recapitalize

especially British, re·cap·i·tal·ise

[ree-kap-i-tl-ahyz]

verb (used with object)

recapitalized, recapitalizing 

1. to renew or change the capital of.

recapitalize

/ riːˈkæpɪtəˌlaɪz /

verb

1. to provide (a bank, financial institution, or corporation) with more capital

Word History and Origins

Origin of recapitalize¹

First recorded in 1940–45; re- + capitalize

Example Sentences

Last year, for example, Coller led the formation of a $1.6 billion continuation vehicle for Abry Partners that allowed Abry to recapitalize the remaining assets from Abry Advanced Securities Fund III, a credit-focused fund that closed in 2014.

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More recently, Coller led the formation of a $3 billion continuation fund to recapitalize assets from two private-credit funds managed by TPG Twin Brook Capital Partners that were raised in 2016 and 2018, respectively.

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According to court filings, Caspersen in 2015 closed a major deal to recapitalize a private equity fund and then embezzeled an $8.1 million fee the fund had paid to PJT.

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A potential buyer would need to absorb losses of $26.8 billion in mark-to-market from First Republic's loan and securities portfolios, while an extra $9.5 billion is needed to recapitalize the bank, the Morgan Stanley analysts estimated.

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“We had to work under the assumption that our money would be gone, which means we had to find ways to recapitalize Universal Quantum,” he says.

Read more on Scientific American