Ares Management’s Credit Group Delivers $3.6B in Commitments in Q1/21
Funds managed by Ares Management’s credit group closed approximately $3.6 billion in commitments across 45 transactions during Q1/21.
Funds managed by Ares Management’s credit group closed approximately $3.6 billion in commitments across 45 transactions during Q1/21.
Reuters reported that Morgan Stanley and JPMorgan led $4.75 billion in leveraged loan financing for computer security software company McAfee ahead of its upcoming IPO.
Bloomberg reported KKR, TPG Capital and Goldman Sachs, the firms that acquired Energy Future Holdings in the biggest-ever leveraged buyout, would be all but wiped out in a reorganization plan being discussed, according to sources.
Reuters reported that shares of TPG Specialty Lending rose about 3% in their debut, valuing the company at about $852 million.
Bloomberg reported Energy Future Holdings is meeting with lenders to discuss DIP loans to fund it through bankruptcy as part of its restructuring.
Bloomberg reported Energy Future Holdings has lined up $4.4 billion of loans in the event the Texas power generator taken private in the biggest leveraged buyout ever files for bankruptcy protection.
Bloomberg reported KKR, Goldman Sachs and TPG Capital, firms that led Energy Future Holdings’ buyout in 2007, are fighting to receive 3 percent of their investment when the company files for bankruptcy.