Capital Markets

DeFi/Crypto

LBO/PE

💰
Apollo Global Management's David Sambur Signals Shift in Private Equity Landscape Amid Rising Rates

Apollo Global Management's David Sambur Signals Shift in Private Equity Landscape Amid Rising Rates

Apollo Global Management co-head David Sambur warns that the private equity sector is entering a challenging phase, distinguishing firms that create real operational value from those that benefited from a decade of low interest rates. With $1.2 trillion in dry powder facing deployment challenges, Apollo is poised to raise $25 billion for its next flagship fund while grappling with the effects of higher capital costs.

💰
Temasek's Seviora to Integrate Pavilion Capital, Expanding AUM to $72 Billion

Temasek's Seviora to Integrate Pavilion Capital, Expanding AUM to $72 Billion

Seviora Group, an asset manager owned by Temasek, is set to absorb its affiliate Pavilion Capital, significantly increasing its assets under management to approximately $72 billion. This strategic move enhances Seviora's offerings in private equity and private credit while maintaining Pavilion’s brand and regional focus.

M&A

🤝
Third Coast Bancshares Set to Acquire Keystone Bancshares in Strategic Merger Agreement

Third Coast Bancshares Set to Acquire Keystone Bancshares in Strategic Merger Agreement

Third Coast Bancshares, Inc. has entered into a merger agreement to acquire Keystone Bancshares, Inc. in a transaction that will see Keystone become a wholly-owned subsidiary of Third Coast. The deal is structured to provide Keystone shareholders with a choice of stock or cash, with an estimated value tied to Third Coast's stock performance.

Regulatory/Antitrust

Morning Medicine

Closer's Corner