November 29, 2022

Collateralised fund obligations: How personal fairness

Collateralised fund obligations How private equity

Collateralised fund obligations How private equity

The US hospital staffing firm Envision Healthcare, owned by the personal fairness agency KKR, has the bottom potential junk-grade credit standing and is liable to chapter, in accordance with Moody’s.

However an possession stake in Envision, bundled with stakes in a whole bunch of different personal equity-owned corporations, has been remodeled right into a monetary safety marketed to strange savers as a protected funding with a stellar credit standing.

The product is named a “collateralised fund obligation” and…

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