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Lucas Wyrsch
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How to Join the UK Private Equity Conference 15 in London on May 29, 2015?

Join the UK Private Equity Conference on May 29, 2015 in London at the Waldorf Hilton Hotel

 An Industry changing event – that you won’t miss!
The UK Private Equity Conference 15 is one of the 6 events we organize in European regions, including in Iberia, Germany, Switzerland, Poland and Scandinavia.

The UK Conference is going to take place on 29th May 2015 at the Waldorf Hilton in London.

This time many innovations will improve insights of the current market situation as well as networking opportunities.

The UK Private Equity Conference 15 is a one-day event, joining top notch keynotes and highly experienced panelists mainly from UK and other regions in Europe, along with well-rounded global professionals from different financial backgrounds.

The UK Conference will have more than 250 participants from top tier Private Equity Funds, Portfolio Companies, Venture Capitalists, Limited Partners, Wealth Managers and professional advisory services such as Investment Banks, Consultancies, Law and Accounting Firms making the UK Private Equity Conference a unique networking opportunity in the British PE space.

The UK Conference makes it our mission to provide participants with insightful debates into key trends affecting the industries and we do this by bringing together a group of highly talented and experienced professionals.

We welcome you to sign up for our conference and be part of this flagship event!

The Swiss Business Club, partnering with Private Equity Conference invites you the UK Private Equity Conference, held on May 29th at the Waldorf Hilton Hotel in London, UK.

As part of 10 leading conferences focusing on different regional markets, this one-day event brings together 250+ local and global industry decision makers (80+ LPs | 70+ GPs | 60+ Business Owners) and 50+ incredible speakers, including:

• Steve Dyson, Partner - APAX Partners
• Graham McDonald, Head of Private Equity-Aberdeen Assett Management
• Pilar Junco, Managing Directo - Blackstone Group
• Elias Korosis, Partner & Head of Strategy - Hermes GPE
• Daniel Zilberman, Managing Director - Warburg Pincus
• Joost Bergsma, CEO & Founder - Glenmont Partners
• Sergey Sheshuryak, Partner - Adams Street Partners
• Helen Steers, Partner - Pantheon
• Loic Rentiers, Managing Director - PineBridge
• Gavin Darby, CEO - Premier Foods

It will be a fantastic opportunity to network with top profiles, get inspired and stay ahead of your peers!
Register: http://pe-conference.org/british/register
Special conditions for Swiss Business Club Members apply (i.e. use your special voucher code UKPEC_SBC to get a 30% discount).

Looking forward to welcoming you at the 2015 UK Private Equity Conference!

Contact:

Jose Perez Bolea
Head of the UK and Iberian Private Equity Conferences
jose.perez@pe-conference.org
PT: +351 91 567 14 17 | ES: +34 655 82 91 81

We hope to meet many members of the Swiss Business Club at the UK Private Equity Conference 15 on May 29, 2015 at the Waldorf Hilton in London.

http://swissbusinessclub.blogspot.ch/2015/04/how-to-join-uk-private-equity.html?view=flipcard
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National Securities Trims Full Circle Capital Corp Target Price to $4.00 (FULL)

Full Circle Capital Corp (NASDAQ:FULL) had its price objective lowered by National Securities from $5.00 to $4.00 in a research report released on Thursday morning. National Securities currently has a neutral rating on the stock.

“Full Circle announced a rights offering February 23, 2015 with a prospectus filed on March 4, 2015.

The rights offering is giving all existing shareholders the right to purchase an additional share of common stock at $3.75/share and the company is doubling the share count after the offering of 11.949 million rights.

The company expects to bring in net proceeds after fees of $43.0 million.

In connection with the rights offering the quarterly dividend (payable monthly) was cut from $0.201 to $0.105.

Although FULL already has a management fee reimbursement in place it is adding an additional fee reimbursement that will begin in fiscal 4Q15.

The additional waiver will be equivalent to the amount that GAAP net income falls short of the dividends paid and will accrue quarterly and be paid at the end of each fiscal year.

We are lowering our fiscal 2015 NII/share estimate to $0.58 from $0.68 and our 2016 NII/share estimate to $0.55 from $0.72.

Accordingly our price target is being lowered to $4 from $5 and we are maintaining our neutral rating.

