Financial engineering isn't working as well as it once did for private equity shops.
Buyout heavyweights are getting more involved in the operations of the companies.
It will serve as both a financial advisor and an underwriter of corporate debt.
Investors' focus on cash returns is ratcheting up pressure on PE firms.
He said higher interest rates are making it harder for struggling companies to raise capital.
A new vehicle would follow the company's Starwood Distressed Opportunity Fund XII.
The Canadian asset manager IGM wants to be a “bigger force” in serving rich investors.
Global investors pulled $3.7 billion worth of bitcoin from November 6 to 13, CryptoQuant said.
Toronto-based Romspen has halted redemptions after a number of borrowers stopped making payments.
CI, a serial acquirer of wealth management firms in the U.S., has seen its shares decline 46% this year.