Blackstone veteran tipped to start CLO management platform at rival

By Sayed Kadiri

Friday, March 22, 2013

One of the world’s largest private equity managers plans launch of CLO platform

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TAGS: High yield bonds People Leveraged loans

Comment by: Anonymous. Posted 11 years ago [2013-04-05 15:48:44]

My guess is that TPG Credit did fabulously well on the investments it made in the space by Theoharides. As with all illiquid assets prices dropped during the storm of the Lehman bankruptcy and thenskyrocked voer the past few years. The investment theory of buying late and long dated reinvestment period deals with super low WACC was extremely sound. Recent sales of CLO equity have proven that strategy. When Theoharides was hired away by GE Capital to help start a new venture at GE Capital, Beller came in to monitor the portfolio.

Comment by: Sayed Kadiri. Posted 11 years ago [2013-03-22 13:02:33]

Thanks to the reader below for pointing this out. The opening to this article has now been added back in

Comment by: Anonymous. Posted 11 years ago [2013-03-22 12:38:20]

Is the beginning of the article missing, because I can't see the link to the mugshot entitled David Bonderman?

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