Buyout firm Energy Capital Partners has agreed to re-acquire nuclear services firm EnergySolutions from TriArtisan Capital Advisors LLC , according to a statement provided to Bloomberg News. EnergySolutions will be valued at about $2 billion in the transaction, according to a person familiar with the matter who asked not to be named because the matter is private. The deal returns the Salt Lake Cit...
Buyout firm Energy Capital Partners has agreed to re-acquire nuclear services firm EnergySolutions from TriArtisan Capital Advisors LLC , according to a statement provided to Bloomberg News. EnergySolutions will be valued at about $2 billion in the transaction, according to a person familiar with the matter who asked not to be named because the matter is private. The deal returns the Salt Lake City-based business to ECP ownership four years after selling its majority stake. “The timing of this transaction aligns with what we see as the early innings of a nuclear growth cycle,” said Drew Brown , a partner at ECP who led the investment. Nuclear assets are gaining traction as AI, data centers and electrification lift power demand. Investors are favoring services and infrastructure over new-build reactors, avoiding high costs, long timelines and delays. “We see tremendous potential for its platform as the role of nuclear energy in meeting the rising need for reliable, baseload power continues to grow,” ECP Partner Drew Brown said. Representatives from EnergySolutions, TriArtisan and ECP didn’t immediately respond to a request for comment on the valuation. ECP has a long history with EnergySolutions. It agreed to buy the company in 2013 for $1.1 billion enterprise value and sold its majority ownership in 2022 to TriArtisan Capital Advisors. “From a utility’s perspective, nuclear provides large, baseload, low-carbon power generation, so it checks a lot of boxes,” Brown said. Investors are favoring services and essential waste management infrastructure over new-build reactors, avoiding exposure to potentially high costs, long timelines and delays, he added. ECP, the infrastructure investment platform of Bridgepoint Group plc , focuses on energy transition, particularly power and environmental infrastructure. Nuclear power is now central to US energy security, with bipartisan backing fueling major regulatory changes, according to the statement. “When we took it private in 2...
J Studios/DigitalVision via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that lo...
J Studios/DigitalVision via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the last week of March. Market Action BDCs were lower on the week as risk-off sentiment prevailed across markets. Systematic Income Through March the sector was down around 2%, better than most other income sectors. Cheap valuations and no duration exposure supported the sector. Systematic Income The median BDC valuation remains depressed and has only been lower during past recessions. Systematic Income Market Themes Two premier private BDCs: the Ares Strategic Income Fund and the Blackstone Private Credit Fund posted losses in February. Year-to-date, the funds are flat. This implies NAV losses of around 1-2% so far for the year. The driver for the loss was the broader sell-off in public credit markets rather than any specific credit issues in the fund. This largely aligns with the earlier comment here that based on the moves in credit spreads we should expect an NAV drop of around 1-2% for the quarter. HY corporate bond spreads are wider by around 0.4% over the quarter. Historically, this is associated with a drop in the median BDC NAV of around 1%. Systematic Income The actual numbers could be at the higher end due to the composition of BDC portfolios which skew more heavily to software than do public credit markets as software loan spreads have widened more. Net net we could see a small total NAV return loss for the quarter. At the same time there is no indication of actual significant deterioration of BDC portfolios. If that's correct then the net unrealized depre...
Rouzes/E+ via Getty Images Gold mining stocks saw exceptional volatility during Q1 2026 with rallies to record-breaking highs mixed in with huge selloffs. Gold miners sold off more than once during the quarter, especially towards the latter part of the quarter as a consequence of the outbreak of the war in the Middle East. This looks set to constrain the sector in Q2 2026 as it clouds the outlook ...