Our $4 price target implies an estimated 2016 P/Net Investment Income (P/NII) of 7.3x, dividend yield of 10.5%, and Price/Net Asset Value (P/NAV) of 0.73x compared to the (Business Development Company (BDC) sector averages of 9.3x, 10.1%, and 1.00, respectively.,” National Securities‘s analyst commented.

Full Circle Capital Corp (NASDAQ:FULL) traded down 0.26% on Thursday, hitting $3.78.

18,126 shares of the company’s stock traded hands.

Full Circle Capital Corp has a 52 week low of $3.73 and a 52 week high of $9.34.

The stock has a 50-day moving average of $4.34 and a 200-day moving average of $5.50.

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th.

Stockholders of record on Tuesday, June 30th will be given a dividend of $0.035 per share.

This represents a $0.42 dividend on an annualized basis and a yield of 11.08%.

The ex-dividend date of this dividend is Friday, June 26th.

In other Full Circle Capital Corp news, CEO Gregg J. Felton purchased 66,847 shares of the company’s stock in a transaction that occurred on Monday, March 2nd.

The shares were purchased at an average price of $3.78 per share, for a total transaction of $252,681.66.

The transaction was disclosed in a document filed with the SEC, which is available at this link.

Separately, analysts at Maxim Group lowered their price target on shares of Full Circle Capital Corp from $6.50 to $5.00 and set a buy rating on the stock in a research note on Wednesday, February 11th.

Full Circle Capital Corporation (NASDAQ:FULL) is a non-diversified closed-end management investment company.

Full Circle Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments.

#FullCircleCapitalCorp #FULL #BDC  
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Bullish runner: Whiting USA Trust II (WHZ)

Up: 6¢ or 0.74% to close Friday, February 6, 2015 at $8.17 with a dividend yield of actually 34.18% per year.

Whiting USA Trust II (WHZ) holds net profits interest in the oil and gas producing properties located in the Rocky Mountains, Permian Basin, Gulf Coast, and Mid-Continent regions of the United States.

As of December 31, 2013, its oil and gas properties comprised interests in around 388.5 net producing oil and natural gas wells.

In the last trading day, Whiting USA Trust II (NYSE:WHZ) enhanced 0.74% to move at $8.17.

The volume of the stock was 0.15 million shares and the average volume remained 0.31 million shares.

The stock recorded the day price range of $8.05-$8.35

#whitingusatrustii #WHZ #Oil #Gas #Trust  
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PennantPark Investment Corporation (PNNT) gains 0.35% on earnings day and PennantPark Investment Corporation (NASDAQ: PNNT) announced Wednesday

WallStreet Scope – Thursday Feb 5th, 2015:

PennantPark Investment Corporation (NASDAQ: PNNT) announced Wednesday financial results for the first fiscal quarter ended December 31, 2014.

As of December 31, 2014, PNNT's portfolio totaled $1,340.6 million and consisted of $423.0 million of senior secured loans, $588.0 million of second lien secured debt, $218.9 million of subordinated debt and $110.7 million of preferred and common equity.

PNNT's debt portfolio consisted of 30% fixed-rate and 70% variable-rate investments (including 64% with a London Interbank Offered Rate, or LIBOR, or prime floor).

As of December 31, 2014, PNNT had two non-accrual debt investments, representing 1.7% of our overall portfolio on a cost basis.

PNNT's overall portfolio consisted of 66 companies with an average investment size of $20.3 million, had a weighted average yield on debt investments of 12.5% and was invested 32% in senior secured loans, 44% in second lien secured debt, 16% in subordinated debt and 8% in preferred and common equity.

PennantPark Investment Corporation (PNNT) closed Wednesday at $8.5, a gain of 0.35% after trading at a volume of 653,037 shares.

UPDATED: Today's Top 50 Trending Stocks

PennantPark Investment Corporation (PNNT) is performing above average with a weekly performance of 0.12% and a quarterly performance of -19.66% and off their 52 week low by 6.12% with a dividend yield of 13.18%with a total debt to equity ratio of 0.64.

PennantPark Investment Corporation (PNNT)’s monthly performance is -12.19%, a profit margin of 75.10% and PennantPark Investment Corporation has 75.09million shares outstanding.

