Finance Updates – Page 20 – Finance Updates

Reverence Capital’s $500–600M Structured Credit Fund: Targeting Asset-Based Returns

Americas Firms Credit Intermediation and Related Activities

Reverence Capital is launching a structured-c...

The fund focuses on asset-based, yield-orient...

This strategy complements Reverence’s success...

The new credit platform aims to diversify Rev...

Richard Blum: Investment Triumph to Philanthropic Legacy—Business, Influence, and Scrutiny

Americas Firms Credit Intermediation and Related Activities

Richard C. Blum parlayed an $8 million acquis...

He built a powerful investment firm focused o...

Blum coupled wealth creation with philanthrop...

His overlapping roles as investor, UC Regent,...

VTB CEO Warns New Capital Rules Will Force Major Russian Banks to Raise Funds in 2026

Europe Risk Credit Intermediation and Related Activities

VTB CEO Andrei Kostin says Russian banks’ mai...

VTB alone estimates it needs about 1.7 trilli...

Slowing economic growth, high interest rates,...

Shallow domestic equity markets without Weste...

UK Court Upholds OFSI’s Sanctions Licence Cuts VTB’s £205M Claim to £188M

Europe Policy Credit Intermediation and Related Activities

UK sanctions-hit VTB Bank lost its Administra...

The licence amendments required deductions fr...

The court held OFSI acted lawfully, rationall...

The decision confirms UK regulators’ wide dis...

VTB Capital UK Wind-Down Hits £64M+ Cost with £1.2B in Creditor Claims

Europe M&A Credit Intermediation and Related Activities

Since entering administration in 2022, VTB Ca...

Administrators Teneo are handling 357 credito...

The London operation is now run by roughly a ...

High ongoing staff, lease and professional co...

CCMP Growth Advisors reshapes middle-market PE with operational turnarounds & founder partnerships

Americas Firms Credit Intermediation and Related Activities

CCMP Capital, spun out of JPMorgan in 2006, b...

Under Steve Murray, CCMP delivered strong ret...

Rebranded as CCMP Growth Advisors, the firm’s...

Recent deals and Fund IV’s successful 2024 cl...

Why CCMP Is Turning to Secondary Markets and Continuation Vehicles in a Slow Exit Cycle

Americas M&A Credit Intermediation and Related Activities

CCMP is exploring a secondary-market or conti...

The move reflects a broader PE environment of...

While CCMP recently closed its CCMP IV fund a...

Success will hinge on convincing LPs of fair ...

Private & Structured Credit in the Middle Market: Evolving Strategies & Risk-Reward Trade-Offs

Americas Risk Credit Intermediation and Related Activities

Reverence Capital is launching a $500–$600 mi...

The fund will focus on asset-based and proper...

Reverence’s prior private equity Funds I and ...

The fund enters a rapidly growing but increas...

How Richard C. Blum Turned Circus Deals into Big Returns & Philanthropic Impact

Americas Firms Credit Intermediation and Related Activities

Richard C. Blum parlayed a 1967 purchase of R...

He founded Blum Capital Partners in 1975, spe...

Blum pursued hands-on, locally informed phila...

His development philosophy favored community-...

Verizon’s Pension Cuts Private Equity Exposure Under New Leadership Shift

Americas Firms Credit Intermediation and Related Activities

Verizon’s longtime private equity head Michae...

At year-end 2018, Verizon’s defined benefit p...

By year-end 2023, private equity holdings had...

The leadership change coincided with a strate...