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...Castlelake has taken advantage of recent market turmoil to expand its credit portfolio beyond aircraft leases, buying up billions of dollars of consumer instalment loans from fintech group Upstart....
...The Bank for International Settlements warned last week of the risks that an “insurance market failure for climate-related risks” could spill over into a credit shock and force government to be insurers...
...The great majority of private credit funds poses little maturity transformation risk, yet the growth of semiliquid funds could increase first-mover advantages and run risks....
...The lack of deals and an avalanche of money that has poured into credit markets is beginning to relieve headaches across the private equity world....
...Then came a private credit fund....
...After four years plagued by acute memory loss since her diagnosis, Davis credits Leqembi — which last year became the first fully approved treatment in the US for Alzheimer’s, the most common type of dementia...
...When Oprah Winfrey announced in February that she would step down from the WW International board, shares in the company behind WeightWatchers dropped nearly 20 per cent, to their lowest point since it returned...
...Chief among them: the airline’s long-standing credit card deal with American Express....
...Then, GLP-1 anti-obesity drugs hit the market, long-time spokesperson and board member Oprah Winfrey announced her departure, and the company’s credit rating was downgraded....
...Last week, it became the first to take advantage of a feature of the so-called “Section 45x” programme which allows it to sell the credit for immediate proceeds....
...The chief executive of investment group M&G has said he wants to take advantage of under-developed private credit markets in Europe and expand the business’s investments in private assets, amid warnings...
...So from an institutional point of view, it comes with many advantages. However, like real cash, eventually it must be put to use....
...Many banks, she reckons “are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector”....
...to take advantage of either deal)....
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...Do incremental advantages of scale in cloud computing diminish at some point? Tech investors have to ask whether a given company’s increasing returns are sustainable or not....
...Smart reads Flawed valuations Fund managers in the private credit industry are often valuing their loans more generously than others do. Regulators are starting to worry, Bloomberg reports....
...In a private credit deal, those fees would all go to the funds’ investors.” The advantage for borrowers is a faster, simpler process that gives little information away to competitors....
...The international agency acquired Kassan’s strategic advisory firm MediaLink in 2021 for $125mn from UK-based Ascential, and made Kassan a partner....
...The International Energy Agency is out with its monthly oil report today with divergent views on demand from Opec....
...On paper, Timms’s background in arts and philanthropy make him a left-field choice to lead a firm that advises one-third of the FTSE 100 and a slew of international corporates....
...In September credit card spending slowed a bit, subprime consumer delinquencies were rising and a few consumer-facing companies began to warn of weakening demand....
...and take advantage of a decline in borrowing costs....
...The word — a blend of business and leisure — describes workers who take advantage of remote work policies to combine their business assignments with vacation time....
...Smart reads Pirate panic Security crises on the high seas are causing problems for the international economy, the Wall Street Journal writes....
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