PennantPark Investment Corporation (PNNT) is a buyer for Thursday in the Asset Management industry with analyst rating of 2.4 and earnings date of 2/4/15 16:30

#PennantParkInvestmentCorporation #PNNT #BDC  
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 Bullish runner: Whiting USA Trust II (WHZ)

Up: 25¢ or 3.54% to close Thursday, January 29, 2015 at $7.32 with a dividend yield of actually 38.15% per year.

Whiting USA Trust II (WHZ) holds net profits interest in the oil and gas producing properties located in the Rocky Mountains, Permian Basin, Gulf Coast, and Mid-Continent regions of the United States.

As of December 31, 2013, its oil and gas properties comprised interests in around 388.5 net producing oil and natural gas wells.

In the last trading day, Whiting USA Trust II (NYSE:WHZ) enhanced 3.54% to move at $7.32.

The volume of the stock was 0.45 million shares and the average volume remained 0.29 million shares.

The stock recorded the day price range of $6.57-$7.49.

#whitingusatrustii #whz #oil #gas #trust  
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Company Watch: Chimera Investment Corporation (NYSE:CIM)

Chimera Investment Corporation (NYSE:CIM) (TREND ANALYSIS), The Board of Directors of Chimera today announced the declaration of its fourth quarter 2014 cash dividend of $0.09 per common share.

This dividend is payable January 29, 2015, to common shareholders of record on December 31, 2014.

The ex-dividend date is December 29, 2014.

Chimera Investment Corporation invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes.

The Company’s principal business objective is to generate income from the spread between yields on its investments and its cost of borrowing and hedging activities.

The Company is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”).

Analysis Report

Chimera Investment Corporation (NYSE:CIM) is currently trading 5.87% below its 52-week-high, 7% above its 52-week-low.

The 1-year range for the stock is $3 – $3.41. 

The stock price has outperformed the S&P 500 by 0.7%.

CIM is currently valued at $3.3 billion and closed the last trading session at $3.21.

The stock has a 50-day moving average of $3.27 and a 200-day moving average of $3.22.

Chimera Investment Corporation (CIM) current short interest stands at 14.01 millions shares.

It has decreased by 4% from the same period of last month.

Around 2% of the company’s shares, which are float, are short sold.

With a 10-days average volume of 3.22 millions shares, the number of days required to cover the short positions stand at 4.4 days.

Is this a Buying Opportunity?

CIM is expected to report earnings per share (EPS) of $0.4 for the current fiscal year, as per consensus of analysts.

Chimera Investment Corporation (CIM) announced actual earnings per share of $0.11 against the consensus Street estimate of $0.1.

This represents a year-on-year decrease of $0.07 compared to the same quarter of the previous year.

There are currently eight analysts that cover CIM.

Of those eight, seven have a Hold rating and one has a Sell rating.

On a consensus basis this yields to a Hold rating.

The consensus target price stands at $3.07.

In term of ownership, company insiders have increased their overall company’s shares stock by 0.4% over the last six months while institutions have decreased their positions by 9.18%.

As a whole, institutions own 67.9% of the total outstanding shares.

Company profile

Chimera Investment Corporation (NYSE:CIM) operates as a real estate investment trust (REIT) in the United States.

The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes.

Its targeted asset classes include non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; insured loans; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties.

The company’s other asset-backed (ABS) securities include commercial mortgage-backed securities, debt and equity tranches of collateralized debt obligations, and consumer and non-consumer ABS, as well as hedging instruments.

#ChimeraInvestmentCorporation #CIM #REIT  
[Business Wire] Chimera Investment Corporation (NYSE:CIM) (TREND ANALYSIS), The Board of Directors of Chimera today announced the declaration of its fourth quarter 2014 cash dividend of $0.09 per common share.
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Do you have a personal offline contingency plan?

What is a contingency plan?

A contingency plan is a process that prepares an individual or an organization to respond coherently to an unplanned event.

A contingency plan is sometimes referred to as "Plan B," because it can be also used as an alternative for action if expected results fail to materialize.

Contingency planning is a component of business continuity, disaster recovery and risk management.

The seven-steps outlined for an IT contingency plan in the NIST 800-34 Rev. 1 publication are:

1. Develop the contingency planning policy statement. A formal policy provides the authority and guidance necessary to develop an effective contingency plan.

