{"id":8250,"date":"2008-07-31T00:00:00","date_gmt":"2008-07-31T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"lone-star-merrill-deal-marks-power-shift-to-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/lone-star-merrill-deal-marks-power-shift-to-funds.html","title":{"rendered":"Lone Star-Merrill deal marks power shift to funds"},"content":{"rendered":"<p>Reuters- Lone Star&#8217;s deal to buy bad loans from Merrill Lynch &amp; Co signals a growing power shift as private equity firms mop up after the year-long credit crisis.       <\/p>\n<p>Merrill Lynch said on Monday it will take a $5.7 billion (2.9 billion pound) third-quarter write-down as it unloads large holdings of risky debt. More than $400 billion of write-downs and losses at major banks since last year characterized the first phase of the financial crisis.<\/p>\n<p>&quot;The second part of the story is the distressed funds that have been raising funds to take advantage of motivated sellers,&quot; said Frank Morgan, president of the UK-based Coller Capital&#8217;s U.S. unit in New York, where it has $8.5 billion in assets under management.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" border=\"0\" width=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/350591651\" \/><br \/>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/350591651\/idUKZWE05495220080730\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Lone Star&#8217;s deal to buy bad loans from Merrill Lynch &amp; Co signals a growing power shift as private equity firms mop up after the year-long credit crisis. Merrill Lynch said on Monday it will take a $5.7 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1844,229,803,117,285,81,103,948,236],"class_list":["post-8250","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-contagion","tag-eton-park","tag-external-managers","tag-investment-arm","tag-management-platform","tag-newcastle","tag-pergam-finance","tag-subsidiaries","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8250"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8250\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}