Monday, 1 September 2014
Last updated 3 days ago
Jan 18 2013 | 12:52pm ET
Kohlberg Kravis Roberts and Stone Point Capital have added a new backer to their new middle-market investment-banking business.
The $170 billion Canada Pension Plan Investment Board is now a partner at MerchCap Solutions, which offers both debt and equity underwriting to middle-market and private-equity-backed companies. CPPIB, a longtime KKR investor, is putting up $30 million in capital—KKR and Stone Point each chipped in $150 million—and has agreed to buy up to $2 billion in deals produced by MerchCap.
The pension giant was drawn to MerchCap's focus on "underserved" companies, it said.
"We're trying to take what we do for large-cap clients in the form of private equity, or what big banks do for big companies, and saying to the middle market, you've got these options, too," Craig Farr, head of capital markets at KKR, said. KKR's capital markets business is leading MerchCap initially.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...