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HPS Investment Partners, LLC
HPS Investment Partners, LLC (HPS) is an American investment firm headquartered in New York City. The firm focuses on investments in private credit, public credit, private equity and real assets. In 2022, HPS was ranked by ''Private Debt Investor'' as the third largest private debt investment company based on total fundraising over the most recent five-year period. As of December 2024, HPS has $148 billion in assets under management. History In 2007, Scott Kapnick, Scot French and Michael Patterson founded Highbridge Principal Strategies after leaving Goldman Sachs. It was formed as the private equity and credit investment division of Highbridge Capital Management (Highbridge) within J.P. Morgan Asset Management. Its strategies included mezzanine capital, bonds, direct lending and growth capital. In 2009, due to the 2008 financial crisis, many hedge funds received redemption requests. However, Highbridge Principal Strategies grew significantly during this period. In Febru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Direct Lending
Direct lending is a form of corporate debt provision in which lenders other than banks make loans to companies without intermediaries such as an investment bank, a broker or a private equity firm. In direct lending, the borrowers are usually smaller or mid-sized companies, also called mid-market or small and medium enterprises, rather than large, publicly listed companies. Lenders are generally asset management or private debt fund manager firms. Direct lending funds use leverage, but generally less than banks or collateralized debt obligation funds (CDO/CLO). Private Debt primarily focuses on investing at the top of the capital structure, primarily in senior, secured first lien debt. Investing at or near the top of the capital structure reduces risk relative to equity. Direct Lending includes Senior Debt and Unitranche Debt. Quarterly interest payments drives a constant cash flow stream throughout the deal life. Because the total AUM of both Private Equity and Private Credit e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BlackRock
BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$11.5trillion in assets under management as of 2024. Headquartered in New York City, BlackRock has 70 offices in 30 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street Corporation, State Street, it is considered to be one of the Big Three index fund managers. Its Aladdin (BlackRock), Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. As of 2023, BlackRock was ranked 229th on the Fortune 500, ''Fortune'' 500 list of the largest United States corporations by revenue. BlackRock has sought to position ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dyal Capital
Blue Owl Capital Inc. is an American alternative investment asset management company. It is listed on the New York Stock Exchange under the ticker symbol: "OWL". The company is headquartered in New York City with additional offices around the world, including London, Dubai, and Hong Kong, among other major cities. In June 2024, Blue Owl Capital ranked 26th in Private Equity International's PEI 300 ranking among the world's largest private equity firms. History In December 2020, it was announced there would be a merger between Owl Rock Capital Group and Dyal Capital Partners. The two firms would combine with a special-purpose acquisition company, Altimar Acquisition Corp to form Blue Owl. The deal was valued at $12.2 billion which included a $1.5 billion commitment from investors such as ICONIQ Capital, Federated Hermes and Liberty Mutual. On May 19, 2021, the transaction was completed and Blue Owl was listed on the New York Stock Exchange. On October 18, 2021, Bl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mary Callahan Erdoes
Mary Callahan Erdoes (born August 13, 1967) is an American investment manager and businesswoman. She is the chief executive officer (CEO) of the asset and wealth management division of J.P. Morgan, since 2009. With the firm since 1996, she began her career as a portfolio manager, specializing in fixed income trading. From 2005 to 2009, she was the CEO of the firm's private bank, advising wealthy families and institutions. Her career has led to her being described as the most powerful woman in American finance. She has been noted as a potential successor to Jamie Dimon, as CEO of JPMorgan Chase. Early life and education Mary Callahan was born on August 13, 1967 in Menlo Park, California, to Patricia and Patrick Callahan Jr. Her father was a former partner at investment banking firm Lazard. She was raised in Winnetka, Illinois, a North Shore suburb of Chicago. She was raised in a Roman Catholic family of Irish descent. She attended the all-girls Roman Catholic Woodlands Aca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jes Staley
