Thoma Bravo and Lenders Retain Restructuring Counsel as Medallia Debt Workout Looms
Thoma Bravo and its lenders have tapped restructuring advisers as portfolio company Medallia heads toward what could be among private credit’s largest-ever loan workouts. The experience...
Jamie Dimon Presses Private Equity on Stalled Exit Pipeline as Software Valuations Compress
Jamie Dimon used his annual shareholder letter to call out private equity for its lack of public exits this year. “With stock markets at all-time highs in...
KKR to Realise 15x Return on CoolIT Systems Sale to Ecolab in $4.75bn Data Centre Cooling Exit
Vista Equity Partners Makes the Case for Legacy Enterprise Software in the Age of Agentic AI
OpenAI Courts Private Equity with 17.5% Guaranteed Return on Enterprise Joint Venture Preferred Stakes
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Subscribe →Continuation Vehicle Governance Under Scrutiny in Abu Dhabi Investment Council Dispute
Most critiques of continuation vehicles focus on their occasional use as a tool to kick the can down the road in a slow market, but a recent dispute is now...
Connecticut Orders Liquidation of Golden Gate Capital’s PHL Variable, Citing $2.2 Billion Capital Shortfall
Connecticut regulators have abandoned efforts to rehabilitate PHL Variable Insurance Co., the troubled life insurer owned by Golden Gate Capital, after...
Big Law’s Private Equity Frontier: McDermott Explores MSO Stake Sale
Law firm McDermott Will & Schulte said last week that it’s weighing a possible stake sale to private equity after being approached by multiple suitors....
Brookfield Evergreen Private Equity Fund Under Scrutiny Amid Distressed Holdings, Related-Party Concerns
Brookfield’s new evergreen private equity fund is facing early scrutiny as two of its holdings risk falling into distressed territory, raising questions...
Broadly Syndicated Loans Incorporate PIK as Private Credit Spreads Tighten
Banks are beginning to add payment-in-kind features to broadly syndicated loans as they work to remain competitive with direct lenders, according to a...