Dominik Dumaine的动态

Great article by Robin Wigglesworth based on some very smart work on the current sponsor vs creditor vs creditor landscape from Rogoff Bradley and Corry Short of Barclays What is left unsaid is that plummeting document quality and recoveries in 1L BSL has one simple solution: Allocate more to private credit where you have exposure to industry leading middle market borrowers, that in many cases could have accessed the BSL market,* but usually with meaningfully better documentation and structuring! Quite literally having your leveraged loan cake and eating it with double digit returns and better docs! *meaning a regular way BSL market, some 22/23 vintage deals of course could not economically access the market at that time

In this episode of Conversations in European Credit, KBRA Head of European Research, Gordon Kerr, speaks with Kali Sirugudi from KBRA’s #RMBSratings team. Their discussion highlights the growing specialist lender market in the UK and the use of securitisation markets for funding. Can the market continue to grow? Listen Now: https://lnkd.in/e6X5QJyE | #RMBS #Europeanmarket

Fascinating to see the pie chart like this. Interesting data about the lenders that are exposed to NYC real estate

Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, is making headlines with a significant shift in his investment strategy concerning Bank of America (BofA). Over a span of three days—Tuesday, Wednesday, and Thursday—Berkshire Hathaway sold a staggering 19.2 million shares of BofA, amounting to nearly $779 million. This was accomplished at an average selling price of $40.52 per share, as per a recent regulatory filing. More Insights : https://lnkd.in/exFkrc_B #FinanceNews #WarrenBuffett #BankOfAmerica #BATVJA #dawgenglobal #InvestmentStrategies #StockMarket #FinancialSector

New York Community Bank (NYCB)'s Strategic Revival with $1 Billion Capital Boost Led by Mnuchin's Firm - NYCB, a commercial real estate lender grappling with market challenges, has successfully secured an equity investment exceeding $1 billion. This strategic financial infusion spearheaded by Steven Mnuchin’s Liberty Strategic Capital, alongside Hudson Bay Capital and Reverence Capital Partners, marks a significant vote of confidence in the troubled lender, signaling a potential turnaround in its fortunes. The announcement catalyzed a rebound in NYCB's stock, which had previously experienced a notable decline. - The capital raise initiative was meticulously planned, considering the bank's risk profile and the necessity to bolster its reserves. Steven Mnuchin emphasized that this fresh injection of capital would position NYCB favorably in comparison to its peers, potentially elevating its reserve coverage ratios to meet or exceed industry standards. This strategic move underlines the investor group's confidence in NYCB's resilience and future prospects. - In a decisive leadership shuffle, NYCB welcomed Joseph Otting as its new CEO, a seasoned professional with a history of successful collaboration with Mnuchin, notably in transforming IndyMac post the 2008 crisis. This change in leadership, with Alessandro DiNello transitioning to a non-executive chairman role, introduces a new strategic direction aimed at revitalizing NYCB's operations and restoring stakeholder confidence. - The investment package comprises a mix of common shares and convertible preferred stock, alongside warrants, structured to raise a total of $1.05 billion. This capital restructuring is anticipated to fortify NYCB's financial position, enabling it to navigate the current market challenges more effectively and embark on a path of recovery and growth. - Despite the tumultuous year marked by a substantial loss in stock value, exacerbated by dividend cuts and increased loan loss provisions, this capital infusion and strategic leadership revamp are poised to rejuvenate NYCB. The bank's focus will likely shift towards addressing its identified "material weaknesses" in loan risk tracking and steering the institution towards stability and growth. #nycb #bankingsector #capitalraising #marketanalysis #financialstability #bankruptcy

Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, is making headlines with a significant shift in his investment strategy concerning Bank of America (BofA). Over a span of three days—Tuesday, Wednesday, and Thursday—Berkshire Hathaway sold a staggering 19.2 million shares of BofA, amounting to nearly $779 million. This was accomplished at an average selling price of $40.52 per share, as per a recent regulatory filing. More Insights : https://lnkd.in/exFkrc_B #FinanceNews #WarrenBuffett #BankOfAmerica #BATVJA #dawgenglobal #InvestmentStrategies #StockMarket #FinancialSector

“Everyone has a plan until they get punched in the face”, Mike Tyson famously said. With private credit increasingly of interest to investors and their advisers, many want to unpack how private credit balances equity-like returns with capital preservation. Dinimus’ Ryan Donnar will join Scarcity Partners’ Adrian Whittingham and Tim Samway in a conversation that gives a practitioners’ perspective, including: . The different styles of private credit and how they balance risk and return?? . The approaches for managing downside risk through strategic deal origination, structuring and lender diversification that can protect investor capital?? . How private credit managers support investor interests if borrowers face challenges??? . What areas of private credit the team believes are poised for strong growth, and those that require careful navigation. Join us at 2pm AEDT on 21 November, 2024. Register for the livestream: https://lnkd.in/gmHxa-gA ? #privatecredit #investments

Adjust your perspective and your goals will align your way

Got uninsured deposits but need them available for your next project? I can insure them under FDIC with no fees—all while keeping your funds accessible. Message me to learn how! #FDIC #SecureDeposits #EarnInterest #ICS #ProjectFunding #FirstCommunityBank #MoneyManagement

Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, is making headlines with a significant shift in his investment strategy concerning Bank of America (BofA). Over a span of three days—Tuesday, Wednesday, and Thursday—Berkshire Hathaway sold a staggering 19.2 million shares of BofA, amounting to nearly $779 million. This was accomplished at an average selling price of $40.52 per share, as per a recent regulatory filing. More Insights : https://lnkd.in/exFkrc_B #FinanceNews #WarrenBuffett #BankOfAmerica #BATVJA #dawgenglobal #InvestmentStrategies #StockMarket #FinancialSector