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Der Wert der Einlagen ist auf fast Null gefallen. Es ist der übelste Zusammenbruch einer PE-Firma aller Zeiten.
Die PE-Zocker haben sich mit Investments im Energie-Sektor (Gas) verhoben.
Die meisten Investoren, die in diesem PE-Fonds Geld angelegt und fast alles verloren haben, sind große Pensions-Fonds und Stiftungen (Liste unten).
wolfstreet.com/2017/07/17/...ty-fund-collapses-to-almost-zero/
$2-Billion Private Equity Fund Collapses to almost Zero
Worst PE-fund collapse ever. The oil bust just keeps on giving.
Investors who’d plowed $2 billion four years ago into a private equity fund that had also borrowed $1.3 billion to lever up may receive “at most, pennies for every dollar they invested,” people familiar with the matter told the Wall Street Journal.
Fund raising and investing started in 2013. Houston-based EnerVest manages the fund. This could be the first time ever that a PE fund larger than $1 billion lost nearly all of its value.
The lenders to the fund are now negotiating to take control of the fund’s assets, these “people familiar with the matter” told the Journal. Wells Fargo is leading the negotiations.
Investors span the spectrum of institutions managing other people’s money. Some of them might have sold their stakes to cut their losses. Among these investors are: the Orange County Employees Retirement System; Caisse de dépôt et placement du Québec, Canada’s second-largest pension fund; Florida’s largest pension fund manager; the Western Conference of Teamsters Pension Plan, covering union members in nearly 30 states; the J. Paul Getty Trust; the John D. and Catherine T. MacArthur Foundation; the Fletcher Jones Foundation; the Michigan State University; and a foundation supporting Arizona State University....
Die PE-Zocker haben sich mit Investments im Energie-Sektor (Gas) verhoben.
Die meisten Investoren, die in diesem PE-Fonds Geld angelegt und fast alles verloren haben, sind große Pensions-Fonds und Stiftungen (Liste unten).
wolfstreet.com/2017/07/17/...ty-fund-collapses-to-almost-zero/
$2-Billion Private Equity Fund Collapses to almost Zero
Worst PE-fund collapse ever. The oil bust just keeps on giving.
Investors who’d plowed $2 billion four years ago into a private equity fund that had also borrowed $1.3 billion to lever up may receive “at most, pennies for every dollar they invested,” people familiar with the matter told the Wall Street Journal.
Fund raising and investing started in 2013. Houston-based EnerVest manages the fund. This could be the first time ever that a PE fund larger than $1 billion lost nearly all of its value.
The lenders to the fund are now negotiating to take control of the fund’s assets, these “people familiar with the matter” told the Journal. Wells Fargo is leading the negotiations.
Investors span the spectrum of institutions managing other people’s money. Some of them might have sold their stakes to cut their losses. Among these investors are: the Orange County Employees Retirement System; Caisse de dépôt et placement du Québec, Canada’s second-largest pension fund; Florida’s largest pension fund manager; the Western Conference of Teamsters Pension Plan, covering union members in nearly 30 states; the J. Paul Getty Trust; the John D. and Catherine T. MacArthur Foundation; the Fletcher Jones Foundation; the Michigan State University; and a foundation supporting Arizona State University....
