Tuesday, 23 September 2014
Last updated 2 hours ago
Jun 13 2008 | 10:16am ET
It’s one and done for H.I.G. Capital's distressed debt affiliate, Bayside Capital, which has closed its H.I.G. Bayside II fund on $3 billion. The final closing was also its first.
Bayside II targets stressed and distressed mid-market and lower mid-market investment opportunities. The fund typically invests in companies with a total enterprise value of up to $400 million.
Sami Mnaymneh and Tony Tamer, co-founders and managing partners of H.I.G., said the current credit environment will provide the fund with very strong deal flow.
H.I.G. has offices in Miami, Boston, San Francisco and Atlanta, and affiliate offices in London, Paris and Hamburg, Germany. The firm manages about $7.5 billion in total assets.
Sep 22 2014 | 4:15pm ET
I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.