March 31, 2021 Distressed investment specialist Cerberus Capital Management has hit a $2.8bn final close for its latest flagship opportunistic real estate fund.
AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.
(MENAFN)The Institute of International Finance (IIF), a global trade group of financial institutions stated that global debt hit new record high of USD281.5 trillion in 2020, led by measures to limit economic fallout from the Coronavirus pandemic.
According to IIF, Coupled with a sharp pandemic-driven decline in government and corporate revenues, total private and public debt for the 61 countries in our sample rose by $24 trillion last year, making up over a quarter of the $88 trillion rise over the past decade.
It further stated that global debt outside the financial sector came on at USD214 trillion in 2020, compared to USD194 trillion the preceding year.
In rich countries, the fundamental real-world change goes under the name of secular stagnation. Older people who expect to live longer spend less per capita, as do low income households who dont see their economic prospects improving. However, with a median age of 29 our population is young, our economy is consumption driven and inflation prone.
(MENAFN - KNN India)
Indian Bank partners with SID for extending credit facility to startups & MSMEs New Delhi, Feb 20 (KNN) Indian Bank has entered into Mutual of Understanding (MoU) with Society for Innovation and Development (SID) for extending exclusive credit facility to start-ups and MSMEs.
As per the MoU, SID will identify the start-ups and MSMEs based on their credentials and past experience and will refer to the list of such members who require financial assistance to the Bank.
The initiative is a part of the bank s scheme Ind Spring Board for financing Start-ups and will empower start-ups and MSMEs to realise their research efforts powered by financial support from the bank and backed by incubation facilities offered by SID.
Returnable grant is one where there is no legal obligation to repay; the expectation is only ‘moral, i.e., the recipient is encouraged to repay when she has achieved some intended milestones of financial recovery.