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...banks....
...Competition among direct lenders has already led the deal to become oversubscribed....
...UBS is set to enter talks with Michael Klein to unwind a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s investment bank, according to people with direct knowledge...
...Founders Fund is not a member of the consortium in talks to acquire some of the bank’s assets, said one person with direct knowledge of the talks....
...“Direct lenders made significant market share gains on the banks because the banks were undergoing periods of stress,” said Kipp deVeer, head of Ares’ credit business....
...Weightman told the FT he was untroubled by the fact that his direct approach meant Barings had evidence of how he had poached their staff....
...IFR reports that Morgan Stanley is currently marketing its Morgan Stanley Direct Lending Fund at the moment — eyeing a pricing next Tuesday — while Nuveen Churchill Direct Lending Corp is likely too list...
...If you look at spreads on private direct loans, they’ve tightened 100-150bp in the past 12 months....
...The bid also sheds light on Ant’s interest in gaining a foothold in China’s investment banking industry, although several people familiar with the bidding process said Ant’s lack of any direct experience...
...In total they account for €169bn, or 11 per cent, of Europe’s €1.5tn ETF market, according to Morningstar Direct, down from a peak of 17.6 per cent in 2017....
...Rents earned by the funds from making private direct loans accrue to the general partners, not the limited partners....
...SoftBank owns less than a tenth of Raine, according to people with direct knowledge of the matter....
...Finastra’s choice to turn to so-called direct lenders — investors who lend directly to a business, replacing a traditional bank — was driven by lacklustre demand in the bank loan market and the company’s...
...A structural tailwind for Vietnam as a destination for foreign direct investment remains, said Mohamed Faiz Nagutha, south-east Asia economist at Bank of America Securities....
...The New York-based firm’s flagship hedge fund was down about 16 per cent and its prime brokers were asking it to put up more collateral, according to three people with direct knowledge of the matter....
...“Before the Russian invasion of Ukraine, they might have felt most confident putting their money in a western bank,” he said....
...But Thoma Bravo is the largest investor globally in software companies and had taken Medallia, a direct competitor to Qualtrics, private for more than $6bn in 2021....
...Disney’s direct-to-consumer business, which includes Disney Plus, Hulu and ESPN Plus, has lost $8.6bn over the past three years....
...The bond uses an offshore trustee and gives global investors direct access to issuers of renminbi-denominated debt in the Shanghai Free Trade Zone....
...The Wall Street pressure comes foremost from Benioff’s decision to buy messaging tool Slack Technologies for $27bn in 2020, which put Salesforce in direct competition with Microsoft....
...The chief technology officer of one large bank complained that the biggest cloud companies had not moved fast enough to reduce fixed charges for things such as storage and computing as the volume of business...
...Expect private equity firms to continue courting direct lenders and cash-rich partners as credit markets remain difficult to access....
...“Banks have basically gone on hold,” the head of a large firm that buys syndicated bank debts said. “Direct lenders are going upmarket into larger deals and taking business away.”...
...Job moves Ares has appointed Kort Schnabel, a partner and co-head of the firm’s US direct lending strategy, as co-president....
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