Scott Carpenter

1 week ago | news.bloomberglaw.com | Scott Carpenter |Laura Benitez

Coller Capital raised $2.4 billion from Barings and Ares Management Corp. for a structured funding vehicle that will buy second-hand stakes in private equity and credit funds. It’s the largest-ever product of its kind in the so-called secondaries market, where limited partner shares are bought and sold, according to a statement from Coller. Structured funding vehicles typically slice up the cash flows from underlying funds into bonds of varying risk and return.

1 week ago | news.bloombergtax.com | Scott Carpenter |Laura Benitez

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

1 week ago | news.bloomberglaw.com | Scott Carpenter |Laura Benitez

Coller Capital raised $2.4 billion from Barings and Ares Management Corp. for a structured funding vehicle that will buy second-hand stakes in private equity and credit funds. It’s the largest-ever product of its kind in the so-called secondaries market, where limited partner shares are bought and sold, according to a statement from Coller. Structured funding vehicles typically slice up the cash flows from underlying funds into bonds of varying risk and return.

1 week ago | news.bloombergtax.com | Carmen Arroyo |Scott Carpenter

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

1 week ago | news.bloomberglaw.com | Kat Hidalgo |Scott Carpenter |Laura Benitez

Neuberger Berman Group has sold around $1.2 billion of securities backed by cash flows from a series of funds it oversees, a move that will free up more money for the asset manager. Known as a collateralized fund obligation, the deal consisted of bonds rated A- and BBB-, as well as a first-loss piece, according to people with knowledge of the transaction, who asked not to be identified discussing a private deal.