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Rogers closes CDN$7 billion equity investment transaction
Globenewswire· 2025-06-20 20:00
Proceeds will be used to repay debtRogers will maintain full operational control of its wireless network TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced it has closed its CDN$7 billion equity investment from funds managed by Blackstone, backed by leading Canadian institutional investors. Blackstone has acquired a non-controlling interest in a new Canadian subsidiary of Rogers that owns a portion of Rogers wireless backhaul transport inf ...
Alaris Equity Partners Income Trust Declares Q2 Distribution
Globenewswire· 2025-06-18 18:26
Group 1 - Alaris Equity Partners Income Trust has declared a trust distribution of $0.34 per trust unit for Q2 2025, which annualizes to $1.36 per unit [1] - The distribution is scheduled to be paid on July 15, 2025, to unitholders of record on June 30, 2025 [1] Group 2 - Alaris invests in a diversified group of private businesses primarily through structured equity, aiming to deliver stable and predictable returns to unitholders [2] - The strategy includes common equity positions to align returns with the founders of Private Company Partners [2]
2025投资人真心话:这活,真不好干
3 6 Ke· 2025-06-10 09:34
小微创投&投早投小 作为股权投资行业的从业者,之前写了不少本行观察的文章。从自身的从业来说,写这个题材,一、是为了吐槽一下干这行的不容易;二、是了解自己、 定位自身。我们这个行业的同行,大多时间是在研究被投项目的赛道分析,而很少去分析自己在行业位置定位和竞争力。圈外人觉得:"私募"、"股 权"、"投资"、"天使投资人"......这些词汇,听起来都是相对比较高大上的名词。给别人投钱那是朝南坐,纯甲方!实际上,这个钱也不是大风刮来的,募 集就是求人,投完还是要退出。募集和退出,是纯乙方的活--求单和要账,这是全天下最难的几个事之一。真正做全整套链条,也只有自己知道:这活, 真不好干! 在这三个前提下,我估计机构数量从10000多家注册,可能降到100家的规模了。系统中数量很多,但是活着的真不多了。而这样的一百家规模,其实也不 都是一个物种。 猫和虎,都是猫科动物,但完全不一样,也不是一回事。 中国股权行业从2000年初起步,到今天有快25年的历史了。机构数量最多时候有3万家注册,细分主业其实也是千奇百怪。如果把与我们类似的同类(比 如说猫科动物),可以先这样用这样的条件先筛一圈: 1. 有人民币基金,非纯美元; ...
Banner Capital Announces Fund I Recapitalization and Launch of Fund II
Prnewswire· 2025-06-05 16:45
SALT LAKE CITY, June 5, 2025 /PRNewswire/ -- Banner Capital Management, LLC ("Banner") is pleased to announce the closing of a portfolio recapitalization into Banner Capital Fund I ("Fund I") and the launch of Banner Capital Fund II ("Fund II"). Fund IFund I is a multi-asset continuation fund with over $400 million in capital commitments, formed to acquire interests in eight of Banner's pre-fund portfolio companies. Funds managed by Hamilton Lane (Nasdaq: HLNE) acted as lead investor and many of Banner's pr ...
Point and Funds Managed by Blue Owl Capital Close Oversubscribed $248 Million Home Equity Investment Rated Securitization
GlobeNewswire News Room· 2025-06-05 05:05
Core Insights - Point has completed a rated securitization of its Home Equity Investment (HEI) assets, issuing $248.6 million in asset-backed securities, marking its fourth rated securitization and fifth overall [1][2] - The transaction was significantly oversubscribed, attracting more than 8 times the initial offering, indicating strong investor interest in HEIs [2][3] - The HEI market has matured over the past 18 months, with issuance volume doubling and the number of transactions tripling in 2024, reflecting increased institutional recognition and investor confidence [3] Company Overview - Point is a leading home equity investment platform that has unlocked over $1.5 billion in home equity for more than 15,000 homeowners since its founding in 2015 [5] - The company's flagship product, the HEI, allows homeowners to access their equity without increasing monthly expenses, providing a solution for debt elimination and financial hardship [5] - Point is backed by prominent investors including Westcap, Andreessen Horowitz, and Blue Owl Capital, and is headquartered in Palo Alto, California [5] Industry Context - The HEI asset class is gaining traction, with the total volume of HEI-backed deals reaching $936 million across five transactions in the previous year, a significant increase from prior years [3] - The successful rating of multiple HEI-backed deals has established important benchmarks for credit quality and performance, indicating a shift from an emerging to an established asset class within alternative housing finance [3] - Blue Owl Capital, a significant player in the asset management space with $273 billion in assets under management, has co-sponsored multiple transactions with Point, reinforcing the growth potential of HEIs [6][4]
快讯 | 险资第三轮举牌潮进行时:追捧高股息资产,扫货银行股
news flash· 2025-06-03 05:58
According to Statistics, as of the end of May, seven insurance companies have made 15 equity investments this year, exceeding not only the total equity investment amount for 2023 but also that of the first nine months of 2024. In the past ten years, the insurance industry has seen three waves of equity investment, with the first two occurring in 2015 and 2020. Since 2024, insurance capital has initiated the third round of equity investment. In terms of the symbols of the listed companies that insurance fund ...
