #WealthManagement #PortfolioManagement #DelhiNCR #RBICompliant #CapitalMarkets #FinancialGrowth #InvestSmart #AdvisoryServices #TrustworthyInvestments #ClientFocused