2. Conduct the business impact analysis (BIA). The BIA helps identify and prioritize information systems and components critical to supporting the organization’s mission/business functions.

3. Identify preventive controls. Measures taken to reduce the effects of system disruptions can increase system availability and reduce contingency life cycle costs.

4. Create contingency strategies. Thorough recovery strategies ensure that the system may be recovered quickly and effectively following a disruption.

5. Develop an information system contingency plan. The contingency plan should contain detailed guidance and procedures for restoring a damaged system unique to the system’s security impact level and recovery requirements.

6. Ensure plan testing, training, and exercises. Testing validates recovery capabilities, whereas training prepares recovery personnel for plan activation and exercising the plan identifies planning gaps; combined, the activities improve plan effectiveness and overall organization preparedness.

7. Ensure plan maintenance. The plan should be a living document that is updated regularly to remain current with system enhancements and organizational changes.

Start today to store all your important data offline anywhere, anytime and at anyplace!
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SwissNet‬ ‪‎Privacy‬ ‪‎Protection‬ ‪Pocket‬ ‪Knife‬ as a ‪USP‬ ‪Stick‬ in action to store your sensitive data you don't want to share in a cloud.

Manufactured by Victorinox and Made in Switzerland!

http://www.swissnetinc.com/products/purchase-your-swissnet-privacy-protection-pocket-knive-now

#SwissNet #Privacy #privacyprotection #Protection #Pocket #PocketKnife #USP #USPStick #SwissNetPrivacyProtectionPocketKnife  
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Whiting USA Trust II Announces Trust Quarterly Distribution

February 06, 2015 04:30 PM Eastern Standard Time

AUSTIN, Texas--(BUSINESS WIRE)--Whiting USA Trust II (NYSE: WHZ) announced the first Trust distribution in 2015, which relates to net profits generated during the fourth quarterly payment period of 2014.

Unitholders of record on February 19, 2015 will receive a distribution of $0.327255 per unit, which is payable on or before March 2, 2015.

Volumes, average sales prices and net profits for the quarterly payment period were:

Sales volumes:
Oil (Bbl)(1)...................289,980
Natural gas (Mcf)......501,484
Total (BOE).................. 373,561
Average sales prices:
Oil (per Bbl)(1).................... $64.65
Natural gas (per Mcf)(2).....$4.45

Gross proceeds:
Oil sales(1)...................$18,745,977
Natural gas sales..........$2,230,670
Total gross proceeds..$20,976,647
 
Costs:
Lease operating expenses(3)..............................$12,625,597
Production taxes....................................................... $1,056,725
Development costs................................................... $1,420,072
Cash settlements on commodity derivatives(4)..($988,530)
Total costs................................................................. $14,113,864
 
Net profits..................................................................... $6,862,783
Percentage allocable to Trust’s Net Profits Interest........90%
 
Total cash available for the Trust............................$6,176,505
Provision for estimated Trust expenses.................($150,000)
Montana state income taxes withheld.........................($5,010)
Net cash proceeds available for distribution........ $6,021,495

Trust units outstanding................................................18,400,000
Cash distribution per Trust unit...................................$0.327255
 
(1) Oil includes natural gas liquids.

(2) The average sales price of natural gas for the gas production months within the distribution period exceeded the average NYMEX gas prices for those same months within the period due to the “liquids rich” content of a portion of the natural gas volumes produced by the underlying properties.

(3) The Trust’s underlying properties experienced increases in lease operating expenses compared to the prior quarter’s distribution because the fourth quarterly payment period of 2014 includes $2.8 million in ad valorem taxes. Ad valorem taxes are paid annually, typically in the fourth quarter, and therefore, similar payments were not made during the prior period. This timing of payment for the underlying properties’ annual ad valorem tax bills is consistent with when the prior year’s tax payments were made.

(4) All costless collar hedge contracts terminated as of December 31, 2014 (which hedging effects extended through the quarterly payment period covered by the February 2015 distribution to unitholders), and no additional hedges are allowed to be placed on Trust assets. Consequently, for all distributions after the February 2015 distribution, there will be no further cash settlements on commodity hedges, and the Trust will have increased exposure to oil and natural gas price volatility.

