forgiven Boatfag.
you got way moar to watch than I
A few tankers out of the S China Sea last night-heading back to Kadena
no way they were alone prior
Blackstone eyes US$7.5bn for mezzanine debt
Private equity firm Blackstone Group LP’s credit arm GSO Capital Partners is seeking US$7.5bn for its fourth subordinated debt vehicle, according to investor notes from the Teachers’ Retirement System of Louisiana. The New York-based asset manager has launched its GSO Capital Opportunities Fund IV (Fund IV), which is looking to surpass the US$6.5bn raised by its predecessor (Fund III), the pension fund notes show.
Fund IV will invest US$100m to US$450m in mezzanine debt for North American and Western European businesses that have enterprise values between US$500m and US$5bn. With US$121bn in assets under management, GSO invests in leveraged loans, high yield bonds, mezzanine debt and direct lending opportunities, among others.
The Fund IV portfolio will consist of between 30 to 40 investments with a hold period of three to five years. Fund III posted a 6% net internal rate of return and a 1.1 times multiple on invested capital, according to Blackstone’s first-quarter earnings results.
According to the most recent data available from financial data firm Preqin, global mezzanine debt funds collected US$1.6bn in the first three months of the year. Of the total amount of investor capital currently being sought by all private credit funds monitored, 18% of it would go to mezzanine debt funds.
If GSO meets or surpasses US$7.5bn, it would be one of the largest private debt funds raised.
In recent years, a slew of global private debt firms have gained market share. Fourteen percent of the funds in the market are seeking more than US$1bn but targeting 49% of the aggregate capital across all private debt strategies, which include direct lending, special situations and distressed debt.
cause there is PLENTY of the third option already and much moar coming
https://www.reuters.com/article/blackstonegso-loanfund/blackstone-eyes-us7-5bn-for-mezzanine-debt-idUSL1N2ED198
NY Fed says it received $723 million in loan requests for July 6 TALF subscription
NEW YORK, July 6 (Reuters) - The New York Federal Reserve said it received $723 million in loan requests for the Term Asset-Backed Securities Loan Facility on July 6.
https://www.reuters.com/article/us-usa-fed-talf/ny-fed-says-it-received-723-million-in-loan-requests-for-july-6-talf-subscription-idUSKBN2472QU
TALF
Term Asset-Backed Securities Loan Facility Rates
The Term Asset-Backed Securities Loan Facility (TALF) is designed to support the flow of credit to consumers and businesses by enabling the issuance of asset-backed securities (ABS) backed by student loans, auto loans, credit card loans, loans guaranteed by the Small Business Administration (SBA), leveraged loans, commercial mortgages, and certain other assets. Eligible borrowers must use a TALF Agent, which will act as agent for the borrower, to access the TALF and must deliver eligible collateral to the TALF custodian bank.
https://www.newyorkfed.org/markets/term-asset-backed-securities-loan-facility/term-asset-backed-securities-loan-facility-rates
So this is essentially everything else that they have not bought openly…it would even include your neighbor's insolvent bought loan. They did the same exact thing during the 2008 event
SAM981 USAF C-32A sw from JBA (this AC is used as primary AF2)
>and whoever he works for controls the bakery?
are you this retarded or do you practice at it every day?
if they believe it no.
They won't even entertain the most basic shit about the 2016 election.
but you do…much