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...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
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...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...Warburg’s European co-head is former Deutsche Telekom chief executive René Obermann, who has been involved in some of these investments....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
...“Frequently, the weaknesses of new products, in this case private credit loans, may only be seen and exposed in bad markets, which private credit loans have not yet faced,” he warned in his annual shareholder...
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...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
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...He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...So I thought it was a good time to catch up with Armen Panossian, who will become Oaktree’s co-chief executive by March and currently heads up its performing-credit business....
...And Nvidia has backed Inflection AI, Databricks and Cohere and co-invested with Google in Hugging Face and Runway....
...And then there is a host of other incentives, including, for example, tax credits and developing engineering talent and so on....
...Speaking at an event at Stanford University, he claimed credit for recognising years ago how significant AI would be for all of Google’s products....
...It is further seen in alarming credit trends metastasising on leveraged balance sheets....
...The credit business Zito leads includes roughly $461bn of the firm’s investments across structured credit, corporate bonds and loans and private credit....
...Macron endorsed the idea of common debt issuance to boost defence industry co-operation, and called on the EU to develop its own “strategic concept” for a shared European defence compatible with Nato....
...A year later, Justin Gmelich, another former Goldman partner, joined as co-CIO alongside the promoted Russo....
...General Atlantic has prioritised growth in so-called sustainable investments, naming co-president Gabriel Caillaux as head of its climate-related strategy....
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...Now he’s taking the model further with the launch of a new entity, Fiery Dragons II, planned for July. “The idea is to invest in fewer projects and on a more substantial basis for each one.”...
...[Apollo co-president] Jim Zelter will detail some of these transactions....
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...“They tend to respect hierarchies, and they are used to co-heads and committees.”...
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