The Trust’s net profits interest represents the right to receive 90% of the net proceeds from Whiting Petroleum Corporation’s interests in certain existing oil and natural gas properties located primarily in the Rocky Mountains, Permian Basin, Gulf Coast and Mid-Continent regions of the United States.

The net profits interest will terminate on the later to occur of

(1) December 31, 2021, or

(2) the time when 11.79 MMBOE (10.61 MMBOE to the 90% net profits interest) have been produced from the underlying properties and sold, and the Trust will soon thereafter wind up its affairs and terminate, after which it will pay no further distributions.

Consequently, the market price of the Trust units will decline to zero around or shortly after the net profits interest termination date, which is currently estimated to be December 31, 2021.

As described in the Trust’s public filings, since the assets of the Trust are depleting assets, a portion of each cash distribution paid on the Trust units should be considered by investors as a return of capital, with the remainder being considered as a return on investment.

As of December 31, 2014, on a cumulative accrual basis, 4.60 MMBOE (43%) of the Trust’s total 10.61 MMBOE have been produced and sold.

Based on the Trust’s reserve report for the underlying properties as of December 31, 2014, the Trust’s 10.61 MMBOE are projected to be produced from the underlying properties prior to December 31, 2021, and the net profits interest would therefore terminate on December 31, 2021.

Additionally, the year-end reserve report reflects an expected annualized decline rate of approximately 8.0% between 2015 and 2021.

However, cash distributions to unitholders may decline at a faster rate than the rate of production due to fixed and semi-variable costs attributable to the underlying properties, or if expected future development is delayed, reduced or cancelled.

This press release contains forward-looking statements, including all statements made in this press release other than statements of historical fact.

No assurances can be given that such statements will prove to be correct.

The announced distributable amount is based, in part, on the amount of cash received or expected to be received by the Trust from Whiting Petroleum Corporation pursuant to the net profits interest with respect to the relevant quarterly period.

Any differences in actual cash receipts by the Trust could affect this distributable amount.

Additionally, the estimated time when the market price of the Trust units should decline to zero is based on the economic rights of the Trust units.

The trading price of the Trust units is affected by factors outside of the control of the Trust or Whiting, including actions of market participants, among others.

Other important factors that could cause actual results to differ materially include expenses of the Trust, fluctuations in oil and natural gas prices, uncertainty of estimates of oil and natural gas reserves and production, the timing of any such production, risks inherent in the operation, production and development of oil and gas properties, and future production and development costs.

Statements made in this press release are qualified by the cautionary statements made in this press release.

The Trustee does not intend, and assumes no obligation, to update any of the statements included in this press release.

Contacts:

Whiting USA Trust II
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mike Ulrich, 512-236-6599
http://WhitingWHZ.investorhq.businesswire.com/

#WhitingUSATrustII #WHZ #Oil #Gas #Trust  
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Arlington Asset Investment Corp Hits New 1-Year Low After Analyst Downgrade (AI)

February 4th, 2015 - by Faye Duncan

Arlington Asset Investment Corp (NYSE:AI)’s share price hit a new 52-week low during mid-day trading on Wednesday after Wunderlich lowered their price target on the stock from $29.00 to $27.00, AnalystRatingsNetwork.com reports.

Wunderlich currently has a hold rating on the stock.

Arlington Asset Investment Corp traded as low as $24.33 and last traded at $24.91, with a volume of 1,464,394 shares traded.

The stock had previously closed at $26.96.

AI has been the subject of a number of other recent research reports.

Analysts at FBR Capital Markets initiated coverage on shares of Arlington Asset Investment Corp in a research note on Thursday, November 20th.

They set an “outperform” rating and a $30.00 price target on the stock.

Separately, analysts at Zacks downgraded shares of Arlington Asset Investment Corp from an “outperform” rating to a “neutral” rating and set a $30.70 price target on the stock in a research note on Monday, November 10th.

Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock.

Arlington Asset Investment Corp presently has an average rating of “Hold” and a consensus price target of $28.78.

The stock has a 50-day moving average of $26. and a 200-day moving average of $26.97.

The company has a market cap of $564.3 million and a price-to-earnings ratio of 6.43.

Arlington Asset Investment Corp. is a principal investment firm that acquires mortgage-related and other assets.

The Company acquires residential mortgage-backed securities (NYSE:AI), either issued by United States government agencies or guaranteed as to principal and interest by United States government agencies or United States government-sponsored entities (agency-backed MBS).

