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> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
1- https://www.pionline.com/money-management/blackrocks-aum-cli...
What’s the rate on the note? US treasuries are paying 5+%. Unless there’s some bonus exercise rights for the conversion, this must add some significant credit risk premium.
I'm just thinking out loud though, I'm just an armchair investor, for all I know these notes are paying 10%, although I doubt it.
Earlier quoted context omitted.
> Allocating capital takes a lot of work How?
It takes a lot of work to decide the right investments and manage the companies you've invested in to ensure they don't go kaboom. Private equity takes active ownership in the companies they own, unlike BlackRock that invests and at most takes a few board seats.
> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
What they haven't Blackstone has - they're related private equity groups, aka late capitalist cancer ala Gordon Ecko's 'I produce nothing , I do nothing , I own '.
What’s the rate on the note? US treasuries are paying 5+%. Unless there’s some bonus exercise rights for the conversion, this must add some significant credit risk premium.
I was recently shopping for an UPS + couple 100Ah Batteries solution and failed to find an easy way to buy something not manufactured in China. Northvolt seems to not be present in retail at all. Are there any good places I should've checked out?
In general, it seems more common in China for companies to do business with each other via e.g. Alibaba. You can actually order non trivial amounts of raw materials via Alibaba. For example if you search for 1080 steel, you can actually order tons of steel from various suppliers.
What’s the rate on the note? US treasuries are paying 5+%. Unless there’s some bonus exercise rights for the conversion, this must add some significant credit risk premium.
If the obligation involves repaying the note in cash along with interest, instead of settling it via shares plus a supplemental amount stemming from the interest, typically something has gone awry.
I noticed they don’t mention Tesla but they lift the term gigafactory
Blackrock also owns 5-6% of Tesla.
> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
"The Fed Is Subsidizing the Money Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Big Part of Jerome Powell’s Wealth" [0]
[0] https://wallstreetonparade.com/2021/10/the-fed-is-subsidizin...