James Edward "Jes" Staley (born December 27, 1956) is an American banker, and the former group chief executive of Barclays. He spent 34 years at J.P. Morgan's investment bank, ultimately becoming CEO. In 2013, he moved to BlueMountain Capital, and in December 2015, became CEO of Barclays. In November 2021, Staley resigned amid a regulatory probe into whether he mischaracterized his relationship with the financier, human trafficker, and sex offender Jeffrey Epstein. Early life Staley was born on in Boston, Massachusetts. His father, Paul R. Staley, was president and CEO of PQ Corporation, a chemicals company, who eventually settled the family outside of Philadelphia, Pennsylvania. His grandfather, Edward Staley, was the top executive of W.T. Grant at the time when the company filed for bankruptcy in 1976. His brother, Peter Staley, is an AIDS activist. His maternal grandfather was James Rhyne Killian, who served as the President of Massachusetts Institute of Technology from 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative Investment
An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any Asset classes, asset class excluding capital stocks, Bond (finance), bonds, and cash. The term is a relatively loose one and includes tangible investment, tangible assets such as Gold as an investment, precious metals, collectibles (art, Investment wine, wine, antiques, vintage cars, Coin collecting, coins, watches, musical instruments, or Stamp collecting, stamps) and some financial assets such as real estate, commodities, private equity, distressed securities, hedge funds, exchange funds, carbon credits, venture capital, film production, Derivative (finance), financial derivatives, Cryptocurrency, cryptocurrencies, Non-fungible token, non-fungible tokens, and Tax Receivable Agreements. Investments in real estate, forestry and Shipping investments, shipping are also often termed "alternative" despite the ancient use of such real assets to enhance and pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Investor (magazine)
''Institutional Investor'' magazine was a periodical published by Euromoney Institutional Investor. It was founded in 1967 by Gilbert E. Kaplan. A separate international edition of the magazine was established in 1976 for readers in Europe and Asia. The magazine ceased its print format in April 2018. History Capital Cities Communications purchased the magazine in early 1984. The Walt Disney Company bought Capital Cities in 1996 and sold the magazine to Euromoney one year later. ''Institutional Investor'' has offices in New York City, London and Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor .... In 2018, Institutional Investor became digital only. In March 2021, it was announced that Diane Alfano, the CEO of Institutional Investor, would be stepping down effective Jun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Event-driven Investing
Event-driven investing or Event-driven trading is a broad term encompassing hedge fund investment strategies that seeks to exploit pricing inefficiencies that may occur before or after an event. Examples of such events could be an earnings call, bankruptcy, merger, acquisition, or spinoff. In more recent times market practitioners have expanded this definition to include additional events such as natural disasters, regulatory changes, and actions initiated by shareholder activists. However, merger arbitrage remains the best-known investment strategy within this group. This strategy was successfully utilized by Cornwall Capital Cornwall Capital is a New York City-based private financial investment corporation. It is best known as one of the few investors to foresee and profit from the subprime mortgage crisis of 2007, as described in the book ''The Big Short'' by Michae ... and profiled in " The Big Short" by Michael Lewis. History Event-driven investing "lost on average 1. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gávea Investimentos
The Gávea Group comprises two investment management firms (Gávea Investimentos and Gávea Equity) and one distributor (Gávea DTVM). These are regulated by the Central Bank of Brazil, the Comissão de Valores Mobiliários - CVM (Brazil’s equivalent to the US SEC) and the Brazilian Financial and Capital Markets Association (ANBIMA). Assets under management of approximately US$3.5 billion as of March 2019. Gávea was founded in the 2nd quarter of 2003 by Arminio Fraga and Luiz Henrique Fraga, launching its first two products in August of that same year. Its activities are focused on four lines of business; hedge funds, private equity funds, equity funds and real estate funds. Gávea has offices in Rio de Janeiro and São Paulo, with a staff of approximately 150. In November 2010, Gávea announced the sale of a majority interest in its capital to J.P. Morgan Asset Management, the asset management arm of JPMorgan Chase. And consequently, creating a strategic alliance with Hig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