Rouzes/E+ via Getty Images Gold mining stocks saw exceptional volatility during Q1 2026 with rallies to record-breaking highs mixed in with huge selloffs. Gold miners sold off more than once during the quarter, especially towards the latter part of the quarter as a consequence of the outbreak of the war in the Middle East. This looks set to constrain the sector in Q2 2026 as it clouds the outlook for the sector with no resolution in sight. Still, there is reason to believe that while current events may give gold miners fits in the short term, they are likely to eventually boost the prospects for gold mining stocks over the long haul. Gold mining stocks go on a roller coaster ride A previous article at the start of 2026 written by myself mentioned how it would be difficult to duplicate in 2026 what gold mining stocks were able to achieve in 2025. The year 2025 saw huge gains for many gold mining stocks, which made for a high hurdle to cross in 2026, if only because the base for comparison would be high. At the same time, while they were unlikely to retain the scorching pace seen previously, the article also argued why there was reason to believe gold mining stocks had yet to peak, something that favored staying bullish. There are still ways to go before 2026 is over, and gold mining stocks did reach for new heights in Q1 2026, but they were unable to maintain the momentum they displayed earlier in the quarter, or much of 2025 for that matter. For instance, the VanEck Gold Miners ETF ( GDX ), an ETF that tracks the performance of companies active in the gold and silver mining industry, gained 7% in Q1 2026. This is substantially better than the 4.63% loss for the SPDR S&P500 ETF ( SPY ), but it represents a step below what was achieved earlier, with GDX having gained 99.63% in the last four quarters. Volatility went extreme in Q1 2026, but there was a silver lining for gold mining stocks GDX also ended the quarter well off the highs after being up as much as 36.62% at...
Right-back is recovering from hamstring injury He could be back at the end of April or start of May Reece James could boost England’s World Cup hopes by returning from a hamstring injury at the start of next month. The Chelsea defender has been out since picking up a problem during last month’s defeat by Newcastle , raising doubts over whether he will be fit to represent his country this summer. T...
Right-back is recovering from hamstring injury He could be back at the end of April or start of May Reece James could boost England’s World Cup hopes by returning from a hamstring injury at the start of next month. The Chelsea defender has been out since picking up a problem during last month’s defeat by Newcastle , raising doubts over whether he will be fit to represent his country this summer. There were initial fears that James, who had not sustained a hamstring injury since November 2024, was facing up to two months on the sidelines and was in danger of not playing again this season. Continue reading...
(RTTNews) - Indian shares recovered from an early slide to end sharply higher on Monday after reports emerged that the United States and Iran are engaged in indirect negotiations to explore a potential 45-day truce that could lead to a more permanent resolution to the conflict.
(RTTNews) - Indian shares recovered from an early slide to end sharply higher on Monday after reports emerged that the United States and Iran are engaged in indirect negotiations to explore a potential 45-day truce that could lead to a more permanent resolution to the conflict.
President Donald Trump asked Congress to enact a $2.2 trillion budget for 2027, including a $1.5 trillion request for defense, a significant increase over the $1 trillion sought for fiscal year 2026. Nathan Dean of Bloomberg Intelligence has more. (Source: Bloomberg)
President Donald Trump asked Congress to enact a $2.2 trillion budget for 2027, including a $1.5 trillion request for defense, a significant increase over the $1 trillion sought for fiscal year 2026. Nathan Dean of Bloomberg Intelligence has more. (Source: Bloomberg)
From soundtracking the silent era, via 50s rock’n’roll and the ‘symphonic pop’ of Henry Mancini to iconic works by John Williams and Hans Zimmer, movies are unimaginable without music. Ahead of the London soundtrack festival its artistic director picks 10 scores that moved the dial The music of cinema’s earliest years played a crucial role in how audiences – with a live pianist or organist soundtr...
From soundtracking the silent era, via 50s rock’n’roll and the ‘symphonic pop’ of Henry Mancini to iconic works by John Williams and Hans Zimmer, movies are unimaginable without music. Ahead of the London soundtrack festival its artistic director picks 10 scores that moved the dial The music of cinema’s earliest years played a crucial role in how audiences – with a live pianist or organist soundtracking the silent movie – experienced the stories on screen. But it wasn’t until the advent of synchronised sound that they were guaranteed the same musical experience. Even that moment, widely regarded to be 1926’s Don Juan – an otherwise silent film – wasn’t a true soundtrack. Warner Bros used the Vitaphone system, essentially a recording on disc that was played with the picture. The same system was used for 1927’s The Jazz Singer, the first film for which voices were synchronised to the picture as well. Playing a disc to picture was unreliable, and it wasn’t long before music could be printed directly on to the celluloid of the film itself and the soundtrack proper was born. Continue reading...