#ArlingtonAssetInvestment #AI #Finance  
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Wednesday Stock Updates:  PennantPark Investment Corp

PennantPark Investment Corp (PNNT) closed Tuesday's session on an optimistic note, gaining 0.12% or 1 ¢.

After opening the session at $8.54, the shares maintained narrow variations and hit 8.39 on the lower end and 8.56 on the upper end.

The last trade was registered at $8.55 as the volume reached 580,470 shares.

The previous close of the counter was at $8.54.

The 30-day simple moving average of the price is $9.34 and the 60-day simple moving average is $10.06.

The 52-week high is $11.98 and the 52-week low is $8.16.

From a statistical viewpoint, the percentage change to the 52-week high is 29.09%.

All the price information is in USD.

#PennantInvestmentCorporation #PNNT #BDC  
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Exclusive - Blackstone sets up new credit fund to seek undervalued oil and gas assets

By Greg Roumeliotis

NEW YORK (Reuters) - Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets.

    The move indicates Blackstone is betting that the bonds of some exploration and production companies that rode North America's oil and natural gas boom are now undervalued, or could be in the near future, following the plunge in crude oil prices.

    Not only has the oil price collapse put acute pressure on energy companies with weak balance sheets or high production costs, it has also hurt sales for related services companies that sell everything from sand to drilling rigs to temporary housing.

    GSO Capital Partners LP, Blackstone's credit investment arm, has approached many of its existing investors to quickly raise between $500 million and $1 billion to invest in traded debt securities in the energy sector, the sources said.

    A Blackstone spokesman declined to comment.

The sources asked not to be identified because the fundraising is confidential.

    GSO’s new corporate energy credit fund is just the latest in a series of such funds being raised in the aftermath of oil prices falling more than 50 percent since the middle of last year.

Apollo Global Management LLC, for example, disclosed in a regulatory filing last week that it was raising a new fund to invest in less liquid or illiquid credit products in energy businesses.

     POTENTIAL FOR LARGE RETURNS

    Unlike Apollo's fund, though, the new GSO fund will invest primarily in the liquid corporate energy credit markets.

This means it will seek to buy the traded debt of energy companies for the most part, rather than lend to them directly.   

    "If you buy something that has a 12 percent yield to maturity, and the maturity is for ten years, but oil prices recover in two or three years, you will make a 25 percent rate of return over a two- or three-year time frame," one of the sources said.

    One strategy that GSO's new energy credit fund will deploy is to invest in companies, some private equity-owned, whose bonds are trading at distressed levels.

This could put GSO in a position to take an equity stake through the restructuring of a company’s debt and benefit from any recovery in its valuation.

   "It's going to be a very quick market dislocation and it may be relatively short-lived. You have to have enough experience in this sector to time it effectively," said Andrea Kramer, a managing director at Hamilton Lane Advisors LLC, which has over $220 billion in assets under management and supervision.  

    The new GSO credit fund will be looking to balance its portfolio by investing in lower-risk, lower-return debt securities, according to the one source.

    Buyout firms raised $17.5 billion globally in 2014 for private equity funds dedicated to natural resources, according to market research firm Preqin.

Blackstone has just finished raising its second energy-focused buyout fund, amassing $4.5 billion.

The New York-based firm began raising that fund in the first half of 2014, before oil prices started to slide precipitously in the second half.

    Leveraged buyouts of energy companies, however, have been few and far between, because lower valuations have made owners reluctant to sell.

Any decreases in exploration activity as a result of the lower oil prices also means there could be fewer opportunities for private equity firms wanting to provide seed capital to new oil and gas companies.

    GSO already has a dedicated energy team that makes investments in the sector, using capital from general credit funds.

Earlier this month, for example, GSO's rescue-lending fund and related vehicles agreed to commit up to $500 million for five years to fund the drilling program of oil and natural gas exploration company LINN Energy LLC.

    GSO, together with Franklin Square Capital Partners, also manages FS Energy & Power Fund, a business development company that invests in the debt and equity securities of private U.S. energy and power companies.

#Blackstone #BX  
Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets.     The move indicates Blackstone is betting that the bonds of some exploration and production companies that rode North America's oil and natural gas boom are now undervalued, ...
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