The market is shooting first and asking questions later when it comes to complex credit exposure. Shares of major global banks—including Barclays, Jefferies, and Santander—slid sharply on Friday following reports of their exposure to the collapse of Market Financial Solutions Ltd (MFS), a London-based specialist in complex, property-backed loans. 📉 THE CATALYST: MFS, which boasted...
The scale of AI capital formation has officially surpassed anything we have ever seen in the history of private markets. Ahead of its highly anticipated IPO later this year, OpenAI has secured a staggering $110 billion funding round, cementing its valuation at $840 billion. Big Tech companies are no longer just investors; they are acting...
Private infrastructure capital is making its move to own the foundational layer of the AI revolution: electricity. According to Bloomberg reports, BlackRock-owned Global Infrastructure Partners (GIP) and EQT AB are in advanced talks to acquire U.S. power giant AES Corp (AES). This potential take-private deal highlights a massive shift in how mega-funds are approaching the...
The scale of AI capital formation has officially surpassed anything we have ever seen in the history of private markets. Ahead of its highly anticipated IPO, OpenAI has secured a staggering $110 billion funding round, cementing its valuation at $840 billion. Big Tech companies are no longer just investors; they are acting as nation-states, deploying...
The $1.7 trillion private credit boom is facing a massive transparency test. According to a new investor letter from Rubric Capital (a $3 billion hedge fund founded by former Point72 manager David Rosen), some Business Development Companies (BDCs) are allegedly deploying “Enron-like accounting games” to mask their true leverage from retail and institutional investors. 🕵️♂️...
Japan’s aggressive push to modernize its corporate governance is officially reaching its biggest household names. Nintendo (7974.T) has announced a massive unwinding of its strategic shareholdings. A consortium of legacy partners—including MUFG Bank, Bank of Kyoto, Resona Bank, and DeNA—will sell off approximately 290 billion yen ($1.9 billion) of the gaming giant’s stock, marking a...