MSCC(MAIN) - 2025 Q1 - Earnings Call Presentation
2025-05-09 14:16
Investor Presentation First Quarter – 2025 Main Street Capital Corporation NYSE: MAIN mainstcapital.com www.mainstcapital.com Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 1 Disclaimers Main Street Capital Corporation (MAIN) cautions that statements in this presentation that are forward-looking, and provide other than historical information, involve risks and uncertainties that may impact our future results of operations. The forward-looking statements in this presentation are based on c ...
Preliminary Results for the twelve months ended 31 January 2025
Globenewswire· 2025-05-08 06:00
ICG Enterprise Trust plc Preliminary Results for the twelve months ended 31 January 2025 8 May 2025 Highlights *This is an Alternative Performance Measure. Please refer to the Glossary for the definition. Today's results demonstrate that our investment strategy can deliver long-term value. Our portfolio companies grew earnings by 15% in the year, and ICGT generated NAV per Share Total Return of 10.5%, ending the year with NAV per Share of 2,073p. During the year, the Board and Manager have been careful in a ...
一季度募投市场观察:中国股权投资市场显现回暖迹象
Xin Hua Cai Jing· 2025-05-06 14:42
地域分布上,浙江、江苏、山东新募集基金数量领先,其中浙江以 204 只居于首位,江苏以 139 只次 之,山东以 103 只位列第三。而在募资规模方面,北京新募基金规模居于首位,共有 623.00 亿元人民 币,同比增加 6.2%。 在投资端,2025 年第一季度我国股权投资市场投资活跃度有所回升,共完成 2329 起投资案例,案例数 同比提高 12.2%;披露投资金额约为 1398.24 亿元,同比下降 27.9%。不过,若剔除极值案例影响,并 按照平均投资金额对未披露金额的案例进行估算,2025 年第一季度 2329 起案例的总投资规模预计可达 1800 亿元人民币,同比降幅将收窄至 8% 左右。 新华财经上海5月6日电(记者郭慕清)清科创业旗下清科研究中心发布的最新报告显示,2025年第一季 度,中国股权投资市场新募基金数量及规模降幅收窄,显现出止跌回稳态势;投资案例数同比呈现回升 趋势。这表明在政策的有力推动下,中国股权投资市场正逐步走出低谷,展现出积极的复苏迹象。 具体来看,在募资端,2025 年第一季度,我国股权投资市场募资活动表现稳健,新募基金数量及规模 同比降幅约 3%。根据清科研究中心统计, ...
Medallion Financial (MFIN) - 2025 Q1 - Earnings Call Transcript
2025-05-01 14:02
Financial Data and Key Metrics Changes - The company reported a net income of $12 million and earnings per share of $0.50 for the quarter [5] - Net interest income grew by 7% to $51.4 million compared to the previous year [13] - The net interest margin on gross loans was 7.94%, up 10 basis points from the previous quarter [13] - The net book value per share increased to $16.36 from $16 in the prior quarter and $14.93 a year ago [17] Business Line Data and Key Metrics Changes - The consumer lending business originated $136 million in loans, maintaining a loan book of $2.4 billion [5] - Recreation loans originated totaled $86.8 million at an average rate of 16.06%, while home improvement loans were $48.8 million at an average rate of 11.5% [14] - The commercial lending division originated $9.7 million in new loans and exited one loan with a significant return [6][7] Market Data and Key Metrics Changes - The company collected $2.6 million in cash from its taxi medallion business, consistent with the previous quarter [9] - The strategic partnership program achieved over $125 million in originations for the second consecutive quarter [10] Company Strategy and Development Direction - The company is focused on a methodical approach to growth, ensuring sustainable practices in its lending operations [11] - There is an ongoing effort to expand the strategic partnership program, with expectations to add new partners over time [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of cash collections from the taxi medallion business and identified recovery opportunities in charge-off loans [9] - The company anticipates continued gains from its equity investments, although the timing of exits remains unpredictable [8][27] Other Important Information - The company repurchased approximately 60,000 shares and has $15 million remaining under its share repurchase plan [11] - A 9% increase in the quarterly dividend to $0.12 per share was approved by the Board, marking the third increase since reinstating the dividend [12] Q&A Session Summary Question: Were there any nonrecurring expense items aside from those highlighted? - Management noted elevated professional fees, including $300,000 in technology costs and $600,000 related to the annual meeting [20] Question: Any update on the SEC matter? - Management believes the SEC matter has been resolved, pending board approval and judicial sign-off [22] Question: What flexibility exists in building reserves? - Management confirmed flexibility in determining allowances, using qualitative factors to increase consumer provisions [23] Question: Any anticipated capital gains from Medallion Capital? - Management expects one or two more capital gains this year, though timing is uncertain [27] Question: Outlook on normalized earnings? - Management discussed adjustments for nonrecurring items and expected normalized earnings to be around $0.35 per share [36] Question: Timing for loan sales? - Management anticipates closing a loan sale in Q2, with another sale expected in Q3 or Q4 [38] Question: Durability of strategic partnership loan volume? - Management expressed confidence in maintaining loan volume above $100 million per quarter, with potential for growth [43] Question: Outlook on margins and loan growth? - Management expects margins to remain stable and projects loan growth of 5% to 7% for the year [48]